Stories for April 2011

Tuesday, April 26th 2011 - 02:20 UTC
Pacific accord “no conflict” for Mercosur or Unasur, says Brazil

The pro-business block initiative that will be signed this week by Pacific countries leaders from Chile, Peru, Mexico and Colombia presents no potential conflict for Brazil or Mercosur said on Monday the Brazilian Foreign Affairs ministry.
Tuesday, April 26th 2011 - 01:57 UTC
Brazil needs a budget surplus and strong savings, recommends former president

It is not possible to control the value of Brazil's currency through taxes on foreign capital, former President Fernando Cardoso told the US network Consumer News and Business Channel, CNBC.
Tuesday, April 26th 2011 - 01:49 UTC
Rousseff admits she is “immensely worried” with inflation

Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.
Tuesday, April 26th 2011 - 01:46 UTC
Banco do Brasil moves into the US and buys Florida based bank

Latin America's largest bank by assets, Brazil's government-controlled Banco do Brasil will invest 25 million US dollars in its newly acquired U.S. operations as it continues to roll out its international expansion plan. The announcement follows the signing on Monday of a contract to buy Florida based EuroBank for 6 million US dollars.
Tuesday, April 26th 2011 - 01:34 UTC
Falklands’ Argos acquires 3-D seismic data prepares to drill late 2011, early 2012

Argos Resources Limited, the Falkland Islands based hydrocarbons exploration company, has reported that the company has completed the acquisition of 3-D seismic data over the entire area of its PL001 licence in the North Falkland Basin.
Tuesday, April 26th 2011 - 01:25 UTC
Argentine seafood exports down in volume but prices much stronger

Argentina’s seafood exports in the first quarter of 2011 totalled 78,493 tons valued at 218 million US dollars which represents a 14.9% in volume (92.220 tons) and 3.3% in value (211 million USD), according to the latest release from the National Service for Food Health and Quality, Senada.
Tuesday, April 26th 2011 - 00:52 UTC
Argentine jigger fleet discouraged, but statistics show 50% increase in squid catches

This year’s squid (Illex argentinus) season took off January first with encouraging catches in Argentina but then went sour with steady declines in volume according to the industry. However official figures show that total registered catches were up over 50%.
Tuesday, April 26th 2011 - 00:45 UTC
Brazil moving to cut share of inflation-linked federal debt bonds

Brazil's federal public debt rose in March as the government issued more debt than it redeemed and paid higher servicing costs, the national treasury said on Monday.
Monday, April 25th 2011 - 18:59 UTC
Falklands’ market garden approaches 25th anniversary against all odds

Almost twenty five years after its inception, and despite setbacks primarily brought about by Falklands/Argentine politics, the bustling market garden, Stanley Growers, on East Falkland Islands, now prides itself on being in the top three countries in the cruise ship catering world for the quality of its produce.
Monday, April 25th 2011 - 07:54 UTC
Rousseff further intervenes in Brazil’s leading corporation

Vale, the world’s largest iron-ore producer, named Brazil’s Deputy Finance Minister Nelson Barbosa, (a close ally of President Dilma Rousseff) as a member of the board after announcing earlier this month the replacement of its chief executive officer.