Stories for October 13th 2011

Thursday, October 13th 2011 - 23:41 UTC

IMF says China can partially offset the impact of a global crisis

Yen current level not an immediate risk according to Anoop Singh

China has the scope to respond if global economic risks materialize, and the country's response could partially but not entirely offset the impact of a global crisis, the International Monetary Fund's Asia and Pacific director said on Thursday.

Thursday, October 13th 2011 - 23:37 UTC

“UK pays Falkland Islanders to remain in the Islands and not migrate to Argentina”

Ambassador Argüello described the Islanders a “luxurious English citizens”

Argentina's permanent representative to the United Nation, Jorge Argüello, accused the United Kingdom of paying the Falkland Islanders to remain on the Islands during a conference Wednesday in Mexico’s Autonomous University, UNAM.

Thursday, October 13th 2011 - 23:23 UTC

Argentine ‘Congress inflation’ in August reached 1.89%, double the official index

Silvana Giudice from the Radical party was on the panel announcing the latest index

Argentine opposition members of the Lower House released on Thursday the dissident inflation rate (‘Congress index’) for October. The index, which was set at 1.89%, is based on reports delivered by some private consultants, which differ substantially from that release by the INDEC Statistics Bureau Agency.

Thursday, October 13th 2011 - 23:20 UTC

Fed’s 10-member split in three on stimulus measures, reveal minutes

Ben Bernanke has a delicate balancing job

Three members of the Federal Reserve's Open Market Committee (FOMC) voted against the Fed's latest stimulus measures at its meeting last month, minutes have revealed.

Thursday, October 13th 2011 - 23:14 UTC

German banks fear tough EU recapitalization standards could backfire

Bankers sent a letter to Finance Minister Wolfgang Schaeuble

Germany's banks have said that they should not be pushed to increase their financial cushions beyond existing law under the European Union's effort to shore up the financial system against the debt crisis.

Thursday, October 13th 2011 - 23:02 UTC

UK forces provide a visible demonstration of UK sovereignty over the Falklands

Brigadier Bill Aldridge, ”we're here to deter any military aggression across the whole region”

Next year 30 years will have elapsed since the Falklands conflict, and 13.000km from the UK, the Falklands Garrison is still very much a going concern, providing protection and reassurance for the Islands.

Thursday, October 13th 2011 - 07:53 UTC

Uruguayan First Lady described Vazquez ‘war hypotheses as absurd and a kids’ anecdote

Senator Topolansky comments can be interpreted as coming directly from President Mujica<br />

Uruguay’s First Lady Lucia Topolansky described statements from former president Tabare Vazquez referred to a possible ‘war hypotheses’ with Argentina over the paper mill conflict as ‘absurd’ and recommended those words shouldn’t be considered more than a simple kids’ anecdote.

Thursday, October 13th 2011 - 07:51 UTC

Argentina denies any ‘war hypothesis’ with Uruguay over controversial pulp mill

Former president Vazquez and George W Bush <br />

Argentine officials reacted strongly to remarks from former Uruguayan President Tabare Vazquez who revealed that during the prolonged diplomatic conflict with Argentina over the construction of the Botnia-UPM pulp plant, he feared the situation could have led to an armed confrontation.

Thursday, October 13th 2011 - 07:50 UTC

Colombian president praises US congress for ratifying free trade agreement

Juan Manuel Santos addressed the country on national television <br />

President Juan Manuel Santos praised US Congress ratification of a long-stalled free trade agreement with the United States and said it was a historic day for Colombian business and workers.

Thursday, October 13th 2011 - 07:44 UTC

Blackberry problems spread to the US and main users in South America

“It is a backlog issue” according to RIM software vice president David Yach<br />

Problems with the Blackberry smart-phone system appear to have spread to the United States and several South American countries. Users began to report loss of services on Wednesday, with many turning to Twitter to complain about their lack of email.

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