Stories for June 9th 2011
Brazil crop of grains and oilseeds expected to reach a record 161.5 million tons
Brazil’s 2010/2011 crop of grains and oilseeds is estimated to reach 161.5 million tons, up 8.2% (8.2 million tons) over the previous farm year (149.2 million tons), according to the latest survey from the National Supplies Corporation, Conab.
Brazil’s world’s leading chicken exporter in 2011, ahead of the United States
Brazil is poised to overtake the United States for the first time ever, as the world’s leading exporter of chicken, with a third of global trade, according to the latest statistics from FAO released this week.
IMF says US does not need additional monetary stimulus
The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said.
World conquering Argentina ants defeated and rolled back in California
Argentine ants are showing up all over the world-conquering the entire coastline around the Mediterranean Sea, parts of South Africa, Hawaii, Japan and Australia, as well as the full length of the California coastline-and no native ant species has been known to withstand their onslaught until now.
IATA unveils Checkpoint of the Future to enhance security and reduce queues
The International Air Transport Association (IATA) unveiled the first mock-up of a Checkpoint of the Future, designed to enhance security while reducing queues and intrusive searches at airports, using intelligence-driven risk-based measures.
IATA has a new a Director General effective July first, Tony Tyler
The International Air Transport Association (IATA) announced this week leadership changes at the conclusion of the Association’s 67th Annual General Meeting (AGM) and World Air Transport Summit in Singapore.
Chile’s economy forecasted to slow growth following 8.9% in first quarter
After months of record-setting growth, experts expect Chile’s economy to slow. Analysts say that the 8.9% growth in the first quarter of 2011 will slow and the year will end with an overall growth of between 6 and 7% for the year.
UN report shows broadband potential for economic and social development
Broadband telecommunications have the potential to spur rapid economic growth and facilitate job creation, according to a United Nations reported unveiled this week, which urges countries to implement national broadband plans or risk losing the benefits of the global high-speed digital communications.
Bank of England leaves rates unchanged to bolster recovery
The Bank of England’s Monetary Policy Committee voted Thursday to maintain the official Bank Rate paid on commercial bank reserves at the record low 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Spain’s objective is sovereignty over Gibraltar, Minister Jimenez tells Parliament
Spain's dealings with Gibraltar have the overriding objective of recovering sovereignty over the Rock, Spanish Foreign Minister Trinidad Jiménez told parliament in Madrid this week.
