The Brazilian government increased its forecasts for what’s already expected to be a record season for soybean output and exports as farmers expand the planted area while yield prospects rise on above-average rainfall.
The director of one of the most reliable pollster organization in Argentina anticipated that the 22 November presidential runoff is still an open race despite the fact the incumbent candidate Daniel Scioli is running several points behind his rival and opposition candidate Mauricio Macri.
Argentina's former Secretary of Culture José Nun said that current poverty in the country is similar to that which preceded the 2001/02 crisis, and underlined that he would never vote for the presidential incumbent candidate Daniel Scioli, who was handpicked by outgoing head of state Cristina Fernandez.
Brazil's former central bank chief Henrique Meirelles said on Wednesday he was not invited to take over the finance ministry and insisted the government needs to push ahead with unpopular austerity measures to pull the economy out of recession.
Brazil's energy giant Petrobras offered striking workers a 9.54% wage hike on Wednesday in an effort to end a 10-day strike and prevent it from causing further production losses. But union officials said the deal makes almost no concessions on their most important demands. These include calls on Petrobras to reverse investment cuts and block planned assets sales designed to reduce Petrobras' debt.
Argentine defence minister Agustin Rossi has announced that negotiations for new fighter jets are under way, but will be left to the next government to purchase. Rossi’s decision comes only a day after the Argentine government announced the purchase of Israeli manufactured Kfir fighters.
Two nephews of Venezuela's first lady have been arrested in Haiti and taken to the US to face drug trafficking charges, US media reports say. Franqui Francisco Flores-de Freitas and Efrain Antonio Campo-Flores are accused of conspiring to smuggle 800kg of cocaine into the United States.