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Montevideo, November 23rd 2024 - 18:19 UTC

Stories for July 2015

  • Thursday, July 9th 2015 - 06:29 UTC

    Brics summit takes off in Russia with an agenda full of economic and political issues

    Putin met with Brazilian president Rousseff in the sidelines of the summit. Brazil is interested in funding for an ambitious railway infrastructure project

    Russian President Vladimir Putin met on Wednesday with his Brazilian counterpart, Dilma Rousseff at the Siberian city of Ufa, where the Brics group summit is taking place. Previously, Putin had met with president Xi Jinping (China); Jacob Zuma (South Africa) and Indian Prime Minister Narendra Modi, the five countries that make up the group.

  • Thursday, July 9th 2015 - 06:18 UTC

    Petrobras 'suspicious' activities could involve as much as 16bn dollars

    Rodrigues told a congressional committee that the “suspicious movement of 51.9 billion Reales in operations linked to Petrobras” had been detected

    Investigators with Brazil’s Finance Ministry say they have identified as much as US$16 billion worth of suspicious activity that may be part of a kickback scandal engulfing the state-owned oil company Petrobras.

  • Thursday, July 9th 2015 - 06:10 UTC

    Greek banks to remain closed until next Monday as ECB caps funding

    If “there is no more political accord in sight for a program, then our rules force us to stop completely,” said ECB member Christian Noyer

    The European Central Bank capped the amount of emergency funding it is providing to the Greek banking sector at €88.6 billion on Wednesday, in a sign that the central bank is awaiting the outcome of this weekend’s crunch talks on Greece before deciding whether to extend a further financial lifeline to the indebted country.

  • Thursday, July 9th 2015 - 05:58 UTC

    China markets' volatility slide spreading to the rest of Asia

    The benchmark Shanghai Composite was down 3.6% to 3,380.31 points despite aggressive measures by regulators

    Mainland Chinese shares continued to head lower on Thursday, leading the rest of Asia down as concerns over the market's steep slide spread. The benchmark Shanghai Composite was down 3.6% to 3,380.31 points despite aggressive measures by regulators such as banning big investors from selling stocks to boost the flagging market.

  • Thursday, July 9th 2015 - 05:44 UTC

    New York Stock Exchange down for three hours due to a technical fault

    Earlier, United Airlines and the Wall Street Journal's website reported major technical problems.

    Trading on the New York Stock Exchange (NYSE) on Wednesday restarted after being suspended for more than three hours due to a technical fault. The NYSE has yet to give full details of the problem, but emphasized that it was not the result of a cyber hack. Other exchanges, including Nasdaq, reported no problems and were trading normally.

  • Thursday, July 9th 2015 - 03:33 UTC

    All United Airlines grounded for almost two hours because of computer problems

    ”We are restoring regular flight operations, but some customers may experience residual delays (Wednesday),” United said in an afternoon statement.

    All United Airlines flights were grounded for almost two hours early Wednesday due to a computer hardware problem, creating travel headaches for tens of thousands of passengers that stretched into the afternoon. United said 800 flights had been delayed, with four flights canceled on its main carrier and 55 on its regional partners. A similar situation happened on 2 June when United flights were also grounded due to “automation issues.”

  • Thursday, July 9th 2015 - 02:55 UTC

    Italy's MSC Cruises with 'Opera' becomes first major line to homeport in Cuba

    The first MSC cruise will depart from Havana following MSC Opera’s Grand Voyage from Genoa to Cuba.

    Italian owned MSC Cruises will be the first major cruise line to homeport in Cuba, with the 2,120-passenger MSC Opera embarking on week-long cruises from Havana starting December 22, reports Travel Weekly.

  • Thursday, July 9th 2015 - 02:38 UTC

    Don't panic, nothing has really changed in the oil markets

    Demand for oil is heading towards record levels both internationally and in the U.S. The Greek issue is not new and it has not changed.

    Monday's 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market.

  • Thursday, July 9th 2015 - 01:01 UTC

    Photo exhibition on Welsh settlers in Argentina, opened at Westminster

    From left to right: David T. C. Davies MP, Argentine Ambassador Alicia Castro, and photographer Marcos Zimmermann

    Parliament in London is hosting a week-long historic photographic exhibition dedicated to the Welsh settlement in Argentina, entitled: “Y Wladfa: Celebrating the 150th anniversary of the Welsh settlement in Argentina” which was officially inaugurated on Tuesday by Argentine Ambassador to the UK, Alicia Castro, and David T.C Davies MP, chairman of the House of Commons Welsh Affairs Committee.

  • Wednesday, July 8th 2015 - 09:14 UTC

    Pope addresses one million faithful and calls for dialogue and inclusion at all levels

    “Fight for inclusion at all levels,” implored Francis, while pleading for “dialogue” on the third day of a tour that also includes Bolivia and Paraguay.

    Pope Francis called for dialogue in front of nearly one million people at an outdoor mass in Ecuador's capital, before launching an appeal for better care of the Amazon. The pope addressed over 900,000 faithful who braved the cold and rain to hear his homily in Bicentennial Park, Quito -- a city recently rocked by anti-government protests.