Mexican students push to overturn presidential vote


Mexico's Yo soy 132 student movement presented a campaign aimed at persuading authorities to annul the July 1 presidential election and avert the "imposition" of ostensible winner Enrique Peña Nieto as the country's next head of state.

"Our general plan begins by contributing to the cleaning up of the electoral process, but it has as its goal the legitimate petition to declare the election invalid," one of the group's representatives, Sofia Silva, told a press conference here.

Yo soy 132 emerged in May, largely as a reaction to the Mexican mass media's bias in favor of Peña Nieto, candidate of the Institutional Revolutionary Party, or PRI.

The movement has already submitted to prosecutors and electoral authorities a report containing more than 1,000 instances of irregularities at polling places and said it will deliver a second dossier next week.




Chevron faces $25 mn fine for Brazil oil spill


Brazil's National Petroleum Agency said that Chevron Corp. will be fined nearly 50 million reais ($24.7 million) for an oil leak at an offshore field last November.

The U.S. oil supermajor was found to have committed 25 infractions, each of them subject to a fine of up to 2 million reais, agency officials said at a press conference, while noting that Chevron's prior good record in Brazil will be taken into account in determining the precise amount of the penalty.

The agency, known by the Portuguese initials ANP, says 3,700 barrels of crude have leaked from the Frade field, located 120 kilometers (75 miles) off the coast of Rio de Janeiro state.




Spain's risk premium hits euro-era record


Pressure on Spain's debt markets briefly sent the yield on the country's benchmark 10-year bond above 7 percent and caused the Iberian nation's risk premium to close at a euro-era record of 579 basis points.

Analysts said the day's disappointing debt auction - in which investors demanded interest rates above 6 percent for Spain's five- and seven-year notes, even higher than the rates in the Treasury's most recent auction of 10-year bonds - drove down bond prices on the secondary market.

In the wake of the auction, which generated less demand than previous debt sales, Spain's risk premium - the extra return investors demand on the country's 10-year bond relative to equivalent safe-haven German debt - climbed as high as 583 basis points before falling slightly at the close.




Freed aid workers arrive in Spain


Two Spanish aid workers kidnapped last October from a Saharawi refugee camp in Algeria and released this week in Mali arrived here.

Waiting for Ainhoa Fernandez de Rincon and Enric Gonyalons at Madrid's Torrejon de Ardoz airbase were their families and Spain's deputy prime minister, Soraya Saenz de Santamaria.

The former captives traveled aboard a Spanish air force plane.

Fernandez de Rincon, Gonyalons and Italian national Rosella Urru were abducted Oct. 23 from a facility near the Algerian town of Tindouf where foreign aid workers are lodged.

The abductions were carried out by a branch of Al Qaeda in the Islamic Maghreb and the captives were taken to northern Mali, an area now effectively under the control of Tuareg separatists.




King of Spain receives top Russian honor


Spain's King Juan Carlos was awarded the State Prize of the Russian Federation, the highest honor bestowed by that country, and personally presenting the award to him was President Vladimir Putin.

"I'm very proud to join the distinguished group of people who have received this prize ... Russia and Spain are old and great states whose relations sink their roots in history," said Juan Carlos in his acceptance speech.

The monarch, who on Wednesday began an official visit to Russia at the head of a large business delegation, received the award for his humanitarian activity and his role in Spain's post-Franco transition.




Spain's Nadal pulls out of Olympics


Tennis star Rafael Nadal has pulled out of the Olympic Games, where he was to be Spain's flag bearer in the opening ceremony, saying he had not yet recovered from an unspecified injury.

"I am not in condition to compete in the London Olympics and therefore will not travel as planned with the Spanish delegation to take part in the Games," the world No. 3 and singles gold medalist four years ago in Beijing said in a statement.

The 11-time Grand Slam champion has received treatment since mid-May for tendonitis in his right knee, although in recent days he said he was optimistic he could recover in time for the Olympics.

During a ceremony last Saturday at the headquarters of the Spanish Olympic Committee in Madrid, Nadal received the flag that he was to have carried in the opening ceremony on July 27.