Stories for October 2011

Thursday, October 27th 2011 - 23:22 UTC
Obama upbeat with the EU deal and improved performance of the US economy

President Barack Obama said on Thursday that European Union leaders have laid “a critical foundation” to solve the Euro zone debt crisis with their deal announced Wednesday evening.
Thursday, October 27th 2011 - 23:16 UTC
Uruguay passes bill eliminating prescription of crimes against humanity

The Uruguayan Congress passed early Thursday a law that eliminates the effects of the 1986 Amnesty Law (also known as Expiry Law), which protected police and military personnel from being prosecuted for human rights violations, and repeals a statute of limitations that would have prevented victims from filing criminal complaints as of 1 November.
Thursday, October 27th 2011 - 23:13 UTC
CFK opens huge mausoleum on first anniversary of her late husband death

President Cristina Fernández de Kirchner, CFK, attended Thursday a small private ceremony at the Río Gallegos cemetery (Santa Cruz province) and paid tribute to her late husband and former president, Néstor Carlos Kirchner, on the first anniversary of his death.
Thursday, October 27th 2011 - 20:41 UTC
VW plans 2bn factory in Pernambuco with Brazilian long-term soft loan

Volkswagen AG is negotiating with Brazilian authorities to build a 2 billion dollars factory in Brazil -- the latest foreign automaker looking to raise local output after a tax increase on imported cars
Thursday, October 27th 2011 - 20:13 UTC
Centennial of Amundsen and Scott’s South Pole feat next 14 December

British and Norwegian teams are in Punta Arenas, extreme south of Chile, preparing for a repeat of the South Pole feat on 14 December 1911 first accomplished by explorer Roald Amundsen and a month later by Sir Robert Scott.
Thursday, October 27th 2011 - 20:09 UTC
Wall Street growing insider trading scandal catches another big fish

Ex-Goldman Sachs director Rajat Gupta has turned himself in to the FBI and pleaded not guilty in court to securities fraud before being freed on a 10 million dollars bail.
Thursday, October 27th 2011 - 16:24 UTC
FDI in Argentina falls 30%; in Brazil and Colombia soars 157% and 91%

Foreign direct investment, FDI, in Argentina fell 30% in the first six months of this year, while the whole of Latin America and the Caribbean received 54% more, the United Nations Economic Commission for Latin America said in a report on its website.
Thursday, October 27th 2011 - 16:20 UTC
Peugeot cuts costs in Europe and announces double production in Brazil

French auto giant PSA Peugeot Citroen plans to double production in Brazil by 2015, part of a global shift towards emerging economies hastened by the downturn in Europe and the United States.
Thursday, October 27th 2011 - 16:16 UTC
Drilling program in central Argentina makes three oil discoveries

Petrogas announced three conventional oil discoveries from the recently-completed exploration drilling program on the Rinconada Norte block (96 sq. km. or 37 sections) located in La Pampa Province in the eastern margin of the Neuquén Basin of Argentina.
Thursday, October 27th 2011 - 15:57 UTC
France praises Argentina justice system over the sentencing of Astiz

French Foreign Affairs Minister, Alain Juppé praised on Thursday the life sentence declared by the Argentine justice system against former navy spy, Alfredo Astiz, for the crimes against humanity, tortures and kidnappings he committed during the last military dictatorship. Juppé said the decision “honours Argentina.”