Economy

• 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).

• Tuesday, August 16th 2011 - 05:52 UTC

  World Bank warns a ‘hard landing’ in China would have great impact in Latam

  

  The World Bank's chief economist for Latin America and the Caribbean said Monday that the bank is maintaining its 2011 outlook for the region's economic growth at about 4.5% despite concerns of a new global crisis.

• Tuesday, August 16th 2011 - 02:44 UTC

  Global food prices in July 33% higher than a year ago, says World Bank

  

  Global food prices are at high levels and when combined with continued volatility, put the poorest people in the developing world at continued risk, according to the World Bank Group’s Food Prices Watch released Monday.

• Monday, August 15th 2011 - 23:43 UTC

  Soros backs creation of Euro bonds to solve Euro debt crisis; Germany rejects idea

  

  George Soros has backed “Eurobonds” - joint debts of the 17 Euro zone members - to solve the Euro zone debt crisis. Speaking to the BBC, the billionaire investor said if European leaders fail to keep the Euro together, there would be a “really serious global calamity”.

• Monday, August 15th 2011 - 23:41 UTC

  Buffett calls on the US Congress to “stop coddling the super rich”

  

  Warren Buffett has called for Congress to make him and his “mega-rich friends” pay more income tax. In a piece in The New York Times newspaper, the billionaire investor and philanthropist said the rich should do more to help plug the deficit.

• Monday, August 15th 2011 - 23:15 UTC

  Renewed UK interest in South America in spite of Argentina’s Falklands’ policy

  

  The UK is showing a renewed interest in South America and has been successful in establishing cooperation with individual countries in spite of Argentina’s attempts to gather multilateral support for its claim on the Falkland Islands, according to World Politics Review.

• Monday, August 15th 2011 - 11:56 UTC

  USDA estimates Argentine 2011/12 wheat crop at 13.5 million

  

  The coming 2011/12 wheat crop of Argentina will reach 13.5 million tons instead of the 15 million forecasted last July, reported the US Agriculture Department, USDA.