Stories for July 2014

Wednesday, July 30th 2014 - 15:18 UTC
Sao Paulo faces water rationing; in 100 days the system could run dry

Federal prosecutors have asked the government of Sao Paulo to present water rationing plans for Brazil's most populous state to prevent the collapse of its main reservoir. If such plans are not presented in 10 days, the prosecutor's office said on its website it may ask courts to force rationing.
Wednesday, July 30th 2014 - 15:15 UTC
“Spain's association can deny Gibraltar the opportunity of progress in football”

A former coach of Real Madrid has criticized the political motivation behind the Spanish Football Association and Government’s decision to block Gibraltar’s participation in UEFA. Manuel Ruiz Pérez, who worked under Bernhard Schuster during his time at Real Madrid, said that nothing good come out of mixing politics with football.
Wednesday, July 30th 2014 - 08:02 UTC
Argentine private banks prepared to buy holdouts' credit; Kicillof/Pollack talks to continue today

“Special Master” Daniel Pollack, the mediator appointed by US judge Griesa to resolve the dispute between Argentina and the speculative funds' holdouts said the parts talked “face to face” for the first time and assured a new meeting will be confirmed during the day. If a deal is not reached Wednesday sunset Argentina could again fall into default.
Wednesday, July 30th 2014 - 08:01 UTC
Japan's PM Abe at CARICOM summit pledges development support

Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.
Wednesday, July 30th 2014 - 07:45 UTC
UK and US fine Lloyds group £218m for manipulating the Libor rate

Lloyds Banking Group has been fined £218m for “serious misconduct” over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.
Wednesday, July 30th 2014 - 07:33 UTC
Leading universities from Argentina, Brazil and Mexico sign cooperation agreement

The presidents of the University of Buenos Aires, (UBA), the National Autonomous University of Mexico, (UNAM), and the University of Sao Paulo, (USP), on Tuesday signed a cooperation agreement governing the recognition of titles, student exchanges and cooperation in finding financing sources.
Wednesday, July 30th 2014 - 07:23 UTC
IMF warning on interest rates and Russian crisis for some EU banks

Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.
Wednesday, July 30th 2014 - 07:10 UTC
Cristina Fernandez thanks Mercosur support and again attacked Judge Griesa

President Cristina Fernández addressed fellow heads of state at the Mercosur summit in Caracas, where she thanked members of the bloc for their support over the ongoing fight with holdout investors in the New York courts and underlined that Argentina “has paid debt obligations religiously”.
Wednesday, July 30th 2014 - 01:34 UTC
UK to encourage extraction of natural gas and oil from shale rock to help with declining production

The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.
Wednesday, July 30th 2014 - 01:26 UTC
Tevez' father victim of a double crime, released after paying ransom

The father of Juventus forward Carlos Tevez, Segundo Tevez, has been released after being kidnapped for more than eight hours in the city of Morón, in Buenos Aires province. The player later thanked those who had sent their support during the ordeal.