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Stories for January 10th 2007

• Wednesday, January 10th 2007 - 20:00 UTC

  Venezuela's nationalization plans spook markets and investors

  Investors scared by President Hugo Chavez's nationalization plans rushed to sell off Venezuelan stocks Tuesday, while U.S. officials and financial analysts warned that increasing government control in the power, telecom and oil sectors is a mistake.

• Wednesday, January 10th 2007 - 20:00 UTC

  UNCTAD: global investment expected to slow in 2007

  Foreign direct investment (FDI) grew in 2006 for the third consecutive year to reach 1.2 trillion US dollars according to initial estimates released Tuesday by the United Nations, which also warned that economic growth is likely to slow this year because of high commodity prices and other factors.

• Wednesday, January 10th 2007 - 20:00 UTC

  Petrobras inaugurates “vessel platform” off Rio do Janerio

  Brazil's government managed hydrocarbons corporation Petrobras begun Tuesday oil and gas extraction from the new Cidade do Rio de Janeiro vessel-platform in the Espadarte field, belonging to the Campos Basin.

• Wednesday, January 10th 2007 - 20:00 UTC

  OAS members support Insulza; Chavez wants an apology

  Organization of American States Secretary General Jose Migule Insulza received on Tuesday full support from country members' representatives during a debate promoted by Venezuela following the controversy with Venezuelan president Hugo Chavez.

• Wednesday, January 10th 2007 - 20:00 UTC

  Chile stamps definitive 33% tariff on Argentine wheat flour

  Chile decided on Tuesday to increase to 33%, and during three months, safeguard tariffs on Argentina wheat flour, reported in Santiago the Minister of Agriculture Alvaro Rojas.

• Wednesday, January 10th 2007 - 20:00 UTC

  Chavez promises six years of “Socialism or death”

  Venezuelan President Hugo Chavez was sworn in for another six years on Wednesday, promising to press ahead with a sweeping socialist agenda: “Fatherland. Socialism or death — I swear it” said Chavez, holding his right hand in the air as he invoked Cuban leader Fidel Castro's famous call to arms.

• Wednesday, January 10th 2007 - 20:00 UTC

  Latam trade surplus with US tops 100 billion US dollars

  Latinamerica and the Caribbean trade surplus with the United States in November dropped 11.5% in November to just over 7 billion US dollars according to the US Department of Commerce.

• Wednesday, January 10th 2007 - 20:00 UTC

  China's trade soaring: 969 billion exports last year

  China's trade surplus in 2006 reached a mind bogging 177.5 billion US dollars compared to 102 billion in 2005, reported Wednesday the Chinese news agency Xinhua.

• Wednesday, January 10th 2007 - 20:00 UTC

  Chile's largest meat producer caught selling rotten goods

  Agrosuper, Chile's largest meat producer could face serious fines or a shutdown of its factories by health authorities after workers of its Huechuraba plant denounced the sale of decomposing meat.

• Wednesday, January 10th 2007 - 20:00 UTC

  Brazil manufactures record number of automobiles

  Brazil manufactured a record number of automobiles last year, 2.61 million, up 3.1% over 2005, according to a release Wednesday in Sao Paulo from the Association of Automobile manufacturers, Anfavea.