Economy

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 - 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 - 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.