Global food prices increased by 8% from December 2011 to March 2012 due to higher oil prices, adverse weather conditions, and Asia’s strong demand for food imports, according to the World Bank Group’s latest Food Price Watch.
Uruguay fish exports increased 20% in volume and the average ton price 22%, with Brazil, China and Nigeria as the main markets during the twelve months of 2011, according to a release from the country’s Aquatic Resources Department, Dinara.
Brazil's unemployment rate increased from the previous month in March, data released by statistical office IBGE showed Thursday.The unemployment rate increased to 6.2% in March from 5.7% in February. In March, 2011, the jobless rate was 6.5%.
Argentine Foreign Minister Héctor Timerman said the recent criticism from the European Trade Commissioner Karel De Gucht regarding the YPF expropriation is “unacceptable,” and assured that it “surprised him due to his tone and approach”.
Chile's government on Thursday proposed a sweeping tax reform that raises levies on companies to help fund an education overhaul, as it seeks to quell social protests ahead of local elections seen as a litmus test for the 2013 presidential race.
Argentina’s National Securities Commission, CNV, announced on Thursday that it will inform UK regulatory authorities on the legal actions to be undertaken by the Argentine state against oil companies “illegally operating in the Malvinas Islands”.
Argentine president Cristina Fernandez will be leading on Friday a massive demonstration of support in a Buenos Aires stadium in the midst of an international controversy over the seizure of 51% of YPF from Spain’s oil conglomerate Repsol.
As was anticipated in the Argentine 2012 Budget the government is appealing to Central Bank reserves to pay sovereign debts. According to a resolution published in the Official Gazette, a Treasury bill equivalent to 5.674 billion dollars will be repaid to the bank in several instalments during ten years.
US Assistant Secretary of State for Western Hemisphere Affairs Roberta Jacobson asked Argentina to go back to having a “positive” relationship with the international financial community and its creditors.
Venezuelan journalist Nelson Bocaranda said that for the first time President Hugo Chavez is thinking of naming his faithful Foreign Affairs minister Nicolas Maduro as his successor, given the seriousness of the cancer the leader is suffering.