Economy

Wednesday, November 8th 2017 - 18:30 UTC
Stop using antibiotics in healthy animals to prevent the spread of resistance, warns WHO

The World Health Organization is recommending that farmers and the food industry stop using antibiotics routinely to promote growth and prevent disease in healthy animals.
Wednesday, November 8th 2017 - 18:11 UTC
Petrobras looking to sell its African oil exploration venture

Brazil’s Petrobras on Tuesday revealed plans to sell its stake in an African oil exploration venture as part of a wider divestment plan. The state managed oil company is looking to sell its 50% stake in Petrobras Oil & Gas BV, or Petrobras Africa.
Wednesday, November 8th 2017 - 12:26 UTC
Irish “grave concerns” about the beef industry with the EU/Mercosur trade deal

Ireland's Minister for Agriculture Michael Creed has expressed “grave concerns” about the offer of a beef tariff rate quota in last month’s round of European Union/Mercosur discussions, which he said gives rise to potentially very serious consequences for the Irish and EU beef sector in particular.
Wednesday, November 8th 2017 - 12:23 UTC
Argentina central bank raises basic rate to 28,75% to contain inflation expectations

Argentina's central bank raised its policy rate to 28.75% on Tuesday, up from 27.25% previously, as inflation expectations rise, the monetary authority said in a statement. It was the bank's second consecutive hike after a long period of holding the rate steady.
Wednesday, November 8th 2017 - 10:50 UTC
Oil markets settle lower, but prospects are in place for prices to continue climbing

Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.
Wednesday, November 8th 2017 - 10:26 UTC
Macri optimistic about reaching a Mercosur/EU trade deal by end of the year

Argentine president Mauricio Macri who has made signing trade deals a priority, said he was optimistic that Mercosur, the trade bloc formed by Argentina, Brazil, Paraguay and Uruguay, would be able to conclude a free trade deal with the European Union by year-end despite differences over beef, ethanol and other agribusiness matters.
Wednesday, November 8th 2017 - 10:14 UTC
Temer insists social security reform bill will pass, despite all the opposition

Brazilian president Michel Temer admitted that the social security reform bill may not be put to a vote, but underlined that even if that is the case, the federal government will not be shut down.
Wednesday, November 8th 2017 - 09:59 UTC
An estimated third of the Brazilian population live below the poverty line

A new system implemented by the World Bank to measure the number of people who live below the poverty line has meant that in Brazil the number has risen from 8.9 million to 45.5 million, which is almost a third of the population.
Wednesday, November 8th 2017 - 07:35 UTC
Finnish company sets out conditions for the building of a second pulp mill in Uruguay

Finland's UPM and the Government of Uruguay have signed an investment agreement, which outlines the local prerequisites for a potential pulp mill investment. The agreement details the roles, commitments and time-line for both parties as well as the relevant items to be agreed prior to the final investment decision, reported the Finnish company in a release on Tuesday.
Wednesday, November 8th 2017 - 05:17 UTC
Nidera Seeds, which operates mostly in Latin America, sold to Syngenta

Chinese grains trader COFCO International has agreed to sell its crop seeds business to Swiss-based Syngenta AG as it overhauls its activities following a series of major overseas acquisitions The deal to sell Nidera Seeds, which operates in Latin America, was announced by COFCO International and Syngenta in a statement on Monday.