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Montevideo, July 25th 2024 - 16:48 UTC

Stories for July 13th 2015

  • Monday, July 13th 2015 - 09:30 UTC

    Petrobras faces major class action lawsuit in US next February

    The investors of the company argue that Petrobras had window dressed the company’s accounts in order to make them appear more attractive

    Brazil's state-run oil producer Petrobras, said in a securities filing on Friday that its motion to dismiss a class-action lawsuit in the United States had been denied by the court. Petrobras said part of the complaint against the company relating to bonds issued in the United States in 2012 was denied.

  • Monday, July 13th 2015 - 09:21 UTC

    Venezuela will stop buying Guyana rice amid escalating border dispute

    Finance minister Jordan said Venezuelan officials informed him that they will be acquiring rice from other suppliers, including Suriname, by the end of the year.

    Venezuela has decided to stop buying much of Guyana's rice crop amid an escalating border dispute between the two neighboring countries, the Guyanese finance minister said. The administration of president Nicolas Maduro has in the past four years purchased about 40% of Guyana's rice production, about 200,000 tons, paying for it with oil that amounts to about half of Guyana's daily supply needs.

  • Monday, July 13th 2015 - 09:03 UTC

    The Peronist pope: Francis’s balancing act in Latin America, according to The Economist

    The pope’s criticisms of free-market capitalism chime both with traditional Catholic social doctrine and with Peronism

    Under the heading of “The Peronist pope”, The Economist has a piece on “Francis's balancing act in Latin America” dedicated to the eight day tour of three of the continent's poorest countries, but with the largest percentages of Catholics. But for Francis it is also a delicate balancing act since several current leaders in the region tend to blend the Church's 'option for the poor' with Marxist ideology.

  • Monday, July 13th 2015 - 08:58 UTC

    “A faith without solidarity, is a dead faith”, Francis tells a mass of over a million people

    The altar's backdrop was made of corn cobs, coconuts, squashes, beans, seeds and other local produce to create huge murals of St. Francis of Assisi

    Pope Francis, wrapping up on Sunday his three-country tour of South America, urged people living in a flood-prone shantytown in Paraguay to stay united in their struggle for better living and working conditions.

  • Monday, July 13th 2015 - 06:36 UTC

    Argentina' Cristina Fernandez flies to Paraguay meets Francis for the sixth time

    The Argentine president had been invited by Paraguay's Cartés to attend the mass, and was the only regional head of state to visit Paraguay.

    President Cristina Fernández was present on Sunday in the Paraguayan capital, Asunción to hear Pope Francis give mass during his visit, and greeted the Argentine citizens who had travelled to see the leader of the Catholic church. The head of state left the open mass at around midday, handing Francis a gift before retiring after witnessing the ceremony with Paraguayan counterpart Horacio Cartés.