The controversial Isla Riesco coal-mining project in the extreme south of Chile took another step forward last Friday when a high-level government commission gave final approval to the first of five mines, Mina Invierno.
Brazilian leading meatpacker Marfrig will not be considering takeovers until 2012, Chief Executive Marcos Molina dos Santos said on Monday after the company posted a second-quarter net loss.
The Mozambique government is providing large tracts of land at a symbolic price to Brazilian farmers to produce soy, maize and cotton, Mozambique’s agriculture minister, José Pacheco told Brazilian newspaper Folha de Sao Paulo.
China, the second-largest buyer of soy in the world wants an end to intermediation by US multinational companies working in the sector and plans to invest purchasing directly from farmers in Mato Grosso and another five states in Brazil, according to the Brazilian press.
US Ambassador to Brazil Thomas Shannon is returning to Washington to serve as acting Undersecretary of state for political affairs while the State Department awaits the confirmation of President Barack Obama’s nominee for the post, Wendy Sherman.
Over the weekend, Santiago Mayor Conservative Pablo Zalaquett made it clear that if the violence and destruction associated with student protests continues to escalate, intervention of Chile’s Armed Forces may be necessary.
Argentina's official inflation was up to 0.8% in July, the government reported on Monday, but private analysts said the real rate was about double that.
Argentina's industrial activity in June rose 9.3% on the year led by automobile production, according to manufacturers association UIA (Argentine Industrial Union).
Forensic studies conducted on the DNA samples found on the bodies of the two murdered French tourists in the Argentine northern province of Salta matched the samples extracted from one of the suspects in the double murder case.
The World Bank's chief economist for Latin America and the Caribbean said Monday that the bank is maintaining its 2011 outlook for the region's economic growth at about 4.5% despite concerns of a new global crisis.