The European Union said that member nations Cyprus and Malta are prepared to introduce the Euro next January first, which will bring to 15 the number of nations sharing the currency.
United States wheat futures soared Wednesday as Argentina stirred up fears about global tightness by announcing a suspension of wheat export registrations until it assesses the impact of recent frosts.
Venezuelan President Hugo Chavez broke off relations with Colombia on Wednesday, vowing not to restore ties as long as President Alvaro Uribe is in power after the collapse of mediation talks with leftist rebels.
Argentine fish and shellfish exports during the first ten months of 2007 dropped 14% in volume and 15% in value compared to the same period a year ago, according to statistics from the National Food Safety and Quality Service (SENASA).
European Union farm ministers gave a fairly warm welcome this week to a blueprint for reforming agriculture policy, focusing on ideas for making countries spend more on rural development and planned subsidy ceilings for large farms.
Chile is implementing an early alert system to detect Red Tide (mr-SAT) that should be operational beginning January 2008 was announced Wednesday by the country's National Fisheries Service (SERNAPESCA).
The governments of Chile and Argentina will sign an agreement this week pushing forward the development of another massive bi-national mining project. The deal is intended to hurry approval of work at Las Flechas mineral deposits by using existing treaties and protocols to govern its construction.
The European Union trade commissioner warned that China needs to close the trade gap if it wants to prevent a backlash in Europe. Peter Mandelson said that China has become the EU largest trading partner and this status must make Beijing assume real responsibilities.
Resources giant BHP Billiton said Wednesday it still hoped rival Rio Tinto would warm to its uninvited takeover bid, despite opposition from customers who fear it will lead to a stranglehold on prices.
Guyana has offered to preserve its entire rain forest with control going to a British-led international group in return for economic aid.