Economy

• Saturday, June 30th 2012 - 05:19 UTC

  Brazil farmers rush to cash soy exports on high prices and favourable exchange rate

  

  Brazil could soon run out of soybeans to export this year after farmers’ frontloaded their shipments more than normal to cash in on high international prices and a favourable exchange rate.

• Saturday, June 30th 2012 - 04:37 UTC

  China prepares the ground for the Yuan to gradually become a reserve currency

  

  China will make part of the booming Shenzhen economic zone, a test ground for freer Yuan usage and capital account convertibility, the National Development and Reform Commission said on Friday.

• Saturday, June 30th 2012 - 03:52 UTC

  Mercosur ‘suspended’ Paraguay feels free to establish trade links with other countries

  

  President Federico Franco announced in a press conference that if Paraguay is suspended from Mercosur the country will feel free to look for other trade agreements and international relations.

• Friday, June 29th 2012 - 05:21 UTC

  Argentina insists with 5.1% growth forecast for 2012 despite signs to the contrary

  

  Argentina's government is sticking to its 5.1% growth forecast for 2012 enshrined in the budget, Economy Minister Hernan Lorenzino said on Thursday, despite recent data that shows a sharp deceleration.

• Friday, June 29th 2012 - 05:16 UTC

  Rousseff unveils 55bn dollars in loans at lower rates for the 2012/13 farm season

  

  Brazilian president Dilma Rousseff has unveiled a 115-billion-Reais (55 billion dollars) loan program aimed at reinforcing agriculture's role as a lever of Brazilian economic growth.

• Friday, June 29th 2012 - 03:00 UTC

  Uruguay’s project for a deepwater port on the Atlantic takes off

  

  Uruguay’s government is going forward with plans to build its first deepwater port along the Atlantic coastline in a place called “La Angostura”, an investment estimated in over 700 million dollars and which it wants to use as a platform to begin exporting iron-ore to China.

• Friday, June 29th 2012 - 01:29 UTC

  China/Chile upgrade link to strategic partnership and expand bilateral free trade accord

  

  China and Chile upgraded their bilateral ties to a strategic partnership and expect to double trade in three years once the bilateral free trade area agreement is completed with investment related supplementary accords.

• Friday, June 29th 2012 - 01:24 UTC

  China offers 15 billion dollars for infrastructure and better trade terms with Latin America

  

  China has offered to set up a 10 billion dollars credit line for Latin American countries to support infrastructure projects in the region. The proposal was made by China's Premier Wen Jiabao as he wrapped up his visit to the region with a conference at the UN Economic Commission for Latin America and Caribbean, ECLAC, main offices in Santiago de Chile.

• Friday, June 29th 2012 - 01:22 UTC

  Barrick Gold looses in Toronto court major Chilean mining rights to main competitor

  

  Barrick Gold Corporation the world’s largest producer of the metal can’t block Goldcorp Inc.’s 2010 acquisition of a majority stake in the El Morro copper and gold project in Chile.

• Thursday, June 28th 2012 - 21:46 UTC

  Mantega insists Brazil economy picks up in second half and reaches 2.5% annual growth

  

  Brazil's government has taken measures so that economic growth reaches at least 2.5% in 2012, said Finance Minister Guido Mantega following the announcement of new economic stimulus measures that are expected to accelerate the economy in the second half of the year.