Stories for October 2013

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.
Wednesday, October 23rd 2013 - 21:21 UTC
Petrobras with sufficient funds to operate Libra; denies need of fuels price increase

Petrobras has sufficient funds on hand to pay its share of a hefty Brazilian government fee for operations at the Libra offshore “pre-salt” oil field and won't need to request a fuel-price increase to meet the obligation, the company's president Graca Foster said on Wednesday.
Wednesday, October 23rd 2013 - 20:55 UTC
BP to supply the bulk of Argentina's natural gas demand in 2014 and 2015

Argentina's state-run energy firm YPF has picked BP to supply the bulk of its liquefied natural gas (LNG) needs in 2014 and 2015 following a major recent tender, according to media sources in Buenos Aires. Energy short Argentina last month launched its annual tender to secure approximately 5.57 million tons of LNG over the 2014-2015 period to help cover its energy needs.
Wednesday, October 23rd 2013 - 20:51 UTC
Wheat shortage in Argentina has seen bread prices skyrocket; Buenos Aires ton price is double Chicago's

In the last few days the Argentine news media has been focusing on the fact that there does not seem to be enough wheat or corn to go around, which is driving prices higher and causing concern for the users of these grains. This is particularly true for bakeries which have been forced to charge soaring prices for bread.
Wednesday, October 23rd 2013 - 20:20 UTC
Four US super rich contributed 133 million dollars to the 2012 elections, says Wealth-X

As the United States Supreme Court considers whether to remove limits on individuals’ contributions to candidates, political parties and political action committees, Wealth-X released a list of the top five public political donors leading up to the 2012 elections and since then.
Wednesday, October 23rd 2013 - 16:40 UTC
German Catholics can only remain in the Church if they pay membership tax, rules court

Germany's Roman Catholics can only remain part of the Church if they pay a membership tax, a court has ruled. All Germans who are officially registered as Catholics, Protestants or Jews pay a religious tax, worth an extra 8-9% of their income tax bill.