Stories for October 2014

Thursday, October 16th 2014 - 07:30 UTC
Venezuela 'ripe' for default on foreign debt forecast Reinhart and Rogoff

Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on “every conceivable kind of domestic debt”.
Thursday, October 16th 2014 - 07:00 UTC
Falkland Islands distinguished as the “Best Destination for Wildlife and Nature”

The Falkland Islands have been awarded the “Best Destination for Wildlife and Nature” prize by the Travel Agents Choice Awards, an annual event organized by the prestigious tourism industry publication, Selling Travel Magazine.
Wednesday, October 15th 2014 - 23:44 UTC
Much mud-slinging but no definitive KO in Dilma/Neves first round of debates

Brazilian President Dilma Rousseff and rival presidential candidate Aecio Neves have clashed over corruption and the state of the economy in the first of a series of televised debates ahead of the second round of presidential elections. 26 October.
Wednesday, October 15th 2014 - 23:36 UTC
Brazil will rise fuel prices to help government managed debt-laden Petrobras

Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said this week.
Wednesday, October 15th 2014 - 23:32 UTC
Petrobras sets a new oil and gas production record during September

Petrobras announced a new oil output record in Brazil, during September with an average of 2.23 million barrels of oil per day (bpd) production in the country, including in this total the fields operated by the state-owned company for its partners. The volume is 0.3% higher than breaks August record.
Wednesday, October 15th 2014 - 20:00 UTC
The ten biggest energy company bankruptcies

Running a multi-billion dollar energy company isn't easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance.
Wednesday, October 15th 2014 - 10:31 UTC
Argentine delegation after trade and investors in India

A numerous Argentine delegation will be attending this week trade and investment conferences in New Delhi as part of the country's efforts to increase exports to the growing Indian market and attract investors.
Wednesday, October 15th 2014 - 10:24 UTC
Open debate in the Vatican: conservative bishops disagree with “gay approach”

Conservative Roman Catholic prelates have vowed to change a controversial Vatican document that held out the possibility of a major shift in the Church's attitude towards homosexuals.
Wednesday, October 15th 2014 - 10:17 UTC
Citigroup exiting retail business in 11 markets including 6 in Latin America

Citigroup said on Tuesday that it will bow out of the retail banking business in 11 markets, part of its ongoing effort since the financial crisis to restructure and slim down. The news came as the bank announced third-quarter earnings.
Wednesday, October 15th 2014 - 08:53 UTC
Chile convinced of the Mercosur/Pacific Alliance 'convergence' led by Brazil

Chile is confident that in coming months there will be 'significant' advances in a convergence of the Pacific Alliance and Mercosur, said Andres Rebolledo, Chile's Deputy Trade minister during a visit to Brazil.