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.
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.
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%.
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.
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.
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.
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.
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.
Argentina announced its full support to make the tip of the South American continent ‘a free movement of peoples’ area’ that would include Chile’s Magallanes region in the extreme south of the country and Tierra del Fuego, shared by the neighbouring countries.
Spaniards may hand the biggest majority in three decades to the conservative opposition People’s Party leader Mariano Rajoy, as polls suggest Europe’s debt crisis will push a fifth government from power.