Stories for October 9th 2014

Thursday, October 9th 2014 - 10:36 UTC
YPF goes overseas: signs agreement with Ecuador to recover mature fields

Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.
Thursday, October 9th 2014 - 08:28 UTC
Brazil's Socialist party announces support for Neves on 26 October runoff

The political party that launched environmentalist Marina Silva's unsuccessful presidential bid has thrown its support behind pro-business candidate Aecio Neves for Brazil's Oct. 26 runoff vote against populist President Dilma Rousseff.
Thursday, October 9th 2014 - 08:23 UTC
“Holdouts” reveal alleged money laundering operations of business people close to Cristina Fernandez

The American Task Force (AFTA) sponsored by 'holdouts' NML in litigation with Argentina over sovereign bonds payment, revealed on Wednesday foreign accounts of Argentine public works contractor, believed to be involved with the Kirchner family businesses, Lazaro Baez, and showed a map with the money movement, allegedly committing the crime of money laundering.
Thursday, October 9th 2014 - 08:14 UTC
A blow for Dilma: Brazil's September inflation at its highest in three years

Brazil's annual inflation rate in September rose way above the official target to the highest in nearly three years, giving fresh ammunition to opposition candidate Aecio Neves in a run-off vote later this month against President Dilma Rousseff.
Thursday, October 9th 2014 - 08:04 UTC
Colombia and Panama in retaliatory clash over tax haven controversy

Panama on Wednesday rejected its inclusion on Colombia's list of tax havens and said it will take retaliatory action against its neighbor. Panama has “a competitive and sound tax system, and therefore the national government categorically rejects any tax-haven designation,” the Central American nation's Foreign Ministry said in a statement.
Thursday, October 9th 2014 - 07:59 UTC
OAS Electoral observation mission in Bolivia for Sunday's election

Former Guatemalan president Alvaro Colom has arrived in La Paz as Chief of the Electoral Observation Mission from the Organization of American States (OAS/EOM) to head the group of 63 people who will observe Bolivian general elections of 12 October.
Thursday, October 9th 2014 - 07:55 UTC
Chemistry Nobel Prize for creators of 'nanoscopy' which peers into molecules of cells

A German and two American scientists won on Wednesday the 2014 Nobel Prize for Chemistry for smashing the size barrier in optical microscopes, allowing researchers to see individual molecules inside living cells.
Thursday, October 9th 2014 - 07:44 UTC
HMS Iron Duke and Ice Patrol HMS Protector coincide in South Georgia

The Royal Navy HMS Iron Duke on Atlantic Patrol Tasking south berthed this week in South Georgia for a few days where she also met with Ice Patrol HMS Protector which arrived at the islands on her deployment to Antarctica, after battling hurricane force winds and 24 meters waves.
Thursday, October 9th 2014 - 07:17 UTC
“Easy money” will be around for some time still, say Fed's minutes

US markets rose sharply after minutes from the September meeting of the Federal Reserve were released. The transcript indicated that US central bankers were wary of raising rates too soon. Officials were worried markets were too focused on a rate rise happening during a specific period of time.
Thursday, October 9th 2014 - 07:09 UTC
Low interest rates could lead to operations with riskier assets, warns IMF

The International Monetary Fund has warned of new risks to global financial stability. Low interest rates could lead investors to buy riskier assets as they seek better returns, the IMF says.