Stories for October 2012

Monday, October 29th 2012 - 13:00 UTC
Argentina and Iran meet in Geneva to discuss 1994 deadly bombing in Buenos Aires

Argentine and Iranian representatives are meeting in Geneva on Monday to discuss a 1994 bombing of a Jewish aid association in Buenos Aires that killed 85 people and injured 300 others, the Argentine Foreign Ministry said Sunday.
Monday, October 29th 2012 - 12:31 UTC
Wall Street closes down Monday, Tuesday as hurricane Sandy advances on New York area

Wall Street stock and options markets will be closed on Monday and possibly Tuesday, the exchange operator said, going back on a plan that would have kept electronic trading going on Monday.
Monday, October 29th 2012 - 12:26 UTC
With the charisma of Lula da Silva, Brazilian ruling party takes control of Sao Paulo city

Fernando Haddad of Brazil’s ruling Workers Party, a protégé of ex-president Lula da Silva, won Sao Paulo’s mayoral runoff election, according to official results. With 92% of ballots counted, Haddad had secured 56% to defeat his opposition rival and former presidential candidate Jose Serra of the Brazilian Social Democratic Party who received 43.9%.
Monday, October 29th 2012 - 12:14 UTC
Piñera and Chilean political system shocked by 60% abstention in municipal elections

Chilean President Sebastian Piñera says the decision by many Chileans not to vote in Sunday's local elections is a “warning sign” that should be heeded. The polls, the first to be held since voting was made voluntary, were marked by an abstention of 60%.
Saturday, October 27th 2012 - 04:23 UTC
Argentina rejects bonds’ discrimination ruling and will go to US Supreme Court

Argentina downplayed the significance of the US Appeals Court ruling in support of investment funds that were ‘discriminated’ in the payment of their sovereign bonds vis-à-vis those that accepted the restructure of the massive 2002 Argentine default.
Friday, October 26th 2012 - 21:33 UTC
US economy beats forecasts and expands on stronger consumer spending

The economy expanded more than forecast in the third quarter, paced by a pickup in consumer spending, a rebound in government outlays and gains in residential construction. GDP rose 2% annual rate after climbing 1.3% in the prior quarter, Commerce Department figures showed on Friday.
Friday, October 26th 2012 - 21:30 UTC
Spain unemployment and economic situation only comparable to Franco’s days

Spain's unemployment rate hit a record high in the third quarter, with one in four out of work and more expected to lose their jobs in 2013 as the next phase of government cutbacks kicks in.
Friday, October 26th 2012 - 21:27 UTC
End of bunga-bunga: ex PM Berlusconi handed jail sentence for tax fraud

Former Italian Prime Minister Silvio Berlusconi has been handed a jail sentence and barred from office after being found guilty of tax fraud. The Milan court sentenced him to four years but later cut it to one year because of an amnesty law.
Friday, October 26th 2012 - 21:20 UTC
Vulnerable Brazil: 53 million people in 11 states in the dark for over four hours

A massive blackout left as many as 53 million Brazilians in the dark late Thursday and early Friday, the latest in a string of energy shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.
Friday, October 26th 2012 - 21:15 UTC
Chile places 1.5bn dollar-bonds at lowest financing cost of any emerging country

Chile placed 1.5 billion in dollar-denominated bonds on international markets at historic yields, giving the country the lowest borrowing cost of any emerging country, Finance Minister Felipe Larrain said on Thursday.