Stories for November 12th 2009

Thursday, November 12th 2009 - 13:23 UTC
Chilean gold production expected to triple by 2015

A study conducted by Chile's National Copper Commission (COCHILCO) reports that the country will most likely triple its gold production within the next five years.
The opening of new mines in Chile's north will take production from an annual level of 39 tons to nearly 110 tons, said the report.
This would make Chile one of the world’s 10 largest producers.
Thursday, November 12th 2009 - 10:52 UTC
UK and France work together for a world-wide arms trade treaty

The United Kingdom and France launched on Wednesday, Armistice Day, the idea of the need to negotiate a world-wide Arms Trade Treaty. Foreign Secretary David Miliband and French Foreign Minister Bernard Kouchner wrote a joint article on the subject published in the Vatican newspaper L'Osservatore Romano.
Thursday, November 12th 2009 - 10:49 UTC
China’s strong economic data fuel annual growth prospect of 8%

The latest economic data from China suggests that industrial production grew year on year at a level faster than expected. Retail sales also rose by more than analysts had predicted, while consumer prices continued to fall.
Thursday, November 12th 2009 - 10:47 UTC
UK offers military land in Cyprus to help seal reunification deal

Britain has offered to give up half of the land occupied by its sovereign military bases in Cyprus if the divided island's leaders can seal a reunification deal. In an attempt to show they are serious about supporting a solution to the protracted Cyprus problem, Britain has renewed an offer to cede about half the territory of its bases in Cyprus.
Thursday, November 12th 2009 - 10:42 UTC
Three candidates to challenge US dollar as dominant reserve currency

A new report from researchers at the International Monetary Fund sees at least three candidates that could eventually challenge the US dollar's role as the world's dominant reserve currency: the Euro, the Yen and the Chinese Yuan.
Thursday, November 12th 2009 - 10:30 UTC
Argentine church calls government to improve “social cohesion and bring peace”

The Argentine Catholic Church called Wednesday on the government to improve “social cohesion and bring peace” to Argentines. At a conference headed by Cardinal Jorge Bergoglio to mark the 25th anniversary of a peace treaty between Argentina and Chile mediated by Pope John Paul II, the cardinal claimed the government “has the obligation to resolve all its controversies by the use of peaceful methods.”
Thursday, November 12th 2009 - 09:29 UTC
Argentine government monthly report: “signs of slow recovery”

Argentina’s cabinet chief Aníbal Fernández reported there were signs of “a slow recovery” in the economy, during his monthly address to the Congress. “The usual soothsayers were wrong in their predictions,” he said, claiming that GDP fell less abruptly in Argentina than in Peru, Chile or even Brazil.
Thursday, November 12th 2009 - 09:25 UTC
US dollar role as reserve currency “intact” but Yuan becoming an alternative

World Bank President Robert Zoellick said that the dollar's role as a reserve currency is intact, but the United States cannot take it for granted and needs to tackle its huge fiscal deficit.