Stories for November 16th 2010

Tuesday, November 16th 2010 - 23:33 UTC
Chile’s copper dependency has taken a turn for the worse: 55% of all exports

Chile’s long-term effort to wean itself away from copper dependency appears to have taken a turn for the worse: economist Hernan Frigolett reported that the booming demand for copper has led to extremely high prices (over US$4 per pound), meaning that copper accounted for 55% of the nation’s exports in the second quarter of 2010.
Tuesday, November 16th 2010 - 22:44 UTC
A “regulatory framework”, Lula da Silva’s farewell present for Brazilian media

Brazil is drafting a media bill that is geared to stimulate the participation of common citizens in the communications industry and preventing market rules from governing such a sensitive area, announced Social Communications minister Franklin Martins.
Tuesday, November 16th 2010 - 22:40 UTC
Cuba to further open its economy and eliminate double currency system

The Cuban government admitted it will have to amend several laws and decrees before implementing a plan of updating the Socialist economic model, the official Granma daily reported this week. This includes eliminating the double currency system.
Tuesday, November 16th 2010 - 22:35 UTC
Russia joins the oil rush in Cuba’s Gulf of Mexico coast

Russian energy firm Gazprom has joined a growing list of foreign companies searching for oil off Cuba's coast.
Tuesday, November 16th 2010 - 22:35 UTC
HMS Manchester first RN vessel to dock in Havana since 1959

Type 42 Destroyer HMS Manchester has become the first Royal Navy ship to make an official visit to Cuba since the country's 1959 revolution. The ship landed at the Sierra Maestra pier in Havana on Monday for the beginning of a five-day visit.
Tuesday, November 16th 2010 - 22:29 UTC
US cancel exchange of sensitive information with Argentina because of “leaks”

The Argentine government admitted that a confidential communication channel with the US on financial operations was interrupted mid 2009 following Washington’s suspicions that data sent to Buenos Aires was used for political purposes.
Tuesday, November 16th 2010 - 22:21 UTC
“Global crisis is not over, getting worse” says the richest man on earth

“The global crisis is not over, nothing has been solved, only patches to avoid the worst effects of a great depression”, according to Carlos Slim, the Mexican tycoon considered by Forbes the wealthiest man on earth, currently in Buenos Aires for a round of conferences.
Tuesday, November 16th 2010 - 12:07 UTC
“If the Euro fails, Europe fails”, warns Germany’s Merkel

German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.
Tuesday, November 16th 2010 - 12:05 UTC
New species of squid discovered in the southern Indian Ocean

A new species of squid has been discovered by scientists during a research cruise in the southern Indian Ocean. The 70cm-long specimen is a large member of the chiroteuthid family.
Tuesday, November 16th 2010 - 08:51 UTC
Rockhopper Exploration plc: Interim Results for the Six Months Ended 30 September 2010

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to announce its interim results for the six months ended 30 September 2010