Prices in the United States rose by less than expected last month, as inflation in the economy remained tame. The Labor Department's Consumer Price Index (CPI) inched up 0.1% last month, only a slight improvement on a stagnant June figure. Economists polled by Reuters had expected a 0.2% month-on-month increase.
With trading much more relaxed on Friday ended the several days of money market uncertainty leading to Argentina Sunday´s primary election, an anticipation of what can happen in the midterm elections of 22 October when President Mauricio Macri's economic reforms will be put to test in the polls, and hopefully his coalition will increase its congressional support.
The legislation to formally remove the UK from the European Union will not be changed by Westminster, a senior member of Theresa May’s Cabinet has said despite threats from Scotland's SNP ministers to refuse consent for the Bill as it stands.
U.S. President Donald Trump's threat of military intervention in Venezuela was “an act of craziness,” the country's Defense Minister Vladimir Padrino said on Friday. Venezuela's foreign ministry was expected to issue a statement on Saturday responding to Trump's comment that “a possible military option” was under consideration for the crisis-racked nation.
New Zealand scientists have found a 'perfectly preserved' 106-year-old fruitcake in a remote Antarctic hut. The delicacy, made by British cake makers Huntley and Palmers, was still wrapped in paper and encased in the remains of a tin-plated iron alloy tin, the researchers at the Antarctic Heritage Trust in Christchurch said in a statement on Thursday.