Stories for November 3rd 2010

Wednesday, November 3rd 2010 - 04:35 UTC
Argentine president reaffirms current “economic and social development model”

Argentine president Cristina Fernandez de Kirchner (CFK) vindicated and praised the economic model launched by her husband and predecessor, deceased former head of state Nestor Kirchner. She also promised to deepen the model.
Wednesday, November 3rd 2010 - 04:29 UTC
Chavez/Santos normalize trade and energy relations: “we need to work together”

Venezuelan President Hugo Chavez and Colombian counterpart Juan Manuel Santos agreed Tuesday to strengthen ties through energy projects as they sought to improve relations and leave behind recent bitter disputes.
Wednesday, November 3rd 2010 - 04:28 UTC
Bill to lift ban on cruise casinos and gambling while in Chilean territorial waters

A bill allowing cruise vessels to operate their on board casinos and other gambling activities while in Chilean territorial waters was presented Tuesday in the Chilean congress. The proposal is a long standing demand from the international cruise industry.
Wednesday, November 3rd 2010 - 02:05 UTC
Falklands Desire plans drilling a second vertical well at the Rachel prospect

Falklands’ Desire Petroleum announced that its sidetrack well in the Rachel prospect was exposed to a mechanical failure and therefore it will not be possible to obtain any wire-line logging data.
Wednesday, November 3rd 2010 - 00:27 UTC
China offers to finance US infrastructure and help create jobs

China’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.
Wednesday, November 3rd 2010 - 00:26 UTC
Accept reforms or “we will fall off the cliff” warns Raúl Castro

Cuban President Raul Castro told unionists to accept layoffs and reforms that open the way for private enterprise as necessary for the survival of socialism.
Wednesday, November 3rd 2010 - 00:18 UTC
Austerity and tough spending cuts in Lula da Silva’s last two months

Brazil’s Lula da Silva could implement a series of austerity measures and spending cuts during the last two months of his presidential period in order to leave an easier scenario for president-elect Dilma Rousseff, reported Folha de Sao Paulo newspaper.
Wednesday, November 3rd 2010 - 00:16 UTC
UK, France sign historic defence-sharing agreement including nuclear arms

After years of political division, Europe's two biggest military powers have come together to sign a historic defence-sharing agreement.