Stories for July 2012
The head of the Argentine Industrial Union, José Ignacio de Mendiguren, admitted that it's clear that the activity level has dropped, and warned that the construction-related sectors delay the new projects.
After two months of waiting, Brazil authorized the entry of apples from Argentina’s Alto Valle of Rio Negro and Neuquen. The news, which brings relief to local exporters, came after Argentina reopened its market to pork from Brazil.
Venezuela's President Hugo Chávez said on Monday he was fully recovered from cancer, three months before an election in which he is seeking another six-year term. Free, free, totally free, he told reporters when asked if he was free of the disease that struck a year ago.
The president of the Paraguayan Industrial Union Eduardo Filippo said it was essential for the country to establish negotiations outside Mercosur, following the suspension from the group by the remaining three members allegedly because of the rupture of the democratic order.
Morgan Stanley has cut its 2012-13 growth forecasts for Argentina and forecasts a sharp devaluation of the Argentine peso next year as the economy starts to unravel amid high inflation and policy missteps.
A second global food price shock is gathering steam as bad weather decimates crops in the farming giants US, Brazil, Argentina, India, Russia, the EU and Australia that feed the world, according to market analysts.
A Canadian cowboy hopes to join the ranks of the long riders as he rode out of Calgary, Alberta on Sunday for an epic journey to his birthplace in Brazil. Filipe Masetti Leite intends to spend the next two years riding his two horses, “Bruiser” and “Frenchie,” through 12 countries in North, Central and South America.
Michel Barnier, the European commissioner in charge of financial regulation, is expected to bring forward changes to his market abuse directive and regulation within in the next weeks, the Financial Times said on Monday.
The deputy governor of the Bank of England (BoE) has said he did not give Barclays instructions to lower its Libor submissions in 2008. Paul Tucker said no government minister had asked him to lean on Barclays over its inter-bank lending rates. But he also told MPs that the BoE and the government feared that Barclays may need a bailout.
Olympic Seafood AS has announced that its vessel ‘Juvel’ has recently completed its most successful Antarctic krill season ever, with record efficiency and a catch of the utmost quality.