Stories for October 2010

Wednesday, October 6th 2010 - 02:19 UTC
IMF says financial system remains “Achilles heel of global recovery”

Progress to restore global financial stability has suffered a setback in advanced economies, the International Monetary Fund said in its latest Global Financial Stability Report, with markets still sensitive to negative surprises.
Wednesday, October 6th 2010 - 02:15 UTC
IMF chief admits danger of “currencies as a policy weapon”

Countries risk undermining the global economic recovery if they use their currencies to try to boost domestic growth, the head of the International Monetary Fund warned on Tuesday in a newspaper interview.
Wednesday, October 6th 2010 - 00:13 UTC
Fed and ECB “flood of liquidity” plunging the world into “chaos” warns Stiglitz

The policies of extremely low interest rates maintained by the Federal Reserve and the European Central Bank are plunging the world into chaos instead of helping with the recovery of the global economy, the winner of the Nobel Prize in economics, Joseph Stiglitz, said on Tuesday.
Tuesday, October 5th 2010 - 23:32 UTC
“Disaster risk” and potential economic losses in 17 Latam countries

Latin America and the Caribbean face potentially crippling economic and social costs from natural disasters and need to do more to reduce risks and prepare government finances to respond to eventual catastrophes, says a new set of indicators by the Inter-American Development Bank (IDB).
Tuesday, October 5th 2010 - 23:20 UTC
Brazil doubles tax on foreign investors buying local bonds and fixed return assets

Brazil doubled this week the tax on foreign investors buying local bonds or making deposits in fixed returns in an attempt to curb a currency rally that has turned into an issue in the country's presidential race.
Tuesday, October 5th 2010 - 22:50 UTC
Latin America poised to grow 5.5% to 6% this year, says IDB

Latin America is poised to expand between 5.5% and 6% this year based on the sustained improvement of commodities pirces, productivity gains and domestic market expansion, said the president of the Inter American Development Bank, IDB, Luis Alberto Moreno.
Tuesday, October 5th 2010 - 22:05 UTC
Leading Tory ministers and advisors attend Gibraltar reception in Birmingham

Gibraltar Chief Minister, Peter Caruana addressed leading MPS and guests on Sunday at the start of the British Conservative conference in Birmingham.
Tuesday, October 5th 2010 - 21:50 UTC
Catholic Church insists in questioning Nobel Prize to in vitro fertilization

International Federation of Catholic Medical Associations has declared its disagreement with Prof. Robert Edwards being awarded the Nobel Prize for Medicine for his work in developing in vitro fertilization. The problems of infertility, the group said in an official statement, must be solved within an ethical framework which respects the dignity of the embryo as a human being.
Tuesday, October 5th 2010 - 20:50 UTC
A third of Peruvians have opted for a moderate, female mayor

A moderate leftist who gained renown as a human rights advocate consolidated what remained a narrow lead (0.81%) Tuesday over her pro-business rival. Whoever wins, Lima will have its first elected female mayor ever.
Tuesday, October 5th 2010 - 20:30 UTC
Falklands’ Governor Designate swearing in ceremony October 16th

The swearing in ceremony for Falkland Islands Governor Designate, Nigel Haywood CVO has been announced for Saturday October 16 and will be followed by a parade and a reception at Government House.