Stories for October 9th 2012

Tuesday, October 9th 2012 - 21:21 UTC
Australia becomes world’s 12th economy ahead of Spain, Korea and Mexico

Australia has become the world's 12th biggest economy as it continues to out-grow recession-ravaged parts of Europe. New figures from the IMF confirmed Australia had replaced Spain as the 12th biggest economy as measured by GDP at market exchange rates.
Tuesday, October 9th 2012 - 21:07 UTC
World Bank further lowers China’s growth prospect as Euro zone and US falter

World Bank has lowered its growth forecast for China citing weak demand for its exports and lower investment growth. The bank said it expects China's economy to grow by 7.7% this year, down from its projection of 8.2% in May.
Tuesday, October 9th 2012 - 20:34 UTC
Economic downturn in Spain: Red Cross to make first ever public appeal

The Red Cross is to make its first ever public appeal in Spain to help those affected by the economic crisis. It will ask Spanish people to donate money to help 300.000 of the most vulnerable people.
Tuesday, October 9th 2012 - 20:26 UTC
UK displays ‘red line’ in plan to merge defence giants EADS and BAE Systems

France and Germany must reduce their stakes in defence firm EADS if the UK is to allow a proposed merger with BAE Systems to go ahead, Defence Secretary Philip Hammond has said.
Tuesday, October 9th 2012 - 20:15 UTC
Ghana court to rule Thursday on the release of Argentina’s Navy vessel

The case of the seized Argentine naval ship ARA Libertad was heard on Tuesday by a Ghana Commercial Court which will rule on Thursday whether to release the vessel impounded on arrival last week at the Port of Tema, according to the official Ghana News Agency.
Tuesday, October 9th 2012 - 10:48 UTC
Brazil and Argentina mend trade fences: end to impediments for fruit and pork

Brazil announced on Monday it had fully restored agriculture trade with Argentina which means there should be no further impediments or red tape for Argentine fruit or for Brazilian pork.
Tuesday, October 9th 2012 - 06:36 UTC
Chavez invites Capriles for a pleasant discussion and a call for national unity

Venezuelan President Hugo Chavez said he had a pleasant meeting and discussion with the opposition candidate Enrique Capriles, whom he invited Monday evening to the presidential Palace following his re-election victory on Sunday.
Tuesday, October 9th 2012 - 04:11 UTC
Brazil strongly supports Argentina Falklands’ claim at defence ministers’ summit

Brazil came out strongly in support of Argentina’s sovereignty claims over the Falklands/Malvinas Islands and criticized British military exercises in the Islands during his speech on Monday to the Americas Defence ministers’ conference taking place in Punta del Este, Uruguay.
Tuesday, October 9th 2012 - 04:07 UTC
Chinese auto manufacturers flocking to open plants in Brazil

Anhui Jianghuai Automobile Co Ltd has become the latest Chinese automaker to invest in a production project in Brazil, the world's fourth-largest automobile market, to avoid the high taxes on imported vehicles.
Tuesday, October 9th 2012 - 04:02 UTC
Wikileaks Assange bail guarantors ordered to pay £ 93.000

Nine people who put up bail for WikiLeaks founder Julian Assange, including two members of the British aristocracy and a Nobel Prize winner, were ordered to pay 93,000 pounds on Monday after Assange took refuge in Ecuador's embassy.