Stories for October 10th 2014

Friday, October 10th 2014 - 09:12 UTC
Will Ukraine commit economic suicide?

Ukraine is on the brink of committing economic suicide after imposing a crippling 55% tax on private gas producers, while parliament prepares to vote on next year's budget, which aims for a continuation of the same.
Friday, October 10th 2014 - 06:13 UTC
Bumper harvests and stockpiles driving down cereal prices, says FAO report

Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years, according to the latest edition of FAO's biannual Food Outlook report and a new update to the Organization's monthly Food Price Index.
Friday, October 10th 2014 - 05:44 UTC
Falkland Islands' Tourist Board gearing up for another busy season

The Falkland Islands Tourist Board is in the final stages of Phase 2 renovations on the Jetty Visitors Centre which will complete the planned works said Tourist Board Managing Director Tony Mason, adding, “plans have been made to get the car park ready well ahead of the first cruise ship arrival.”
Friday, October 10th 2014 - 05:34 UTC
WB tribunal rules Venezuela must pay ExxonMobil 1.6bn dollars for 2007 nationalization

A World Bank arbitration tribunal has determined Venezuela must pay ExxonMobil Corp. around 1.6 billion dollars to compensate for a 2007 nationalization, the award posted on the ICSID website on Thursday showed.
Friday, October 10th 2014 - 05:30 UTC
Industrial activity in Argentina down 2.9% in eight months of the year

Industrial activity in Argentina dropped 4.9% during August compared to the same month a year ago, reported the Argentine Industrial Union (UIA), the country's most influential manufacturers' lobby. This represents its sixth straight fall and a 2,9% decline for the first eight months of 2014.
Friday, October 10th 2014 - 05:25 UTC
Buenos Aires City inflation in September up 2.2% and 40.3% in twelve months

The Buenos Aires City consumer price index climbed 2.2% during September accumulating 40.3% in the last twelve months according to the latest release from the City's stats office. So far this year (nine months) inflation has reached 31.1%
Friday, October 10th 2014 - 05:18 UTC
Rousseff and Neves in 'statistical tie' according to the latest opinion polls

Pro-business candidate Aecio Neves has a slight lead of 2 percentage points over President Dilma Rousseff ahead of the October 26 runoff in Brazil's presidential elections, according to two new polls released on Thursday.
Friday, October 10th 2014 - 05:14 UTC
French writer Modiano Nobel Literature Prize for his “art of memory”

France's Patrick Modiano won the Nobel Literature Prize on Thursday for his enigmatic novels rooted in the trauma of the Nazi occupation and his own loveless childhood.
Friday, October 10th 2014 - 05:01 UTC
Latam headed for a third year of foreign trade stagnation, reports ECLAC

Latin America and the Caribbean's foreign trade will experience its third year of stagnation in 2014, because of minimal growth in exports and a slight decline in imports, the Economic Commission for Latin America and the Caribbean (ECLAC) reported on Thursday.
Friday, October 10th 2014 - 04:47 UTC
Damon Albarn apologizes to Argentina for Top Gear's offensive behavior

Damon Albarn has apologized to the people of Argentina after Top Gear offended the population with an inappropriate number plate while filming their BBC show in the country. In effect during his set at one Buenos Aires main theatres this week the Blur front-man called To Gear's Jeremy Clarkson a “f****** a*****” over the serious gaffe.