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DIARY-Top Economic Events to Oct 19

LIMA- International Monetary Fund/World Bank discussion on " Ensuring Inclusive Development: Good Practices in Promoting Accountability in Latin America"- 1700 GMT. LIMA- International Monetary Fund/World Bank discussion on "Labor Market's Impact from the Slowdown in Latin America"- 1900 GMT. LIMA- International Monetary Fund/World Bank holds Youth...
Source: Reuters
Italy seeks to prosecute S&P and Fitch over ratings

Five employees from Standard & Poor's and one from Fitch are accused of inflicting unjustified damage to Italy, the Financial Times reports.
Source: Financial Times | By: Elaine Moore
Buffalo's 'industrial cathedrals' slowly finding new life

BUFFALO, N.Y.- A worn-looking collection of grain silos left over from Buffalo's heyday as a shipping hub tower like enormous cement pipe organs along the Buffalo River. Too historic to tear down, too far gone to re-open, these "industrial cathedrals," as preservationist Tim Tielman describes them, have stood frozen in time as Buffalo's waterfront has transformed...
Source: The Associated Press | By: By CAROLYN THOMPSON, Associated Press
Italy to test 80 diesel models of main carmakers - report

ROME, Oct 3- Italy will test about 80 diesel models produced by eight leading carmakers following the emissions scandal at Volkswagen, financial daily Il Sole 24 Ore reported on Saturday. The tests are likely to involve some 1,000 new and used cars and will cover the most common diesel models present in Italy produced by Volkswagen and seven of its main...
Source: Reuters
Sovereign wealth funds double deal volumes to $24.9 bln in Q3

LONDON, Oct 1- Sovereign wealth funds spent a total of $24.9 billion on overseas acquisitions during the third quarter of 2015, almost double the previous quarter as they chased after trophy assets. Thomson Reuters data shows that sovereign wealth funds, which invest windfall revenues from oil and other commodity exports for future generations, were...
Source: Reuters | By: Claire Milhench
ANALYSIS-Italy's Renzi faces uphill struggle over Google Tax plan

*Italy eyes model of British "diverted profits tax". ROME, Sept 30- Under pressure to find resources for his promises of sweeping tax cuts, Italian Prime Minister Matteo Renzi is hoping to raise billions of euros by forcing multinational Internet firms to pay taxes on profits generated in Italy. Treasury Undersecretary Enrico Zanetti said a so-called "Google Tax"...
Source: Reuters
Italy convicts former Alitalia chiefs over 2008 bankruptcy

A Rome court sentenced Giancarlo Cimoli, who ran the company from 2004 to 2007, to eight years and eight months for culpable bankruptcy and market-rigging, while his predecessor Francesco Mengozzi got a five-year sentence. Cimoli, 75, a former head of Italy's state railway, was also fined 240,000 euros and banned from holding a management role in any company...
Source: Reuters
WRAPUP 1-VW staff, supplier warned of emissions test cheating years ago -reports

BERLIN/ ROME, Sept 27- Volkswagen's own staff and one of its suppliers warned years ago about software designed to thwart emissions tests, two German newspapers reported on Sunday, as the automaker tries to uncover how long its executives knew about the cheating. Countries around the world have launched their own investigations after the company was caught...
Source: Reuters | By: Andreas Cremer and Steve Scherer
Migration crisis proves boon for some businesses

BERLIN- People crammed into boats and trekking across borders have become the dominant images of Europe's migrant crisis. Authorities in Germany estimate the cost of housing and feeding migrants alone at about 12,000 euros per person, per year. Entrepreneur Bert Karlsson is among those profiting from the wave of migrants coming to Europe.
Source: The Associated Press | By: By FRANK JORDANS, Associated Press
Bleisure Bits: Strategies for making the most of layovers

Carol Margolis actually tries to get layovers in Amsterdam, an easy airport to fly through for KLM or Delta flights in Europe. With six to eight hours to kill, she stows luggage in a Schiphol airport locker and goes into Amsterdam by train for "lunch along a canal, shopping and people-watching." Jennifer Tombaugh, president of the Tauck luxury tour and cruise company,...
Source: The Associated Press | By: By BETH J. HARPAZ, AP Travel Editor