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Stories for November 2nd 2009

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Nov. 2nd 2009 - 11:39 pm UTC

US puts pressure on Brazil to purchase Boeing’s F 18 Super Hornets

President Barak Obama has a “special interest” in the six billion USD contract

United States president Barak Obama has a special interest in the sale of 36 fighter aircraft Brazil has announced it plans to purchase and would consider a “disappointment” if the contract goes to any of its competitors (France or Sweden), said Ellen Tauscher Under Secretary for Arms Control and International Security.

Nov. 2nd 2009 - 11:37 pm UTC

Chilean Navy state of the art OPV “Piloto Pardo” visits Punta Arenas

The vessel was built in Chile with German blueprints

One of Chile’s Navy latest incorporations Offshore Patrol Vessel (OPV 81) “Piloto Pardo” is currently in Punta Arenas from where it will be operating during summer months in fisheries patrol protection, search and rescue operations and other Chilean sovereignty activities along the country’s long coastline, EEZ plus Antarctic logistics tasks.

Nov. 2nd 2009 - 6:14 am UTC

Stora Enso confirms construction of pulp mill in Uruguay

The Swedish-Finnish-Chilean group became Uruguay’s largest land owner

The Swedish-Finland group Stora Enso and Chile’s Arauco confirmed to the Uruguayan government their intention of building a pulp mill in the country with an investment in the range of two billion US dollars reports the Montevideo daily Ultimas Noticias.

Nov. 2nd 2009 - 6:09 am UTC

Antarctica cruise season begins in Ushuaia; 225 calls anticipated this year

Ushuaia gateway to Antarctica expects heavy traffic this season

With the departure last week of icebreaker “Kapitan Khlebnikov” (*), Ushuaia marked the beginning of the Antarctica cruise season. Located in the extreme south of Argentina Ushuaia has become the gateway for Antarctic cruises virtually monopolizing 92% of the traffic

Nov. 2nd 2009 - 4:06 am UTC

Brazil’s plan to boost the economy and send a good report to Copenhagen

Time for Brazilian consumers to buy energy efficient refrigerators with a 15% tax rebate

Brazil has extended tax breaks on energy-efficient home appliances for three months in a bid to boost consumption and consolidate a rebound in Latinamerica’s largest economy. The announcement was made last week by Finance Minister Guido Mantega and becomes effective this month.

Nov. 2nd 2009 - 4:01 am UTC

Satellite to study the Earth’s soil moisture and ocean salinity in orbit

SMOS was launched in a Russian made Rockot from Plesetsk Cosmodrome about 500 miles north of Moscow

Europe has successfully launched a new satellite to unravel the mysteries of Earth’s water cycle, shedding new light on how moisture is absorbed into the atmosphere and the process’s link to climate change.

Nov. 2nd 2009 - 3:59 am UTC

Lloyds planning huge shares and bonds issue to cut off from government umbrella

Chancellor Darling favours creating three new high street banks to increase competition and recoup bail-out funds

Lloyds Banking Group is prepared to pay a fee of close to £2.5 billion to steer clear of the Government Asset Protection Scheme (GAPS), according to BBC sources. Lloyds believes it can survive without the GAPS and does not want the additional government influence which comes with the scheme.

Nov. 2nd 2009 - 3:55 am UTC

Massive oil spill from Australian underwater well; top brains unable to plug leak

The offshore well in the Timor Sea has been out of control for ten weeks

An oil well at the centre of a massive spill in the Timor Sea off the North West coast of Australia is on fire. The company which runs the well, PTTEP Australasia, said the fire broke out as it made another attempt to plug a leak deep underwater at the West Atlas rig.

Nov. 2nd 2009 - 3:44 am UTC

Honduras election commission takes off; Lobo leads in opinion polls

Porfirio “Pepe” Lobo, head of the National party holds the key in Congress to restore governance and most probably be elected president Nov. 29

United States secretary of Labour and a former Chilean president were named Sunday to a commission tasked with monitoring the creation of a power-sharing government in Honduras, under a US-brokered agreement to end the Central American nation’s four-month-old political crisis.

Nov. 2nd 2009 - 3:38 am UTC

China’s manufacturing increases at fastest rate in 18 months

Even when domestic demand is playing a crucial role exports in China also seem to be picking up.

China’s Purchasing Managers Index, a gauge of the country’s manufacturing activities, rose at the fastest pace in 18 months in October when it expanded to 55.2, up from 54.3 in September, the China Federation of Logistic and Purchasing said this week.

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