US Department of Agriculture (USDA) has cut its forecast for global wheat production in 2010-11, but by less than expected. USDA now predicts total output of 643 million tonnes for the current agricultural year, down from its August forecast of 645.7 million.
China's trade surplus narrowed in August as imports picked up at a faster pace and exports slowed although not drastically, official figures showed on Friday. The data is likely to keep up pressure on Beijing to ease currency controls.
British Ministry of Defence revealed that contracts worth about £1.25bn have been awarded for building two aircraft carriers even though the project may not go ahead, figures have revealed. The figures came in answer to a parliamentary question by a Labour MP.
Former Argentine President Nestor Kirchner is back in the Los Arcos hospital with heart trouble. There were no immediate announcements from the government, but according to the local Noticias Argentinas news agency, the husband of President Cristina Fernandez de Kirchner Fernandez underwent an angioplasty after he was rushed to a clinic in the capital late Saturday night with numbness in his legs.
Three trucks transporting special shafts for drilling equipment to be used in the rescue of the 33 miners trapped 700 metres underground in northern Chile, left from Punta Arenas in the extreme south of Chile.
United Nations Special Rapporteur on trafficking of persons Joy Ngozi Ezeilo advised Argentine authorities that “an ‘urgent’ reform of the governing law for this crime, whose victims do not have protection or access to justice, is urgently needed”.
Swiss-based iron ore mining start-up Zamin Ferrous through its Brazilian affiliate is finishing the drilling stage of an iron-ore project in Valentines, Uruguay, and expects to complete its “definitive” feasibility study by mid-2011.
With only three weeks left the ruling Brazilian government Workers Party presidential candidate Dilma Rousseff increased her advantage over the main opposition hopeful, former Sao Paulo governor Jose Serra to 23 points, according to the latest opinion polls released by Folha de Sao Paulo the television network O’Globo.
The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, a leading global economic group has said. The Organisation for Economic Co-operation and Development (OECD) said the slowdown had been more pronounced than anticipated.
Union of South American Nations (UNASUR) Secretary-General, Néstor Kirchner, celebrated the Chilean Senate's approval of the regional organization's Constitutive Treaty and highlighted the compromise of Chile with the unity of South America.