Stories for May 2012

Tuesday, May 22nd 2012 - 06:05 UTC
Exports of heifers booming as China build ‘factory-modelled” dairy farms

Agribusiness company Elders says it can't get enough dairy heifers from Australia to supply China's growing demand and for the second consecutive year, a record shipment of 100,000 cattle will sail from dairies in Australia, New Zealand and Uruguay.
Tuesday, May 22nd 2012 - 06:00 UTC
Argentine frozen chips retained in the border because of trade dispute with Brazil

Canada’s Mc Cain has suspended production of frozen chip potatoes in Argentina because of the trade barriers which impede exports to Brazil in the framework of a bilateral dispute that is limiting the flow of goods both ways.
Tuesday, May 22nd 2012 - 05:56 UTC
UK company begins hydrocarbons prospecting in the Paraguayan Chaco

Amerisur Resources Plc, the oil and gas producer and explorer announced on Monday it has received a Prospecting Permit by Paraguay’s Ministry of Public Works and Communications for the Espartillar block in the Paraguayan Chaco.
Tuesday, May 22nd 2012 - 05:52 UTC
Price of oil picks up after China announces it will bolster economic growth

The price of oil rose for the first time in seven days in New York after China pledged to boost the nation’s economy and Goldman Sachs Group Inc. said the balance between supply and demand of crude is tightening.
Tuesday, May 22nd 2012 - 03:47 UTC
Argentina’s 12-month inflation expectations remain steady above 30%, says UTDT

Argentina's 12-month inflation expectations held steady for a third straight month at over 30% in May, according to the median estimate in a survey published by the Torcuato Di Tella University.
Tuesday, May 22nd 2012 - 03:22 UTC
Brazil announces measures to boost sales of vehicles and stimulate growth

Brazil lowered taxes on consumer borrowing and created incentives for banks to boost vehicle lending as policy makers struggle to revive economic growth in the Latin America’s largest market.
Tuesday, May 22nd 2012 - 03:11 UTC
Banker launches another challenging controversial book with Germany as the “Euro-zone hostage”

Former German central banker Thilo Sarrazin, whose musings on Muslim immigrants sparked outrage in 2010 has triggered fresh controversy with a book that paints Germany as the Euro zone's hostage, forced to pay out vast sums to atone for the Holocaust.
Tuesday, May 22nd 2012 - 03:07 UTC
German oil company ignores YPF seizure and keeps expanding activities in Argentina

Germany's Wintershall, the oil and gas arm of chemicals group BASF, said on Monday it was unperturbed by the enforced nationalisation of Argentine oil company YPF, having just been awarded another oil and gas licence there.
Monday, May 21st 2012 - 06:39 UTC
Taiwan demands from Latam allies “fair, legal and effective” cooperation relation

Taiwan will continue to cooperate with Latin America as long as the relation is fair, legal and effective, said re-elected president Ma Ying Jeou who also described that links with Beijing will continue to be: “no unification, no independence and no arms”.
Monday, May 21st 2012 - 06:36 UTC
Chavez admits he is currently working 8 hours a day or less and resting to recover

Venezuelan President Hugo Chavez broke his weeklong silence to say that “unfortunately” he will not continue being that “runaway” horse that never slept, and said he now works only eight hours a day and sometimes less.