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India’s Hypercity to set up 10 stores by 2011

Tue, 24 Nov 2009 03:58:00 GMT

NEW DELHI: Hypercity Retail India, which operates a chain of hypermarket format retail stores under the ‘HyperCITY’ brand across India, will invest over US$60 million to open 10 stores by 2011.

UK’s Majestic achieves good profits

Tue, 24 Nov 2009 00:50:00 GMT

LONDON: Majestic Wine recorded profit growth of 9 percent in the six months to 28 September, 2009 with United Kingdom like-for-like sales rising 6 percent.

Santiago’s airport expansion proposal

Mon, 23 Nov 2009 23:15:00 GMT

SANTIAGO: A US$800 million to US$1 billion expansion plan for Arturo Merino Benitez airport in Santiago includes a third runway, a light train within the airport, a high-speed train to Valparaiso and a connection to Santiago’s metro network installed by...

Peruvian food companies look to new products

Mon, 23 Nov 2009 23:09:00 GMT

LIMA: Agri-business Green Peru is exploring new products such as avocados, citrus fruit and pomegranates to cope with falling sales.

Peru GDP growth strong

Mon, 23 Nov 2009 23:06:00 GMT

LIMA: The Inter-American Development Bank (IDB) says Peru’s gross domestic product will grow 2 percent in 2009, outperforming the rest of the world and Latin America.

Oversupply in Colombian meat market

Mon, 23 Nov 2009 22:58:00 GMT

BOGOTA: A fall in meat exports has generated an over supply in the domestic Colombian market.

Urea and ammonium nitrate plants in Peru

Mon, 23 Nov 2009 22:55:00 GMT

LIMA: Nitratos del Peru has invested US$650 million to build a ammonium nitrate plant in Pisco, 250 kilometres south of Lima.

Chilean wine oversupply causes price pressures

Mon, 23 Nov 2009 22:50:00 GMT

SANTIAGO: During 2009 Chilean wine production was up 14 percent compared with 2008, causing the price of Chilean wine to drop.

Record high projected for Chilean kiwifruit production

Mon, 23 Nov 2009 22:43:00 GMT

SANTIAGO: The 2008-2009 kiwifruit production season is set to be a poor one for Chilean producers, but next season is looking good.

Chile’s CMPC evaluates cellulose production expansion

Mon, 23 Nov 2009 22:30:00 GMT

SANTIAGO: Chilean wood and paper company, CMPC, is evaluating projects to increase cellulose production and start generating electricity from biomass.

Argentine foot and mouth vaccine cleared

Mon, 23 Nov 2009 22:25:00 GMT

BUENOS AIRES: Argentine biotech and veterinary product manufacturer Biogénesis-Bagó has finally obtained authorisation to sell its anti-foot and mouth disease vaccine in Brazil, 11 years after starting the application process.

CIC invests in clean energy

Sun, 22 Nov 2009 22:52:00 GMT

BEIJING: China Investment Corporation (CIC), plans to invest more than US$1 billion in two clean-energy firms, The Wall Street Journal reports.

Improved growth forecast for China comes with warning

Sun, 22 Nov 2009 21:42:00 GMT

BEIJING: The Organisation for Economic Cooperation and Development (OECD) has upped its forecast for China’s growth. However, it also says the country needs to rein in credit growth to minimise inflation and stem possible bubbles.

Cold hits southern China

Sun, 22 Nov 2009 20:28:00 GMT

HONG KONG: Early snowfalls in southern China have caused economic losses estimated at US$1.03 billion, says the South China Morning Post.

GE in avionics JV to build Chinese jetliner

Tue, 17 Nov 2009 20:14:00 GMT

BEIJING: General Electric (GE) and Aviation Industry Corp of China (AVIC) have formed a joint venture to produce avionics systems, the Wall Street Journal reports.