Stories for July 27th 2013

Saturday, July 27th 2013 - 20:21 UTC
Cartes declines invitation from Rousseff to attend Pope Francis Sunday mass in Rio

Paraguayan president-elect Horacio Cartes declined a personal invitation from his peer Dilma Rousseff to attend Francis mass on Sunday in Rio do Janeiro, the closing event of the pope’s visit to Brazil, according to one of his top foreign policy advisors.
Saturday, July 27th 2013 - 20:16 UTC
Raul Castro promises ‘gradual and orderly’ transfer of power to new generations

The Cuban Revolution remains a movement of young people, President Raul Castro said on Friday during an event to mark the 60th anniversary of an attack on a military barracks which is considered the starting point of the uprising that brought it to power in 1959.
Saturday, July 27th 2013 - 20:13 UTC
US largest bank moving out of the commodities business; Congress investigation

New York-based JPMorgan, the largest US bank, said that it’s “pursuing strategic alternatives,” including the sale or spin-off of its commodities business, after an internal review. The statement came three days after a US congressional hearing investigated whether deposit-taking banks should be allowed to trade raw materials such as oil and industrial metals.
Saturday, July 27th 2013 - 19:55 UTC
Bay of Gibraltar ‘naval’ battle over artificial reef that prevents Spanish fishing

Drivers were forced to queue for hours in blistering heat as Spain tightened its border controls with Gibraltar in the wake of the standoff at sea on Thursday.
Saturday, July 27th 2013 - 10:18 UTC
Six key Oil & Gas discoveries of 2013: who's worth owning?

By OilPrice.com Premium Analysts - The pace of oil and gas exploration is frightening, and discoveries are weekly, if not daily, with volumes investors would only have dreamt of a decade ago. With each new discovery, it becomes difficult to keep track of the playing field, and even more difficult to rank the potential.
Saturday, July 27th 2013 - 05:29 UTC
Pope admits Church’s sins and calls on youth to change the world

Pope Francis in yet another strong message said on Friday he understands the young people who lose faith in the church because of bad ministers, and confidence in political institutions because of corruption, but also urged them to change the world.
Saturday, July 27th 2013 - 05:16 UTC
Cristina Fernandez on campaign for October mid term elections hikes minimum wage 25.5%

The minimum wage In Argentina will increase 25.5% to 3,600 Pesos, President Cristina Fernández announced. The hike will be implemented in two phases, with the lowest legal salary rising to 3,300 Pesos as of August and 3,600 in January 2014.
Saturday, July 27th 2013 - 05:11 UTC
Repsol takes YPF/Chevron deal to World Bank’s Investment Disputes Centre

Spanish oil company Repsol asked the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) to take provisional measures to prevent YPF state-owned oil company to execute the deal it sealed with Chevron last year to explore for unconventional hydrocarbons in the Vaca Muerta shale formation.
Saturday, July 27th 2013 - 05:00 UTC
Falklands set rules for oil and gas development, to the benefit of Islanders current and future generations

Falkland Islands has set out the eight basic guidelines of its hydrocarbons development policy which are centred on robust regulation, supply chain support and long-term benefits for Islanders because the statement underlines its resources belong to the people of the Islands.
Saturday, July 27th 2013 - 04:51 UTC
France will side with Argentina before the US Supreme Court says Telam

France has asked the US Supreme Court to review Argentina's case in its decade-old legal battle with holdout creditors, Argentina's state news agency Telam said on Friday, citing unnamed legal sources familiar with the situation.