The drought-reduced U.S. corn crop of 2012 suggested that corn prices might behave in a pattern generally described as “short crops have long tails,” said a University of Illinois agricultural economist. “This phrase depicts the expectation of rapidly rising prices that peak near harvest time, decline in an unspecified pattern over the next several months, and return to pre-drought levels as early as the following marketing year. The decline in prices is expected as a result of a slowdown Read more [...]

SANTIAGO, Chile — Geologist David Rodriguez and actress Cristina Pascual, two of the nearly six million Spaniards left jobless in the European recession, fled to Latin America last year, figuring their futures would be brighter in the booming economies on this side of the Atlantic.Instead, they found themselves stuck, facing so many bureaucratic hurdles that their only option was to work illegally, for much lower wages. Without a work visa, they couldn't get a formal job. Without a job offer, no Read more [...]

Pardew confident about Coloccini's commitment as captain remains with Magpies 8:00am Saturday 26th January 2013 in Sport By Scott Wilson Pardew confident about Coloccini's commitment as captain Read more [...]

Rio de Janeiro: The son of Brazilian World Cup winner Bebeto is reportedly on the radar of Italian giant Juventus.Matheus, an 18-year-old playmaker for Flamengo, impressed talent scouts from the Turin club while representing Brazil at this month`s South American Under-20 championship in Argentina.The youngster`s representatives are negotiating with the Serie A side with a possible deal to be announced "within days".Flamengo officials are understood to be divided about the timing of the player`s Read more [...]

Elliott Management Corp.’s NML Capital Fund and Aurelius Capital Management urged a federal appeals court to uphold rulings by a lower-court judge that would help creditors collect on debt that Argentina repudiated more than a decade ago. NML Capital and Aurelius asked the U.S. Court of Appeals in New York yesterday to affirm rulings by U.S. District Judge Thomas Griesa in Manhattan, who ordered Argentina to pay the $1.3 billion claimed by bondholders in the Read more [...]

By Taos Turner

BUENOS AIRES--Argentina's black-market peso continued its ongoing slide Friday, weakening to ARS7.61 to the U.S. dollar, according to the financial daily El Cronista.

Argentina strictly limits the sale of dollars and other currencies, sending people and companies that want them to the underground market.

Rising demand for the dollar, spurred largely by tourists who need dollars to travel abroad, has pushed the ...

There’s not too much one can do when a government minister marches into your office and essentially tells you to get lost. On April 16, 2012, the normal Monday morning routines unfolded with greater tension in the Buenos Aires offices of Spanish energy company Repsol’s YPF subsidiary. As top planning executive Carlos Jiminez and his colleagues were watching President Christina Fernandez unveil plans to seize control of YPF and nationalize Argentina’s leading energy producer, the unthinkable Read more [...]

Holdout creditors urge U.S. court to order Argentina to pay up Follow us: Read more [...]

Mercosur trade partners had repeatedly protested Argentina’s measures Resolution Nº11/2013 annuls 17 resolutions that had been signed between September 1999 and February 2011 and that had established restrictions on the import Read more [...]

BUENOS AIRES | Fri Jan 25, 2013 12:50pm EST BUENOS AIRES Jan 25 (Reuters) - Brazilian miner Vale SA must provide a new timeline for work on the roughly $6 billion Rio Colorado potash project within five working days or it risks losing the concession, Argentina's Mendoza province said on Friday. Vale, the world's second-largest mining company, said on Thursday it extended vacation for workers at the Mendoza-based site, which began on Dec. 22, and did not Read more [...]