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.
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.
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.
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.
Argentina received a 135 million peso ($29 million) loan from CAF, the Latin American Development Bank, to help Rio Negro and Neuquen provinces, which were affected by the eruption of the Puyehue-Cordon Caulle volcano complex in Chile.
Monsanto Co., the world’s largest seed company, became the second company suspended this month from Argentina’s National Cereals Register for unpaid taxes. Mining companies including Barrick Gold Corp. are also being investigated, the tax agency said.