Economy

• Wednesday, October 17th 2012 - 15:16 UTC

  Is Brazil the reservoir of future agriculture productive capacity?

  

  The following piece was published by Dorvers, CattleNnetwork and refers to the agriculture potential of Latinamerica and Mercosur largest economy. The column sources are Daryll E. Ray and Harwood D. Schaffer, Agricultural Policy Analysis Center, University of Tennessee, Knoxville, TN.

• Wednesday, October 17th 2012 - 05:31 UTC

  Investors are falling in love with Mexico while Brazil loses its ‘darling’ status

  

  The following article was published by Canada’s The Globe and Mail and gives an insight to investors thinking from the north regarding Latinamerica’s two largest economies, Brazil and Mexico.

• Wednesday, October 17th 2012 - 05:26 UTC

  The “State is back” in Latinamerica to lessen inequalities, says top UN official

  

  The ‘State is back’ in Latinamerica and will help establish social policies, diminish inequality and increase inclusion said the regional director of the UN Development Program, Herlado Muñoz during a seminar in Mexico City on “Youth participation and democratic governance in Latin America and the Caribbean”.

• Wednesday, October 17th 2012 - 05:13 UTC

  Paraguay begins drilling for oil in the Chaco next December

  

  Paraguay will begin exploring for hydrocarbons in the Chaco region, heartland of South America next 8 December, said oil consultant Mario Garnero after meeting on Tuesday with President Federico Franco.

• Wednesday, October 17th 2012 - 04:51 UTC

  Citigroup CEO who steered the bank through the crisis resigns immediate effect

  

  Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect. Mr Pandit is being replaced by Michael Corbat, who was previously the bank's chief for Europe, the Middle East and Africa.

• Wednesday, October 17th 2012 - 04:43 UTC

  Santander desists from purchase of 316 branches from Royal Bank of Scotland

  

  Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale, saying that the already-delayed deal could not be completed by the revised deadline.

• Wednesday, October 17th 2012 - 04:29 UTC

  Argentina minister blasts credit rating agencies for putting out “terrorist reports”

  

  Argentine Economy Minister Hernán Lorenzino ratified Wednesday’s down payment of the “Bonar X” dollar-bond for 200 million dollars and blasted credit rating agencies which along with speculators “set terrorist reports in order to make some profit out of it.”

• Tuesday, October 16th 2012 - 07:53 UTC

  Uruguayan government and supermarkets agree to keep 2012 inflation below 10%

  

  Uruguayan supermarkets pledged to help the government of President Jose Mujica to keep inflation below 10% at the end of the year even when in the first nine months of the year it reached 8.64%.

• Tuesday, October 16th 2012 - 07:42 UTC

  Paraguay confident it can recover the Chilean beef market as it has with Russia

  

  Paraguay expects a significant upsurge in beef sales this year, despite the reported outbreaks of foot and mouth disease, because of the strong demand from Russia, according to local analysts.

• Tuesday, October 16th 2012 - 07:29 UTC

  Soros suggests that if Germany does not lead, it should leave the Euro

  

  The European Union could be destroyed by the “nightmare” Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.