MercoPress. South Atlantic News Agency
Stories for October 13th 2010
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Wednesday, October 13th 2010 - 00:57 UTC
Uruguay authorizes Stora Enso to build a pulp mill next to the River Plate
Uruguay announced that it will authorize Finland’s Stora Enso so build one of the world’s largest pulp mills but also warned about “wide ranging, strict supervision” of the environment to comply with international practice and to avoid problems with neighbouring Argentina, as happened with Botnia.
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Wednesday, October 13th 2010 - 00:54 UTC
August OECD unemployment slightly down to 8.5%; in Spain, 20.5%
As many as 45.5 million people were without job in August in the Organisation for Economic Cooperation and Development (OECD) region, reflecting sluggish labour market conditions in mostly developed nations.
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Wednesday, October 13th 2010 - 00:50 UTC
Home repossession in US a political “hot potato”; 1.2 million forecasted in 2010
The White House has ruled out a temporary ban on the repossession of homes, despite a growing row over alleged malpractice. Some US banks have already imposed their own moratorium on foreclosures while they investigate possible legal flaws in the eviction process.
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Wednesday, October 13th 2010 - 00:46 UTC
Japan announces new stimulus plan and measures to weaken the Yen
The Japanese cabinet has approved a plan to pump more than 60 billion US dollars into the country's struggling economy. The aim of the plan - which still needs approval from parliament - is to boost growth, jobs and spending.
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Wednesday, October 13th 2010 - 00:41 UTC
China replaces the US as the world’s largest energy consumer
China has become the world's largest energy consumer having overtaken the United States, the head of the International Energy Agency said on Tuesday.
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Wednesday, October 13th 2010 - 00:40 UTC
Chinese oil company sets foot on shale oil and gas field in Texas
Chinese oil company CNOOC has agreed to pay just over one billion US dollars for a 33% stake in a South Texas shale oil and gas field. CNOOC announced the deal with Chesapeake Energy Corporation, which will also see it fund 75% of Chesapeake's share of the costs until an additional 1.08 billion has been paid.
