Argentina’s 2012/2013 grain and oilseed crop reached a record 105 million tons, announced President Cristina Fernandez underlining the excellent performance of the maize harvest and yields.
In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.
The Venezuelan parliament approved Bolivia’s protocol of adherence to Mercosur as full member thus clearing the way for the landlocked mostly indigenous populated country to become the sixth member of the South American trade block next to Argentina, Brazil, Paraguay, Uruguay and Venezuela.
Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive asset purchase program later this year but left open the option of changing that plan in either direction if the economic outlook shifted.
With more money in their pockets, millions of Chinese are seeking a richer diet and switching to beef, driving imports to record levels and sending local meat firms abroad to scout for potential acquisition targets among beef farmers and processors.
Argentine President Cristina Fernandez kept her tongue firmly in cheek as she referred to the record number of property acquisitions by Argentines in the United States, especially in the Miami area.
Chevron, the world’s second-biggest oil company signed the first agreement with Argentina’s government since it nationalized YPF in 2012 to help develop shale oil and natural gas in the Vaca Muerta basin of the Patagonian province of Neuquen.
The US Treasury Department said it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans by six months until July 1, 2014, giving foreign banks more time to determine how to comply.
The French oil and gas company Total confirmed that at the beginning of 2015 it will spud its first exploratory well in deep waters of the Uruguayan continental shelf, according to Juan Gomez, one of directors from the country’s fuel company Ancap.
Uruguay needs a quick resumption of Mercosur/European Union trade and cooperation talks because at the end of the year expire a number of tariff benefits for Uruguayan exports, revealed Foreign minister Luis Almagro.