Neighbors turn up the heat on Indonesia over forest fires Every day, it alone determines which city will be shrouded by peaty white smoke blowing from burning forests in Indonesia. Like neighbors who must tolerate the bad habits of the family next door, Malaysia, Singapore and Thailand have endured the annual problem of smoke that stings the eyes, irritates the throats and shuts down schools and airports.
Source: The Associated Press
| By: By ANNABELLE LIANG and VIJAY JOSHI, Associated Press
GRAINS-Prices rise on technicals, positioning before U.S. reports *Traders look ahead to USDA reports due on Friday. *Egypt buys Russian, Ukrainian wheat in tender. However, advancing U.S. harvests and sluggish export demand will limit gains until the USDA resolves uncertainty over acreage in the monthly reports, said Rich Feltes, head of market insights for U.S. broker RJ O'Brien.
| By: Tom Polansek
Former UBS banker avoids jail after serving as U.S. witness MIAMI, Oct 5- A former Swiss banker who pleaded guilty to aiding Americans hide money from U.S. tax authorities was sentenced to five years probation and fined $150,000 in a West Palm Beach federal court on Monday, his lawyer said. Hansruedi Schumacher, 57, was indicted in 2009 along with a Swiss tax attorney and charged with conspiring to defraud the United States.
| By: Zachary Fagenson
This is a beacon of light in Southeast Asia The palm oil sector is a bright spot for investors in Southeast Asia because of supply disruptions from Indonesia's forest fires, says Nirgunan Tiruchelvam, director of research at Religare Capital Markets Singapore.
Hip hotels get boost from crowdfunding Crowdfunding, which made possible both the Pebble smartwatch and the Oculus Rift virtual reality system, is now becoming a trend in the hotel space.
| By: Harriet Baskas, Special to CNBC
Ethiopia aims to grow tourism threefold in five years - minister ADDIS ABABA, Oct 4- Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa's fastest-growing economies. Though lacking the palm-fringed beaches and safari trails of neighbouring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.
| By: Aaron Maasho
REUTERS SUMMIT-Russia's push to displace imports will damage economy: ex-WTO chief MOSCOW, Sept 30- Russia's push to boost sales of homegrown products while imports are hit by sanctions will be economically damaging if past experience is any guide, the former head of the World Trade Organisation, Pascal Lamy, said on Wednesday. Trade between Russia and Western countries is restricted by sanctions imposed by both sides over the conflict in...
| By: Jason Bush and Gabriela Baczynska
UPDATE 2-Quorn fields takeover interest from range of parties -sources LONDON, Sept 29- The owners of Quorn, a line of meat-free packaged foods, is facing takeover interest from a range of parties from Asia, Europe and North America, as they look to cash in on the world's growing appetite for healthier food. Monde Nissin from the Philippines and Wilmar International from Singapore are among the parties to have shown an interest,...
| By: Martinne Geller and Freya Berry