| Enel Green Power signs agreement in Chile |
| Enel Green Power, through its subsidiary Enel Latin America (Chile) Limitada, has signed a project development agreement with SoWiTec Energias Renovables de Chile Ltda, an affiliate of the German developer SoWiTec international GmbH, to develop several wind power projects in Chile for a total capacity of up to 850 MW. |
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| Canada: Recession continues to hit economy |
| The giant Canadian telecommunication Nortel\'s bankruptcy protection file was yet another sign of the economic slowdown in the country. Canada registered in November a surplus of $1.3 billion in its trade balance. |
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| Middle East Petrochemical stocks enjoyed price hike in December |
| Middle Eastern petrochemical companies suffered from massive downturn in their value during 2008 mainly due to the global financial crisis. |
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| KPMG 2008 Revenues Grow 14.5% to US$22.7 billion |
| KPMG, the global network of professional service firms providing audit, tax and advisory services, today announced that member firm combined revenues increased to US$22.69 billion for the fiscal year ending September 30, 2008, versus US$19.81 billion for the prior fiscal year, reflecting double-digit growth across all of KPMG’s service lines. |
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| FED rates, fixed income and the USD forecast. |
| The deterioration in the U.S. economy is a fact. Stagfalation fear is well in place, adverse financial market developments is seen almost on a daily basis, and the worst news re the housing market is yet to come. |
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| ACTE Expands its Commitment to the Central and Latin American Community |
| The Association of Corporate Travel Executives (ACTE) has further solidified its commitment to the Central and Latin American business travel community by announcing the addition of two new members to the ACTE staff in the region. |
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| Moody\'s: stable outlook for Argentine bank ratings |
| According to its annual report on the Argentine banking industry, Moody\'s Investors Service says that the ratings of the country\'s banks have a stable outlook. |
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| Moody\'s: stable rating outlooks for Brazil\'s banks |
| Moody\'s Investors Service\'s ratings for the
major Brazilian banks have stable outlooks, according to its annual
report on the nation\'s banking system. |
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| Israeli water industry growing |
| Most of the Middle East countries have to tackle water problems as water scarcity becomes apparent. |
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| Construction works begin on Potosí-Uyuni highway |
| Construction work started on the Potosí-Uyuni highway with US$75 million in financing from the Andean Development Corporation together with local funds of US$33.2 million. |
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| Moody\'s: Outlook Positive on Colombian Bank Ratings |
| Moody\'s Investors Service changed the outlook
to positive from stable on its Ba3 long-term foreign currency deposit
ratings for Bancolombia, S.A and Banco de Bogota, S.A. following a
similar action on Colombia\'s foreign currency deposit ceilings today. |
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| DeepOcean wins Petrobras contract |
| DeepOcean ASA and its Brazilian partner Comphania Brasileira de Offshore (CBO) have been awarded a contract by Petrobras in Brazil.
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| Moody\'s: Latin American bank loan diversity adequate on average; no rating implications |
| In its first survey of loan diversity among
Latin American banks, Moody\'s Investors Service finds that their credit
portfolios are more concentrated than those found in North America, yet
are less so than those of their peers in Asia, especially in terms of
core profitability.
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| Moody\'s reviews local-currency ratings of BankBoston Uruguay S.A. for |
| Moody\'s Investors Service has placed on
review for possible upgrade the Ba2 long-term global local currency
deposit ratings of BankBoston Uruguay S.A , as well as its Aa3.uy
local-currency national scale deposit ratings.
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| Moody\'s assigns first-time ratings to Banco Bandes Uruguay S.A. |
| Moody\'s Investors Service assigned a bank
financial strength rating (BFSR) of E+ (E plus) to Banco Bandes Uruguay
S.A (Bandes Uruguay), a wholly-owned subsidiary of Banco de Desarrollo
Económico y Social de Venezuela (Bandes).
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| Moody\'s Reviews For Upgrade Long-Term Foreign-Currency Ratings Of Brazilian Banks |
| Moody\'s Investors Service has placed on review for possible upgrade the long-term foreign-currency deposit ratings of certain Brazilian banks. |
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| World Bank OKs US$26 million to promote innovation and improve Uruguay’s competitiveness |
| The World Bank’s Board of Directors has approved a US$26 million loan to Uruguay in order to implement the Promoting Innovation to Enhance Competitiveness Project.
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