MercoPress. South Atlantic News Agency
Stories for May 7th 2010
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Friday, May 7th 2010 - 01:16 UTC
Brazilian Bishops Distance Peer who Argues Adolescents are “Spontaneously Homosexual”
Brazil’s Catholic bishops rejected statements from their Porto Alegre peer, Monsignor Dadeus Grings who—in the midst of a global scandal over priests’ sexual abuse of minors—argued that modern society is naturally “paedophile”.
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Friday, May 7th 2010 - 00:47 UTC
Greek Contagion Threatens South Europe and UK Banks Warns Rating Agency
Banks in the United Kingdom and Europe risk their credit ratings being damaged because of “contagion” from Greece's debt crisis, a ratings agency has warned. Moody's said banking systems faced “very real, common threats” if doubts were raised about their governments' abilities to pay debts. It referred specifically to UK, Irish, Italian, Portuguese and Spanish banking systems.
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Friday, May 7th 2010 - 00:44 UTC
LAN Readies Expansion into Colombian and Brazilian Markets
Chile's flagship carrier LAN Airlines S.A. (NYSE:LFL) is looking to enter the Colombian domestic passenger market by helping Colombia’s Aeroasis S.A. obtain the necessary permits to operate in the country, Chief Executive Enrique Cueto said on Thursday.
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Friday, May 7th 2010 - 00:40 UTC
IMF Chief to visit Latin America, “Region Brimming with Energy and Promise”
IMF Managing Director Dominique Strauss-Kahn will travel to Brazil and Peru from May 25-28 to meet with government leaders, leading figures from the private sector, and with students and academics as part of efforts to engage more closely with stakeholders in the region.
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Friday, May 7th 2010 - 00:38 UTC
Greece Shocked by Riot Deaths; Parliament Approves Draconian Saving Reforms
Greece's parliament approved Thursday the hefty cuts and reforms proposed by the government to address the country's financial crisis. Members voted 172-121 to pass the bill, which includes tax rises and cuts in pensions and public sector bonuses. Police used tear gas to disperse protestors who rallied outside. On Wednesday, three bank workers died in a petrol bomb attack as demonstrations over the planned austerity measures turned violent.
