Stories for April 26th 2012
Paraguay refrigerated beef exports to Brazil soared 202% during March compared to a year ago and is turning the giant neighbour into the main partner for the item replacing Chile, which ceased purchases following an outbreak of Foot and mouth disease a few months ago.
Kramers Mandate, a majestic 13-month-old weighing nearly 590 kg, commanded the highest price for a breeding bull in the 44-year history of an annual auction in Illinois, Midwest US.
European Trade Commissioner Karel De Gucht said Argentina is in for long term consequences after sending “shockwaves” internationally with the announced plans to expropriate 51% of YPF shares owned by Spain-based Repsol oil and gas company.
Far-right leader Marine Le Pen, who has emerged as a kingmaker in France's presidential race, sought to wrest concessions from President Nicolas Sarkozy by challenging him not to bar her party's way in parliamentary elections.
Committees of Argentina’s Lower House of Congress began a plenary session on Thursday in order to clear the YPF expropriation bill for debate, which was approved early morning by the Senate.
Oil explorer Borders & Southern boosted its available funds to help it analyse a gas discovery in the Falkland Islands, by raising £ 46 million through a share placing.
Venezuelan President Hugo Chávez returned home after 11 days of cancer treatment in Cuba as the state television showed images of the Head of State chatting with his vice president and other aides after arriving at Caracas' international airport early Thursday.
The IMF warned Latin America on Wednesday that favourable economic conditions are not for ever and called on the region’s countries to “rebuild defences” ahead of an uncertain economic future.
The processes of concentration, foreign ownership and land degradation came to be a central concern of supranational bodies and NGOs that warn, like the United Nations Organizations for Food and Agriculture Organization (FAO), of the “negative effects of these phenomena on food security, agricultural employment and the development of family farming.”
Brazil’s Lower house of Congress on Wednesday approved a bill that weakens the country’s benchmark environmental law protecting the Amazon and other areas, a move that some fear will lead to a spike in deforestation.