Stories for 13th 2015

Friday, June 5th 2015 - 06:22 UTC
IMF calls on the Fed to keep rates on hold until first half of 2016

The International Monetary Fund urged the Federal Reserve to wait until the first half of 2016 to start raising short-term interest rates because the US economy remains subpar. In its annual checkup of the US economy released Thursday, the IMF said “the underpinnings for continued growth and job creation remain in place.”
Friday, June 5th 2015 - 06:12 UTC
Flibanserin or “Viagra for women” closer to FDA approval: concern about side effects

A tiny pink pill touted as “Viagra for women” got a reluctant nod from the United States Food and Drug Administration panel, bringing the first medical treatment for female sexual dysfunction one step nearer to coming on the market.
Friday, June 5th 2015 - 04:27 UTC
Henry's handball blessed Ireland with US$ 5m and France a place in South Africa 2010

The latest revelations of allegations of irregular payments by FIFA have brought Ireland, South Africa and Venezuela under the spotlight. In effect a FIFA official has admitted Ireland received 5 million dollars in compensation for missing out on a place at the 2010 World Cup after a handball by player Thierry Henry gave France victory and a place in South Africa.
Friday, June 5th 2015 - 03:28 UTC
FAO conference to recognize efforts in lowering hunger and elect Director General

Some 130 ministers, 12 heads of state or government, including presidents from Argentina and Chile, Cristina Fernandez and Michelle Bachelet, plus numerous other high-level government representatives will be converging on Rome this week for the 39th session of FAO (Food and Agriculture Organization) governing Conference (6-13 June).
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.
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.
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.
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.
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.
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.