MercoPress. South Atlantic News Agency
Stories for July 7th 2016
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Thursday, July 7th 2016 - 07:11 UTC
Federal Reserve extremely cautious on Brexit aftermath and US job market
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.
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Thursday, July 7th 2016 - 06:53 UTC
Rousseff makes impassionate defense against impeachment attempts in Congress
Brazil's suspended president Dilma Rousseff rejected attempts to impeach her as an “injustice” in a defense filing Wednesday, as a decision on her political fate moved a step closer. The affair has rocked Brazil as it struggles with a recession and corruption scandals ahead of next month's Olympic Games in Rio de Janeiro.
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Thursday, July 7th 2016 - 06:46 UTC
Cristina Fernandez back in court: Judge decides inhibition on her properties
Former Argentine President Cristina Fernandez on Wednesday filed a complaint against the judge who recently opened an investigation into allegations she defrauded the state as part of her government's handling of the dollar futures market. Fernandez, who governed Argentina from 2007 to 2015, filed the complaint against judge Claudio Bonadio after appearing in his court in connection with the case.
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Thursday, July 7th 2016 - 06:43 UTC
US trade deficit soars 10% in May; imports rise and exports fall
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%.
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Thursday, July 7th 2016 - 06:33 UTC
Germany warns EU members about a tax-cuts race to attract Brexit business
German Finance Minister Wolfgang Schaeuble has said he opposes a “race to the bottom” of competitive tax cuts. He spoke after George Osborne pledged to cut UK corporation tax in response to the Brexit vote and from Paris, in an attempt to attract UK businesses, the French government promised its taxes will be the most favorable in Europe.
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Thursday, July 7th 2016 - 06:02 UTC
Iraq war: UK, pushed by US sent ill-prepared troops into battle with inadequate plans for the aftermath
The United States pushed the UK into military action in Iraq “too early”, a former British ambassador to the UN has said in the wake of the Chilcot report. The long-awaited report said ex-Prime Minister Tony Blair had overstated the threat posed by Saddam Hussein - and military action was not a last resort.
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Thursday, July 7th 2016 - 05:56 UTC
Sub Antarctic volcano eruption ash threatens one of the world's largest penguin colonies
A volcano erupting on a small island in the Sub Antarctic is depositing ash over one of the world's largest penguin colonies. Zavodovski Island is a small island in the South Sandwich archipelago and its volcano Mt Curry has been erupting since March 2016. The island is home to over one million chinstrap penguins -- the largest colony for this species in the world.
