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U.S. markets recover from steep losses
QUITO, Ecuador, Feb. 15 (UPI) -- Ecuadoran President Rafael Correa says "it's almost assured" China will finance at $2 billion hydroelectric power plant.
Correa, who met with Chinese Vice Premier Hui Liangyu Friday in Quito, called it "extraordinary news," the Latin American Herald Tribune reported Sunday. The Coca-Codo-Sinclaire plant is planned for Ecuador's Amazon region.
Correa said during his weekly radio and TV address that China wants "to invest a lot in the country," though details remain to be ironed out.
"They're ready to give us $1.7 billion in financing for Coca-Codo-Sinclaire," he said. "This is extraordinary news, it's almost assured."
He said China also is ready to take part in construction of an oil refinery, and roadways.
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JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
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LONDON, May 24 (UPI) --
Despite pressures on defense spending Britain is committing billions of pounds to two important but disparate programs.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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