Economy

Wednesday, August 17th 2011 - 07:14 UTC
African swine fever outbreak in southern Russia: 12.000 pigs to be culled

A state of emergency has been imposed in a district in the Krasnodar Region in south Russia amid a major out-break of the African swine fever, the regional emergencies centre announced Sunday.
Wednesday, August 17th 2011 - 07:13 UTC
Australian beef farmers set to benefit from McDonald plans to expand in China

Plans by McDonald’s Corporation to expand its store network in China could spell good news for Australia’s beef producers, according to the Aussie press.
Wednesday, August 17th 2011 - 07:06 UTC
Fitch reaffirms US sterling AAA rating but calls for political agreement

Fitch Ratings on Tuesday reaffirmed the United States' AAA credit rating. The move comes less than two weeks after Standard & Poor's downgraded the United States' long-term debt to AA+.
Wednesday, August 17th 2011 - 01:22 UTC
Paraguay attracted a billion dollars in private investment in three years

Over a billion dollars have poured to the Paraguayan private sector, mostly under the ‘maquila’ system in the last three years according to a report from the Ministry of Industry and Commerce.
Wednesday, August 17th 2011 - 01:06 UTC
Venezuelan creditors want cash and gold reserves ‘closer home’, claims lawmaker

Venezuela could transfer billions of dollars in cash and gold reserves held in U.S. and European banks to financial institutions in “allied” countries, claims opposition lawmaker Julio Montoya.
Wednesday, August 17th 2011 - 00:49 UTC
United States recovers position as world’s leading exporter of beef

The United States has recaptured its position as the world’s leading exporter of beef, outpacing Brazil and Australia, according to the latest statistics released by the US Department of Agriculture. Mexico a traditional market and Latin American countries proved to be among the most dynamic.
Tuesday, August 16th 2011 - 06:30 UTC
Takeovers’ glut and lack of cattle expose Brazilian leading meatpacker Marfrig

Brazilian leading meatpacker Marfrig will not be considering takeovers until 2012, Chief Executive Marcos Molina dos Santos said on Monday after the company posted a second-quarter net loss.
Tuesday, August 16th 2011 - 06:19 UTC
China wants to buy directly from Brazilian farmers, avoid intermediation

China, the second-largest buyer of soy in the world wants an end to intermediation by US multinational companies working in the sector and plans to invest purchasing directly from farmers in Mato Grosso and another five states in Brazil, according to the Brazilian press.
Tuesday, August 16th 2011 - 06:09 UTC
July official inflation in Argentina 0.8%; private estimates, 1.62%

Argentina's official inflation was up to 0.8% in July, the government reported on Monday, but private analysts said the real rate was about double that.
Tuesday, August 16th 2011 - 06:06 UTC
Industrial activity soars 9.3% in Argentina led by the auto production

Argentina's industrial activity in June rose 9.3% on the year led by automobile production, according to manufacturers association UIA (Argentine Industrial Union).