Oil prices jumped on Wednesday to a new record high, 134 US dollars a barrel, on concerns about low US crude stockpiles, the weak dollar, supply constraints and increasing demand.
Argentine farmers said on Wednesday they are willing to discuss the controversial sliding levies on grains and oil seed exports but also cautioned they were looking forward to a grand national celebration in the scheduled Sunday rally at Rosario, and not another occasion of protest and claims.
With oil prices hitting new records almost daily, the nation's largest air carrier, American Airlines, announced drastic steps Wednesday to remain viable, including charging new fees for all checked baggage, slashing domestic flights and laying off thousands of workers.
A South American leaders' summit is scheduled for Friday in Brazil where the visiting heads of government and host President Lula da Silva will be signing the legal framework of the charter for the Union of South American Nations, Unasur.
Brazil's government managed oil and gas corporation Petrobras announced this week the presence of oil traces in pre-salt reservoirs, in ultra deep waters off shore Sao Paulo in the Santos Basin.
OPEC Secretary-General Abdullah El-Badri maintained on Thursday that the oil market has gone crazy and blamed the situation on geopolitical tensions, speculation and the weak US dollar. We want moderate prices.
The extinction of animal species, as well as the reliance on a narrow range of crops, is a major threat to the planet's development and security, Secretary-General Ban Ki-moon said Thursday in a statement to mark the International Day for Biological Diversity.
Paraguay's President elect Fernando Lugo and Uruguayan President Tabare Vazquez agreed to work jointly in Mercosur affairs to help improve the bargaining power of the junior partners that have repeatedly complained that the block has become a two member club, Argentina-Brazil.