Stories for October 23rd 2009
Latest News feedEuropean Parliament votes 300 million Euro support for dairy farmers
The European Parliament voted to provide €300 million for a fund to help dairy farmers. Earlier in the week EU Farm Commissioner Fischer Boel had proposed a 280 million Euros support. The decision follows weeks of protests by thousands of farmers over the low price of milk, including the spraying of milk onto fields.
Petrobras sells 4 billion US dollars in 2020 and 2040 bonds
Brazilian oil giant Petrobras on Friday launched 2.5 billion US dollars of 2020 bonds and 1.5 billion USD of 2040 bonds, in what might be the largest ever sale of corporate debt by a Brazilian company.
Brazilian financial sector “is crying with a full belly”
Brazilian Economy minister Guido Mantega said that the financial sector is “crying with a full belly” in direct reference to complaints about inflowing capital tax which was decided this week to prevent a foreign exchange bubble between the local Real and the US dollar.
Latam countries have to adapt to a more sluggish global economy, says IMF
Latin American and Caribbean countries are recovering from the global crisis, but at different rates, and growth is expected to return to the region as a whole in 2010, the IMF said in its Regional Economic Outlook released Friday in Sao Paulo.
Brazilian central bank leaves monetary expansion policy unchanged
Brazil’s central bank kept its key Selic interest rate at a record low 8.75% and said its level was “consistent” with a non-inflationary recovery, signalling that no increase in borrowing costs is imminent.
Typhoons were flown non-stop to the Falklands with support from ten aircraft
Senior officers from the Royal Air Force have paid tribute to squadrons across Britain following the successful deployment of four Euro-fighter Typhoons to the Falkland Islands.
Falkland Islands: Weekly Penguin News Update
Headlines: Doing it for themselves; No threat’ to airbridge as AIG economy nosedives, MoD tax dispute at the heart of Ascension row.
Botnia pulp mill in Uruguay transferred to world leading group UPM
Uruguay’s Botnia pulp mill in Fray Bentos and the eucalyptus plantation forestry company Forestal Oriental Uruguay have been transferred to UPM which is one of the world’s leading forest industry groups.
Valparaiso expecting fewer cruise ship tourists this summer
With the official tourist season starting on October 31, Chile’s main port Valparaíso tourism leaders say they are expecting 85.000 tourists cruise ship tourists this coming summer season. This figure is a considerable drop from previous years and could result in lower prices for tourism related services.
Zelaya’s return “Impossible”: no support from Congress, Justice or the military
Former Secretary General from the Organization of American States, (OAS), Cesar Gaviria said it was “impossible” for ousted Honduran President Manuel Zelaya to be reinstated since he lacks the support from the Supreme Court, Congress and the military
