A soy bean bumper crop in South America in early 2010 will ease world reserves of grains, currently at very low levels, and will also have an impact on international prices according to Oil World.
Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity
Brazilian President Lula da Silva said Monday that the decision on the purchase of 36 fighter jets for the Brazilian Air Force (FAB) will be made in early 2010. The three competing models being considered are the Rafale, from France’s Dassault, the F18 Super Hornet from US Boeing and the Swedish Gripen, from Saab.
Rio Tinto Alcan, a unit of global mining giant Rio Tinto said on Monday it could invest up to 2.5 billion US dollars in a potential aluminium smelter in Paraguay. Rio Tinto Alcan said it had begun negotiations on a possible power purchase agreement for the potential smelter.
Mexico’s credit rating was cut one level by Standard & Poor’s after tumbling oil output and the worst recession since the 1930s swelled the budget deficit.
Argentina will set aside 6.5 billion US dollars of its foreign currency reserves to ensure the country meets its 2010 debt payments, the government said on Monday. The move is seen as an attempt to lower costs for issuing new debt, ahead of a complicated year.
United States and Brazil agree ousted Honduran president Manuel Zelaya must have safe passage to leave Honduras and want the country's de facto president to step down to pave the way for national reconciliation, a senior Brazilian official said on Monday.
Japan is extending Uruguay a grant of 8.5 million US dollars to finance a solar power project, according to official Japanese sources. Japan’s Foreign Affairs minister Katsuya Okada and his Uruguayan counterpart Pedro Vaz signed the document Monday.
Employment in the Euro-zone shrank during the third quarter and October industrial production also contracted 0.6% on a month-on-month basis, according to the latest release from Eurostat, the European Community Statistics Office.
A quarter of a century after the return of democracy, the Brazilian government is seriously considering naming a “truth committee” to look into the torture crimes committed during the 21 year military dictatorship (1964/1985) and which were never taken to court.