Stories for September 2010

Thursday, September 30th 2010 - 23:54 UTC

FOGL and BHP Billiton committed to drill a well in north Falkland basin

The joint venture has been unable to contract a rig

Falkland Oil & Gas Ltd and associate BHP Billiton have been granted by the Falkland Islands government an extension of Phase I of their northern Falkland licences and should be drilling one exploration well before 15 December 2011, according to a release from the FOGL. BHPB Petroleum (Falklands) is part of the larger Anglo-Australian BHP Billiton resources conglomerate.

Thursday, September 30th 2010 - 23:41 UTC

Families of trapped Chilean miners file 29 million USD suit in damages

The camp overseeing the rescue operations

Families of 29 of the 33 workers trapped in a collapsed Chilean mine Thursday filed suit against their employer, seeking 29 million dollars in damages, an adviser to the families said.

Thursday, September 30th 2010 - 19:55 UTC

Ecuadorean president mobbed and surrounded by protesting rank and file police

Correa abandons the scene after being shouted down and gassed

Ecuadorean President Rafael Correa said he is the target of a coup attempt after police and soldiers protesting wage cuts assaulted him Thursday during a demonstration in the capital Quito. The mutinous forces also cut air traffic at the capital’s main airport.

Thursday, September 30th 2010 - 04:46 UTC

Peru, Chile, Colombia integrate stock-exchange operations

President of Peru stock exchange Roberto Hoyle

Integrated Peruvian, Chilean and Colombian stock-exchange operations are set to begin November 22 announced the president of Peru's stock exchange Roberto Hoyle who said that the integration would attract investors and increase competitiveness .“The integration will be an important step to increasing attractiveness and competitiveness, as well as greater capital flows,” said Hoyle.

Thursday, September 30th 2010 - 02:49 UTC

Chilean exporters want government support to face weakening US dollar

Agriculture produce, fresh fruit, wines represent almost 20% of Chilean exports

Chilean exporters associations of farmers and manufacturers announced they will be requesting government intervention in the foreign exchange market because the “cheap” dollar is threatening their competitiveness edge and profits.

Thursday, September 30th 2010 - 02:32 UTC

IMF calls for tighter supervision of credit rating agencies

There are more than 70 rating agencies world wide but only three are global in scope: Fitch Ratings, Moody’s and Standard % Poor’s

Credit rating agencies need tighter supervision because their activities have a strong impact on funding costs for debt issuers and can affect financial stability, the International Monetary Fund said.

Thursday, September 30th 2010 - 02:24 UTC

Beef to become ‘the salmon of fifty years ago’ and the ‘caviar of the future’

FAO livestock expert Henning Steinfeld

The Food and Agriculture Organization, FAO, forecasts that beef will become an extremely luxury good world wide by 2050 because of soaring production costs.

Thursday, September 30th 2010 - 02:20 UTC

Improved animal breeds and feed helps reduce “carbon hoof-print”, say FAO experts

It is estimated livestock farming contributes 18% of the world's greenhouse gas emissions

Soaring carbon emissions from a meat-hungry developing world could be cut back substantially by improving animal breeds and feed, according to a study. Demand for livestock products is predicted to double by 2050 as a result of growing populations, urbanisation and better income in the developing world, leading to rise in emissions from the industry.

Thursday, September 30th 2010 - 02:14 UTC

Milky Way neighbours? US astronomers discover potentially habitable Earth-size planet

Gliese 581 is some 20 light years away

United States astronomers have found a new, potentially habitable Earth-sized planet. It is one of two new planets discovered around the star Gliese 581, some 20 light years away, report the Carnegie Institution and the Santa Cruz, University of California.

Thursday, September 30th 2010 - 01:18 UTC

FIFA joins global campaign against money laundering and corruption

President Joseph S. Blatter: “this is a historic moment for football”

FIFA the international federation of associate football will implement as of next October first a new computerized system of players’ transfers geared to establish a greater control and help combat money laundering and corruption.

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