Stories for May 16th 2012
Paraguay’s meat exports totalled 285 million dollars in the first four months of the year, which makes it the second best four-months for the industry in recent years, said German Ruiz, head of the country’s Rural Association.
German Chancellor Angela Merkel fired Norbert Roettgen, the federal Environment minister who led her Christian Democratic Union to its worst-ever result in an election in Germany’s most populous state.
Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.
After having to abandon its oil and gas assets quest in Vietnam off the South China Sea India has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands
In a solemn ceremony Brazilian President Dilma Rousseff has sworn in the seven members of a Truth commission created to look into human rights abuses committed during the nation’s long dictatorship.
After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the whole day”.
Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.
Vice President Amado Boudou called for a ‘concrete reply’ to Argentina’s request for the International Red Cross to collaborate with the identification of the combatants fallen during the Falkland Islands conflict in 1982 and whose remains are buried at the cemetery in Darwin.
Despite their differences over how to drag Europe out of its current economic swamp, German and French leaders pledged to join efforts in reinvigorating growth in the continent during their first meeting on Tuesday.
The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.