Stories for November 26th 2010

Friday, November 26th 2010 - 23:59 UTC
Russia orders 3 million tons of Argentine animal-feed corn; first delivery January

Russia is interested in purchasing 3 million tons of Argentine animal feed corn to supply its domestic market following the catastrophic drought and fires suffered by the country during summer months in the northern hemisphere.
Friday, November 26th 2010 - 17:25 UTC
Repsol-YPF ready to sell another 15% of its Argentine branch

Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.
Friday, November 26th 2010 - 16:25 UTC
Mantega proposes “diluted” inflation index with no fuel or food items included

Brazil Finance minister Guido Mantega is proposing a “dehydrated” inflation index with the purpose of reducing interest rates faster under the incoming administration of president-elect Dilma Rousseff, reports the influential O Estado de Sao Paulo.
Friday, November 26th 2010 - 15:04 UTC
Rio’s favelas war has full support and logistics from the federal government

Brazilian president Lula da Silva promised full support from the federal government to Rio de Janeiro authorities involved in a clean-up operation to free the city’s shanty towns, favelas, from drug traffickers and organized crime.
Friday, November 26th 2010 - 14:55 UTC
Lula da Silva promises energy, communications and trade aid for Guyana

Brazilian President Lula da Silva announced Friday an ambitious integration program for its northern neighbor Guyana, on the sidelines of a regional presidential summit taking place in Georgetown.
Friday, November 26th 2010 - 14:47 UTC
Venezuela pays 690m USD for 81% of French Casino supermarkets in the country

Venezuela agreed to pay Casino Guichard-Perrachon SA 690 million US dollars for an 81% stake in the Saint-Etienne, France-based company’s local supermarkets, said Elias Jaua, vice president of the Venezuela’s official news agency, AVN.
Friday, November 26th 2010 - 09:46 UTC
Mexican distillery markets world’s most expensive tequila bottle: 3.5 million USD

A Mexican distillery from the state of Jalisco revealed Thursday what is believed to be the most expensive bottle of tequila in the world, estimated in 3.5 million US dollars.
Friday, November 26th 2010 - 05:39 UTC
Unasur ministers reach consensus on a “democratic clause”

Unasur Foreign Affairs ministers meeting in Guyana reached on Thursday a consensus on a “democratic clause” to be incorporated to the group’s charter with the purpose of preventing coups in the region. The draft will be officially presented to the twelve nations’ presidential summit.
Friday, November 26th 2010 - 02:22 UTC
Paraguay readies vote on Venezuela’s incorporation to Mercosur as full member

The Paraguayan Executive sent this week to congress a bill requesting the incorporation of Venezuela to Mercosur. Paraguay’s legislative confirmation is the last step to complete the long process, begun in 2006, for Venezuela to become a full member of the South American block currently made up of Argentina, Brazil, Uruguay and Paraguay.
Friday, November 26th 2010 - 02:18 UTC
Uruguay’s Lower House approves Unasur; Senate votes next Tuesday

Uruguay’s Lower House approved on Thursday the Unasur (Union of South American Nations) constitution protocol sending a strong message of support to the group’s summit in Guyana.