MercoPress. South Atlantic News Agency
Stories for July 15th 2017
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Saturday, July 15th 2017 - 08:31 UTC
US top banker blasts “political gridlock” and says it is “almost embarrassment” to be a US citizen
JP Morgan Chase boss Jamie Dimon condemned the state of US politics on Friday, saying political gridlock is hurting the US economy, and called Americans must “get our act together” or risk limiting themselves to 1.5% to 2% growth.
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Saturday, July 15th 2017 - 08:25 UTC
Wales, Scotland warn of a “constitutional crisis” if changes are not made to Brexit bill
High-level Brexit talks between the UK government and devolved administrations are stalled because of the political crisis in Northern Ireland, it has been claimed. Meetings of the joint ministerial committee (JMC), the forum intended to bring together the administrations in Westminster, Edinburgh, Cardiff and Belfast, are understood to be on hold because of the lack of a power-sharing executive in Northern Ireland.
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Saturday, July 15th 2017 - 08:12 UTC
S&P downgrades Chile's rating, for the first time since 1990
Credit ratings agency S&P downgraded Chile's long-term foreign currency rating to 'A+' from 'AA-' on Thursday, the country's first downgrade since the 1990s, as weak business confidence and low prices for key export copper have eaten into fiscal revenues.
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Saturday, July 15th 2017 - 07:57 UTC
Big banks moving out of London to Dublin, Frankfort, Paris
Barclays is in talks with Irish regulators about expanding its presence in Dublin in the run up to Brexit. It is the latest financial company to indicate how it is repositioning to cope with the UK's exit from the EU.
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Saturday, July 15th 2017 - 07:42 UTC
Blair argues Brussels leaders willing to compromise to avoid UK leaving Europe
Tony Blair believes European leaders would be willing to tighten up the free movement of people as a way to avoid Britain leaving the EU. The UK former prime minister suggested the “will of the people” may be changing as the difficulties of Brexit negotiations become apparent and called for a “proper debate” over the different options, including remaining in a reformed EU.
