Stories for October 4th 2012
Argentina will have to post 10m plus bond in Ghana to liberate ARA ‘Libertad’
Argentina will have to come up with 10 million dollars or more as a bond to liberate the flagship of its navy, “Libertad” retained in the Ghanaian port of Tema, following on the request from a US hedge fund.
FAO Prices Index up 1.4% in September pushed by dairy and meats
Following two months of stability, the FAO Price Index rose slightly in September 2012, up 1.4%, or 3 points, from its level in August. The Index, based on the prices of a basket of internationally traded food commodities, climbed to 216 points in September from 213 points in August.
Latam expected to expand 3% more in line with global trends, says World Bank
Latin America and the Caribbean region (LAC) will be growing at 3%, more in line with global trends but even with GDP beginning to slow, the region’s unemployment rate stood at 6.5%, approaching historic lows and well below its peak of 11% a decade ago, according to the latest semi-annual report “The Labour Market Story Behind Latin America’s Transformation,” by the World Bank’s Office of the Chief Economist for the region.
Latam created 35 million jobs in last decade and helped combat income inequality
Labour markets played an important role the transformation and advance of the Latin American economy in the past decade as more than 35 million additional jobs were created in that period plus the fact that high informality declined in seven out of nine countries of the region.
Youth unemployment in 17 of the G20 countries stands at over 16%
The youth jobs situation remains critical, with 17.7 million young people, or just over 16%, unemployed in 17 of the G20 countries for which data is available, the International Labour Organization (ILO) has said.
Falklands’ commercial oil production projected to commence in 2017
By Alicia Dunkley-Willis (*) - With commercial oil production projected to commence in 2017 for the 3,000 population Falkland Islands, efforts are now underway to ensure that the impending wealth does not upset the order here.
Painkiller as powerful as morphine has been found in deadly venom of the black mamba
A painkiller as powerful as morphine, but without most of the side-effects, has been found in the deadly venom of the black mamba, say French scientists. The predator, which uses neurotoxins to paralyse and kill small animals, is one of the fastest and most dangerous snakes in Africa.
Belgium provides financial support for demining programs in Ecuador and Peru
Belgium signed on Wednesday an agreement with the Organization of American States (OAS) to provide financial support for the program “Landmine Victim Assistance in Ecuador and Peru,” carried out by the OAS.
Uruguay in September definitively loses control of 2012 inflation target
Uruguay’s consumer prices soared 1.21% in September over August totalling 6.67% in nine months and 8.64% in the last twelve months, above the 7.88% at the end of August.
Obama and Romney clash on taxes, deficit and health care
President Barack Obama and Republican Mitt Romney have clashed over their economic plans in the first of three televised debates. In their Denver duel, the candidates contrasted their approach on taxes, the deficit and healthcare.
