Stories for December 11th 2016

Sunday, December 11th 2016 - 23:14 UTC
Peru's Air Force Mi-8/17 helicopters secure spares from Russia as of next year

The Russian Helicopters holding came out the winning bidder on supply of spare parts for Mi-8/17 helicopters of Peru’s Air Force and will start deliveries next year, Executive Director of the company Grigoriy Kozlov said on Friday. The company also plans to build a pilot training center in Peru next year, it was announced.
Sunday, December 11th 2016 - 22:07 UTC
Global de-mining conference in Chile concerned over growing use of improvised landmines

The Anti-Personnel Mine Ban Convention's Fifteenth Meeting of the States Parties (15MSP) concluded a week of work in Santiago, Chile, recording success in stockpile destruction with Poland announcing it had destroyed one million stockpiled landmines bringing to 158 the number of States that no longer hold stocks.
Sunday, December 11th 2016 - 22:04 UTC
In 8-0 decision US Supreme Court rules in favor of Samsung in milestone patents' case for the industry

In a unanimous decision on Tuesday, the U.S. Supreme Court threw out a lower court’s US$399 million judgment against Samsung for violating patents involving Apple’s iPhone. The decision overturns a victory that Apple had won in the Washington, D.C.-based U.S. Federal Circuit Court of Appeals.
Sunday, December 11th 2016 - 21:16 UTC
Brazil: strong rate cuts ahead because of recession, indicate Central bank minutes

Fears of a slower economic recovery in Brazil could pave the way for heftier rate cuts, the central bank said clearly signaling more aggressive monetary easing ahead as the country's worst recession in memory worsens.
Sunday, December 11th 2016 - 21:13 UTC
Petrobras ordered to temporarily suspend divestiture program; court wants to review asset sales

Brazil's federal auditing court (TCU) asked state-controlled oil company Petrobras to temporarily suspend its divestiture program while the court reviews asset sales procedures. The decision could delay Petrobras efforts to raise US$15.1 billion from asset sales by the end of 2016 as a way to reduce its huge debt -- the largest in the global oil industry.
Sunday, December 11th 2016 - 21:09 UTC
Venezuela prints 20.000 Bolivars bills to match hyperinflation

Venezuela's new currency will go into circulation on December 15 in denominations of 20,000, 10,000, 5,000, 2,000, 1,000 and 500 Bolivars, with 100-, 50- and 10-bolivar coins, the Venezuelan Central Bank (BCV) announced.
Sunday, December 11th 2016 - 19:56 UTC
Deloitte Brazil admits false auditing and obstructing investigations

The United States accounting watchdog hit Deloitte's Brazil division with a record US$8 million fine for issuing false audits of a US-traded Brazilian airline and then doctoring papers to thwart an investigation, the agency said.
Sunday, December 11th 2016 - 19:53 UTC
Brazil fines five global banks for manipulating exchange rates

Brazil’s antitrust body has slapped five banks with fines worth a combined 183.5 million reais (US$ 54 million) for creating a cartel to manipulate exchange rates, official sources announced. CADE, an office in charge of preventing economic abuse, announced that it had hit Barclays, Citicorp, Deutsche Bank, HSBC and JPMorgan Chase with the fines for participating in anti-competitive activities.
Sunday, December 11th 2016 - 18:46 UTC
A Positive Report on The Falklands

An update on the progress of the Falkland Islands’ economy has been given to the Falkland Islands Association at their annual general meeting in London. Member of the Legislative Assembly, Mr. Mike Summers indicated that all aspect of the Islands development were doing well.