Outcome of Greek vote brings no relief for Spain


The victory of pro-bailout parties in Greece's weekend elections did nothing to ease market pressures on Spain, which saw the interest rate on its 10-year bond climb to 7.15 percent, the highest level since the adoption of the euro.

Though observers expect Greece's two traditional parties - the rightist New Democracy and nominally socialist Pasok - to form a coalition government committed to the austerity policies demanded by the European Union in exchange for the financial rescue of Athens, investor euphoria over the outcome was short-lived.

After reaching 588 basis points at midday, Spain's risk premium - the extra return investors demand on Spanish 10-year bonds compared with equivalent German debt - relaxed to a still-record 574 points by the close of Monday's trading.

Spain's finance minister, Cristobal Montoro, demanded action from the European Central Bank in the face of the markets' "insistent pressure" on Spanish debt.




Mexico's Televisa accepts regulators' conditions on Iusacell deal


Televisa, the king of broadcast television in Mexico, accepted conditions laid down by regulators for its planned acquisition of half of No. 3 wireless operator, Iusacell.

The cash and convertible-debt transaction will leave Televisa with 50 percent of the shares of Iusacell parent company GSF Telecom Holdings, the media conglomerate said in a statement.

The remainder of GSF is to remain under the control of Grupo Salinas, owner of Television Azteca, the other player in Mexico's broadcast TV duopoly.

The Federal Competition Commission, or CFC, said last Thursday it had approved Televisa's bid for half of Iusacell, but with conditions to avert the risk of collusion between Grupo Televisa and Grupo Salinas.




9 Hurt in rebel attack in Colombia


Nine people - seven of them children - were wounded when leftist FARC rebels launched a grenade at a navy checkpoint in the Pacific port city of Buenaventura, the Colombian military said.

Members of the Revolutionary Armed Forces of Colombia, or FARC, were behind Sunday night's attack, the commander of the marines' 2nd River Brigade, Col. Gonzalo Aladino Franco, told reporters.

Wounded in the blast were a marine, a civilian woman and seven children who happened to be playing on a nearby vacant lot, the navy said.

The FARC has battled a succession of Colombian governments since the mid-1960s. Thought to number nearly 20,000 fighters a decade ago, the Andean nation's largest insurgency has an estimated troop strength today of around 8,000.




Security forces kill 7 gunmen in eastern Mexico


At least seven gunmen died in a shootout with police and soldiers in the Mexican Gulf state of Veracruz, state officials said.

The shootout occurred Sunday night in Ursulo Galvan, a city in central Veracruz, the state government said in a statement.

Gunmen traveling in two vehicles opened fire on state police patrolling the area, the state government said.

State police, backed by army troops, engaged the gunmen in a shootout, killing seven suspected criminals, the Veracruz state government said.

Veracruz has been plagued by a turf war between rival drug cartels that has sent the state's murder rate skyrocketing over the past 18 months.




Teen kills baby, then herself in Guatemala


A 15-year-old girl poisoned her 4-month-old baby with an agricultural chemical and then killed herself by ingesting the same substance over the weekend in Guatemala, police said.

The murder-suicide occurred Saturday in Jutiapa, a city located 190 kilometers (118 miles) southeast of Guatemala City, a National Civilian Police, or PNC, spokesman told reporters.

Leydi Perez killed her baby and committed suicide because of "a romantic disappointment," the PNC spokesman said.

Perez used an agricultural chemical designed to keep animals out of corn fields, dissolving the substance in water and giving it to the baby to drink.




Death toll rises to 3 from hurricane in Mexico


The death toll from Hurricane Carlotta has risen to three in the southern Mexican state of Oaxaca, officials said.

The storm, which weakened and broke up over the weekend, dumped heavy rains on western, central and southern Mexico.

The third person to die in the storm was a 56-year-old woman from the coastal city of San Jose Manialtepec, the Oaxaca Attorney General's Office said. She was killed Friday night as she drove from her riverfront house to another dwelling in an effort to find shelter.

A mudslide triggered by the storm killed two children, ages 7 and 12, on Friday night in the city of Pluma Hidalgo.