Latin America

• 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 - 06:03 UTC

  World Economic Forum invites Chilean student leader to annual summit

  

  The World Economic Forum (WEF) has released a self-made video of Giorgio Jackson, current president of Chile’s Universidad Católica student federation and one of the highest profile leaders of Chile’s student movement of 2011, giving a short talk in English.

• Monday, December 12th 2011 - 20:22 UTC

  Peruvian government ally abandons cabinet fearing ‘militarization’

  

  Former president Alejandro Toledo announced Sunday that his party was leaving Peru's ruling coalition after President Ollanta Humala appointed an ex-army officer as the new prime minister.

• 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.

• Monday, December 12th 2011 - 04:45 UTC

  Chinese President Hu Jintao special envoy meets with new Argentina authorities

  

  Argentina's new Vice President and Speaker of the Senate Amado Boudou met on Friday with Chinese President Hu Jintao's special envoy Jiang Shusheng to further promote bilateral relations.

• Monday, December 12th 2011 - 04:40 UTC

  Chile names Harvard-educated economist as new Central bank president

  

  Chile named this week member of the board and Harvard-educated Rodrigo Vergara Montes as the new President of the Central bank replacing outgoing Jose De Gregorio. President Sebastian Piñera still has to name the fifth member of the board.

• Monday, December 12th 2011 - 04:29 UTC

  Humala reshuffles cabinet and names former military officer Prime Minister

  

  Peruvian President Ollanta Humala has picked Jorge Humberto Merino, who worked for the government agency that promotes foreign investment, to be his new mines and energy minister, local media reported on Sunday.

• Monday, December 12th 2011 - 04:27 UTC

  Chile with the worst OECD indexes; income ratio between rich and poor 27 to 1

  

  According to a new study by the Organization for Economic Co-operation and Development, income inequality in most economically developed countries is the worst it has been in nearly 25 years. Ten countries from the OECD report, particularly Chile are identified as having the worst income inequality.

• Saturday, December 10th 2011 - 05:55 UTC

  Argentina and Brazil agree to jointly promote trade and manufacturing

  

  Argentina and Brazil agreed on Friday to “increase” in the “short term” regional trade in a shared strategy to address the consequences of the global crisis. The commitment was endorsed by Argentina’ Industry minister Debora Giorgi and her Brazilian counterpart Fernando Pimentel.

• Saturday, December 10th 2011 - 05:52 UTC

  IMF praise for Uruguay but warns about the need of labour flexibility

  

  The IMF recommended Uruguay greater flexibility in the management of macroeconomic policy, ahead of unexpected changes in the international scenario.