Stories for November 21st 2011

Monday, November 21st 2011 - 07:16 UTC
Ecuador says it is breaking oil daily production record

State-owned oil company Petroecuador said it broke its daily production record on Tuesday 15 November, pumping 156.359 barrels of crude on that day. Production from Jan. 1 to Nov. 8 totalled 47,096,086 barrels of crude, Petroecuador said in a report.
Monday, November 21st 2011 - 07:10 UTC
Argentina forecasts 49.5 million tons of soybeans 12 million tons of wheat

Argentina's 2011-12 soybean area will likely rise 0.6% on the year to 19 million hectares, the Agriculture Ministry said in its weekly crop report. The forecast is the first from the ministry for soybeans, the country's top crop and export.
Monday, November 21st 2011 - 06:56 UTC
Brazil to further limit foreign ownership of land, says local media

Brazil's government is working on a new rule to further limit the purchase of farm land by foreigners, arguing that the current legislation has been “insufficient,” a Brazilian newspaper said on Saturday.
Monday, November 21st 2011 - 04:16 UTC
EU members settle for a budget increase of 2%; UK hails it as an ‘excellent deal’

The European Union has been forced to accept a 2% rise in its budget next year, much less than the increase it wanted of around 5%.
Monday, November 21st 2011 - 04:07 UTC
“Gold rush” in Brazil which has awarded 1.270 exploration licences

Private firms that invest in gold mining in Brazil will be pouring an estimated 2.4 billion dollars over the next four years, O Globo newspaper reported Sunday, citing official figures.
Monday, November 21st 2011 - 04:04 UTC
Chevron takes full responsibility for the oil spill offshore Brazil

Chevron promised to fully clean-up a spill off Brazil's coast, the CEO of the local subsidiary, George Buck, said on Sunday, taking responsibility for an accident that has become a major test for one of the world's fastest-growing oil frontiers.
Monday, November 21st 2011 - 03:59 UTC
Greek conservatives support austerity measures but refuse to sign document

Greece's creditors failed to persuade the leader of the main conservative party to drop his refusal to sign a pledge that he will back austerity measures under a bailout deal aimed at saving the country from financial ruin.
Monday, November 21st 2011 - 03:52 UTC
Chile opens ferry line linking Punta Arenas with Puerto Williams

The new ferry that links extreme south ports of Chile was officially presented in Puerto Williams and is already fully operational ahead of the summer season.
Monday, November 21st 2011 - 03:40 UTC
Overwhelming victory and absolute majority for Spanish conservatives

The conservative opposition People's Party (PP) won an overwhelming victory in Spain's election on Sunday as voters vented their rage on the ruling Socialists for the worst economic crisis in generations.