Stories for June 12th 2014

Thursday, June 12th 2014 - 07:39 UTC
Beijing hosts this year's Meat Congress; China has become Uruguay's main beef client

China will be holding this year's World Meat Congress in Beijing, an event traditionally hosted by meat producing and exporting countries. However the significance of the world's second largest economy and its booming demand for meat have made it the right place for the 14/16 June conference.
Thursday, June 12th 2014 - 07:32 UTC
Researchers find major West Antarctic glacier melting from geothermal sources

Thwaites Glacier, the large, rapidly changing outlet of the West Antarctic Ice Sheet, is not only being eroded by the ocean, it's being melted from below by geothermal heat, researchers at the Institute for Geophysics at The University of Texas at Austin (UTIG) report in the current edition of the Proceedings of the National Academy of Sciences.
Thursday, June 12th 2014 - 07:18 UTC
World Bank lowers global economy growth forecast; developing countries face major challenge

World Bank lowered its 2014 growth forecasts for the global economy but said advanced economies' rebound from a rough start would help offset stagnation in developing countries. Most of the pick-up in growth this year will come from high-income countries, particularly the United States and the 18-nation Euro zone, the World Bank said in its twice-yearly Global Economic Prospects report.
Thursday, June 12th 2014 - 07:06 UTC
Argentina's 'Congressional inflation index' in May, 2.28% and 39.9% in twelve months

Inflation in Argentina during the month of May reached 2.28% and 39.9% in the last twelve months according to the so called 'Congressional index' which is released by opposition lawmakers from the Freedom of Expression committee.
Thursday, June 12th 2014 - 07:01 UTC
Poor performance of Argentina's industrial production during April

According to the Argentine Industrial Union (UIA), industrial production in the country fell 3.4% in April compared to the same month of 2013. Considering the first four months of 2014, the industry dropped 2.2% versus the same period last year.
Thursday, June 12th 2014 - 06:53 UTC
World manufacturing on the upturn but fragile in emerging economies

World manufacturing is in a phase of steady growth due to the improved financial condition of industrialized countries, especially in Europe, and China’s continued growth, the United Nations reported on Wednesday.
Thursday, June 12th 2014 - 06:42 UTC
IMF launches Global Housing Watch to keep track of markets across the world

The International Monetary Fund (IMF) launched on Wednesday the Global Housing Watch, a webpage (www.imf.org/housing) dedicated to featuring its analysis on housing markets across the world. The page will provide a one-stop shop for the Fund’s Global House Price Index and other data on housing indicators.
Thursday, June 12th 2014 - 06:35 UTC
Argentina and Brazil extend auto industry accord until July 2015

Argentina and Brazil finally on Wednesday in Buenos Aires a deal for automotive trade between the two nations, which will be valid until July 2015 and aims to revive the sector which has seen heavy falls in activity (and jobs) since the beginning of this year.
Thursday, June 12th 2014 - 06:30 UTC
Brazil increases cultivation area and expects record grain harvest in 2014

Brazil, one of the world's leading agricultural producers, expects a record grain harvest this year of 192.3 million tons, up 2.2% from 2013, the IBGE statistics agency said this week.
Thursday, June 12th 2014 - 06:25 UTC
Blatter is king of FIFA: age and term of office limits proposals, rejected

FIFA's 209 member federations have overwhelmingly rejected proposals for age limits and term of office limits. Delegates at the FIFA Congress meeting in Sao Paulo booted out the plan that formed part of the recommendations to revamp FIFA's governance.