Stories for July 2014

Friday, July 11th 2014 - 05:53 UTC
UK businessman associated with FIFA and accused of ticket scalping is on the run

An executive from the World Cup’s hospitality services firm escaped out the back door of his plush Rio de Janeiro hotel Thursday to avoid arrest on charges of illegally selling tickets, police said.
Friday, July 11th 2014 - 05:44 UTC
Neymar wants Argentina and his friend Messi and Marchesaono to win the World Cup

Brazil forward Neymar has done the unpredictable once again by revealing he will support Brazil's biggest rivals Argentina in Sunday's World Cup final against Germany.
Friday, July 11th 2014 - 01:45 UTC
Mercosur summit on 29 July in Caracas, according to Venezuela and Paraguay

The much delayed Mercosur summit will finally take place at the end of the month in Caracas, according to sources from Paraguay and Venezuela. During the last OAS meeting, Venezuelan Foreign minister Elias Jaua confirmed to his Paraguay peer Eladio Loizaga that the date is 29 July and that the consultation process has been completed.
Friday, July 11th 2014 - 01:37 UTC
Uruguay central bank admits inflation remains the main concern and pledges monetary contraction

Uruguay's Central bank confirmed that inflation remains the leading challenge and ratified the current monetary contractive policy with the M1 money supply index converging to 8% from its current 10.4%, in a 'not too distant horizon'.
Thursday, July 10th 2014 - 21:48 UTC
Fed will end asset purchases in October, but no decision yet on interest rates

The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.
Thursday, July 10th 2014 - 21:43 UTC
FIFA suspends Nigeria from international competition following Lagos meddling with football affairs

FIFA has suspended Nigeria from international competition after soccer leaders were fired by the government following the team’s World Cup exit amid a dispute over player bonuses. The suspension took effect immediately Wednesday, with Nigerian teams and officials barred from international matches and meetings.
Thursday, July 10th 2014 - 21:36 UTC
FIFA rejects Suarez appeal presented by the Uruguayan Football Association

Uruguay forward Luis Suarez, banned from all soccer activity for four months and nine competitive internationals for biting Italy defender Giorgio Chiellini during a World Cup match, has lost his appeal, FIFA said.
Wednesday, July 9th 2014 - 08:21 UTC
Kicillof blasts holdouts: “they never negotiated or lent money to Argentina”

Argentine Economy minister Axel Kicillof responded fiercely to criticisms directed at him and the Argentine government by Elliott Management portfolio manager Jay Newman, reminding the representative of the holdout investors that they have never lent a cent to Argentina.
Wednesday, July 9th 2014 - 08:14 UTC
Mediator Pollack will receive Argentine delegation Friday in follow up meeting

Argentina confirmed on Tuesday that the delegation headed by Economy Minister Axel Kicillof will continue talks with mediation Daniel Pollack, next Friday in New York, a 'follow up' of Monday's first appointment.
Wednesday, July 9th 2014 - 08:04 UTC
Gibraltar with port fee and re-fuelling discounts to attract cruise business

Neil Costa, Gibraltar Minister for Tourism, Commercial Affairs, Public Transport and the Port, has welcomed the introduction of new port fee discounts and said they will further enhance the competitiveness of the Port of Gibraltar.