Stories for November 2016

Wednesday, November 23rd 2016 - 15:56 UTC
Anses sells off all its Petrobras Argentina shares worth US$ 156 million

As a part of the Pampa Energía takeover bid strategy, the Pensions Bureau guarantee fund had to sell its 11.85 % stake. It also holds 18% of Pampa's shares and saw no point in increasing that to 23% when prospects of a merger are on the radar. “If we didn't sell, they would have merged us with Pampa anyway,” a top Anses official said.
Wednesday, November 23rd 2016 - 15:35 UTC
TPP without the US would be “meaningless” says Japanese PM Shinzo Abe

The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.
Wednesday, November 23rd 2016 - 15:31 UTC
Buckingham Palace to undergo US$ 455m renovation: not all taxpayers pleased to pay the bill

Buckingham Palace will undergo a ten-year US$ 455 million renovation process set to begin in April and needed to prevent potentially catastrophic building failure. It will replace decades-old wiring, radiators and lead pipes that currently put the 775-room palace at risk for fire, flood and other dangers. Her Majesty Queen Elizabeth, who turned 90 in April, will stay in residence during the makeover.
Wednesday, November 23rd 2016 - 15:16 UTC
Argentina's tax amnesty program “rescues” US$ 21.9bn including US$ 7.2bn in cash

Argentines have so far declared US$21.9 billion in previously hidden assets in the country's tax amnesty program meant to help jump-start the economy, Alberto Abad, director of the AFIP tax collection agency, said on Tuesday. That included US$7.2 billion in cash deposits, Abad said.
Wednesday, November 23rd 2016 - 15:07 UTC
Prosecution warns Congress planning to shut down Petrobras investigation: “the corrupt have a lot of power”

The top prosecutor in Brazil's biggest ever corruption investigation has called on the public to rally around the operation in the face of attempts to shut it down. There are fears that Congress while passing anti corruption measures would also include in an unofficial amnesty for existing cases.
Wednesday, November 23rd 2016 - 15:03 UTC
Petrobras case connections in Geneva targeted by Swiss prosecution

The Office of the Attorney General of Switzerland has opened criminal proceedings against a former senior executive at the Geneva-based commodity trader Trafigura. The case is reportedly linked to corruption involving the Brazilian state-run oil company Petrobras.
Wednesday, November 23rd 2016 - 15:02 UTC
British government sells 721m Lloyds shares; stake down to 8%

The British government has taken advantage of recent share price strength and sold 721m Lloyds Banking Group shares. The share sale reduces the government’s stake in the lender to just under 8%. In total, the taxpayer owns a cool 5.7bn shares in Lloyds.
Wednesday, November 23rd 2016 - 11:50 UTC
Macri-Trump families links much closer that believed; Ivanka speaks to Argentine president

Ivanka Trump, daughter of U.S. President-elect Donald Trump, briefly joined her father's telephone call with Argentine President Mauricio Macri earlier this month, Macri's spokesperson said on Tuesday.
Wednesday, November 23rd 2016 - 11:41 UTC
Uruguay ratifies OAS convention for human rights protection of the elderly

Uruguay became the first member state of the Organization of American States (OAS) to deposit the instrument of ratification of the Inter-American Convention on the Protection of the Human Rights of Elderly Persons. The Permanent Representative of Uruguay, Hugo Cayrús, recalled that the legislature of his country ratified the Convention in September.
Wednesday, November 23rd 2016 - 10:59 UTC
Partnership with Latin America and the Caribbean strategic for China

Chinese President said that his country's alliance with Latin America and Caribbean countries was of “strategic” importance as he opened the Economic Commission for Latin America and the Caribbean (ECLAC) Media Leaders Summit in Santiago.