Stories for October 19th 2008
Uruguay will invest 53 m USD in Montevideo port
Uruguay will upgrade the Port of Montevideo facilities to enhance the port's efficiency and reduce maritime and river transportation costs with support from a 40 million US dollars loan from the Inter-American Development Bank.
World summit between US and EU to fight cash crisis
The presidents of the US, France and the European Commission have unveiled plans for a series of summits to discuss the global financial crisis.
BHP Billiton visits Falklands to organize oil drilling program
Representatives of global minerals giant, BHP Billiton, were in the Falkland Islands last week laying the groundwork for a Southern Ocean drilling programme, which they hope will begin in some 12 to 18 months time.
Petrobras September oil-gas production sets new record
Brazil's government managed oil and gas corporation Petrobras set a new production record in September with 1.897.563 barrels/day, surpassing the volume extracted in the previous month by 12.400 barrels, or 1%. Compared to a year ago, the increase was 7.26%.
Strong confidence message from Latam central bankers
Latinamerican Central bank presidents and leading economists said on Sunday the region is well prepared to face growing global financial turbulence and agreed to share information on monetary and financial markets.
Suspended death sentence for corrupt Beijing vice mayor
A former Beijing vice mayor in charge of overseeing Olympic construction projects has been given a suspended death sentence for corruption, a court said Sunday, in a stern warning to wayward Communist officials.
