Archive for June, 2008
Foreign buyers eye Uruguayan land
Image via Wikipedia
BBC NEWS
why is this South American country, sandwiched between Argentina, Brazil and the Atlantic Ocean, so attractive to foreign investors?
“Uruguay is a small area in the broader region where buyers find better prices and political and economic stability,” said Eduardo Caldeyro from Caldeyro-Stajano, a land sales broker.
“Curiously enough, for the first time [...]
Uruguay in gas field find claim
BBC NEWS
Uruguay says it may have found a large natural gas field that would change it from an importer to an exporter of gas.
The announcement of the possible find, which could also contain oil, was made by President Tabare Vazquez in a note on his official website.
Local reports say that the field could [...]
Conflict With Farmers Takes Toll on Argentina
NYTimes.com
Argentina also faces the challenge of convincing buyers of its grains, especially in Asia, that it is a reliable supplier. Nearly 60 ships were waiting at Argentine ports on Monday to finally receive soybeans and grains. Many had been waiting to load for many days, with delays costing as much as $60,000 a day.
As food demand soars, S. American production jumps, but with risks
McClatchy Washington Bureau
In Argentina, economists estimate that annual inflation hovers around 25 percent, with rising food prices among the top contributing factors. Local prices for corn have grown by 41 percent over the past year, while prices for wheat have risen by 56 percent.
Yet the trend also has brought in billions of dollars in [...]
Jignesh Shah of MCX: ‘India matches US in banking infrastructure’
Image via Wikipedia
‘rediff.com’
It (the MCX-NYSE deal) is more than a commercial deal. It is a symbol of strength. They have a heritage and a huge size, but still they have the pace and the agility that match our own DNA of speed and innovation Whatever we do, we like to do in the fastest and [...]
‘Mexico Tourism Board plans to come to India’
Express TravelWorld
The tourism board is planning to come to India sometime next year and is looking at opening an office here. Currently, our focus is on creating awareness about our products and making people realise the diversity of Mexico as a destination. There will soon be a publicity campaign on Mexico in the broadcast media.
India to sell edible oils at lower rates from July
Reuters
India will provide edible oils at subsidised rates through ration shops in 15 states from July, in an attempt to lower the impact of high prices on poor people, a government statement said on Friday.
The government has introduced a scheme for distribution of 1 million tonnes of imported edible oils in 2008/09 at a [...]
India’s JK Tyre buys Mexico’s Tornel for 2.7 billion rupees
Forbes.com
India-based JK Tyre & Industries Ltd. said it has bought Mexican tyre company Tornel and its units for 2.7 billion rupees — JK’s first international acquisition.
Asia rethinks LatAm
theedgedaily.com
Ironically, another thing that is helping Latin America is the tyranny of distance I talked about earlier: Soaring shipping or freight rates are forcing companies that supply goods [from Asia] to the North American market to rethink their long-term strategies. That is helping to power a new manufacturing boom in Mexico. As oil prices and [...]
Brazil Becomes the New Food Superpower
Image via Wikipedia
US News and World Report
With millions of people literally hungering for affordable food, Brazil’s breakthroughs in tropical agriculture may prove to be the key to feeding a growing global population. If Saudi Arabia fills the world’s gas stations, China assembles its consumer goods, and India vies to staff its office services, then it [...]
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