Argentina will cull 100,000 beavers which are devastating southern woodlands by gnawing down huge trees, officials said this week. The plague of big-toothed rodents has struck in the Tierra del Fuego province, a far southern region known as the End of the World.
Viacom Inc, the owner of Comedy Central, Nickelodeon and MTV, said on Tuesday it had bought Argentine broadcaster Television Federal SA (Telefe) from telecom carrier Telefonica SAfor US$345 million in cash. The deal to buy the Spanish-language network and content producer is part of Viacom's plan to boost its presence in Argentina and Latin America.
Brazil's annual inflation rate in October fell below 8% for the first time since February 2015, keeping the door open for small interest rate cuts as a deep recession lingers. Prices rose 7.87% in the 12 months through October, down from an annual increase of 8.48% in the previous month, statistics bureau IBGE said.
Donald Trump is expected to use his first meeting with a foreign leader as U.S. president-elect this week to try to reassure Japanese Prime Minister Shinzo Abe and other Asian allies rattled by his campaign rhetoric, advisers to Trump said. Abe, a political blue blood and veteran lawmaker, and Trump, a brash outsider with no diplomatic or government experience, have differences on policy issues such as free trade.
Brazil and Argentina production estimates are going up, but hailstorms ruined soybean and corn crops in Argentina’s Santa Fe Province. However, La Niña is forecast to be relatively mild this year, according to NOAA forecasters.
Cheaper imports from Mercosur and the recovering dairy market will push down EU beef production and prices, states in a long-awaited impact study released by the European Union. Dairy and pigmeat exports will see steady gains, says the report, which looked at the cost of 12 pending trade deals on EU agri-food markets.
World cereal production for 2016 should amount to 2 571 million tonnes, up marginally from FAO's October forecast and 1.5% above the 2015 output. The updated figure, released Monday in the Cereal and Supply Demand Brief, reflects a substantial upgrade of the outlook for world wheat production, which is now expected to rise to 746.7 million tonnes, a 4.3 million increase from FAO's October forecast.
Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.
Hugo Dolmestch, Chief Justice of the Chilean Supreme Court, must resign because he does not respect international humanitarian law, according to Alicia Lira, head of the Association of Relatives of Political Executees.
Despite what most Bolivians voted for on February 21, that is against the incumbent president being eligible to run for yet another re-election,