Stories for November 6th 2012

Tuesday, November 6th 2012 - 06:43 UTC
Chilean presidential campaign virtually takes off with reshuffle of cabinet

Chilean President Sebastian Piñera shuffled his cabinet to allow ministers with presidential aspirations to leave, as his embattled conservative coalition seeks support before presidential elections in November 2013.
Tuesday, November 6th 2012 - 06:38 UTC
Venezuelan leader establishes similarities between the governments of Argentina and Venezuela

Henrique Capriles, the runner-up in Venezuela’s recent presidential elections, commented on comparisons between Argentina’s and Venezuela’s governments in an article published on Sunday in an Argentine provincial newspaper.
Tuesday, November 6th 2012 - 06:33 UTC
Argentina to appeal Ghana court decision to move ‘Libertad’ from commercial port

A Ghanaian court authorized on Monday to have Argentina’s ARA Libertad navy training frigate, impounded over a lawsuit filed by a US based fund, removed from Tema’s commercial port to another local pier in order to liberate space that’s crucial for the in and out of cargo liners.
Tuesday, November 6th 2012 - 06:28 UTC
Latam labour market ‘fairly resilient’ to the slowdown of the regional economy in 2012

According to the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO), labour markets in Latin America and the Caribbean were fairly resilient to the slowdown in the regional economy in the first half of 2012, which bodes well for a positive outcome in this year's employment and unemployment indicators.
Tuesday, November 6th 2012 - 06:25 UTC
Spain breaks another unemployment record in October; 52% for the under 25

The number of job seekers in Spain soared to the highest level in at least 16 years in October, the Labour Ministry reported on Monday. As recession deepens the number of officially unemployed jumped by 128,242 people in October which means about 4.83m people were jobless at the end of last month, an increase of 2.7% on September.
Tuesday, November 6th 2012 - 06:20 UTC
US group prepares to take over debt-laden Spanish chain NH Hotels

Spain's NH Hoteles has received a preliminary offer from US private equity firm KKR to buy bonds that can be converted into shares of the debt-laden hotel chain. NH Hoteles, Europe's third largest business hotel operator based on rooms, has long been tipped as a private equity target given its large debt and that of its savings bank shareholders, which together own nearly a third of the firm.
Tuesday, November 6th 2012 - 06:17 UTC
China PM family’s alleged fortune triggers debate on “sunshine law” for Beijing leaders

China’s communist party leadership has launched a probe into the alleged family wealth of Wen Jiabao at the premier's request, according to sources. In a letter submitted to the Politburo Standing Committee, the party's top decision-making body of which the premier is also a member, Wen asked for a formal inquiry into claims made by The New York Times.
Tuesday, November 6th 2012 - 00:40 UTC
Landmark case in Australia rules against S&P for “misleading and deceptive” products

Standard & Poor's lost a landmark case in Australia over top-flight ratings given to financial products that collapsed in the build-up to the 2008 global economic crisis. The Federal Court of Australia on Monday ruled that S&P AAA rating of constant proportion debt obligation notes created by banking giant ABN AMRO and sold to the councils of 13 Australian towns had been “misleading and deceptive”.