The European Union and Brazil representing Mercosur (Argentina, Brazil, Paraguay and Uruguay), are proposing the World Trade Organization agree to end agricultural export subsidies at a meeting next month. The proposal backers also include New Zealand.
Argentina's much-watched soybean sowings will set a record this season, but the country is heading for a weaker wheat harvest, despite ideas of very good yields, the country's farm ministry said. In its first estimate the ministry said soybean sowings for 2015-16, pegged area at 20.6m hectares, a rise of 800,000 hectares year on year.
A BHP Billiton and Vale joint venture in Brazil is facing its first civil lawsuit over the dam collapse at its iron ore mine on November 5 that buried a town and contaminated the region's main river.
Brazil’s government is considering a debt plan to bolster the capital of heavily indebted state-controlled oil Petrobras, Agencia Estado news agency reported on Thursday. Under the plan, the Brazilian Treasury would transfer so-called hybrid securities to Petrobras, which would then book the securities as equity until it sold new stock, Estado reported.
The president of Chile's ANFP national football association Sergio Jadue has gone to the United States to talk to the FBI as part of its ongoing probe into corruption at soccer governing body FIFA, Santiago media reported.
Passengers and crew forced to abandon a cruise ship due to a fire in the engine room causing loss of power, were all safe and without injury in Stanley yesterday morning. This followed a complex rescue and care mission comprising British Forces from Mount Pleasant, Government emergency services, the ship’s agents Sulivan Shipping and with support from local farmers.
Argentina will likely end the year with a fiscal deficit of 3.5% of GDP, Economy Minister Axel Kicillof said on Wednesday, rejecting estimates by the opposition for a deficit around twice as high.
Brazil's Congress has upheld President Dilma Rousseff's vetoes of two bills to raise public spending, a victory for the embattled leader as she tries to close a gaping fiscal deficit and regain investors' confidence.
What are the main drawbacks of the Argentine presidential candidates, ahead of 22 November runoff and following their exposure in last Sunday's debate, is the question a Buenos Aires pollster has tried to unveil, and how much could they in effect influence Sunday's vote.
Sergio Massa, the third contender in the Argentine presidential dispute and who did not make it to the runoff last 25 October, but managed 21% of ballots, some five million votes, compared to incumbent Daniel Scioli's 37% and Mauricio Macri's 34%, has been very careful in advancing whom he would support or recommend to vote on Sunday 22 November.