Rio Tinto has followed rival mining firms and says it is negotiating new iron ore supply contracts priced for three months rather than a year. The move ends years of tradition and is seen as a demonstration of the power the miners have over their customers.
Paraguay announced a record 2009/2010 soybeans crop of 7.48 million tons, which is larger that the 6.8 million tons of 2007/08.
South Korea's Agriculture ministry said Saturday that it has confirmed two more foot-and-mouth outbreaks on Ganghwa Island, 58 kilometres west of Seoul.
Major US banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York.
United States stocks rose Friday sending the Dow Jones Industrial Average briefly above 11,000 for the first time since September 2008, as growth in wholesale inventories added to signs the economy is strengthening.
Argentine president Cristina Fernandez de Kirchner, CFK, speaking before the United States Chamber of Commerce confirmed that the debt-swap is to be launched between Wednesday and Thursday of next week and strongly praised Argentina’s conditions “for making business and investing”.
Paraguay’s Ministry of Foreign Affairs confirmed Friday Egypt had lifted the ban on Paraguayan beef exports which was imposed last December.
Greek bonds and banking stocks took a massive hit on Thursday, driving the debt-stricken Euro zone member's borrowing costs to the highest level since Greece adopted the Euro currency.
Two women that were exiled during the last Argentine military dictatorship (1976/1983) got married Friday in Buenos Aires, the first wedding among lesbians in the country, reported the Lesbian, Gay, Bisexual and Transgender Federation of Argentina, or FALGBT.
Chile and Argentina pledged Thursday to deepen bilateral relations with visiting president Sebastian Piñera saying that “the best of our relationship is yet to come” and Cristina Fernandez de Kirchner anticipating that “ideological differences” won’t be an impediment to keep advancing in cooperation and joint projects.