Stories for April 2011
Pacific accord “no conflict” for Mercosur or Unasur, says Brazil
The pro-business block initiative that will be signed this week by Pacific countries leaders from Chile, Peru, Mexico and Colombia presents no potential conflict for Brazil or Mercosur said on Monday the Brazilian Foreign Affairs ministry.
Brazil needs a budget surplus and strong savings, recommends former president
It is not possible to control the value of Brazil's currency through taxes on foreign capital, former President Fernando Cardoso told the US network Consumer News and Business Channel, CNBC.
Rousseff admits she is “immensely worried” with inflation
Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.
Banco do Brasil moves into the US and buys Florida based bank
Latin America's largest bank by assets, Brazil's government-controlled Banco do Brasil will invest 25 million US dollars in its newly acquired U.S. operations as it continues to roll out its international expansion plan. The announcement follows the signing on Monday of a contract to buy Florida based EuroBank for 6 million US dollars.
Falklands’ Argos acquires 3-D seismic data prepares to drill late 2011, early 2012
Argos Resources Limited, the Falkland Islands based hydrocarbons exploration company, has reported that the company has completed the acquisition of 3-D seismic data over the entire area of its PL001 licence in the North Falkland Basin.
Argentine seafood exports down in volume but prices much stronger
Argentina’s seafood exports in the first quarter of 2011 totalled 78,493 tons valued at 218 million US dollars which represents a 14.9% in volume (92.220 tons) and 3.3% in value (211 million USD), according to the latest release from the National Service for Food Health and Quality, Senada.
Argentine jigger fleet discouraged, but statistics show 50% increase in squid catches
This year’s squid (Illex argentinus) season took off January first with encouraging catches in Argentina but then went sour with steady declines in volume according to the industry. However official figures show that total registered catches were up over 50%.
Brazil moving to cut share of inflation-linked federal debt bonds
Brazil's federal public debt rose in March as the government issued more debt than it redeemed and paid higher servicing costs, the national treasury said on Monday.
Falklands’ market garden approaches 25th anniversary against all odds
Almost twenty five years after its inception, and despite setbacks primarily brought about by Falklands/Argentine politics, the bustling market garden, Stanley Growers, on East Falkland Islands, now prides itself on being in the top three countries in the cruise ship catering world for the quality of its produce.
Rousseff further intervenes in Brazil’s leading corporation
Vale, the world’s largest iron-ore producer, named Brazil’s Deputy Finance Minister Nelson Barbosa, (a close ally of President Dilma Rousseff) as a member of the board after announcing earlier this month the replacement of its chief executive officer.
