Living in Peru : your everyday companion

Bush to promote action plan to deal with crisis

President George W. Bush, struggling to get ahead of a global financial crisis, hopes to win more converts for an action plan designed to demonstrate that governments have the will and the means to halt the turmoil.

Embarking Friday on what could be his final overseas trip as president, Bush was headed to a summit of the 21-nation Asia-Pacific Economic Cooperation forum in Lima, Peru. (Associated Press - Click here to see article)

CF Industries eyes $1 bln Peru petrochemical plan

Fertilizer maker CF Industries is looking to invest $1 billion to develop petrochemical plants in Peru, the company's president said on Thursday.

CF Industries, which has fertilizer and nitrogen plants in the United States and Canada, plans to build two plants in Peru -- an ammonia plant with a capacity of some 2,100 metric tonnes per day and a granulated urea plant with a per-day capacity of some 3,300 metric tonnes. (Reuters - Click here to see article)

China, Peru close to trade pact

China and Peru concluded their talks on a free trade agreement on Wednesday, upgrading the bilateral ties to a strategic partnership.

President Hu Jintao and his Peruvian counterpart Alan Garcia made the announcement after their official meeting.

The two leaders shared a toast of pisco sour, the Peruvian national drink made of brandy and lime. (China Daily - Click here to see article)

Bush seeks to bolster economic plan at APEC

President George W. Bush embarks Friday on most likely his final foreign mission: bolstering the nose-diving economy by rallying Asia-Pacific nations behind a united response. He is expected to emerge with modest gains, but world peers are peeking ahead to Barack Obama's administration.

In Lima, Peru, Bush's agenda will be strategically short at the Asia Pacific Economic Cooperation forum, a yearly gathering of Pacific Rim leaders. (Associated Press - Click here to see article)