Stories for November 2010

Thursday, November 11th 2010 - 00:16 UTC
Brazilian “competitive devaluation” risk for Uruguay’s exports

A leading Uruguayan economist warned Wednesday about the risks of being highly dependent on Brazil for foreign trade, particularly since the Uruguayan economy could “be trapped in a competitive edge island”.
Wednesday, November 10th 2010 - 22:42 UTC
Argentina squid landings up 14.9% compared to Jan-Oct 2009

Fisheries landings in Argentine ports totalled 594,949.9 ton inn the first ten months of 2010, which is 3.1% higher than in the same period a year ago, when landings reached 576,623.7 tons. The slight increase was due largely to improved catches of squid (Illex argentinus).
Wednesday, November 10th 2010 - 14:42 UTC
Upgraded HMS Edinburgh joins the fleet after £ 17.5 million refit

A ceremony marking HMS Edinburgh’s return to the fleet after a £17.5m upgrade took place at Portsmouth Naval Base last week. The Portsmouth-based Type 42 destroyer - which was out of action for 18 months for the refit - was “re-Christened” in a colorful re-dedication ceremony in front of hundreds of guests.
Wednesday, November 10th 2010 - 14:29 UTC
RN flagship HMS Ark Royal sets sail for a farewell tour

The Royal Navy flagship HMS Ark Royal, which was axed as part of the defence review, set sail yesterday for a farewell tour. The aircraft carrier is to be retired three years early as part of cost-cutting measures announced by the British Government last month.
Wednesday, November 10th 2010 - 14:16 UTC
Falklands government “satisfied and grateful” for UK level of defence

The Falkland Islands government said Wednesday in an official statement that it is “satisfied and grateful for the levels of defence on the Islands”.
The statement follows claims to the contrary from retired Royal Navy chiefs who argue the latest defence cuts make the Falkland Islands vulnerable to attack from Argentina.
Wednesday, November 10th 2010 - 06:14 UTC
Cuba prepares for the “orderly” elimination of ration cards effective since 1962

The Cuban government is proposing the orderly elimination of the rations’ card according to a document prepared for the ruling party Communist Congress scheduled for April 2011.
Wednesday, November 10th 2010 - 05:57 UTC
Latin America’s second largest bourse by market value is launched in Peru

The main securities exchanges in Chile, Colombia and Peru plan to begin trialling cross-border stock trading in an arrangement that may lead to the creation of Latin America’s second-largest bourse by market value.
Wednesday, November 10th 2010 - 05:36 UTC
EU fines eleven airlines 800 millon Euros for a global cargo cartel

Europe's competition watchdog hit 11 airlines with nearly 800 million Euros in fines Tuesday for running a global cargo cartel that included Air France-KLM, British Airways and Japan Airlines.
Wednesday, November 10th 2010 - 05:33 UTC
Contrary to expectations China’s October trade surplus soars to 27.2 billion

As world leaders prepare to debate international trade imbalances this week, China announced Wednesday that its trade surplus surged last month to a staggering 27.2 billion US dollars, a 61% increase over the 16.9 billion surplus in September.
Wednesday, November 10th 2010 - 05:28 UTC
China resists becoming the locomotive for the world economy, says IMF

China is resisting pressure to become a locomotive to pull the floundering US economy out of its hole, notably by stubbornly pegging its Yuan to the dollar, a senior IMF official said on Tuesday.