Stories for October 2012

Friday, October 5th 2012 - 06:10 UTC
Argentine Coast and Border Guards conflict unchanged in its fourth day

Argentine Border and Coast Guards members were moving into their fourth day of conflict despite the fact the government of President Cristina Fernandez had deposited their full pay-checks that had been ‘mistakenly’ severely cut, based on Decree 1307. Prospects are that the conflict could extend until Tuesday.
Friday, October 5th 2012 - 06:06 UTC
Brazil mocks Argentina after “super-match” was cancelled because of power failure

Chaco Governor Jorge Capitanich publicly regretted and apologized on Thursday for the major embarrassment caused by the suspension of an Argentina-Brazil friendly match scheduled for Wednesday night when the stadium floodlights failed.
Friday, October 5th 2012 - 06:02 UTC
Bank of England leaves rates and QE unchanged waiting for next set of stats

Bank of England's Monetary Policy Committee (MPC) has decided at its monthly meeting on Thursday not to introduce any new stimulus measures. It has kept interest rates at their record low of 0.5% and not to raise the amount of quantitative easing (QE) from the current level of £375bn.
Friday, October 5th 2012 - 05:58 UTC
Draghi says ECB bond-buying program waiting for its first customer

The European Central Bank decided on Thursday to keep its main refinancing rate unchanged in a bid to calm markets but the focus really has been on when exactly its bond-buying program will get off the ground.
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.