MercoPress. South Atlantic News Agency
Stories for June 7th 2014
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Saturday, June 7th 2014 - 05:23 UTC
Bank of England leaves rates unchanged; fears of house prices rising too fast
The Bank of England kept its benchmark interest rate steady on Thursday to support the UK economy's ongoing recovery, as figures showed house prices rose at the most rapid pace in almost 12 years during May.
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Saturday, June 7th 2014 - 04:58 UTC
Transport chaos in Sao Paulo following second day running of metro strike
Police in Brazil have used tear gas to break up protesters on the second day of a metro strike that has left Sao Paulo's transport in chaos. Nearly half of the stations were closed and there was gridlock on the streets of Brazil's largest city, which will host the opening match of the World Cup next Thursday.
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Saturday, June 7th 2014 - 04:48 UTC
IMF welcomes Argentina's implementation of actions on CPI and GDP indexes
The International Monetary Fund (FMI) welcomed on Friday “all the specified actions,” taken by Argentine President Cristina Fernández administration, to improve Consumer prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.
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Saturday, June 7th 2014 - 04:37 UTC
IMF warns UK about a possible 'housing bubble' and low productivity
The International Monetary Fund (IMF) has warned the government that accelerating house prices and low productivity pose the greatest threat to the UK's economic recovery. Rising property values could leave households more vulnerable to income and interest rate shocks.
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Saturday, June 7th 2014 - 04:24 UTC
US economy has regained all 8.7 million jobs lost during the recession
Employers in the United States added 217,000 jobs in May, slightly below what analysts had been expecting. The US non-farm payroll figure was well below April's revised number of 282,000 jobs, but it was still the fourth month in a row of solid gains. The unemployment rate in May remained at 6.3%.
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Saturday, June 7th 2014 - 03:52 UTC
Foreign Office will continue to raise Falklands' sovereignty issue with the US
The UK will continue to raise the issue of sovereignty of the Falkland Islands and the right of self determination of the Islanders with the United States administration at very senior levels, according to the UK government response to the House of Commons Foreign Affairs Committee.
