Economy

• Tuesday, December 13th 2011 - 21:00 UTC

  Advanced economies unemployment reaches 8.3%; Spain worst case with 22.8%

  

  Unemployment rates remain stubbornly high in the world's most advanced economies according to data released Tuesday by the Organization for Economic Cooperation and Development.

• Tuesday, December 13th 2011 - 16:08 UTC

  Rockhopper announces “fantastic result” with third oil discovery in Falklands

  

  Rockhopper Exploration PLC reported a “fantastic result” as its third discovery in the North Falkland basin encountered oil and-or wet gas in four hydrocarbon-bearing target zones, said the company on a Tuesday release in London.

• Tuesday, December 13th 2011 - 08:46 UTC

  Falklands oil exploration update

  

  Desire Petroleum plc (AIM:DES) the exploration company wholly focused on the North Falkland Basin notes the announcement made today by Rockhopper Exploration plc (“the Operator”) regarding the 14/15-4 well. Desire has a 40% carried interest in this well.

• Tuesday, December 13th 2011 - 06:56 UTC

  Uruguay monetary policy trapped between inflation or stimulating the economy

  

  The Uruguayan central bank “Monetary Policy Committee” will attempt to balance ‘concern’ over inflation with the increasing international uncertainty when it meets next 29 December, said the bank’s president Mario Bergara.

• Tuesday, December 13th 2011 - 06:25 UTC

  Latam juvenile unemployment 14%, but most are informal jobs, says ILO

  

  Juvenile unemployment in Latin America and the Caribbean stands at 14% double the urban rate and 60% of young workers hold informal jobs, according to Elizabeth Tinoco from the International Labour Organization.

• Tuesday, December 13th 2011 - 06:21 UTC

  Cameron reaffirms decision and tells Parliament UK has not lost influence in EU

  

  British PM David Cameron has said he “genuinely looked to reach an agreement” at the EU summit but vetoed treaty change because it was not in the national interest. Cameron told MPs he negotiated in “good faith” and his demands were “modest, reasonable and relevant”.

• Tuesday, December 13th 2011 - 06:14 UTC

  Euro zone deal had to be supported by the ECB in its first test

  

  European summit deal to strengthen budget discipline in the Euro zone failed to restore financial market confidence on Monday, forcing the European Central Bank to step in again gingerly.

• Monday, December 12th 2011 - 20:33 UTC

  China securities commission exposes biggest-ever case of stocks’ manipulation

  

  China Security Regulatory Commission exposed its biggest-ever case of stock market manipulation in a show of strength by the new securities regulator, who has vowed to crack down on rampant illegal trading.

• Monday, December 12th 2011 - 20:05 UTC

  Extended corruption in access to land in 61 countries, claims FAO and Transparency

  

  The UN Food and Agriculture Organization, FAO, and Transparency International have detected serious corruption problems in the access to land in at least 61 countries, among which some in Latinamerica.

• Monday, December 12th 2011 - 19:54 UTC

  Mercosur planning to change rules to ensure full incorporation of Venezuela

  

  Uruguayan president Jose Mujica announced Mercosur is considering the modification of legislation so that Venezuela can definitively be incorporated as a full member to the South American trade block, which has been blocked for several years now by the Paraguayan Congress.