Stories for May 2011

Saturday, May 21st 2011 - 09:14 UTC
US processor building 180.000 tons storage grain terminal in Uruguay

US agricultural processor Archer Daniels Midland Co said this week it was building a grain export terminal in Nueva Palmira, Uruguay, capable of loading large bulk shipments of corn, wheat, soybeans and soy-meal.
Saturday, May 21st 2011 - 09:06 UTC
Brazilian auto workers on strike demanding improved profit-sharing

Brazilian workers at a factory operated by the local unit of U.S. auto maker General Motors Co. walked off the job Friday, calling a 24-hour strike to protest the company's latest profit-sharing offer.
Saturday, May 21st 2011 - 03:19 UTC
Argentina closes squid fisheries until June 18 for conservation

Argentina’s Federal Fisheries Council, CFP, ordered the closure of the squid (Illex argentinus) fishery to the south and north of parallel 44° as from 21 May until June 18 because of a low resource biomass.
Saturday, May 21st 2011 - 03:09 UTC
EU and Latam lawmakers more positive about a trade agreement with Mercosur

The outcome of a two-day European and Latin America lawmakers’ meeting in Uruguay was considered very positive and a strong message to forward negotiations on the sensitive EU/Mercosur trade and cooperation agreement.
Friday, May 20th 2011 - 19:29 UTC
Brazil’s Golden Age–or Parade of White Elephants?

by COHA Research Associate Augustus Urschel.
The 2014 World Cup and 2016 Olympics.
Winning the 2014 World Cup and 2016 Summer Olympic bids continues to have both intended and unexpected consequences for this year’s miracle country. On November 28, 2010, Brazilian police and soldiers seized the Complexo do Alemão, a large favela in the Northern Zone of Rio, from drug lords.
Friday, May 20th 2011 - 10:42 UTC
Piñera submits bill to repeal financing military expenditure with copper exports

Chilean President Sebastián Piñera signed a bill which, if approved by Congress, would eliminate a substantial source of revenue for Chile’s Armed Forces. Under current legislation, 10% of all export revenues from Chile’s National Copper Corporation (CODELCO) are directed to the Superior Council of National Defence, to be spent on weaponry and equipment.
Friday, May 20th 2011 - 10:24 UTC
Uruguayan airline Pluna planning to open new domestic routes in Chile

For years LAN Chile has dominated the Chilean airways, but recent reports suggest Uruguayan based airline Pluna is hoping to open up new domestic flights within Chile, increasing the competition already offered by Sky airlines and PAL airlines.
Friday, May 20th 2011 - 10:16 UTC
China says new IMF chief should better represent emerging economies

The new leadership of the IMF should reflect changes in the world economic order and be more representative of emerging market economies, People’s Bank of China Governor Zhou Xiaochuan said on Thursday.
Friday, May 20th 2011 - 01:07 UTC
Falklands’ oil exploration companies expand early 2012 drilling program

Borders & Southern Petroleum has extended a contract for exploratory drilling in Falkland Islands waters to include at least another two wells, it was announced on Thursday by parties involved.
Thursday, May 19th 2011 - 22:30 UTC
Netanyahu rejects Obama’s proposal of Palestinian state on 1967 borders

Israeli Prime Minister Benjamin Netanyahu said US President Barack Obama vision of a Palestinian state on the borders of 1967 could leave the Jewish state “indefensible”.