Stories for July 25th 2011

Monday, July 25th 2011 - 22:10 UTC

Chile’s Comptroller clears Piñera of conflict of interest in Patagonian coal mine

The Chilean president has his stocks in a blind fund but included the project in a development plan for Magallanes region

Opposition to the Isla Riesco coal-mining project in the extreme south of Chilean Patagonia suffered a setback Thursday when Chile’s Comptroller General rejected accusations of a conflict of interest at the highest level of government.

Monday, July 25th 2011 - 22:02 UTC

Chavez confirms he will run for a third six-year term in 2012

The Venezuelan leader said no malignant cells were detected during the latest exam

Venezuelan President Hugo Chavez has pledged to run for re-election next year, dismissing speculation that cancer treatment would force him out of the political arena.

Monday, July 25th 2011 - 21:44 UTC

UAE global port operators take control of two terminals in Suriname

DP World CEO, Mohammed Sharaf wants to expand into South America

Global Marine terminal operator DP World Limited announced that it has expanded its portfolio to former Dutch colony Suriname on the northeast coast of South America, acquiring a controlling interest in both Integra Port Services (‘IPS’) and in Suriname Port Services (‘SPS’).

Monday, July 25th 2011 - 21:09 UTC

Caterpillar expands diesel-electric locomotive manufacturing plant in Brazil

Billy Ainsworth, president and chief executive officer of Progress Rail Services

A subsidiary of Caterpillar Inc., Progress Rail, announced plans to locate a locomotive manufacturing facility in the state of Minas Gerais to supply Brazil’s diesel-electric locomotive market.

Monday, July 25th 2011 - 21:01 UTC

China determined to break the grip of the three major global iron ore miners

Li Xinchuang, deputy secretary-general of China Iron & Steel Association

China, the world's largest steelmaker and iron ore consumer, has set a target of dramatically increasing ore imports from Chinese-invested resources in the steel industry's 12th Five-Year Plan (2011-2015), an industry official said.

Monday, July 25th 2011 - 20:53 UTC

IMF calls for ‘swift rise in US debt ceiling’ and warns of risks to world economy

If no agreement is reached on time, a sudden increase in interest rates can be expected

The International Monetary Fund urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy.

Monday, July 25th 2011 - 20:48 UTC

Santa Fe voters cast “a punishing vote” on those who seek to impose an only way of thinking

Governor-elect satisfied with the vote of confidence

“We received a vote of confidence from the Santa Fe people”, said early Monday the Argentine province next governor Socilaist Antonio Bonfatti, following his tight Sunday victory which also “cast a punishing vote” for the government of President Cristina Fernandez de Kirchner, ahead of next October election.

Monday, July 25th 2011 - 20:40 UTC

Norwegian mass killer says the organization has “two more cells”

Breivik accused the Norwegian Labour party of “mass import of Muslims”

Anders Behring Breivik told a Norwegian judge Monday his bombing and shooting rampage that killed over 80 people aimed to save Europe from a Muslim takeover, and said that “two more cells” existed in his organization.

Monday, July 25th 2011 - 20:34 UTC

IAE engines for Brazil’s Embraer first defence cargo aircraft KC-390

The successful Brazilian maker is targeting 20% revenue from defence procurement, beginning with the KC-390

Brazil’s Embraer, the world's biggest maker of regional aircraft, chose International Aero Engines as engine supplier for its military transport plane KC-390, signalling that the company is moving ahead in its venture into defence within schedule.

Monday, July 25th 2011 - 12:25 UTC

Argentina’s trade surplus shrinking under a strong influx of imports

Energy imports have also soared particularly liquid gas

Argentina's trade surplus fell 22% on the year in June. Trade surplus last month 1.02 billion dollars, down from a revised 1.31 billion in June 2010, according to the national statistics agency, Indec.

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