Stories for July 25th 2011
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.
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.
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’).
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.
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.
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.
“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.
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.
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.
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.