Stories for January 4th 2013

Friday, January 4th 2013 - 23:40 UTC

Brazil appeals to sovereign fund and state companies’ profits to meet 2012 fiscal target

Mantega said that tax breaks meant 45bn Reais less for the Treasury last year

Brazil tapped into its sovereign wealth fund and state companies’ profits in an effort to meet its 2012 fiscal target.

Friday, January 4th 2013 - 23:23 UTC

Pure adrenaline: world’s most extreme 15-day competition takes off in Lima

This year’s edition of the Dakar rally covers 8.574 kilometres and three countries: Peru, Chile and Argentina

Competitors are putting the final touches to their motorcycles, quad bikes, cars and trucks ahead of the start of one of the world’s most extreme races. The Dakar Rally returns once again to South America, beginning in Lima, capital of Peru on Saturday January 5, before making its way to Santiago de Chile for a grand finale outside La Moneda on January 20.

Friday, January 4th 2013 - 22:15 UTC

EU expects to advance trade talks with Mercosur late this month in Chile

EU/Peru and Colombia free trade agreements will be ratified during the summit, said Ambassador Dochao

The European Union expects to advance cooperation and trade discussions with Mercosur late this month in Chile in the sidelines of the EU/Celac (Community of Latin American and Caribbean States), said EU ambassador in Chile, Rafael Dochao Moreno.

Friday, January 4th 2013 - 22:13 UTC

Swiss bank pleads guilty in US court to helping tax evasion and closes definitely

Wegelin, in the small Swiss town of St Gallen, started in business 35 years before the US independence

Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin, which was established in 1741, has also agreed to pay 57.8m dollars in fines to US authorities. The bank had admitted to allowing more than 100 American citizens to hide 1.2bn dollars from the Internal Revenue Service for almost 10 years.

Friday, January 4th 2013 - 22:09 UTC

Argentina implements strict rules and controls on the soccer industry

Measures in order to make the soccer players market more transparent

Every soccer team from the Argentine First and Second Division will as of this week have to open a bank account where they will deposit the total sum of money generated from soccer player transfers. Financial rights will now solely belong to the entities involved.

Friday, January 4th 2013 - 05:29 UTC

Former Director of three Departments awarded MBE ‘for services to Falklands’ interests’

Phyl Rendell MBE was Director of Education, Mineral Resources and Agriculture

The only Falkland Islander to figure in this year’s New Year’s Honours List was recently retired Director of Mineral Resources, Phyllis Mary Rendell, who was awarded an MBE for, “services to Falkland Islands interests.”

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