MercoPress. South Atlantic News Agency
Stories for June 4th 2015
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Thursday, June 4th 2015 - 09:06 UTC
“No one can teach us how to make the economy grow”, blasts Cristina Fernandez
In a speech broadcasted live on Argentine national television and radio, President Cristina Fernández used most of the time to praise her government’s achievements insisting no one “can give us lessons on how to make the economy grow” and highlighting the role of the State.
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Thursday, June 4th 2015 - 09:01 UTC
Brazil's fiscal consolidation insufficient to deal with debt levels, says Moody's
Brazil's debt levels will continue to increase through 2016 and remain high despite the government's fiscal consolidation efforts, potentially weakening the sovereign's credit profile, says Moody's Investors Service.
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Thursday, June 4th 2015 - 08:54 UTC
Despite a contracting economy Brazil increases basic interest rate to 13.75%
Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession.
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Thursday, June 4th 2015 - 08:45 UTC
IMF gives Argentina more time to remedy quality of official CPI and GDP data
The International Monetary Fund extended the period given to Argentina to remedy its local statistical measurement tools, while recognizing the country has made advancements in the matter. The IMF directive board met on Wednesday in Washington to assess Argentina's statistical indexes.
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Thursday, June 4th 2015 - 08:30 UTC
Cristina Fernandez and her grouping lead comfortably ahead of elections
Argentine president Cristina Fernández will end her second term with an approval rating of 60%, according to the Equist political consultancy firm. On the other hand, PRO presidential candidate and Buenos Aires City Mayor Mauricio Macri enjoys a positive image among 30% of the country's population.
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Thursday, June 4th 2015 - 08:17 UTC
Whistleblower Blazer admitted receiving bribes for hosts of 1998 and 2010 World Cups
Former FIFA executive committee member Chuck Blazer told a U.S. federal judge that he and others on the governing body's ruling panel agreed to receive bribes in the votes for the hosts of the 1998 and 2010 World Cups.
