
As many as 45.5 million people were without job in August in the Organisation for Economic Cooperation and Development (OECD) region, reflecting sluggish labour market conditions in mostly developed nations.

The White House has ruled out a temporary ban on the repossession of homes, despite a growing row over alleged malpractice. Some US banks have already imposed their own moratorium on foreclosures while they investigate possible legal flaws in the eviction process.

The Japanese cabinet has approved a plan to pump more than 60 billion US dollars into the country's struggling economy. The aim of the plan - which still needs approval from parliament - is to boost growth, jobs and spending.

Brazil's economy will likely be larger than that of Italy next year, according to the latest data from the International Monetary Fund (IMF).

China’s two largest state-owned grains and oilseeds trading companies to import soybean oil from Argentina, easing restrictions imposed in April. Beijing-based Cofco Ltd., China’s biggest grain trader, and China Grain Reserves Corp. have been cleared by the commerce ministry to import soybean oil from Argentina.

US born Peter Diamond and Dale Mortensen, and British-Cypriot Christopher Pissarides, have won the 2010 Nobel economics prize. They were honoured for work on how unemployment, job vacancies and wages are affected by regulation and policy.

United States corn and soybean futures resumed their rally Monday as a surprising government crop report from last week continued to drive concerns over supplies.

Automobile production in Brazil is forecasted to grow 13.1% this year, more than the 6.5% expansion predicted previously according to the national automakers' association Anfavea. Output will probably end the year at 3.62 million units, Anfavea said.

The European Union and the Mercosur trade bloc resumed on Monday a new round of talks in Brussels aimed at reaching free trade agreement in the near future after years of no talks. In the immediate the blocs are seeking to outline a work scheme that could be kicked off in December.

A delegation of Saudi agro-business entrepreneurs headed by the Agriculture minister (and member of the royal family) visited Uruguay with the purpose of establishing a fluid trade exchange and on the long term a strategic alliance.