Stories for October 2009

Thursday, October 22nd 2009 - 08:04 UTC
IMF is not the cause of Argentina’s poverty: “we are to blame”

Argentina’s former cabinet chief Alberto Fernandez said the International Momentary Fund, IMF, is not the cause of the country’s poverty. His statements come in the middle of negotiations between the administration of President Cristina Fernandez de Kirchner and the IMF for a possible understanding which could open the way for fresh funds for Argentina.
Thursday, October 22nd 2009 - 01:37 UTC
Gibraltar in OECD/G 20 offshore banking “white list”

Following the signing of Tax Information Exchange Agreements earlier this week with Finland, Greenland and Faroe Islands, Gibraltar has now signed 13 such agreements, and has accordingly been transferred by the OECD on to the so called ‘White List’, Gibraltar Government has announced.
Thursday, October 22nd 2009 - 00:54 UTC
Desire has raised sufficient funds to ensure Falklands’ oil drilling campaign

Desire Petroleum, the oil and gas exploration company focused on the North Basin of the Falkland Islands announced Wednesday it has conditionally placed 60 million new ordinary shares of 1p each at an issue price of 70p per share, thereby raising £42 million (68 million US dollars) before expenses.
Thursday, October 22nd 2009 - 00:14 UTC
FAO working to recover fisheries in world’s second largest mountain lake

FAO is implementing a trust fund project to improve fisheries and aquaculture management in the Asian Kyrgyz Republic which aims to increase the capacity of the fisheries sector to generate food, employment and income for the rural population in an environmentally sustainable manner.
Wednesday, October 21st 2009 - 22:47 UTC
SeaCargo convention in Miami looks at Uruguay as Mercosur gateway

Uruguay as the natural gateway to Mercosur, --South America’s main trading block-- will be the top issue to be discussed at the SeaCargo Americas AirCargo Americas Conference special seminar to he held November 5th in Miami with the participation of hemispheric port, airport and logistics leaders.
Wednesday, October 21st 2009 - 22:38 UTC
UK Home Secretary admits 40.000 rejected migrants are “missing”

Ministers have lost track of around 40,000 migrants with no right to be in Britain, it has been revealed. The Home Office admitted the illegal immigrants should have left the country more than six years ago but could still be here.
Wednesday, October 21st 2009 - 12:47 UTC
Brazil’s investment tax tumbles stock exchange and the Real

Brazil's stock market suffered one of its worst one-day plunges in three months and the currency sank after the government imposed a tax on foreign investments in local stocks and bonds. The Bovespa index of the Sao Paulo stock exchange dropped 2.88% to 65,303.11, after closing at its strongest level since June 2008 the previous session.
Wednesday, October 21st 2009 - 12:43 UTC
The world on wheels: China reports record sales of cars

Chinese annual car production has topped 10 million for the first time as carmakers boost output to meet growing demand, state media has said. The 10 millionth car produced this year rolled off the First Automobile Works Group assembly line in Changchun, the official Xinhua News Agency reported.
In September sales soared 78% compared to a year ago totalling 1.33 million units.
Wednesday, October 21st 2009 - 10:32 UTC
FAO provides satellite high-resolution data to combat deforestation

The UN Food and Agriculture organization, FAO, and other partners have made available a worldwide, free and ready-to-use high-resolution satellite data with the purpose of monitoring forests and help reduce emissions from deforestation and forest degradation.
Wednesday, October 21st 2009 - 10:31 UTC
Olympics’ Rio do Janeiro faces a seven year battle to clean the city

The death toll of a weekend shootout in Rio do Janeiro shanty towns between police forces and drug dealers climbed to 25 with the discovery of several bodies, --one of them in a supermarket cart--, and the death of a third police officer from a downed helicopter.