Brazil's government may cut as much as much 60 billion Reais (32 billion dollars) from spending in 2012 in an effort to control its deficit and inflation, the Estado de Sao Paulo newspaper reported, citing unnamed Finance Ministry officials.
Brazil's government faces as much as 74 billion Reais (40 billion dollars) of unbudgeted expenses in 2012 stemming from lawsuits awaiting judgement at the country's Supreme Court, the Correio Brasilense newspaper reported on Sunday.
Saudi Arabia's largest dairy company announced it was buying Argentine farm operator Fondomonte for 83 million dollars to secure access to a supply of animal feed. The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of farmland just ahead of tough new limits to be imposed by Argentina's government on foreign ownership of productive land.
Argentina's economy should expand by 4.5% to 7.5% in 2012 according to the Central bank that also warned about the threat of the consequences of the Euro crisis. The bank’s latest approved monetary program states that the policies that have helped Argentina's economy boom over the last nine years will remain largely in place.
As a demonstration of support for Argentine President Cristina Fernandez who will undergo surgery for a thyroid carcinoma, the youth branch of the ruling Argentine Peronist Party has invited the Argentine people to donate blood to local clinics and hospitals.
Australia’s Malcolm Fraser Government considered taking British refugees from the Falkland Islands at the height of the South Atlantic conflict in 1982, reports the Sydney press based on the release of National Archives.
Peruvian fish exports generated during last October generated 206.2 million dollars which represents 42.1% more than in the same month of 2010 (145.1 million), while export volume jumped 42.8% from 89.200 to 127.400 tons, the Ministry of Production reported. The increases were primarily due to higher sales of fishmeal.
US Patent and Trademark Office (USPTO) this week granted Aker BioMarine’s request for re-examination of US patent number 8,030,348 assigned to competitor Neptune Technologies and Bioressources. The re-examination was approved for all 21 claims of the patent and in consideration of multiple references presented by Aker BioMarine.
An international arbitration panel has awarded US oil giant Exxon Mobil Corp 908 million dollars in compensation for Venezuela's 2007 nationalization of assets, less than 10% of what it sought in a dispute that pitted a top global oil company against one of the world's largest oil exporters.
French President Nicolas Sarkozy pledged in a grave New Year's message to find ways to pull the economy out of stagnation in the four months left before a presidential election and vowed no further public spending cuts.