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Vale announced that will suspend the potash project called Rio Colorado in Argentina. The mining giant already had invested US$ 1.1 billion and was expected to put at least US$ 5 billion more. The Brazilian company did not blame specifically the YPF nationalization for the decision, but cited "political uncertainty" as one of the factors. According to Vale, the decision was made before the nationalization.

US suspends benefits to Argentinian exports US to buy wind energy from Mexico Codelco reports US$ 7 billion in profits Uruguay grew by 5.7% in 2011 América Móvil was the most profitable telecommunications company in 2011 LAN, TAM report US$ 24 million spending due to fusion OGX to deliver first shipping of crude

If you follow the collector car auction scene, you've by no doubt heard about the big broo-ha-ha surrounding title and paperwork issues that threatened to suspend the sale of as many of 80 cars out of the General Motors Collection.

Harley-Davidson is planning to divest its Italy-based MV Agusta unit and also discontinue the Buell motorcycles product line, as part of its go-forward business strategy to drive growth through a single-minded focus on the strengths of the Harley-Davidson brand.

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Prosecutors in Brazil are demanding $10.6bn (£6.8bn) from US oil company Chevron for environmental damage caused when one of its oil wells leaked off the coast of Rio de Janeiro. The prosecutors also asked the court to immediately suspend the operations of Chevron and its drilling contractor, Transocean, in Brazil. Brazil has already fined Chevron $28m for the spill on 8 November. A Chevron official said the company had not yet been notified of the suit.