Iranian moves to solidify ties with Venezuela, Bolivia and other leftist governments in Latin America have sparked increasing concern in the United States.
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Russia writes off 93 percent of the Iraqi debt. The amount equals 12 billion dollars. The rest of the Iraqi state debt to Russia in the amount of 900 million dollars will be restructured for 17 years, as Russia’s Finance Minister Aleksey Kudrin said. The agreement on the regulation of Iraq’s state debt to the Russian Federation was signed on February 11, 2008.
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OJSC MMC Norilsk Nickel ("Norilsk Nickel") and LionOre Mining International Ltd. ("LionOre") (Toronto Stock Exchange symbol: "LIM"; London Stock Exchange symbol: "LOR"; Botswana Stock Exchange symbol: "LIONORE") today announced that they have entered into a support agreement in connection with Norilsk Nickel's previously announced offer to acquire all of LionOre's outstanding common shares in a friendly, all-cash transaction for total consideration of approximately Cdn$6.8 billion, or Cdn$27.50 per common share.
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China has signed $80 million worth of economic agreements with its new ally Chad as a part of a diplomatic tour of Africa. The Chinese foreign minister has made stops in Benin, Equatorial Guinea and Guinea Bissau, offering the countries aid and projects. Some analysts warn that human rights and development may suffer from unconditional economic deals with China, while others say the competing interests could benefit the countries' economies. Kari Barber reports from our West and Central Africa bureau in Dakar.
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