Stories for July 1st 2011
Expected bumper crop in US makes corn prices suffer its biggest fall in 15 years
The price of corn suffered its biggest fall for 15 years on Thursday, prompting speculation that the high cost of food may start to ease. Corn prices dropped 10% after a US Department of Agriculture report that farmers are sowing unexpectedly large amounts of the grain.
EU and Mercosur resume ‘formal’ trade negotiations next week
European Union and Mercosur delegates are scheduled to meet next week in Brussels for another round of negotiations with the purpose of reaching a trade agreement.
Renault plans to increase car production in Argentina by 60%
French auto maker Renault has plans to invest 400 million Pesos (100 million US dollars) to produce a new model geared towards the Mercosur market, Argentina's industry minister Debora Giorgi announced this week.
Fishermen recover giant dead squid off Florida coast
A trio of fishermen in the US state of Florida said they made an unusual find about 12 miles off the coast of Jensen Beach -- a dead giant squid measuring 23- to 25 feet.
Argentina is promoting the idea of an OPEC-like for lithium
Argentina is promoting the idea of an OPEC-like cartel for itself, Bolivia and Chile, which together control 85% of the world's reserves of lithium, a key component in electric car batteries.
Falkland Islands: Rockhopper Exploration plc PR
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to announce results for the twelve months ended 31 March 2011.
Setback for Argentina in New York court defaulted sovereign bonds case
Argentina suffered a setback over its US$100 billion debt default in 2002 when New York's highest court said the country should keep paying interest on some bonds even after they mature or investors demand their principal back early.
Qatargas will provide Argentina with LNG on a 20 year supply agreement
Qatar’s leading corporation Qatargas has signed an agreement with Argentina’s government owned oil and gas company, ENARSA for the long-term supply of liquefied natural gas (LNG).
British Gas doubles oil estimates off the coast of Brazil to 8 million boe
Reserve estimates in the Santos Basin off the coast of Brazil have an upside potential of 8 billion barrels of oil equivalent, an energy company in London said.
Desforestation in Brazil doubles, in anticipation of an amnesty for illegal logging
Deforestation rates in the Brazilian Amazon, the world’s biggest rain forest, more than doubled last month as farmers become more confident they’ll be granted amnesty for illegal logging.
