Stories for 2016

Wednesday, June 29th 2016 - 05:04 UTC
Brazil inflation should reach Central bank target by second half of 2018

Brazil's inflation will again miss the government target next year, but will be getting much closer at 4.7%, the Central Bank said on Tuesday. For this year, inflation is forecast at 6.9%, well off the 4.5% target. However, even that represents relief for Latin America's largest economy, but sickly economy where annual inflation hit 9.32% in May.
Wednesday, June 29th 2016 - 04:57 UTC
Investors suing Petrobras argue top executives knew of the massive bribery scheme

Investors suing Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme. Lawyers for the investors asked U.S. District Judge Jed Rakoff in Manhattan to rule, ahead of a trial set for Sept. 19, on claims that the company violated U.S. securities laws, according to a court filing.
Tuesday, June 28th 2016 - 08:32 UTC
Cameron attends his last European Council summit: next PM will negotiate Brexit

UK Prime Minister David Cameron is to face leaders of other EU states for the first time since the referendum vote for Brexit, as he travels on Tuesday to Brussels for what is likely to be his last European Council summit as prime minister. He is expected to use the potentially awkward meeting to urge the other 27 leaders and EU institutions to take a “constructive” approach to negotiations over a new relationship with the UK.
Tuesday, June 28th 2016 - 07:28 UTC
Rousseff signed budget decrees without congressional approval, claim Senate experts

A nonpartisan team from the Brazilian Senate budget analysts on Monday handed potential legal ammunition both to opponents and supporters of suspended President Dilma Rousseff as she tries to survive n impeachment trial.
Tuesday, June 28th 2016 - 06:28 UTC
Mercosur presidential summit off, but chair transfer to Venezuela will be done at foreign ministers' level

Mercosur presidential summit next July in Montevideo has been cancelled, but the six-month presidency of the group, currently held by Uruguay will be transferred as scheduled to Venezuela, although some conditions of the event are “pending discussion”, said on Monday foreign ministers Susana Malcorra and host Rodolfo Nin Novoa.
Tuesday, June 28th 2016 - 06:19 UTC
Brexit has damaged UK's ability to protect Gibraltar, admits Hammond

Britain’s ability to protect the interests of Gibraltar has been damaged by the EU referendum result, UK Foreign Secretary Philip Hammond on Monday. In an interview with ITV’s Robert Peston, Mr Hammond repeated a stark warning he first voiced when he visited Gibraltar ahead of the referendum campaign.
Tuesday, June 28th 2016 - 06:16 UTC
Gibraltar talking with Scotland about how to remain in the European Union

Gibraltar is in talks with Scotland about a plan to keep parts of the UK in the EU, according to BBC Newsnight. Fabian Picardo, the territory's chief minister, told the BBC he was speaking to Scotland's First Minister, Nicola Sturgeon, about various options. One possibility under discussion is for Gibraltar and Scotland, which both voted to remain in the EU, to maintain the UK's membership of the bloc.
Tuesday, June 28th 2016 - 06:13 UTC
Suspended sentence for campaigner who unfurled a Spanish flag in Gibraltar

The right-wing campaigner who helped unfurl a giant Spanish flag on the Upper Rock of Gibraltar has been released from custody after being handed a suspended sentence. Juan Ignacio Mínguez Martinez, 53, from Madrid, had admitted participating in the ‘politically motivated’ stunt and pleaded guilty last Wednesday to a charge of conduct likely to cause a breach of the peace.
Monday, June 27th 2016 - 10:06 UTC
UK ready to face the future from a position of strength, says Chancellor Osborne

Chancellor of the Exchequer George Osborne has said the UK is ready to face the future “from a position of strength” and indicated there will be no immediate emergency Budget. However he admitted there would still need to be an “adjustment” in the UK economy, and it was “perfectly sensible to wait for a new prime minister” before taking any such action.
Monday, June 27th 2016 - 08:07 UTC
Berlin and Paris in “full agreement”; Merkel aide says politicians in London should take time to reconsider Brexit

German Chancellor Angela Merkel and French President Francois Hollande said on Sunday they are in “full agreement” on how to handle the fallout from the UK's decision to leave the European Union. Hollande warned that “separated, we run the risk of divisions, dissension and quarrels”.