Stories for October 17th 2011

Monday, October 17th 2011 - 17:28 UTC
Germany warns Greek bondholders will have to accept steeper ‘hair-cut’

Germany lowered expectations of a breakthrough in the Euro zone's sovereign debt crisis next weekend, saying Sunday's EU summit will not produce a final solution, and kept up pressure on banks to accept bigger write-downs on Greek debt.
Monday, October 17th 2011 - 17:24 UTC
Pirelli to invest 500m in Argentina factory to recover Mercosur tyre market

Facing losing market shares in the Mercosur region, Italy’s Pirelli is to build a new radial truck tyre factory in Argentina involving an investment of 500 million dollars. Construction will begin in 2012, with first-phase capacity on stream in 2014.
Monday, October 17th 2011 - 17:05 UTC
Paraguay holds the chair of Unasur as of next October 29

Paraguay will be receiving the pro-tempore chair of Unasur (Union of South American Nations) from Guyana next October 29 during the Ibero-American summit which will be taking place in Asuncion.
Monday, October 17th 2011 - 14:57 UTC
Rockhopper is ready to begin drilling another two wells in Falklands’ waters

Falkland Islands explorer Rockhopper Exploration (RKH) has secured the Ocean Guardian drilling rig for another well in the burgeoning oil province.
Monday, October 17th 2011 - 14:27 UTC
Newcastle barrister takes Senior Magistrate job in Falklands Islands

A barrister is swapping his job in the North East for a top role in the Falkland Islands.
Carl Gumsley is swapping busy city life for beautiful landscapes and fascinating wildlife as he takes on the role of senor magistrate, reports Journal liveuk.co.
Monday, October 17th 2011 - 06:59 UTC
Brazil Sports minister: next victim of the corruption-exposure campaign?

Brazil’s largest circulation magazine Veja, claimed in its last edition that the Sports Minister Orlando Silva has been involved in corruption actions totalling millions of dollars originally destined to promote sports among children from poor households.
Monday, October 17th 2011 - 06:56 UTC
Primary ballot results indicate Bolivians have turned their backs on Morales

Most Bolivians who voted in Sunday's election to choose the country's top judges cast invalid ballots in what would be a stinging rebuke for President Evo Morales, according to unofficial partial results.
Monday, October 17th 2011 - 06:51 UTC
Venezuela’s Chavez returns to Cuba for ‘fourth and final’ cancer treatment

Venezuelan President Hugo Chavez returned to Cuba on Sunday to undergo a series of medical tests to evaluate his cancer treatment. Chavez, who finished what he described as his fourth and final round of chemotherapy in Cuba last month, said he will be undergoing what he described as “rigorous examinations”.
Monday, October 17th 2011 - 06:45 UTC
ECB president Trichet calls for deep changes in the EU treaty

European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, and urged stronger governance of the Euro zone.
Monday, October 17th 2011 - 06:39 UTC
Red Cross world report says there are more obese people than chronically hungry

The Red Cross has come out with a report which reveals that ironically today there are more obese people in the world compared to those who suffer from chronic hunger. The organization reports that last year there were 1.5 billion obese people compared to 925 million undernourished people.