Stories for October 2011

Friday, October 7th 2011 - 18:04 UTC
US September job figures bring sigh of relief to markets

US employment grew more than expected in September and job gains for the prior months were revised higher, according to a government report, released Friday, that could ease fears the economy was heading into recession.
Friday, October 7th 2011 - 17:59 UTC
Argentina confident it can cope with a “global contraction”

Argentina has the ability to sustain its economic growth amid a slowdown in the global economy, thanks to domestic demand and trade with other South American nations, said Deputy Economy Minister Roberto Feletti.
Friday, October 7th 2011 - 17:50 UTC
Nobel Peace Prize honours indomitable women and the “Arab Spring”

Declaring women's rights vital for world peace, the Nobel Committee awarded its annual Peace Prize today to three indomitable campaigners against war and oppression - a Yemeni and two Liberians, including that country's president.
Friday, October 7th 2011 - 05:52 UTC
Violent clashes in Santiago as students-government negotiations break down

Chilean students marched in downtown Santiago Thursday, clashing with police and blocking traffic for much of the day, after negotiations with the government over education reforms broke down.
Friday, October 7th 2011 - 05:46 UTC
Obama says he shares the “Occupy Wall Street” protestors’ frustrations

United States President Obama on Thursday called the “Occupy Wall Street” protests a reflection of a “broad-based frustration about how our financial system works” and pledged to continue fighting to protect American consumers.
Friday, October 7th 2011 - 05:30 UTC
Brazilian production feels the impact of cheap imports and global slowdown

Output at Brazil's mines and factories slowed in August, falling a seasonally adjusted 0.2% from July as production in the country's industrial sector suffered the impact of cheap imports and the sluggish global economy.
Friday, October 7th 2011 - 05:26 UTC
Nissan announces 1.4bn factory in Brazil as it moves overseas fleeing Super Yen

Nissan Motor Co CEO Carlos Ghosn said Japan faces a “hollowing out” of its industrial base should the government fail to take steps to counter the Yen’s rise. Ghosn statements could also be interpreted as a subtle message since Brazilian manufacturing faces problems with a too strong Real.
Thursday, October 6th 2011 - 22:10 UTC
FAO anticipates ‘tight’ cereal markets in 2011/12 and lower prices

Despite improved production prospects, world cereal markets are likely to remain fairly tight in 2011/2012, FAO announced this week. Prices on the other hand will tend to decline as a result of softer demand because of worsening economic conditions.
Thursday, October 6th 2011 - 21:59 UTC
Boost for cruise industry: vessels can operate casinos in Chilean waters

The Chilean Senate unanimously approved this week the bill allowing cruise vessels to operate their onboard casinos while sailing in Chilean waters.
Thursday, October 6th 2011 - 21:14 UTC
Mercosur countries rank poorly in Forbes’ “Best Countries for Business”

Mercosur full members (Argentina, Brazil, Paraguay and Uruguay) rank poorly in the Forbes magazine annual Best Countries for Business, with the best listed, Chile and Peru, in positions 24 and 42, out of 134 countries surveyed worldwide.