Stories for September 3rd 2010
Humpback whales in Chilean sanctuaries to be tracked with GPS
Starting December, scientists from Chile’s Biomar Foundation will use GPS (Global Positioning System) to follow the movements of humpback whales in protected marine area Francisco Coloane, in the Magellan Strait. The whales are to be monitored for 12 months.
Falkland Islands: Oil activities still remain encouraging
THE offshore oil drilling rig Ocean Guardian continues its work at Rockhopper Exploration’s Sea Lion well, where hydrocarbons were encountered earlier this year. The well at that time was suspended for re-entry and testing.
In spite of the boom in exports, Latam’s decade report is far from encouraging
Latin American and Caribbean exports are forecasted to grow 21.4% this year propped mainly by South American commodities according to the latest report from the United Nations Economic Commission for Latin America and the Caribbean, Cepal. However the overall balance of the last ten years is negative compared to the nineties and looks closer to the eighties.
Budget days: Uruguay GDP forecasted to expand 30% in five years
It’s budget time in Uruguay and the government has presented to Congress its revenue and expenditure estimates (821 articles) based on a five-year forecast for the economy, which private analyst consider too rosy.
Peru and Xstrata sign 4.2 billion USD deal to develop copper mine
Switzerland's Xstrata mining group and the Peruvian government Thursday signed a 4.2-billion-dollar deal to develop a copper mine in the southeastern Peru of the country, said President Alan Garcia.
Uruguayan exports in eight months reach 4.4 billion US dollars
Uruguayan exports in the first eight months of 2010 reached 4.475 billion US dollars which is 22% higher than the same period of last year, according to official data released this week.
Manufacturing growth data from the US and China helps boost markets
Manufacturing growth in the US and China improved in August, helping to boost global stock markets. The US sector expanded for its 13th straight month in August, according to the Institute for Supply Management.
Former PM Blair warns Labour not to drift to the left
As voting began in the election to choose a new British Labour leader, former prime minister Tony Blair issued a warning to the party not to drift to the left. Although he made no endorsement in his memoirs, published this week, of any of the five candidates to succeed Gordon Brown, Mr Blair's comments will be seen as a mark of support for front-runner David Miliband over his brother Ed.
Sweet busting: eleven indicted for biggest food smuggling case in US history.
US authorities have indicted 11 German and Chinese executives for conspiring to illegally import 40 million US dollars of honey from China. The executives were accused of being part of an operation which mislabelled honey and tainted it with antibiotics in an attempt to avoid import duties.
Wheat climbs as Russia extends ban on exports until next year’s crop
Wheat climbed after Russia, the third-largest grower last year, extended a ban on exports into next year following a drought destroyed crops, tightening global supplies. The United Nations’ Food and Agriculture Organization called a special meeting to address the global grains situation.
