Stories for October 24th 2013

Thursday, October 24th 2013 - 21:13 UTC
Pescanova 'faked' annual turnover in 2011 and 2012 by 80%, says KPMG audit

The auditing firm KPMG found out that the Galician multinational firm Pescanova ‘blew up’ up to 1,264% the price of seafood products sold to the 14 instrumental (straw) companies with which it operated through fake invoices.
Thursday, October 24th 2013 - 21:10 UTC
Falklands praises inter-parliamentary friendship group announced in Panama Assembly

The Falkland Islands Government has welcomed an announcement from the Panamanian National Assembly approving the formation of the Falkland Islands–Panamanian Inter-parliamentary Friendship Group.
Thursday, October 24th 2013 - 07:59 UTC
Cristina Fernandez is 'doing fine', but must continue with 30 days of rest and no stress

Argentine president Cristina Fernandez had a “neurologic-image control” test on Wednesday late evening at the Favaloro Hospital in Buenos Aires, following surgery last 8 October to remove a cranium blood clot. It was her first exit since 13 October when she was discharged from hospital and sent to the Olivos presidential residence for a strict 30 day rest-recovery period ordered by her medical team.
Thursday, October 24th 2013 - 07:54 UTC
'Parallel dollar holiday' in Argentina until after Sunday's election is anticipated

Despite a full-fledged crackdown on the 'cave-exchanges' in the financial sector of Buenos Aires the 'parallel' US dollar ended Wednesday trading as on the previous day at 10.05 Argentine Pesos while the official rate stood at 5.82 Pesos (buying price) and 5.87 Pesos (selling price).
Thursday, October 24th 2013 - 07:51 UTC
Brazil sells 3.2bn dollars in new global bonds to improve the best yield curve

Brazil sold about 3.2 billion dollars of new global bonds due in 2025, more than twice the original launch amount, as it paid the largest premium over U.S. Treasuries for a similar maturity since 2009 (approx 4.3%). The National Treasury is also buying back about 2 billion dollars of high-coupon notes maturing between 2017 and 2030.
Thursday, October 24th 2013 - 07:44 UTC
Falklands' oil companies FOGL and Desire merger should be finished by 19 December

Falkland Oil and Gas Ltd updated investors on its proposed merger with Desire Petroleum (DES) Wednesday lunchtime, signaling the combination should be finished by 19 December.
Thursday, October 24th 2013 - 07:36 UTC
Consortium led by Total to invest 1.2bn offshore Tierra del Fuego for natural gas

France's Total will lead a 1.2 billion dollars project to produce natural gas off the coast of Tierra del Fuego in the extreme south Argentina. In partnership with Wintershall AG and Pan American Energy LLC, they will drill as deep as 5.5 kilometers in the Vega Pleyade field, according to Javier Rielo who heads the project.
Thursday, October 24th 2013 - 07:25 UTC
Former Ecuadorean judge admits taking bribes in pollution case against Chevron

A former Ecuadorean judge who presided over a pollution case against Chevron Corp. (CVX) testified that he and a colleague who issued a 19 billion judgment against the company in the environmental lawsuit were bribed.
Thursday, October 24th 2013 - 07:19 UTC
Argentina takes full control of railway line following a second crash in 18 months

Argentina took full control of another railway commuter line following the latest crash last week that left over a hundred people injured at the same Once station where in a similar accident 18 months ago 52 were killed and dozens suffered serious injuries.