Stories for October 23rd 2012

Tuesday, October 23rd 2012 - 06:54 UTC
BBC faces major scandal for alleged cover-up of sexual abuse by a presenter

The head of the BBC goes before lawmakers on Tuesday with the publicly funded British broadcaster facing one of the biggest crises in its history over accusations it pulled a probe into sexual abuse by a former presenter as part of a wider cover-up.
Tuesday, October 23rd 2012 - 06:38 UTC
ARA Libertad: Argentine president pledges to never yield to ‘vulture’ funds

Argentine president Cristina Fernández in a national broadcast blasted ‘vulture funds’ retaining the impounded training frigate ARA Libertad in Ghana and pledged never to yield the dignity and sovereignty of the country to these funds.
Tuesday, October 23rd 2012 - 03:20 UTC
Latin American investment in China

By R. Viswanathan (*) - During the sixth China - Latin America Business summit in Hangzhou in October 17-18, the Inter American Development Bank (BID) brought out a report on Latin American investment in China.
Tuesday, October 23rd 2012 - 03:15 UTC
“How to Look Expensive”, the international beauty bible that suits body and budget

By Teresita D'Alessandro* - Reading “How to Look Expensive,” the new book written by Glamour Magazine’s Contributing Beauty Editor, Andrea Pomerantz Lustig, makes you feel like you found the pot of gold at the end of a fashionable rainbow!
Tuesday, October 23rd 2012 - 01:46 UTC
South Georgia cruise season beats the trend and expects better one in 2012/13

A small increase in cruise ship visitors to South Georgia compared to the previous season bucks the trend of the Antarctic region. In the 2011/12 season tourists to the Antarctic fell by 22%, whereas in South Georgia they increased 8%, according to the September edition of the South Georgia Newsletter.
Tuesday, October 23rd 2012 - 01:37 UTC
US oil company team visit Falklands to assess industry’s infrastructure support

US based Noble Energy and farm-in partners with Falkland Islands Oil and Gas (FOGL) visited the Falklands to meet with their partners and the Falklands government and to assess in-situ the oil related infrastructure.
Tuesday, October 23rd 2012 - 01:01 UTC
China’ Sinochem further expands into Brazil’s offshore oil frontier

Brazil's National Petroleum Agency, ANP, approved Chinese oil company Sinochem's purchase of a 10% stake in five offshore blocks as the state-run company continues its expansion into Latin America's hottest oil frontier.
Tuesday, October 23rd 2012 - 00:49 UTC
Brazil central bank takes over mid-size bank; seventh bail-out since 2010

Brazil’s central bank took control of Banco BVA SA (BVA), the seventh lender seized or bailed out by regulators since 2010, after finding violations of industry standards and deteriorating finances.
Tuesday, October 23rd 2012 - 00:40 UTC
German luxury car maker BMW joins Brazil automobile industry

German carmaker BMW plans to build a factory in southern Brazil, a more than 200 million Euros investment expected to create 1,000 jobs. The luxury car giant hopes to start building the plant in April next year and producing cars in late 2014.