Stories for October 19th 2011

Wednesday, October 19th 2011 - 06:58 UTC
The Guardian reports Germany and France agreed on 2 trillion Euros rescued fund

The Guardian newspaper reported on Tuesday that France and Germany had agreed to boost a euro zone financial rescue fund to two trillion Euros pushing US stocks and the Euro higher despite doubts about whether there was such an agreement.
Wednesday, October 19th 2011 - 06:55 UTC
Spain’s leading banker says “obligatory” recapitalization could further weaken banking system

Spain’s Banco Santander SA Chairman Emilio Botin warned of the risks of an “obligatory, indiscriminate” recapitalization of European banks without a final resolution of the sovereign debt crisis.
Wednesday, October 19th 2011 - 06:51 UTC
Subtle warning from Moody’s to Paris on the French banking system

In a carefully worded statement, Moody's Investor Service hinted that the outlook for France's top-tier credit rating could be at risk. The nation still enjoys “very high government financial strength,” said the ratings agency in its annual credit report on France, released late Monday.
Wednesday, October 19th 2011 - 06:47 UTC
Three men charged with the rape and killing of French tourists in Argentina

Three men were charged in Argentina with murder and aggravated sexual abuse in the case of two French tourists who were found shot to death in a nature preserve to the north of the country nearly three months ago.
Wednesday, October 19th 2011 - 06:44 UTC
Rousseff calls on rich countries for a ‘credible agreement’ to overcome EU crisis

Leaders from India, Brazil and South Africa on Tuesday urged the world's rich countries to contain their financial crises and prevent the global economy from slipping into a double dip recession.
Wednesday, October 19th 2011 - 06:32 UTC
Argentine farmers promise that “claims from our sector will keep coming”

Argentine Rural Society’s head, Hugo Biolcati, praised the visit President Cristina Fernández made to Coninagro farmers’ federation, but emphasized that “the claims from our sector will keep coming.”
Wednesday, October 19th 2011 - 06:22 UTC
“Vulnerable to funding stress” Moody’s downgrades Spain’s sovereign rating

Moody's Investors Service cut Spain's sovereign ratings by two notches, saying high levels of debt in the banking and corporate sectors leave the country vulnerable to funding stress.
Wednesday, October 19th 2011 - 01:25 UTC
Good prospects for Falklands’ tourism arrivals, with cruise visitors up 17%

The Falkland Islands Tourist Board has just completed its latest Falklands Forecast and all indications are showing a positive increase across the board for the 2011-2012 tourism season.