Politics

• Thursday, June 19th 2014 - 06:09 UTC

  Fed cuts US growth forecast, but will also further trim stimulus program

  

  The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.

• Thursday, June 19th 2014 - 06:02 UTC

  Brazil gives 85 hooligans 72 hours to leave the country or be deported

  

  At least 85 hooligans mostly Chileans were given 72 hours to abandon Brazil following their arrests for having broken into the Maracaná stadium and destroyed most of the press centre. The incidents happened minutes before the Chile-Spain match in Rio do Janeiro on Wednesday when the South American team knocked out the reigning Cup kings.

• Thursday, June 19th 2014 - 02:43 UTC

  Argentine Navy receives refurbished TR1700 class submarine ARA San Juan

  

  The Argentine Navy took re-delivery of TR-1700 class submarine ARA San Juan last month after the boat underwent a mid-life update (MLU) program at the Argentine Naval Industrial Complex CINAR.

• Thursday, June 19th 2014 - 02:26 UTC

  Griesa does not trust Cristina Fernandez and condemns the word “extortionist”

  

  US Judge Tomas Griesa said on Wednesday that the televised speech delivered by President Cristina Fernández on Monday after the US Supreme Court declined to hear an appeal by Argentina in its battle against the holdouts was “a problem” for negotiations and implied he did not trust the Argentine leader.

• Thursday, June 19th 2014 - 01:43 UTC

  Ambassador Castro on an official visit to Ulster; McGuinness said he supports “Argentina” in the Cup

  

  The Argentine Ambassador to the United Kingdom, Alicia Castro made an official visit to Northern Ireland where she was received by Deputy First Minister Martin McGuinness. They agreed on stressing the importance of dialogue and called for ties between both parties to be strengthened.

• Wednesday, June 18th 2014 - 23:04 UTC

  Queen Elizabeth’s birthday celebrated in Uruguay

  

  Her Majesty the Queen´s 88th birthday was celebrated at the British Embassy in Uruguay when Ambassador Ben Lyster- Binns and his wife Belinda hosted a reception for 300 invited guests.

• Wednesday, June 18th 2014 - 08:31 UTC

  Uruguay economy growing at a slower pace: imports up; exports stagnant

  

  Uruguay's economy expanded 2.4% in the first quarter compared with the same 2013 period, but contracted 0.4% compared with the fourth quarter of last year, the central bank said this week. However deceleration is a fact since growth of the first quarter in 2013 has gone up 4.6% over 2012.

• Wednesday, June 18th 2014 - 08:20 UTC

  Obama pledges to crack down on illegal fishing and enforce traceability

  

  The Obama administration announced on Tuesday an initiative to track every fish sold in the United States, a move designed to crack down on illegal, unreported and unregulated fishing, mislabeling of seafood and related problems.

• Wednesday, June 18th 2014 - 08:09 UTC

  S&P and Argentina in six months: “default or distressed debt exchange”

  

  Standard & Poor's cut its rating of Argentina's long-term foreign currency debt rating to CCC- from CCC+ with a “negative” outlook. A CCC rating is defined as “currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments,” according to S&P.

• Wednesday, June 18th 2014 - 07:59 UTC

  Argentine industrial and financial community call for 'dialogue' with holdouts

  

  Argentina's industrial union and bank associations expressed their deep concern regarding Monday's US Supreme Court refusal to take the long standing case with the holdout hedge funds, and all called for a solution appealing to dialogue.