United States Agriculture Secretary Tom Vilsack and US Trade Representative Ron Kirk announced this week that US producers are now eligible to ship a larger array of US beef and beef products to Chile.
Canada’s Export Development agency, (EDC) announced a 40% increase in its Latin American business volumes in 2010, reaching a record 10 billion Canadian dollars.
The United States economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3%, a government report showed.
Brazilian government is facing a political backlash over its apparent efforts to force out the head of mining giant Vale, the world’s largest iron ore miner. Opposition leaders on Thursday demanded Finance Minister Guido Mantega explain reports he asked a shareholder of Vale to help seek a replacement for CEO Roger Agnelli.
The International Monetary Fund said Thursday it will send a team to Argentina again next month to continue work on revamping the government's discredited inflation measure, and will provide specific recommendations.
Uruguay received 2.4 million tourists during 2010, 34% of which the capital Montevideo and if the cruise visitors are added the final number jumps to 930.000, according to Luis Polakof, head of the city’s Economic Development Department.
A bail of Uruguayan fine, clean wool, 14.4 microns, was sold at a record price of 37.76 a kilo. The ultra fine wool, (uncommon for Uruguay that has a flock mostly of Corriedale), was achieved based on a strategic alliance between the Merino breeders, the country’s Agriculture Research Institute, the textile industry and 51 farmers that signed in for the project.
EU leaders are grappling with a new Euro zone threat after Portugal's parliament rejected an austerity budget and PM Jose Socrates resigned. The vote means an international bail-out, similar to those accepted by Greece and the Irish Republic last year, is now far more likely.
Uruguayan beef exports should reach 1.4 billion US dollars in 2011 according to an announcement this week from the country’s Minister of Agriculture and Livestock Tabare Aguerre.
United States sales of new homes fell 16.9% last month compared with January and by a whopping 28% from the level of February 2010, the U.S. Commerce Department said. The February 2011 figure represents an annualized rate of 250,000 new home sales. Analysts had expected an annualized rate of 290,000.