MercoPress. South Atlantic News Agency
Stories for July 20th 2015
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Monday, July 20th 2015 - 08:06 UTC
France calls for an 'Euro government” led by a 'vanguard of countries'
France favors a “stronger organization” behind the Euro led by “a vanguard of countries”, French President Francois Hollande said in an interview published Sunday. In the past week “the European spirit prevailed” in addressing the Greek crisis, he told the weekly Journal du Dimanche.
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Monday, July 20th 2015 - 08:03 UTC
A new chapter for Greece: banks reopen and a raft of VAT increases
Banks in Greece expect long queues but no major problems when they reopen this Monday for the first time in three weeks, although withdrawals will still be limited and capital controls will remain, senior banking officials said on Sunday.
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Monday, July 20th 2015 - 07:47 UTC
Guyana to 'stoutly resist' Venezuela plans to issue IDs to disputed Essequibo residents
Guyana on Sunday warned it would “stoutly resist” plans by Venezuela to register residents in Essequibo and issue them identification cards for the neighbouring Spanish-speaking nation. Venezuela claims the region and has launched an aggressive campaign at domestic and international level calling president David Granger a 'provocateur”.
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Monday, July 20th 2015 - 07:37 UTC
Dairy prices forecasted to continue falling as Southern hemisphere milking season takes off
New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from number one buyer China, threatens to snuff out the country’s “white gold rush.”
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Monday, July 20th 2015 - 07:30 UTC
Brazil's Levy warns that relaxing spending cuts will only extend the pain
Brazil's Finance minister Joaquim Levy warned that any attempt to relax spending-reduction goals for this year would inevitably extend the duration of the current fiscal adjustment program. The statement was made on Sunday in a long interview with one of Brazil's leading dailies, Folha de Sao Paulo.
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Monday, July 20th 2015 - 07:17 UTC
Petrobras working to match domestic and international fuel prices
Brazil's Petrobras is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners. The oil and gas giant needs to sell assets to survive a combination of mounting debt, low oil prices and a giant corruption scandal.
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Monday, July 20th 2015 - 05:21 UTC
Macri's party retains Buenos Aires city but his presidential aspiration suffers a significant blow
Argentina's conservative PRO party won the Buenos Aires City mayoral runoff on Sunday, clinging to its stronghold for a third consecutive term ahead of presidential elections in October, but by a smaller-than-expected margin. Horacio Rodríguez Larreta won 51.6% of ballots cast while his opponent Martin Lousteau picked up 48.4%. Public opinion polls anticipated a ten points difference.
