Stories for May 22nd 2013

Wednesday, May 22nd 2013 - 06:03 UTC
Uruguay: Mujica on a most ambitious mission to China after investments for ports and railways

Uruguayan President Jose Mujica begins on Wednesday the longest and most ambitious of his overseas trips hoping to convince China to invest in infrastructure projects that are crucial for the development of the country and its foreign trade: a deep water port and recovering the rail cargo network.
Wednesday, May 22nd 2013 - 06:00 UTC
Francis criticizes ‘savage capitalism” and the “logic of profit at any cost”

Pope Francis criticised what he called “savage capitalism” on a visit to a food kitchen on Tuesday, in an address in which he called for the values of generosity and charity to be revived.
Wednesday, May 22nd 2013 - 05:56 UTC
Uruguay joins the women’s presidential club: Mujica flies to China and Astori to Colombia

For several days beginning Wednesday Uruguay, as its neighbours, Brazil and Argentina will be ruled by a woman. Lucia Topolansky, Fist Lady but also Senator and third in the succession line will become interim president since her husband is off on an official trip to China and Europe, and Vice-president Danilo Astori will be attending the Alliance of the Pacific summit in Colombia.
Wednesday, May 22nd 2013 - 05:53 UTC
Uruguay’s main problem is high inflation but no policy changes planned, says Astori

Uruguay's main economic problem is high inflation, and policymakers will continue to use interest rates and bank reserve requirements to bring it under control, Vice President Danilo Astori said on Tuesday. Consumer prices in Uruguay rose 8.14% in the 12 months through April, far outside the country's official annual target range of 4 to 6%.
Wednesday, May 22nd 2013 - 02:12 UTC
Cristina prepares great rally to celebrate ten years of the Kirchnerite model

The Argentine government is preparing for a huge political demonstration next Saturday 25 May to be held in the Plaza de Mayo to celebrate 10 years since President Cristina Fernández late husband and predecessor Néstor Kirchner took office. It will also be a test ahead of the October mid-term election.
Wednesday, May 22nd 2013 - 00:25 UTC
Alliance of the Pacific promotes meeting with business and finance global leaders

A meeting of leading world and regional business and finance corporations representatives is scheduled parallel to the Alliance of the Pacific presidential summit scheduled for this week in the Colombia city of Cali. According to the organizers the event has 250 CEO confirmed for the First Business meeting of the alliance.
Wednesday, May 22nd 2013 - 00:16 UTC
PM Cameron warns 10 Overseas Territories on tax issues: ‘get your house in order’

Prime Minister David Cameron has urged British overseas territories to “get their house in order” and sign up to international treaties on tax. He wrote to 10 territories and crown dependencies, including the Cayman Islands and the Isle of Man, which operate low-tax regimes.
Wednesday, May 22nd 2013 - 00:14 UTC
Carnival cruises profits suffering from a bad spell of vessels’ incidents

Shares in cruise company Carnival have fallen more than 7% after it issued a profit warning its second in just three months. Carnival, which operates ships under brands such as P&O and Costa Cruises, said full year revenues, which were expected to be flat, would now fall 2-3%.