Beef exports are forecast to rise nearly 2% during 2009 as gains by Brazil, Argentina and the United States outweigh downturns in Australian and New Zealand shipments according to the US Cattle network
Chile's stock market climbed 1.93% on Thursday but finished the turbulent October 9.57% down. As with most global markets Chile's bounced back following on a better performance in Wall Street and the Sao Paulo Bovespa index.
Business and consumer confidence in the 15 nations of the Euro zone fell to a 15-year low in October, the European Commission said Thursday, as a credit crunch hits consumer spending and forces companies to shed jobs.
Major Latinamerican markets recovered strongly Tuesday as investors in the region and on Wall Street set aside worries about global recession to take part in a buying spree convinced that the Fed would announce further interest rate cuts on Wednesday.
Environmental cooperation, the impact of the global financial crisis on United Nations efforts to slash poverty and the role of women in tackling climate change will be on the agenda when Deputy Secretary-General Asha-Rose Migiro heads to Seoul for an official visit to the Republic of Korea (ROK).
The United States Federal Reserve cut on Wednesday the key interest rate from 1.5% to 1% in a widely expected move with the purpose of promoting a return to moderate economic growth.
Microsoft, Google and Yahoo have signed a global code of conduct promising to offer better protection for online free speech and against official intrusion. The Global Network Initiative follows criticism that companies were assisting governments in countries like China to censor the Internet.
British Prime Minister Gordon Brown called on Tuesday for an increase in funding of the International Monetary Fund (IMF) to cut the risk of financial contagion and said China and oil-rich Gulf states should make the bulk of the contributions.
The mortgage crisis that is at the heart of the current financial turmoil reflects fundamental flaws in the way countries approach housing, and highlights the danger in thinking that markets alone will ensure adequate housing for all, said an independent United Nations human rights expert.
The gap between rich and poor in most wealthy nations has widened, revealed the Organization for Economic Co-operation and Development (OECD). Across the 24 OECD countries where data was available, the cumulative rise in inequality was 7% over the past 20 years, the Paris-based group said. But this was not as large a rise as had been expected, it said.