Stories for May 20th 2009
Latest News feedSoy prices set to increase because of poor crops in South America
World stocks of soybeans are set to decline steeply to a five year low of around 50 million tons at the end of the season (10 million tons less than a year ago), mainly because of smaller crops in the leading exporting countries of South America, according to Oil World.
Business climate in Latinamerica undergoes slight improvement
The business climate in Latinamerica experienced a slight improvement in the last three months having jumped from 2.9 points in January to 3.6 in April, although it is still one of the worst levels in seven years, reported the Brazilian Foundation Getulio Vargas
Worst of global crisis over, but early recovery unlikely, says Krugman
Nobel Prize laureate Paul Krugman said Tuesday in Korea the worst phase of the global economic crisis is over but massive lingering debts make any early recovery unlikely. “I share the optimism that the worst is maybe over” said Krugman in a speech to an international finance forum in Seoul.
Hundred of Argentines pay tribute to an honest taxi driver
Hundreds of Argentines have donated the equivalent of 32.000 US dollar to a taxi driver who found a bag with 32.500 US dollars in cash in his vehicle and returned it to its owners.
Argentine farmers look for profitable alternative crops
Argentine farmers are finding other crops which enable them to avoid the hyper sensitive wheat which has been one of the main clash areas with the administration of President Cristina Fernandez de Kirchner.
Punta del Este square meter prices remain steady
The value of the square metre in Uruguay’s most fashionable resort Punta del Este remains steady and experienced a slight increase in the last year according to an April report from ReporteInmobiliario.com, one of Buenos Aires leading real estate analysts.
European cruise industry cautiously optimistic
The cruise industry in Europe will grow in 2009, but at a slower pace than in the past three years due to the economic crisis, the European Cruise Council (ECC) predicts, reports Travel Weekly.co.uk.
