Economy

Tuesday, March 6th 2012 - 05:33 UTC
Argentina’s top climatologist forecasts 20/21 million tons or corn this season

After back-to-back droughts, Argentine growers could have a record harvest of soybeans and corn next season as the La Niña weather phenomenon makes way for El Niño, one of the country's best-known forecasters anticipated.
Tuesday, March 6th 2012 - 05:23 UTC
Rousseff and Merkel exchange ideas on ‘monetary tsunami’ and ‘protectionism’

German Chancellor Angela Merkel replied on Monday to Brazilian president Dilma Rousseff claims that Europe is involved in a “monetary tsunami” arguing that developed countries are very concerned with Brazil’s protectionist measures.Merkel and Rousseff met at Hannover where the Brazilian president was invited to open a high technology event.
Tuesday, March 6th 2012 - 05:03 UTC
Paraguay exports to Argentina plunge 70%; ‘mirror’ countermeasures considered

Mercosur junior member Paraguay that is suffering the Argentine restrictions on imports and has seen its February exports plummet 70% is planning ‘mirror’ countermeasures but emphasizing on those products with greater impact for Argentina and lesser for Paraguay.
Tuesday, March 6th 2012 - 01:06 UTC
China targets 7.5% economic growth as it prepares for change of leadership

China expects economic growth of 7.5% this year as it looks for more sustainable expansion, prepares for a change in leadership and rides out a global slowdown. Premier Wen Jiabao unveiled the target at the start of the annual National People's Congress.
Monday, March 5th 2012 - 23:42 UTC
Brazil 2011/12 soy and corn crops estimates slightly lower to 69.5m and 60.4m tons

Brazil’s 2011/12 soybean and corn crops are forecasted to be slightly lower than the original February estimates according to the latest release from industry and market analyst.
Monday, March 5th 2012 - 23:12 UTC
US warns Argentina could loose trade benefits for not complying international investment rulings

United States could soon suspend trade benefits for Argentina warned on Monday an official from the Department of Commerce. US accuses Argentina of not paying awards in two long-running investment disputes with US companies following rulings from an international tribunal.
Monday, March 5th 2012 - 20:11 UTC
Argentina trade restrictions cut Uruguayan exports by almost half in February

Uruguayan exports to Argentina during the month of February plummeted 46.6% compared to the same month a year ago according to Uruguay’s Union of Exporters, which attributes the poor performance to the imports restrictions imposed by the neighbouring country.
Monday, March 5th 2012 - 19:54 UTC
Russia bans European cattle and hog imports because of Schmallenberg virus

Russia will ban shipments of Europe's cattle and hogs from March 20 due to an outbreak of the Schmallenberg virus, which causes birth deformities, said the Federal Service for Veterinary and Phytosanitary Surveillance, the country's food-safety watchdog.
Monday, March 5th 2012 - 19:40 UTC
Historic year for US beef exports in volume and value and first surplus since 2003

Last year was historic for United States beef exports in both volume and value terms, according to a report from the South Dakota University and released by Drovers Cattle Network.
Monday, March 5th 2012 - 19:32 UTC
Spanish unemployment keeps rising; dispute with the EC over the deficit target

The number of people claiming unemployment benefit in Spain rose by 112.269 in January, taking the overall figure to 4.7 million. Spain’s unemployment rate stands at 22.9%, the highest in the 17-nation Euro-zone.