International

• Wednesday, October 19th 2011 - 07:27 UTC

  Germany committed to an EU/Mercosur trade agreement said Merkel

  

  The European Union will seek to further discussions over a trade deal with Mercosur at the upcoming G20 summit in Cannes in November announced on Tuesday German Chancellor Angela Merkel alongside visiting Uruguayan president Jose Mujica.

• Wednesday, October 19th 2011 - 07:23 UTC

  After the Falklands war, Brazil helped repatriate Argentine repressor jailed in the UK

  

  The Brazilian dictatorship mediated before London in 1982 to have Navy Captain and notorious repressor Alfredo Astiz, repatriated to Argentina from Britain, where he had been flown after he surrendered the South Georgia garrison to the British Task Force.

• Wednesday, October 19th 2011 - 07:15 UTC

  Another face of American Airlines

  

  ”Welcome to our oneworld Alliance!” In his jovial and gentlemanly manner, Art Torno, American Airline's Vice President - New York, welcomed members of the Foreign Press Association on board the world of alliances and other topics regarding today's aviation industry.

• Wednesday, October 19th 2011 - 06:58 UTC

  The Guardian reports Germany and France agreed on 2 trillion Euros rescued fund

  

  The Guardian newspaper reported on Tuesday that France and Germany had agreed to boost a euro zone financial rescue fund to two trillion Euros pushing US stocks and the Euro higher despite doubts about whether there was such an agreement.

• Wednesday, October 19th 2011 - 06:55 UTC

  Spain’s leading banker says “obligatory” recapitalization could further weaken banking system

  

  Spain’s Banco Santander SA Chairman Emilio Botin warned of the risks of an “obligatory, indiscriminate” recapitalization of European banks without a final resolution of the sovereign debt crisis.

• Wednesday, October 19th 2011 - 06:51 UTC

  Subtle warning from Moody’s to Paris on the French banking system

  

  In a carefully worded statement, Moody's Investor Service hinted that the outlook for France's top-tier credit rating could be at risk. The nation still enjoys “very high government financial strength,” said the ratings agency in its annual credit report on France, released late Monday.

• Wednesday, October 19th 2011 - 06:44 UTC

  Rousseff calls on rich countries for a ‘credible agreement’ to overcome EU crisis

  

  Leaders from India, Brazil and South Africa on Tuesday urged the world's rich countries to contain their financial crises and prevent the global economy from slipping into a double dip recession.

• Wednesday, October 19th 2011 - 06:22 UTC

  “Vulnerable to funding stress” Moody’s downgrades Spain’s sovereign rating

  

  Moody's Investors Service cut Spain's sovereign ratings by two notches, saying high levels of debt in the banking and corporate sectors leave the country vulnerable to funding stress.

• Tuesday, October 18th 2011 - 09:04 UTC

  Mujica tries “to sell” Uruguay in Hamburg; Tuesday with Chancellor Merkel

  

  Uruguayan president Jose Mujica tried to seduce German investors and business people during his first day visit to Germany which has been marked by the impact of the European crisis. On Tuesday he is scheduled to meet Chancellor Angela Merkel and President Christian Wulff.

• Tuesday, October 18th 2011 - 02:43 UTC

  Falling profits and Flight 447 tragedy trigger major reshuffle in Air France-KLM

  

  Air France-KLM Group recalled Jean- Cyril Spinetta, 68, as chief executive officer and ousted Pierre-Henri Gourgeon amid slumping earnings and questions regarding the role of pilots in a fatal crash.