Vale to pay $9.6 billion Brazil tax bill after big discount
RIO DE JANEIRO (Reuters) – Brazilian miner Vale SA said on Wednesday that it agreed to pay 22.325 billion reais ($9.61 billion) in taxes on profit from overseas operations, accepting an offer from Brazil’s government that cuts a disputed back-tax bill …
Barclays Capital ordered to pay $2.1 million to NY trader
(Reuters) – Barclays Capital Inc has been ordered to pay $2.1 million to a New York-based trader it fired last year in connection with the alleged rigging of the London interbank offered rate, or Libor, according to arbitration documents.
Exclusive: Argentina’s YPF says Repsol deal will attract oil investment
BUENOS AIRES (Reuters) – The compensation deal being negotiated between Argentina’s YPF and Spain’s Repsol will open opportunities for foreign companies to invest in the South American country’s untapped oil and natural gas resources, YPF chief Miguel …
Cutbacks by resource firms to spark disputes with governments: report
LONDON (Reuters) – Disputes between resource groups and governments are likely to keep increasing as commodity prices fall and companies slash spending on new projects, according to a report by London-based think-tank Chatham House.
Exclusive: Argentina’s YPF says Repsol deal will attract oil investment
BUENOS AIRES (Reuters) – The compensation deal being negotiated between Argentina’s YPF and Spain’s Repsol will open opportunities for foreign companies to invest in the South American country’s vast untapped oil and natural gas resources, the head of …
Dow and S&P 500 hit records, Nasdaq lifted by tech
NEW YORK (Reuters) – The Dow and the S&P 500 closed at record highs on Wednesday, led by Hewlett-Packard’s jump a day after the personal computer maker’s earnings, while the Nasdaq finished at a 13-year high.
Citigroup seeks to end financier Hands’ U.S. lawsuit over EMI
NEW YORK (Reuters) – British financier Guy Hands is engaging in “legal tourism” by pursuing a U.S. lawsuit accusing Citigroup Inc bankers of defrauding him into overpaying for music company EMI Group Ltd, and his case should be dismissed because it doe…
Analysis: High-ethanol gas – Not coming to a pump near you
CHICAGO (Reuters) – A month ago, Steve Walk was on the brink of deals to sell two big oil refiners some of his company’s specialized oil pumps, which serve up fuel that is 85 percent ethanol, a biofuel made mostly from corn.
Brazil’s Vale to pay $9.61 billion back tax bill on overseas units
RIO DE JANEIRO (Reuters) – Brazilian mining company Vale said on Wednesday that it agreed to pay 22.325 billion reais ($9.61 billion) in back taxes to the Brazilian government on profit from overseas operations, after agreeing to a payment plan with ta…
SAC’s Steinberg wanted ‘edgy’ information, ex-analyst says
NEW YORK (Reuters) – A former analyst testified on Wednesday that SAC Capital Advisors portfolio manager Michael Steinberg pushed him to obtain “edgy” information about technology companies after he had made money-losing recommendations.
