Economy

• 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 - 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 - 06:45 UTC

  Economic crisis still has six years before returning to decent shape”, says IMF

  

  It will take at least ten years for the world economy to recover from the economic crisis that started in 2007 and to get back to the normal shape, International Monetary Fund Chief Economist Olivier Blanchard said in an interview published on Wednesday.

• Wednesday, October 3rd 2012 - 04:29 UTC

  Industrial production picks up in August; stimuli seems to be working

  

  Industrial production in Brazil expanded in August at its fastest pace in 15 months thanks to heavy government stimulus, data showed on Tuesday. Finance Minister Guido Mantega said the jump in industrial output is proof that the worst of Brazil's slowdown is over.

• Wednesday, October 3rd 2012 - 01:42 UTC

  Chile a country with a growing disappointed middle class, says Financial Times

  

  The influential business newspaper Financial Times dedicated a special edition to the Chilean economic and social situation and concludes that given the massive demonstrations against energy projects and in favour of education reform, “doing business” in the country has become difficult plus there is growing disappointment in the middle class.

• Wednesday, October 3rd 2012 - 01:29 UTC

  Chile revokes lithium concession; triggers major scandal on “strategic minerals”

  

  Chile revoked the concession awarded to Sociedad Quimica y Minera de Chile to exploit substantial reserves of lithium in the Andes region, acknowledging problems with the tender process.

• Tuesday, October 2nd 2012 - 23:17 UTC

  Argentina becomes main supplier of soy and soy-oil to Iran in third quarter

  

  Iran made major imports of Argentine soy-oil and soybeans between July and September as Iranian buyers found methods of making payments in the face of western sanctions, Hamburg-based oilseeds analysts Oil World said on Tuesday.

• Tuesday, October 2nd 2012 - 22:18 UTC

  Big storm reaching Latam/Caribbean: growth estimate down to 3.2% from 3.7%

  

  A weak global economy, mainly due to the difficulties faced by Europe, United States and China has affected growth in Latin America and the Caribbean. In 2012 the original growth estimate will fall from 3.7% to 3.2%, according to the latest estimate from the UN Economic Commission for Latinamerica and the Caribbean.

• Tuesday, October 2nd 2012 - 20:07 UTC

  UN aquaculture initiative to help low-income countries fight hunger

  

  A United Nations-backed initiative that will form partnerships among governments, development agencies and universities has been launched to better understand how aquaculture can help low-income countries fight hunger.