United States

United States
Thursday, July 7th 2016 - 07:11 UTC

Federal Reserve extremely cautious on Brexit aftermath and US job market

”None of us really knows the magnitude and I doubt there will be a moment when people say Brexit is done. It will be something over time,” Tarullo said

Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote on EU membership, according to the minutes of the Fed's June policy meeting released on Wednesday.

Thursday, July 7th 2016 - 06:43 UTC

US trade deficit soars 10% in May; imports rise and exports fall

The deficit is particularly pronounced with China, where the gap rose by 19.4% to US$29bn. The trade gap with the European Union also widened by 13.5%.

United States trade deficit grew by 10% in May as exports fell while imports, particularly from China, rose according to the latest report from the Commerce Department. The deficit rose to US$41.1bn in May compared with US$37.4bn in April, while exports decreased by 0.2%, while imports grew by 1.6%.

Friday, July 1st 2016 - 09:08 UTC

“Possible surprise” in US elections must have the Pacific Alliance “ready to react”

“We must have the ability to create a platform of integration, vision and progress” said Guajardo..., if there is a surprise in the US election

The Pacific Alliance must be “ready to react” to a possible “surprise” in the United States presidential election, Mexican Economy Secretary Ildefonso Guajardo said in Chile on Thursday.

Thursday, June 30th 2016 - 13:32 UTC

A harmonious NAFTA Tres Amigos Summit pledges to combat protectionism and xenophobia

Presidents Peña Nieto,Canadian PM Justin Trudeau and Obama finalized their reconciliation with the first North American leaders' summit since 2014

United States, Canada and Mexico on Wednesday in Ottawa held their first summit after years of aloofness and held themselves up as an example against growing protectionist tendencies around the world.

Thursday, June 30th 2016 - 07:02 UTC

Kerry not convinced UK will finally invoke Article 50 for leaving EU

“This is a very complicated divorce,” Kerry told the Aspen Ideas Festival, referring to Britain's negotiated exit from the EU after last week's “Brexit” referendum.

US Secretary of State John Kerry said that Britain's vote to leave the European Union might never be implemented and that London is in no hurry to go. Speaking one day after talks with Prime Minister David Cameron, Kerry said the outgoing British leader feels “powerless” to negotiate a departure he does not want.

Wednesday, June 29th 2016 - 11:04 UTC

US economy grows faster in the first quarter helped by stronger export sales

The Commerce Department said GDP grew at an annual pace of 1.1% in the quarter, up from an earlier estimate of 0.8%.

The US economy grew faster than previously estimated in the first quarter of the year, according to official figures. The Commerce Department said gross domestic product (GDP) grew at an annual pace of 1.1% in the quarter, up from an earlier estimate of 0.8%. The upwards revision was helped by stronger export sales.

Wednesday, June 29th 2016 - 04:57 UTC

Investors suing Petrobras argue top executives knew of the massive bribery scheme

Prosecutors claim over US$2 billion of bribes were paid over a decade to Petrobras executives by construction and engineering companies to win lucrative contracts.

Investors suing Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme. Lawyers for the investors asked U.S. District Judge Jed Rakoff in Manhattan to rule, ahead of a trial set for Sept. 19, on claims that the company violated U.S. securities laws, according to a court filing.

Saturday, June 25th 2016 - 21:29 UTC

Picasso's seminal cubist “Femme Assise” auctioned at £ 43.2 million in London

Described by Sotheby's as “the greatest Cubist painting to come to the market in decades,” it broke the record for the highest price for a cubist work at any auction.

“Femme Assise” (1909), one of Pablo Picasso's earliest Cubist paintings, has sold for £43.2 million (US$63.4 million) at a Sotheby's London auction. Described by Sotheby's as “the greatest Cubist painting to come to the market in decades,” it has broken the record for the highest price for a cubist work at any auction.

Thursday, June 23rd 2016 - 06:03 UTC

Maduro-Shannon discuss restarting relations; OAS debates implementing Democratic Charter on Venezuela

US envoy Shannon and Maduro, met after lunch in the Miraflores presidential palace in Caracas.

Veteran U.S. diplomat Tom Shannon spoke for nearly two hours with Venezuela President Nicolas Maduro on Wednesday to re-start relations between the ideologically opposed governments amid a punishing economic crisis in the oil rich country.

Tuesday, June 21st 2016 - 16:28 UTC

Iran ready to sign US$ 17bn deal with Boeing for 100 passenger planes

“We have 250 planes in the country, 230 need to be replaced,” said Ali Abedzadeh, the head of Iran's civil aviation body

United States based giant aviation corporation Boeing has reached an agreement with Iran to sell the country 100 passenger planes, Iran’s aviation authority announced on Sunday.

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