Stories for 2010

Friday, August 6th 2010 - 03:01 UTC
Wheat futures soar as drought-stricken Russia halts grain exports

Wheat futures soared on Thursday after the world’s number three exporter the Russian Federation said it would temporarily halt grain shipments. The worst drought on record have devastated crops in parts of Russia and caused international grain prices to spike as markets anticipate a drop in global supplies.
Friday, August 6th 2010 - 00:50 UTC
Paraguay Senate waiting for political deal, postpones vote on Unasur membership

The Paraguayan Senate under opposition control postponed the consideration of Paraguay’s incorporation to Unasur, Union of South American Nations, without any mediate timetable to review the issue. The Senate also has it its “frozen” agenda a vote on Venezuela’s incorporation to Mercosur as full member.
Friday, August 6th 2010 - 00:34 UTC
IMF praises Brazil’s “carefully calibrated” policies and forecasts 7.1% growth

The International Monetary Fund reiterated its forecast for Brazil’s economy to expand 7.1% this year, as result of capital inflows and the expansion of credit. However the IMF also cautioned about the official credit policy of the country’s development bank.
Friday, August 6th 2010 - 00:28 UTC
Chinese auto maker planning a plant with a production capacity of 170.000 units

Chinese auto-maker Chery Automobile Co. will spend 700 million US dollars on a plant in Sao Paulo, Brazil's wealthiest state, the local newspaper o Estado de S. Paulo reported in its Thursday edition.
Thursday, August 5th 2010 - 21:10 UTC
South American countries gather to discuss reducing broad band costs

The economic development of Latin America has pushed technology experts to seek out a stronger technological network to suit the region’s changing needs.
Thursday, August 5th 2010 - 17:28 UTC
Foster Wheeler awarded engineer contract for Montevideo LNG receiving plant

Foster Wheeler AG (Nasdaq: FWLT) announced Wednesday that its Global Engineering and Construction Group has been awarded an owner’s engineer contract for a new LNG receiving terminal (the “GNL Del Plata” facility) to be built in Uruguay’s capital Montevideo.
Thursday, August 5th 2010 - 17:22 UTC
Chile advances in ‘bi-oceanic’ link projects with Brazil, Bolivia and Argentina

Chilean President Sebastián Piñera made his Mercosur debut this week at the regional trade association’s summit in San Juan, Argentina, delivering a well received speech and holding separate meetings with Bolivian President Evo Morales and Brazil’s Lula da Silva and Argentina’s Cristina Kirchner.
Thursday, August 5th 2010 - 16:26 UTC
Over fifty fishing vessels docked in Montevideo because of labour conflict

An estimated Uruguayan flagged fifty fishing vessels have been docked in Montevideo for over a month because of a labour conflict over a new work contract with the owners of the vessels and processing plants.
Thursday, August 5th 2010 - 16:20 UTC
Georgia to open embassies in Latam looking to attract investment

The former Soviet republic of Georgia plans to open embassies in Brazil and Mexico and will send a top delegation to the inauguration of Colombian president Juan Manuel Santos as it seeks to attract more foreign investment and to expand economic and political ties with Latin America, according to the Foreign Ministry.
Thursday, August 5th 2010 - 16:11 UTC
Japan rice stockpiles to reach the highest in eight years in 2011

Japan’s food rice stockpiles may reach the highest level in eight years at the end of June 2011, leading to a price drop and planting curbs by growers next year. Private and government inventories are forecast to climb 2.5% to 3.24 million metric tons from 3.16 million tons a year earlier, the Ministry of Agriculture, Forestry and Fisheries said in a report Wednesday.