Economy

• Thursday, August 2nd 2012 - 06:59 UTC

  Argentina on track to become world’s fourth largest producer of poultry meat

  

  Industry Minister Debora Giorgi said that Argentina is on track to become, in the short term, the fourth largest producer of poultry meat. According to the Industrial Strategic Plan 2020, the sector achieved in less than a decade exports of 600.000 tons per year.

• Thursday, August 2nd 2012 - 06:53 UTC

  Brazilian government to the rescue of pork farmers; excess production

  

  The Brazilian government will spend 30.4 million Reais (15.05 million dollars) to buy 76,000 metric tons of excess live swine, through a minimum-price plan created to help Brazilian producers get out from under a national oversupply of pork, the Ministry of Agriculture announced.

• Thursday, August 2nd 2012 - 06:46 UTC

  The next December solstice celebration in Bolivia will have Coca Cola after all

  

  Bolivia said on Wednesday that statements from Foreign minister David Choquehuanca about “the end of Coca Cola” were taken out of context adding there are no plans to expulse the US Company from the country, as published in the local media.

• Thursday, August 2nd 2012 - 06:34 UTC

  India’s two power outage incidents in two days punished almost a billion people

  

  New Delhi’s Metro shut down and hundreds of coal miners were trapped underground after three Indian electric grids collapsed in a cascade on Tuesday cutting power to 620 million people in the world’s biggest blackout.

• Thursday, August 2nd 2012 - 06:25 UTC

  Uruguay industries lobby questions the growing “political” predominance in Mercosur

  

  The ‘new’ Mercosur with Venezuela as a full member reinforces the regional block as a forum of ‘political understanding’ and no longer as an integration process ruled by international law.

• Wednesday, August 1st 2012 - 22:19 UTC

  Namibia will supply cement for St Helena 300m dollars airport in South Atlantic

  

  Namibian cement company Ohorongo cement has secured a three-year contract with construction firm Basil Read for the supply of cement for the building of a new airport on the British overseas territory of St Helena in the South Atlantic Ocean, over 1900km from the Namibian coast.

• Wednesday, August 1st 2012 - 19:34 UTC

  S&P downgrades Argentine main provinces credit ratings

  

  The rating agency Standard & Poor’s said on Monday that local governments in Argentina are experiencing slower economic growth, high inflation, and difficulties financing their 2012 budget deficits.

• Wednesday, August 1st 2012 - 11:48 UTC

  Argentine construction activity slows down for third month running

  

  Argentine construction activity in Argentina during June dropped for the third consecutive month compared to a year ago. The drop was 1.5% according to the Construction Activity Synthetic Index (ISAC) from the country’s stats office, Indec.

• Wednesday, August 1st 2012 - 08:08 UTC

  Dilma welcomes President Chavez to the world’s fifth economy

  

  Brazilian president DIlma Rousseff said that with the incorporation of Venezuela, Mercosur has become a global power in food and energy and becomes the fifth world economy with a GDP of 3.3tn dollars.

• Wednesday, August 1st 2012 - 07:46 UTC

  Argentina/Venezuela sign strategic cooperation agreement to boost energy

  

  After attending the Mercosur extraordinary meeting in Brasilia, President Cristina Fernández and her Venezuelan counterpart, Hugo Chávez, signed a cooperation agreement to develop a strategic energy plan between state oil companies YPF and PDVSA.