Stories for August 31st 2011

Wednesday, August 31st 2011 - 08:25 UTC
Brazil releases funds to develop surface to surface missile system for the Army

The Brazilian government gave a clear signal Monday that is intends to advance in the consolidation of a defense industry in the country. A decree signed by President Dilma Rousseff releases 45 million Real in funds for the launching of the Astros Project 2020 to equip the Brazilian army.
Wednesday, August 31st 2011 - 08:14 UTC
Some indicators showing the Brazilian economy is slowing down

Brazil's economy showed new signs of a slowdown on Tuesday as steelmakers slashed their growth forecasts, the country's No. 1 airline scaled down its expansion plans and a new poll showed growing pessimism in the manufacturing sector.
Wednesday, August 31st 2011 - 08:11 UTC
Mexico’s Pemex gains strong position in Spain’s Repsol with voting alliance

Mexico's state oil monopoly Pemex said on Tuesday it aims to boost its access to top-end technology to explore for oil in the deep waters of the Gulf of Mexico by increasing its stake in Spanish oil firm Repsol.
Wednesday, August 31st 2011 - 02:11 UTC
Chile’s oil corporation to drill ten exploratory wells in Magallanes region

ENAP, Chile’s national oil and gas corporation announced it will invest 30 million dollars in drilling ten exploratory wells in Magallanes province, extreme south Patgonia and where the country’s main hydrocarbons resources are located.
Wednesday, August 31st 2011 - 01:25 UTC
HELL in New York!

Last night's USA debut of “HELL” (which is the German word for “Bright”), was perhaps a wake-up call to those who do not heed the warnings of global warming.
Wednesday, August 31st 2011 - 01:05 UTC
Exxon clinches Arctic oil exploration deal with a Russian government company

US oil major Exxon Mobil has clinched an Arctic oil exploration deal with Russian state-owned oil firm Rosneft. The venture seemingly extinguishes any remaining chance of UK’s BP reviving its own deal, which lapsed in May.
Wednesday, August 31st 2011 - 00:58 UTC
Hundreds of thousands remain without electricity in north east US and Quebec

The cleanup after tropical storm Irene continued Tuesday across the Canadian province of Quebec, where the storm washed out roads, downed power lines and possibly contributed to one death. An 81-year old man died after he disappeared for several hours during the storm northeast of Montreal.
Wednesday, August 31st 2011 - 00:53 UTC
IMF slashes growth forecasts for US and Euro zone; warns against higher rates

The IMF has slashed its growth forecasts for the United States and said the Federal Reserve and the European Central Bank must be ready to ease policy.
Wednesday, August 31st 2011 - 00:47 UTC
Warm reception for Strauss-Kahn in his first return to the IMF

Former IMF chief Dominique Strauss-Kahn apologized Monday to the institution's staff in his first return visit since charges of sexual assault against him were dropped last week. He was greeted with warm applause.
Wednesday, August 31st 2011 - 00:40 UTC
FAO urges readiness against possible major resurgence of H5N1 avian influenza

FAO urged heightened readiness and surveillance against a possible major resurgence of the H5N1 Highly Pathogenic Avian Influenza amid signs that a mutant strain of the deadly Bird Flu virus is spreading in Asia and beyond, with unpredictable risks to human health.