Food price volatility has increased in recent months and will remain high for the time being, according to a joint bulletin launched today by ECLAC, FAO and IICA.
Brazil’s Central bank on Wednesday raised its benchmark overnight rate by a half-point for a second straight meeting to cool inflation that is approaching the upper limit of the government’s target range.
Venezuelan President Hugo Chavez spoke with embattled strongman Moammar Gaddafi and discussed creating a multinational commission to mediate the unrest in Libya, according to an internet message posted Wednesday by a Venezuelan government official.
In spite of President Cristina Fernandez instructions to scale down the controversy over the attendance of Literature Nobel Prize winner Mario Vargas Llosa to Buenos for the opening of the Book Fair, the exchanges continued Wednesday.
Uruguay’s cabinet meeting spokesperson confirmed Wednesday that Argentina had “liberated” 75% of the import licences that remained delayed and which was one of the main points of the agenda in the recent summit between Uruguayan president Jose Mujica and Argentina’s Cristina Fernandez de Kirchner.
IMF Managing Director Dominique Strauss-Khan praised the management and achievements of the Uruguayan economy and said it was a pleasure to visit a country that does not have major problems resulting from the 2008 global financial crisis, which is a “recurrent issue” of his busy agenda.
The US skipper Brad Van Liew won his third consecutive leg in the Velux 5 Oceans race on Tuesday evening pulling into Punta del Este, Uruguay, eight days after rounding Cape Horn in his 60-foot Eco 60 Le Pingouin..
Mercosur negotiations and Ireland’s share of the EU agriculture spending are seen as the main challenging demands for the new Agriculture minister of the Fine Gael-Labour coalition government in Dublin.
The number of people out of a job Spain, which has the highest unemployment rate in the industrialized world, rose further in February reaching a 15 year high, the Labour ministry said Wednesday.
The reputed world's richest man Carlos Slim inaugurated a massive museum in Mexico City on Tuesday to house his eclectic collection of art ranging from pre-Hispanic pieces to sculptures by French masters.