Stories for October 9th 2012

Tuesday, October 9th 2012 - 03:15 UTC
IMF top economist points to global uncertainty; wishes forecasts were ‘inaccurate’

The IMF cut its global growth forecast for the second time since April and warned US and European policymakers that failure to fix their economic ills would prolong the slump.
Tuesday, October 9th 2012 - 03:10 UTC
Euro-zone launches 500bn bailout fund; Spain “needs no aid program”

Euro-zone finance ministers launched their permanent 500 billion Euro bailout fund on Monday but said Spain, the country widely expected to be first to draw on it, was taking steps to overhaul its economy and did not need a bailout for now.
Tuesday, October 9th 2012 - 02:48 UTC
IMF cuts Latam growth forecast to 3.2% and 2.9% in 2013; Brazil 1.5% and 4%

The IMF cut its growth forecasts on Monday for Latin America and its largest economy Brazil, against a backdrop of deteriorating global growth and contagion risks if the Euro zone crisis deepens and China's growth slows more than expected.
Tuesday, October 9th 2012 - 02:45 UTC
Fifty large Brazilian cities face run offs on 28 October; Sao Paulo an open race

Fifty large Brazilian cities will be holding a run off at the end of the month following on Sunday’s results of the municipal elections when the ruling Workers Party and the opposition Brazilian Social Democracy Party, PSDB, confirmed their leaderships.
Tuesday, October 9th 2012 - 01:38 UTC
Paraguay Senate plans to reject instruments used by Mercosur to sanction the country

The Paraguayan Senate will be addressing on Thursday the Ushuaia II Protocol and the Unasur Additional Protocol on democratic commitment, both instruments used by Mercosur and Unasur last June to have Paraguay suspended from the two organizations.
Tuesday, October 9th 2012 - 01:24 UTC
Hague reaffirms Gibraltar sovereignty but calls for more cooperation with Spain

The British Government and the Government of Gibraltar must work ever more closely together in a spirit of openness and trust to further mutual interests and “without conceding on sovereignty, which must remain paramount,” they must also look to the future and work to strengthen relationships with Spain”.
Tuesday, October 9th 2012 - 01:13 UTC
Gibraltar unveils management scheme for its territorial waters

The Gibraltar Government has provided for more protection for British Gibraltar Territorial Waters with the publication of the revised Southern Waters of Gibraltar Management Scheme.
Tuesday, October 9th 2012 - 01:09 UTC
Nobel in Medicine for stem-cells reprogramming that could some day repair damaged organs

Scientists from Britain and Japan shared the Nobel Prize in Medicine for the discovery that adult cells can be reprogrammed back into stem cells which can turn into any kind of tissue and may one day repair damaged organs.
Tuesday, October 9th 2012 - 00:35 UTC
Falkland Islands unravelled

By Alicia Dunkley-Willis, Jamaica Observer - What does a country with 3,000 people and nearly half a million sheep look like? After 18 hours of flying and trekking through four airports, I was determined to find out.
Tuesday, October 9th 2012 - 00:03 UTC
Designer brands fleeing from Argentina’s imports and exchange restrictions

Kenzo, Louis Vuitton, Armani, Calvin Klein, Polo Ralph Lauren, Cartier are some of the designer luxury brands that have left or are leaving Argentina forced by the very strict import restrictions and money exchange controls.