Stories for October 4th 2012

Thursday, October 4th 2012 - 20:50 UTC
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.
Thursday, October 4th 2012 - 19:52 UTC
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.
Thursday, October 4th 2012 - 19:40 UTC
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.
Thursday, October 4th 2012 - 19:23 UTC
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.
Thursday, October 4th 2012 - 19:18 UTC
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.
Thursday, October 4th 2012 - 16:41 UTC
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.
Thursday, October 4th 2012 - 10:55 UTC
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.
Thursday, October 4th 2012 - 10:32 UTC
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.
Thursday, October 4th 2012 - 07:38 UTC
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.
Thursday, October 4th 2012 - 07:34 UTC
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.