Stories for February 10th 2011

Thursday, February 10th 2011 - 06:39 UTC
Uruguay has the highest per capita milk consumption: 230 liters annually

Uruguay has the highest per capita consumption of milk in Latin America averaging between 225 and 230 liters. This compares favorably with Argentina’s 220 liters, Brazil’s 110 and Chile’s 100.
Thursday, February 10th 2011 - 06:26 UTC
Argentine minister recommends US diplomacy “to hire more competent employees”

Argentina’s Federal Planning Minister Julio De Vido referred to the recently published Wikileaks documents by Spanish newspaper El Pais, and advised the US embassy in Buenos Aires “to hire more competent employees” since performing a “cut-and-paste task from the yellow press is something any idiot can do.”
Thursday, February 10th 2011 - 06:22 UTC
NYSE Euronext and Deutsche Boerse announce merger proposal

Two of world's leading exchanges, Deutsche Boerse and NYSE Euronext, are in advanced talks about a merger. The deal would create the world's biggest stock exchange firm by revenue and profits and would be jointly based in New York and Frankfurt.
Thursday, February 10th 2011 - 05:55 UTC
London and Toronto tie-up plan to create world’s largest mining and energy stock market

The London Stock Exchange is to buy Canada's TMX to claw back lost market share and create the world's fourth-largest bourse trading 4.1 trillion US dollars of stock a year.
Thursday, February 10th 2011 - 05:50 UTC
Bernanke warns US job creation too weak and calls for budget discipline

US unemployment remains too high for policymakers' comfort despite signs of strength in the economic recovery, Federal Reserve Chairman Ben Bernanke said. In testimony to the US House of Representatives' Budget Committee that largely echoed a speech he delivered last week, Bernanke also warned about the dangers of unsustainable budget deficits.
Thursday, February 10th 2011 - 02:58 UTC
Wind farms programmed to supply 25% of Uruguay electricity grid

Uruguay intends to develop as many wind farms as its electricity grid can support, effectively diversifying its energy supply beyond hydropower and fossil fuels. At present, the country is in the process of installing 500MW of wind power projects.
Thursday, February 10th 2011 - 01:11 UTC
US plans 53 billion USD high-speed rail and intercity network investment

United States unveiled a strategy to spend 53 billion US dollars on high-speed rail and intercity network over the next six years. It's a plan that will, according to Vice-president Joe Biden, bring the US closer to giving 80% of Americans access to high-speed rail in the next 25 years.
Thursday, February 10th 2011 - 01:06 UTC
Hong Kong residential property the “most expensive in the world”

The Global Cities Survey, published by Savills PLC, reported last week that Hong Kong residential property is now the most expensive in the world. Based on the property price index contained in the survey, residential property in Hong Kong is 55% more expensive than property in London.
Thursday, February 10th 2011 - 00:58 UTC
South America/Arab countries business summit in Peru next April

The South American/Arab countries III Business Summit will take place April 19 and 20 in Peru confirmed the organizers of the event that was to be held parallel to the suspended South America/Arab leaders’ summit (ASPA) this month in Lima.
Thursday, February 10th 2011 - 00:54 UTC
Chile extends foreign exchange market intervention program to tame strong peso

The Chilean central bank announced Tuesday it would maintain the pace of a 12 billion US dollars foreign exchange intervention to tame the strong peso between Feb. 9 and March 8, and continue to buy 50 million of US currency daily.