Brazil's Central Bank (BC) President Ilan Goldfajn said on Monday that the outcome of the US presidential election, won by magnate Donald Trump, brought an element of uncertainty to markets, but reiterated that the institution has kept a close watch on the development of international markets and worked to prevent the effects of external shocks from threatening macroeconomic stability.
Brazilian President Michel Temer warned on Monday that the national debt could swell to the size of the country's gross domestic product within eight years should public spending not be brought under control and fiscal reforms not enacted.
In an apostolic letter published on Monday, the Pope underlined that the Catholic Church needs to bring reconciliation back to “its central place in the Christian life.” The measure is said to be temporary.
Argentina and Japan agreed on Monday to speed up negotiations for a bilateral investment accord as part of efforts to strengthen economic ties between strategic partners. Prime Minister Shinzo Abe and Argentina President Mauricio Macri also agreed to launch talks for a tax pact for increased economic exchanges between the two countries, according to a joint statement issued after their meeting in Buenos Aires.
The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.
The President of Colombia made the announcement Monday following an urgent trip to the Johns Hopkins Hospital in Maryland, US, on his doctors' advice last week due to disturbing test results that would indicate a relapse of his prostate cancer which was removed surgically in 2011.
President-elect Donald J. Trump has ostensibly thrown his support behind the idea of UK Independence Party (UKIP) leader Nigel Farage becoming the British Ambassador to the United States in a tweet issued late on Monday night. Trump issued the statement, unprompted, via his Twitter feed, stating that the idea was popular amongst “many people” in a move that is sure to set the British political establishment into a further tailspin.
President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video messaged outlining what he intends to do first when he takes office in January. The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy. Trump also pledged to reduce “job-killing restrictions” on coal production and stop visa abuses.
President Tabare Vazquez said on Monday that Uruguay recognizes the government of president Michel Temer, respects the decisions of Brazil emerging from its political situation and admitted considering giving asylum to Brazilian politicians, if contemplated under International Law.
Japan’s east coast, near Fukushima - the very site that witnessed the devastating 2011 earthquake, followed by a tsunami that claimed closed to 19,000 lives - was jostled by yet another massive quake on Tuesday morning. The U.S. Geological Survey has measured the earthquake at magnitude 6.9, while Japan’s Meteorological Agency placed the earthquake at magnitude 7.3 and said it occurred at 6 am local time and was measured at a depth of 6.2 miles.