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.
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.
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.
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.
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.