Paraguay millionaire president-elect apologizes for gay slurs, speaks highly of Venezuela

Paraguay's millionaire president-elect says he'll urge the South American country's Congress to approve Venezuela's entry into the Mercosur trade bloc, and he apologized for making anti-gay comments during the campaign.

Horacio Cartes also says he transferred his interests in his dozens of companies to avoid conflicts of interests after he takes office Aug. 15.

Cartes says his sister Sarah now runs the family's businesses, which range from soy to tobacco to ranching to soft drinks, as well as Paraguay's Banco Amambay and the nation's championship football team Libertad.

Cartes said Monday that he transferred all his shares before his campaign began because his government will be devoted entirely to the public interest.