Argentina’s Rio Negro province will revoke three oil-field licenses from YPF SA, the country’s largest energy company, newspaper Rio Negro reported today, citing a government official it didn’t identify.
Heilongjian Beidahuang Nongken Group Co. , China’s biggest farming company, plans to invest $1.5 billion to develop farms and expand a port in southern Argentina to help guarantee food supplies for the next two decades.
The wave of looting triggered by police strikes in Argentina’s Cordoba province last week have spread to at least two other provinces as security officials demand higher wages to combat estimated 26 percent inflation.
Buenos Aires’s two main airports resumed operations as winds and rain clear volcanic ash that disrupted flights from South America to Australia and prompted Argentina to declare an agricultural emergency.
Sales of Brazilian funds that invest in real estate and mortgage securities doubled this year to a record as banks including Grupo BTG Pactual and Caixa Economica Federal sold shares and Caixa sees similar growth in 2013.