Stories for October 6th 2014

Monday, October 6th 2014 - 21:17 UTC
Dilma retained majority in Congress, theoretically, given the volatility of Brazilian parties

The multi-party coalition that currently supports Brazilian president Dilma Rousseff lost ground in Sunday's election but will keep its majority in Congress following on the results released by the country' Superior Electoral Tribunal, TSE.
Monday, October 6th 2014 - 18:10 UTC
UK protests incursion of Gibraltar waters by Spanish research vessel

The Foreign Office reacted strongly to the 5 October 2014 serious incursion into British Gibraltar Territorial Waters (BGTW) by a Spanish state research vessel. In response to the incident, the Minister for Europe, the Rt Hon David Lidington MP, earlier called Spanish Secretary of State for Foreign Affairs Gonzalo de Benito to express his grave concern.
Monday, October 6th 2014 - 11:45 UTC
Euro zone, an economy struggling against multiple headwinds

A survey measuring business activity in the Euro zone shows the economy remains “stuck in a rut”, according to the company behind the report. The Euro zone purchasing managers index (PMI) fell to 52 in September, down from an initial estimate of 52.3.
Monday, October 6th 2014 - 07:51 UTC
Sao Paulo state, Brazil's largest electoral district delivers solid win for Neves party

The social-democrat (PSDB) governor from the state of Sao Paulo, Brazil's largest electoral district, Geraldo Alckim was re-elected on Sunday with 57,7% of ballots, which ensures a strong spring board for the presidential runoff between president Dilma Rousseff and her PSDB challenger on 26 October, Aecio Neves.
Monday, October 6th 2014 - 07:33 UTC
Italian holdouts, following on Paul Singer, present demand against Argentina

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.
Monday, October 6th 2014 - 07:19 UTC
Falklands' offshore Scotia well not viable: Noble Energy will take 75m write down

Houston-based Noble Energy will take a 75 million write down for exploration costs after determining that its offshore Scotia well in the Falkland Islands is not commercially viable. The well was drilled in 2012 using 2D seismic interpretation but was deemed non-commercial following analysis of 3D seismic data.
Monday, October 6th 2014 - 07:07 UTC
EU and US advance in trade talks but high barriers remain

Officials from the United States and the European Union say they have made progress as they seek to sweep away trade barriers. Teams from the two sides have held a week of discussions in Chevy Chase, Maryland. If successful an agreement would create the world's biggest free trade zone.
Monday, October 6th 2014 - 06:48 UTC
Spanish fighter jets enter Gibraltar air space in “reckless and dangerous” stunt

Spanish fighter jets illegally entered UK airspace to fly “across the bows” of a British airliner in a “reckless and dangerous” stunt over Gibraltar, according to a report in the Sunday Express.
Monday, October 6th 2014 - 06:44 UTC
Uruguay forced to lower public utility rates to keep inflation below 10%

Uruguay's inflation indicator dropped to 8.36% in September from 8.75% in August, according to the latest report from the country's stats office INE. During September consumer prices increased a full 1%, and 8,04% in the first nine months of the year. However despite the high percentage it is below the same period a year ago: 8.41%.
Monday, October 6th 2014 - 06:34 UTC
BBC2 To Gear claims “they threw us out of Argentina for the political capital”

BBC2’s Top Gear presenter Jeremy Clarkson has said his crew did nothing wrong and affirmed “someone could have been killed”, following incidents in which a group of people in Tierra del Fuego threw stones at their cars, thinking the license plates they used for filming were directly alluding to the Falklands/Malvinas War.