Weather patterns associated with El Niño are sending mixed signals about the early prospects for cereal crops in 2016, especially in the Southern Hemisphere, according to FAO's Cereal Supply and Demand Brief, released on Thursday.
Net savings withdrawals in Brazil rose to a record high in January, with deposit outflows exceeding inflows by 12.03 billion Reais (some $3.09 billion), the Central Bank said Thursday.
Standard & Poor's ratings agency says that Argentina’s new administration has presented a credible plan to deal with long-standing macroeconomic imbalances, eliminated foreign-exchange restrictions, and begun negotiations with its holdout creditors. The outlook on the local currency rating is stable, reflecting the new economic policies of the Administration, but also the potential difficulties in passing and implementing those plans.
An estimated 58,000 cruise visitors have landed in Ushuaia, extreme south of Argentina during the current 2015/16 season which took off last 15 September, according to the Tierra del Fuego Tourism Institute. The largest number was concentrated in January, with an estimated 25.000, and this weekend promises to be equally busy with several vessels calling with 10.000 passengers.
The Falkland Islands government would not permit anything less than full and proper abandonment of exploration wells drilled by any operator in the Falkland Islands, stated Director of Mineral Resources Stephen Luxton this week, following news of a contractual dispute between Premier Oil and Ocean Rig over the drilling rig Eirik Raude.
Government-owned agrochemical firm China National Chemical announced this week an all-cash proposal to buy Swiss rival Syngenta for $43 billion in a deal expected to improve China's food production.
Brazil's corrupt government is hurting the country's business sector, including in agriculture, the head of one of the world's biggest tractor-makers said. Martin Richenhagen, chairman and CEO of Agco, manufacturer of Fendt, Massey Ferguson and Valtra machinery, claimed he tried, and failed, to persuade Brazil's government to speed up the payment of agriculture support programs used by farmers for funding equipment purchases.
Brazilian president Dilma Rousseff implemented a nationwide mandate this week allowing government health workers to enter private properties to crush Zika breeding grounds. Exterminators now have the right to inspect and disinfect households, even without the presence of its owners.
Argentina's main political force, Peronism, under the Justicialista party banner, announced that the party's elections will be held on 8 May, while the members of the electoral board set to oversee the election would be chosen during a meeting in Buenos Aires on February 24.
The ITUC has called the Trans-Pacific Partnership Agreement (TPP) a major setback for employment and workers’ rights prospects, and signaled the determination of unions in TPP countries to oppose it. After five years of secret negotiations, twelve Asia/Pacific-Rim Ministers signed the agreement today in Auckland, New Zealand, amid strong criticism from trade unions and other civil society organisations.