Stories for November 26th 2010
Russia is interested in purchasing 3 million tons of Argentine animal feed corn to supply its domestic market following the catastrophic drought and fires suffered by the country during summer months in the northern hemisphere.
Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.
Brazil Finance minister Guido Mantega is proposing a “dehydrated” inflation index with the purpose of reducing interest rates faster under the incoming administration of president-elect Dilma Rousseff, reports the influential O Estado de Sao Paulo.
Brazilian president Lula da Silva promised full support from the federal government to Rio de Janeiro authorities involved in a clean-up operation to free the city’s shanty towns, favelas, from drug traffickers and organized crime.
Brazilian President Lula da Silva announced Friday an ambitious integration program for its northern neighbor Guyana, on the sidelines of a regional presidential summit taking place in Georgetown.
Venezuela agreed to pay Casino Guichard-Perrachon SA 690 million US dollars for an 81% stake in the Saint-Etienne, France-based company’s local supermarkets, said Elias Jaua, vice president of the Venezuela’s official news agency, AVN.
A Mexican distillery from the state of Jalisco revealed Thursday what is believed to be the most expensive bottle of tequila in the world, estimated in 3.5 million US dollars.
Unasur Foreign Affairs ministers meeting in Guyana reached on Thursday a consensus on a “democratic clause” to be incorporated to the group’s charter with the purpose of preventing coups in the region. The draft will be officially presented to the twelve nations’ presidential summit.
The Paraguayan Executive sent this week to congress a bill requesting the incorporation of Venezuela to Mercosur. Paraguay’s legislative confirmation is the last step to complete the long process, begun in 2006, for Venezuela to become a full member of the South American block currently made up of Argentina, Brazil, Uruguay and Paraguay.
Uruguay’s Lower House approved on Thursday the Unasur (Union of South American Nations) constitution protocol sending a strong message of support to the group’s summit in Guyana.