Stories for October 18th 2010

Monday, October 18th 2010 - 22:47 UTC
Next Chilean ambassador to China promises to boost agriculture exports

Luis Schmidt, the recently appointed Chilean ambassador to China, is already speaking out about his goals and needs as ambassador to the country that has become Chile's largest trading partner. Last month he attended the closing of the World Expo in Shanghai and in January will relocate to China
Monday, October 18th 2010 - 22:42 UTC
Brazil becomes magnet for Chilean investors; trade in 2010 soars 66%

This year Brazil has emerged as Chile's largest trading partner in South America and one of the most important destinations for Chile's investment. Overall, trade between Brazil and Chile has grown 66%, while Brazil replaced Colombia as second highest location for Chilean Investment.
Monday, October 18th 2010 - 21:58 UTC
Rockhopper plans to raise £ 200 million for further oil drilling in Falklands

Rockhopper Petroleum Plc, an oil explorer focused on the Falkland Islands, plans to raise about £200 million (318 million USD) through a share placement to pursue additional appraisal of its Sea Lion prospect.
Monday, October 18th 2010 - 21:49 UTC
China insists that reforming the Yuan “will be a gradual process”

A senior IMF official tried to dampen talk of a global currency war, while China said it will stick to a gradual reform of its currency.
Monday, October 18th 2010 - 21:44 UTC
IMF chief warns about ‘capital flooding’ and ‘destabilization’

Capital flooding into Asia could lead to excessive exchange-rate moves, asset bubbles and financial instability, Domnique Strauss-Khan, the head of the International Monetary Fund, said in Shanghai Monday.
Monday, October 18th 2010 - 21:18 UTC
Brazil’s king-maker prefers to remain ‘independent”: decision favours Dilma

Brazil’s Green Party decided Sunday to remain independent in the presidential runoff election on October 31.
The third-place finisher in the first round, Marina Silva said she would not support either Dilma Rousseff, a former cabinet chief, or the opposition candidate, José Serra, a former governor of São Paulo.
Monday, October 18th 2010 - 20:52 UTC
Falklands/Malvinas: Argentina thanks Mercosur partners for renewed support

Argentine Foreign Affairs minister Hector Timerman thanked his Mercosur counterparts for “renewing their support towards Argentina for its legitimate, constant and unlimited right to claim the Malvinas Islands' sovereignty to the United Kingdom”.
Monday, October 18th 2010 - 04:00 UTC
Chile and Britain’s friendship has “deep historical roots”, says President Piñera

Chile and Britain’s friendship has deep historical roots and is projected into the future, said Chilean president Sebastian Piñera in London who on Monday is scheduled to meet PM David Cameron and later a trip to Buckingham palace for an audience with the Queen.
Monday, October 18th 2010 - 03:53 UTC
Oxfam: land grabbing and food-price volatility, main challenges to tackle hunger

UN countries began to find common ground on some important and deep-seated problems contributing to global hunger, at a meeting of the Committee on World Food Security (CFS) in Rome.
Monday, October 18th 2010 - 00:58 UTC
US drillers who reached the miners receive heroes welcome

Four United States drillers who helped free 33 Chilean miners from two months of confinement underground returned home to Colorado Saturday. The men were greeted by more than a dozen family members, who anxiously awaited their return.