Stories for October 12th 2010

Tuesday, October 12th 2010 - 20:10 UTC
New UN Security Council members expected to push strongly for reforms

Germany, India, South Africa and Colombia have won two-year seats on the UN Security Council as non veto power members. Portugal got the other available place when Canada withdrew its bid after the second round of voting at the UN General Assembly in New York.
Tuesday, October 12th 2010 - 19:29 UTC
UK wants to sell Brazil 11 naval bases, but is a late starter behind France and Italy

Britain is ramping up efforts to sell about 11 new naval vessels, including frigates, to the Brazilian Navy in a bid to catch up with marketing efforts launched by France and Italy, according to a recent article from DefenseNews.
Tuesday, October 12th 2010 - 07:00 UTC
Brazilian economy larger than Italy’s next year, according to IMF estimates

Brazil's economy will likely be larger than that of Italy next year, according to the latest data from the International Monetary Fund (IMF).
Tuesday, October 12th 2010 - 06:59 UTC
China resumes purchases of Argentine soy beans banned since April

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.
Tuesday, October 12th 2010 - 06:55 UTC
Nobel Economics Prize for experts in labour market and jobs

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.
Tuesday, October 12th 2010 - 06:51 UTC
“Queen Elizabeth” maiden voyage fully booked less in less than 30 minutes

The Queen has officially named Cunard's new Queen Elizabeth cruise ship in the port of Southampton. The ship will leave on her maiden voyage to the Canary Islands on Tuesday - a trip that was fully booked less than 30 minutes after going on sale.
Tuesday, October 12th 2010 - 06:36 UTC
UN corn and soybean futures resumed rally on Monday

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.
Tuesday, October 12th 2010 - 01:02 UTC
Falklands’ military tests: CFK complains to UN; UK says it’s 28 year routine

Argentine Ambassador to the United Nations Jorge Argüello confirmed Monday that a copy of the formal verbal complaint to London was channelled to UN Secretary-General Ban Ki-Moon as a way of deepening the protest over the military exercises being deployed by British forces in the Falklands/Malvinas Islands.
Tuesday, October 12th 2010 - 00:57 UTC
Falklands fishing boat and Argentine Navy “unsettling’ encounter

An encounter between an Argentine Naval vessel and trawler fishing in Falklands waters was described as ‘unsettling’ today by Director of the Falkland Islands Fisheries Department John Barton.
Tuesday, October 12th 2010 - 00:55 UTC
The Kirchner couple government “is corroded by corruption”

Peruvian Nobel Literature Prize 2010 Mario Vargas Llosa claims Argentine president Cristina Fernández de Kirchner leads a “government corroded by corruption” and said that Argentina is disappearing as a political reference in Latinamerica.