Stories for May 28th 2013

Tuesday, May 28th 2013 - 06:10 UTC
YPF loses arbitration that could cost 1.6bn dollars; stocks plunge 3.6%

YPF the oil company seized by Argentina’s government last year has lost an arbitration case with a Brazilian company that may cost as much as 1.6 billion dollars in indemnity payments. There was an immediate reaction and YPF shares lost the most among Argentina’s major stocks, 3.6%.
Tuesday, May 28th 2013 - 06:06 UTC
Royal Caribbean “Grandeur of the Seas” suffers accident, cancels cruise

Royal Caribbean International announced on Monday that the 31 May 2013 sailing of Grandeur of the Seas from Baltimore, Maryland, will be cancelled to allow for repairs to damages sustained as a result of a fire.
Tuesday, May 28th 2013 - 06:00 UTC
Fearing Andes volcano eruption, Chile and Argentina order mandatory evacuation

Chilean and Argentine authorities declared a red alert and ordered the mandatory evacuation of a 25-km radius around the active Copahue volcano, which straddles the border between the two Andean nations.
Tuesday, May 28th 2013 - 05:57 UTC
Brazil World Cup 2014: heavy rain tears through roof a newly constructed stadium

Heavy rains in the Brazilian north-eastern city of Salvador tore through the roof of a newly constructed stadium for Confederations Cup soccer games starting next month, a warm-up before Brazil hosts the World Cup next year.
Tuesday, May 28th 2013 - 03:07 UTC
Argentina and Brazil ‘fear’ a greater integration with China, says Mujica

Uruguayan president Jose Mujica currently in Beijing on an official visit, underlined the significance of China in trade and investments fro South America, but also admitted there is some ‘fear’ mainly from Argentina and Brazil about a greater integration and dependency from the Asian giant.
Tuesday, May 28th 2013 - 00:11 UTC
Paraguay has received no invitation for the Mercosur June summit

Paraguayan Foreign minister Jose Fernandez Estigarribia said on Monday that so far Asuncion has not received any invitation from Mercosur to attend the coming summit at the end of June, and there haven’t been any talks about the issue. Last week the Argentine ambassador in Uruguay Dante Dovena had anticipated that Paraguay would be attending the Mercosur summit.
Tuesday, May 28th 2013 - 00:08 UTC
Venezuelan H1N1 flu outbreak has killed 17 and infected another 250, according to health sources

An outbreak of H1N1 flu has killed 17 people in Venezuela and infected another 250, private media and local authorities said on Monday. H1N1, often referred to as swine flu, was a flu strain that swept around in the world in a 2009/2010 pandemic.
Tuesday, May 28th 2013 - 00:03 UTC
Venezuelans bishops warn government that there is a shortage of mass wine and hosts

Catholic News Agency reports that the serious food shortage in Venezuela could lead to a lack of wine and hosts for the celebration of Mass. Reporter Macky Arenas Arenas explained that the shortage in the country is due to “the lack of raw materials.”