Monday, December 20th 2010 - 08:05 UTC

Falkland Islands: Desire Petroleum plc, Operation Update

Desire Petroleum plc (DES:AIM) the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide the following operations update.

Monday, December 20th 2010 - 06:19 UTC

Canada’s Nova Scotia bank takes over RBS in Chile

James Callahan, Scotiabank general manager

Chilean regulators approved last week the acquisition by Canada’s Bank of Nova Scotia (BNS) of the The Royal Bank of Scotland, and associate companies following on the agreement signed last September.

Saturday, December 18th 2010 - 19:04 UTC

Fiat targeting a production of over a million cars in Brazil

Brazil is Fiat’s main market after Italy

Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.

Monday, December 13th 2010 - 14:47 UTC

Spanish fish industry plan to renew high seas fleet but needs soft, long term loans

Vigo the hub of Spain’s fish industry

Seven Spanish fishing companies from Vigo that make up the Association of Fishing Communities and Joint Ventures (Acemix) plan to invest an estimated 120 million Euros in new ships to renew their fleet operating in third countries among which Namibia, Argentina, Senegal and the Falkland Islands.

Saturday, December 11th 2010 - 00:28 UTC

Chinese company takes over Occidental petroleum assets in Argentina

China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of US-based Occidental Petroleum Corp's oil and gas assets in Argentina for 2.45 billion US dollars, marking the energy giant's first foray into the upstream market in Argentina.

Wednesday, December 8th 2010 - 17:11 UTC

US dollar to strengthen, but US fiscal health worse than Europe’s warns China

Li Daokui, academic member of the central bank's monetary policy committee

The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the Euro zone's troubles but the US fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.

Wednesday, December 8th 2010 - 17:04 UTC

Brazilian iron-ore giant Vale traded at a premium in Hong Kong market debut

Vale Chief Financial Officer Guilherme Cavalcanti

Brazilian corporation Vale, the world's biggest iron ore miner, listed on Wednesday at the Hong Kong stock exchange where it traded at a premium to New York's close, as the company looks to raise its profile among Asian investors.

Tuesday, December 7th 2010 - 19:33 UTC

Brazil’s multi-billion jet fighter purchase will be decided by Dilma Rousseff

Lula da Silva is known to prefer the French “Rafale” package

Brazilian President Lula da Silva has said he will not make a decision on a multi-billion-dollar jet fighter purchase before stepping down on January 1, state media reported.

Monday, December 6th 2010 - 07:32 UTC

Falkland Islands: Desire drilling update

Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, today provides the following update on the latest logging results from the 14/15-2 Rachel North well which, following additional wireline data, will be plugged and abandoned with oil shows .

Friday, December 3rd 2010 - 06:02 UTC

Brazil’s Vale targets a million tons copper production annually in Chile by 2015

The company is the world’s largest iron-ore producer

Brazil’s Vale Doce, the world’s largest iron-ore producer, is aiming to boost copper output more than fivefold by 2015 as it seeks to diversify sales and catch up with rivals, announced top officials from the company during the inauguration of a project in Chile.


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