Stories for September 2010
Rapid recovery and strong copper demand sustain Chilean Peso appreciation
The Chilean peso rose on the first day of September, --and now stands at 500 to the US dollar--, as accelerating manufacturing growth in China improved the outlook for Chile’s raw material exports, mainly copper.
Chinese sovereign fund takes control of 10% of Morgan Stanley’s
The U.S. Federal Reserve Board announced it has approved the application by China Investment Corporation (CIC) to buy up to 10% of voting shares of investment giant Morgan Stanley.
Alarm in Ushuaia: cruise calls are forecasted to drop 20% this season
Tierra del Fuego province, in the extreme south of Argentina, and its capital Ushuaia is anticipating a 20% fall in the cruise business this coming season 2009/10 compared to 2008/09 according to the president of the regional tourism institute.
Argentine-Japanese couple takes top prize in Tango World contest
An Argentine-Japanese couple beat 400 dancing pairs to take top prize in the Mundial de Tango world competition held this year in Buenos Aires' Luna Park amusement centre.
Wheat prices drive FAO food prize index at its highest since September 2008
Surging wheat prices drove international food prices up 5% last month in the biggest month-on-month increase since November 2009, FAO announced. The FAO Food Price Index (FPI) averaged 176 points in August, up nearly nine points from July, FAO said in its latest update on the global cereals supply and demand situation.
Canada satisfied with first contacts for trade agreement with Mercosur
Canada is “satisfied” with contacts held with the Argentine government for the possible beginning of discussions regarding a free trade agreement with Mercosur, said Canadian International Trade minister Peter Van Loan said at the end of a tour of four Latin American countries
Ascension Island conceals Darwin’s best kept secret: lush “Little England”
The lonely Ascension Island in the middle of the South Atlantic, and closely linked to the Falkland Islands (*) conceals Charles Darwin's best-kept secret. Two hundred years ago, it was a barren volcanic edifice. Today, its peaks are covered by lush tropical “cloud forest”.
Argentina: Squid fishing season extended
The Federal Fisheries Council (CFP) has unanimously decided to extend the squid (Illex argentinus) fishing season taking place north of latitude 44º by 20 days. The closing date was originally scheduled for 31 August.
Argentine to increase budget defence 50%, recovering losses of Falklands war
Defence minister Nilda Garré said the Argentine government would increase the defence budget in coming years from 0.9% to 1.5% of GDP to help overcome decades of divestment following the defeat in the (1982) Falklands/Malvinas war.
One of Brazil’s media icons becomes first 100% digital newspaper
Starting Wednesday September 1, 2010, Jornal do Brasil, celebrating its 119th year, will become the first 100% digital newspaper in Brazil.
