Argentina's major soy businessman Gustavo Grobocopatel said that modern farming has nothing to do with rich against poor.
A report into the much-criticized activities of credit rating agencies has found conflicts of interest at the firms it studied. The US financial regulator, the SEC, found that the firms, which rate investments, had broken its rules.
Leaders of the world's richest countries meeting in Japan offered some hope on climate change with the announcement of a highly ambiguous shared vision to halve global CO2 emissions by 2050.
Ecuadorian Finance Minister Fausto Ortiz resigned on Tuesday after the government of president Rafael Correa seized two television stations, --which is announced it will manage temporarily--, and almost 200 other businesses in a dispute over debts stemming from a 1990s banking crisis.
Commenting on the outcome of the Group of Eight (G-8) Summit in Japan, the head of the United Nations Environment Programme (UNEP) said the world's richest countries had shown insufficient leadership on climate change.
The US Federal Reserve may extend into next year a facility that gives investment banks access to emergency cash if the financial turmoil persists. The lending facility was put in place in March to stabilize the financial system as Bear Stearns collapsed.
The Argentine government has plans to intervene in the administration of the country's largest airline and flag carrier Aerolineas Argentinas, which has been hit by a series of labor disputes, Buenos Aires media reported on Wednesday.
European Central Bank President Jean-Claude Trichet warned Wednesday that Euro nations are already seeing the first signs of an inflation price spiral and called on governments to help contain wage hikes that could fuel further price rises.
After the tight victory in the Lower House the Argentine government and the farmers are preparing for the decisive battle, on the controversial grains and oilseeds export taxes, in the Senate, where intense lobbying has begun and on independent accounts it's an open race.
Climate change is expected to be the focus of Tuesday discussions at annual talks between the Group of Eight major industrialized nations currently taking place in Japan.