Accumulated inflation in Argentina over the last 12 months by the end of July was 28%, with food prices having risen 39% in that period and index-linking already beginning to take place, according to economist Carlos Melconian.
Vote intention for Uruguay's main opposition party continues to inch upwards according to the latest public opinion polls while the ruling coalition suffers sustained but gradual erosion. Uruguayan presidential and congress elections are scheduled for October 2009.
Sea ice in the Arctic Ocean has melted to its second lowest level since satellite observations began according to the National Snow and Ice Data Center in Boulder, Colorado. The extent of sea ice in the Arctic is down to 2.03 million square miles and the lowest point since 1979 is 1.65 million square miles set last September.
Canadian Maple Leaf Foods faces millions of dollars in demands from a class action lawsuit following an outbreak of listerosis (meat poisoning) linked to the company's Toronto meat plant and which allegedly is responsible for the death of at least 15 people.
An aerial survey by United States government scientists in Alaska's Chukchi Sea has recently found at least nine polar bears swimming in open water, with one at least 60 miles from shore, raising concern among wildlife experts about their survival, reports Science Daily.
A major initiative that involves mapping out the geological resources in Canada's Arctic was announced with great media display this week in Ottawa. Prime Minister Stephen Harper said state-of-the-art geological science and technology will be used to map the energy and mineral potential of the North.
Australia has backed Chinese aluminum giant Chinalco's recent purchase of an 11% stake in Anglo-Australian mining giant Rio Tinto.
Have you ever noticed that herds of grazing animals all face the same way? Images from Google Earth have confirmed that cattle tend to align their bodies in a north-south direction.
Uruguay suspended a Spanish pulp mill forestry plans following the discovery the group had cleared hectares of natural forest to have it replaced by eucalyptus. An investigation will determine the fine and reparation work the ENCE group will have to undertake.
Rockhopper Exploration plc the AIM traded (RKH) oil and gas explorer with licences in the North Falkland Basin, is pleased to provide an update on further technical work on the 3D seismic collected over licences PL032 and PL033 along with an operational update.