The US economy added a net 195,000 new jobs in June, official figures show. The figure was well above economists' expectations of 165,000. Revisions to data for April and May added a further 70,000 jobs to previous estimates. This means the jobless rate remained steady at 7.6% of the workforce, according to data from the Bureau of Labour Statistics.
Inflation in Brazil slowed to 0.2% in June compared to the month before, but, at 6.7% over 12 months, was still well above the government's target of 4.5%, according to the latest official figures released on Friday.
Brazil announced on Friday it will immediately cut government spending by 6.65 billion dollars to balance the budget and achieve the goal of a primary fiscal surplus of 2.3% of GDP. The decision is seen as a strong signal to recover investors’ confidence following weeks of turmoil and poor performance of the economy.
Chilean president Sebastián Piñera congratulated former president Michelle Bachelet and ex Economy minister Pablo Longeuira who emerged as winners in the two main coalition’ primaries held last Sunday, the first time such an event takes place in the country.
Brazil’s industrial output fell 2% in May after jumping a revised 1.9% in April, the national statistics agency announced this week in Rio de Janeiro. The fall was greater than forecasted but still was 1.4% above a year ago. However as the government or President Dilma Rousseff struggles to fight inflation, the latest data complicates the strategy to prop growth.
An overwhelming majority of Brazilians are demanding the immediate compliance of the criminal rulings which sentenced 25 high ranking officials in the so called ‘trial of the century’ for their involvement in corruption practices back in 2005 and which at the time almost toppled the administration of then president Lula da Silva.
The late Pope John Paul II will be made a saint, the Vatican said on Friday, announcing that Pope Francis had approved a second miracle attributed to the Polish pontiff, who led the Roman Catholic Church from 1978 to 2005.
Spain called for calm on Friday in a diplomatic row ignited when Bolivian President Evo Morales's plane was diverted because of suspicions that fugitive US intelligence ‘leaker’ Edward Snowden was aboard. However he anticipated there would be no apologies from Spain as South American countries are demanding.
Latin American leaders gathered in Bolivia on Thursday to back President Evo Morales, fuming after some European nations temporarily refused his plane access to their airspace amid suspicions US fugitive Edward Snowden was aboard.
Ecuador has asked the UK to help an investigation over alleged spying at its embassy in London where Wikileaks founder Julian Assange is living. Ecuador named a British company it claimed planted a listening device in their ambassador's office but this was denied.