Spain ended 2011 with record high unemployment, according to data released Tuesday as the new conservative government of Prime Minister Mariano Rajoy considers additional austerity measures to reduce the budget deficit.
Devon Energy Corp announced Tuesday the sale to China’s Sinopec of a one-third stake in five shale projects in the United States. The terms of the deal call for China’s No. 2 oil company to pay 900 million dollars in cash to the US firm and contribute 1.6 billion toward the cost of drilling.
The US government is ending a three-decade-old policy of subsidizing corn ethanol, but it appears that the loss of the 6 billion dollars annual benefit will have little impact on farmers.
Brazilian auto sales rose 2.9% to a record 3.4 million units in 2011, compared with the previous year, the daily O Estado de S. Paulo reported Tuesday, quoting industry sources.
GlaxoSmithKline Argentina Laboratories company was fined 400.000 Pesos (approx 90.000 dollars) by Judge Marcelo Aguinsky following a report issued by the National Administration of Medicine, Food and Technology (ANMAT) for the killing of 14 babies during illegal lab vaccine trials conducted between 2007 and 2008.
Iran’s President Mahmud Ahmadineyad who is scheduled to begin next week a tour of several Latin American countries will also be attending the inauguration of Guatemalan president Otto Perez next 14 January according to future Foreign Affairs minister Harold Caballerso.
Chilean President Sebastián Piñera assured on Tuesday that several forest fires in Torres del Paine, Chilean Patagonia, were “under control” and announced that the national park will partially reopen as of Wednesday. It has remained closed since last Friday when the fire went out of control.
The Russian government approved import quotas for meat in 2012, according to a resolution published on Tuesday, reports Meat Trade Daily.
Food prices may ease in 2012 due to a slowing global economy, though no drastic drop from high levels is expected, the new director-general of the UN's Food and Agriculture Organisation said on Tuesday.
Uruguay authorized the Royal Navy Ice Patrol HMS Protector into Montevideo because it complies with normal procedure in spite of the fact that its next port of call is Stanley in Falklands/Malvinas.