Stories for 2009

Friday, October 16th 2009 - 05:25 UTC
Argentine wheat crop, and export surplus, lowest of 32 harvests

With the lowest wheat area in 111 years, Argentina expects a 2009/10 crop of 7.5 million tons, the worst in the last 32 seasons, which means exports, --and tax revenue--, will be ten times less than the 2007/08 crop according to the Argentine Rural Society Economics Department.
Friday, October 16th 2009 - 04:33 UTC
Overwhelming support for Brazil as member of the UN Security Council

Bosnia, Brazil, Gabon, Lebanon and Nigeria were elected Thursday to non-permanent seats on the United Nations Security Council. They will serve two-year terms starting January 1 and will participate in decisions ranging from deploying U.N. peacekeepers to imposing sanctions.
Friday, October 16th 2009 - 04:06 UTC
Uruguay committed to regional integration and a “better Mercosur”

Uruguay has no plans to abandon or become an associate member of Mercosur, but rather continue along the line established by President Tabare Vazquez which is doubling efforts “for a better Mercosur” said Foreign Affairs minister Pedro Vaz during a meeting with foreign correspondents in Montevideo.
Thursday, October 15th 2009 - 23:47 UTC
The vexing puzzle of Argentina, according to the Financial Times

An editorial comment from the Financial Times October 14th edition, “In a tango of debt” gives a good idea of what world markets think and feel about Argentina.
Thursday, October 15th 2009 - 12:13 UTC
India and Argentina sign nuclear cooperation and trade agreements

India and Argentina signed a civil nuclear pact and nine other agreements to help boost bilateral trade and investment. Argentine President, Ms Cristina Fernandez de Kirchner, on a state visit to India, signed the agreements after extensive discussions with Prime Minister, Dr Manmohan Singh.
Thursday, October 15th 2009 - 12:10 UTC
Brazil’s JBS en route to become world’s largest meat company

Brazil's JBS said on Wednesday the US Justice Department has approved the takeover of US-based Pilgrim's Pride paving the way for JBS to become the world's largest meat company.
Thursday, October 15th 2009 - 12:08 UTC
Arctic ocean an “open sea” free of ice within a decade

The Arctic Ocean will be an “open sea” almost entirely free from ice within a decade, newly-released data has indicated. Ice cover during the summer months will have entirely disappeared within 20 years, but most of the decrease will happen before 2020, leaving the Arctic Ocean clear for marine transport.
Thursday, October 15th 2009 - 12:03 UTC
Dow Jones closest at its highest since October 2008: 10.015

The Dow Jones Industrial Average has topped the 10,000 mark for the first time in a year. World markets were boosted by the news that US bank JP Morgan Chase reported a better-than-expected profit in the July-to-September quarter. The Dow closed up 144.8 at 10,015.86, its highest since October 2008.
Thursday, October 15th 2009 - 11:58 UTC
Bovespa index at new high, having advanced 76% so far this year

Brazil's Bovespa stocks index and currency, the Real, extended recent rallies Wednesday to end at fresh highs not seen in more than a year. The main Sao Paulo stocks index ended 2.4% higher at a 16-month high of 66,201 points.
Thursday, October 15th 2009 - 11:55 UTC
Argentina’s annual inflation estimated by private consultants in 14%

Argentine inflation was 0.7% in September according to the official controversial Statistics office, Indec. The figure released Wednesday as has been happening for years was disputed by private consultants that estimate an average between 0´9% and 1.3%.