Economy

Wednesday, August 17th 2011 - 23:42 UTC
La Niña threatens Brazil and Argentina crops says Oil World

South American grain and oilseed production may be in jeopardy from the formation of a La Niña weather pattern, which might curb rainfall in parts of Brazil and Argentina, Oil World said.
Wednesday, August 17th 2011 - 23:06 UTC
Record prices for Uruguayan beef but insufficient cattle in 2011/2012

Uruguay’s beef industry is short of cattle and the annual slaughter for 2011 is expected to be the lowest in a decade, similar to ten years ago when the foot and mouth disease crisis that isolated the country from world markets.
Wednesday, August 17th 2011 - 14:40 UTC
Brazil JBS, world’s largest beef producer, reports losses and mounting debt

Brazil's JBS SA, the world's biggest beef producer, reported a second-quarter net loss of 180.8 million Real (114 million dollars), reversing a year-ago gain as US performance suffered.
Wednesday, August 17th 2011 - 08:16 UTC
Sarkozy and Merkel pledge support for the Euro but disappoint markets

The leaders of France and Germany meeting in Paris unveiled wide-reaching plans for closer Euro zone integration, including deficit limits and biannual summits but said joint Euro bonds could only be a long-term option.
Wednesday, August 17th 2011 - 07:36 UTC
Sao Paulo, Rio, Caracas and Bogotá most expensive cities in South America

The Brazilian cities of Sao Paulo (19) and Rio do Janeiro (26), together with the Venezuelan capital Caracas (47) and Bogotá (57) Colombia, figure among the most expensive cities in Latin America, according to a bi-annual rating from the Swiss bank, UBS.
Wednesday, August 17th 2011 - 07:28 UTC
World Bank calls on governments to work on long-term debt curbs

The World Bank has called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.
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.