Stories for July 2010

Wednesday, July 28th 2010 - 17:54 UTC
Chilean fruit industry compensates smaller shipments with higher global prices

Despite sharp declines in the volume of exported fruits during the 2009-2010 season Chile’s fruit industry managed to offset those losses because of higher prices paid in foreign markets.
Wednesday, July 28th 2010 - 17:51 UTC
Venezuela’s Chavez confirms participation of Mercosur summit in Argentina

Venezuelan president Hugo Chavez office has confirmed he will be participating of the coming Mercosur presidential summit scheduled for next August 3 in San Juan, north of Argentina when the rotating chair of the block will be passing from Buenos Aires to Brasilia.
Wednesday, July 28th 2010 - 17:48 UTC
Brazilian military exercise to protect nuclear plants and vast offshore oil deposits

Brazil is holding military exercises along its Atlantic coast with the deployment of 10.000 troops from the three services to ensure the country can protect its nuclear plants and massive offshore oil industry.
Wednesday, July 28th 2010 - 06:59 UTC
Venezuela: only a “political negotiation” can end 60 years of violence in Colombia

Venezuela’ Foreign Affairs minister Nicolás Maduro revealed to Paraguayan officials that his country would be proposing in the coming Unasur meeting a “political negotiation” to end decades of political violence in Colombia.
Wednesday, July 28th 2010 - 06:55 UTC
Mujica/Mrs. Kirchner summit: River Uruguay waters are choppier than expected

Uruguayan president Jose Mujica will be meeting with his peer Cristina Kirchner Wednesday in Buenos Aires in what seems an attempt to unbind differences relative to the joint monitoring of the river Uruguay, particularly the Finnish pulp mill UPM/Botnia which is at the heart of the ongoing dispute between the neighbouring countries.
Wednesday, July 28th 2010 - 06:49 UTC
LAN Chile’s passenger and cargo businesses grow 24.5% and 60.3%

LAN Airlines, Chile’s flag carrier second-quarter net profit jumped to 60.6 million US dollars in line with market expectations, from 4.2 million USD a year earlier, the flagship carrier reported Tuesday.
Wednesday, July 28th 2010 - 02:51 UTC
Uribe rejects any “peace dialogue” with guerrillas; ‘no repeat of that mistake’

Outgoing Colombian president Alvaro Uribe criticized Tuesday the possibilities of a peace proposal with the Colombian guerrilla groups FARC and ELN and emphasized that Colombia will not fall into the trap of “internationalizing dialogue”.
Tuesday, July 27th 2010 - 23:51 UTC
Fitch upgrades Uruguay’s debt to BB, just below investment grade

Citing the “increased resilience to external shocks” Fitch upgraded Uruguay to BB from BB-, two levels below investment-grade and in line with Standard & Poor's. Moody's Investors Service rates Uruguay at Ba3, three levels below investment grade. Fitch last increased the country's rating in July 2007, taking it up one level from B+.
Tuesday, July 27th 2010 - 23:46 UTC
Argos Resources raised £ 22 million for hydrocarbons exploration in Falklands

Argos Resources with exploration licences in the North Falkland Basin expects its shares to be admitted to trading on AIM on Thursday 29 July. Argos Resources has raised £22 million (£20.6 million net of costs) in a placing of new ordinary shares at 31 pence per share which will give the company a market capitalisation of £67 million.
Tuesday, July 27th 2010 - 23:37 UTC
As Argentine economy picks up, imports soar and trade surplus is down

Argentina's trade surplus narrowed by 19% in June from the same month a year ago, falling short of market expectations as brisk economic growth fuelled demand for imports, according to official data released last week.