Stories for January 11th 2011
Lack of rainfall in Argentina is pushing up prices for corn and soybeans
Corn and soybeans advanced for a second day as dry weather stressed crops in Argentina, raising concerns the global deficit may be larger than estimated.
Inflation forces Argentina to urgent import of note bills from Brazil
A shortage of bills that has led to lines and protests outside Argentine banks since mid-December may be resolved by next week after the country boosted imports of notes printed in Brazil.
Car sales in Argentina soar 43% in 2010; exports increase 38%, mostly to Brazil
Total dealership car sales in Argentina rose by 43% year-on-year in 2010, the country's automobile manufacturers association Adefa said. This included both locally-produced cars and imports.
Germany knew in 1952 Nazi Adolf Eichmann was hiding in Argentina
The notorious Nazi Adolf Eichmann could have been caught sooner if Germany's intelligence agency had assisted, new information has revealed. The German Information Agency knew as early as 1952 that Eichmann, a chief organizer of the Nazi genocide against the Jews, was hiding in Argentina under a false name, the German tabloid Bild reported.
German bankers ready for the worst but confident they can cope with the situation
Billions in loans have succeeded in pulling Greece and Ireland back from the brink of bankruptcy. But many bankers are still expecting the worst. A new Ernst & Young survey reports that almost half of German banking executives think at least one Euro-zone country will go bust.
Japan committed to stabilize the Euro and ensure growth in EU bilateral trade
Japan is prepared to purchase over 20% of bonds that Euro-zone countries will be jointly issuing with the purpose of defusing tension and propping confidence in the Euro given the presistence of the European sovereign debt crisis, Finance Minister Yoshihiko Noda said on Tuesday in Tokyo.
FAO food prices index marks record; threat for global growth and social stability
The United Nation's Food and Agricultural Organization, FAO, global food prices index reached a record high in December, 2010 reported the organization this week. The FAO food index tracks a basket of 55 key food commodities including items such as wheat, cooking oil and fats and sugar.
