Stories for June 14th 2018

Thursday, June 14th 2018 - 22:14 UTC
IMF's Lagarde welcomes Argentina government’s economic policy plans

Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.
Thursday, June 14th 2018 - 22:11 UTC
Argentine president Macri was detected a benign pancreatic cyst: “a treatment is not necessary”

Argentine president Mauricio Macri was detected a benign cyst in the pancreas, according to an official release from the Executive Office. The condition was discovered during a routine medical checkup last 23 May and following clinical studies including a magnetic resonance, the diagnosis was confirmed but a treatment is not necessary, although he will continue under medical monitoring.
Thursday, June 14th 2018 - 22:02 UTC
Gibraltar flies Falkland Islands flag on Liberation Day

The Falkland Islands flag is currently flying above No 6 Convent Place to commemorate the Falkland Islands’ Liberation Day.
Thursday, June 14th 2018 - 21:49 UTC
Morgan Stanley and Royal Bank of Canada fined in Brazil for rigging foreign exchange rates

Brazil’s competition authority Cade has reached a settlement with Morgan Stanley and Royal Bank of Canada, fining them a combined 42.9 million reals (US$11.6 million) for forming a cartel manipulate FX markets.
Thursday, June 14th 2018 - 21:23 UTC
Legal abortion bill in Argentina faces an even steeper up hill in the Senate

The lower house of Argentina’s Congress on Thursday narrowly passed a Bill to legalise abortion through 14 weeks of pregnancy after a tight vote on a proposal that has divided the South American nation.
Thursday, June 14th 2018 - 08:59 UTC
Pompeo sets terms of Trump/Kim accord: no lifting of sanctions until complete denuclearization

North Korea will not see any economic sanctions lifted until it has demonstrated “complete denuclearisation”, US Secretary of State Mike Pompeo has said. Pompeo was speaking at a press conference in Seoul with his South Korean and Japanese counterparts.
Thursday, June 14th 2018 - 08:54 UTC
UK inflation steady at 2.4% in May, but fuel prices are climbing fast

Inflation in the UK remained at 2.4% in May, according to the Office for National Statistics (ONS), after its fall was halted by a sharp rise in fuel costs. The ONS said that fuel prices increased by the biggest monthly amount since January 2011, rising by 3.8%.
Thursday, June 14th 2018 - 08:49 UTC
Sturgeon “proud” of MSPs: relation between Scottish and UK governments on Brexit, no longer “business as usual”

First Minister Nicola Sturgeon has said she is “proud” of SNP MSPs who staged a mass walkout of the House of Commons in a row over the EU Withdrawal Bill. The MPs acted after the party's leader at Westminster Ian Bralckford was thrown out of the chambler by the Speaker. The row was prompted by a “lack of debate” on what Mr Blackford said was a “power grab” by the UK government.
Thursday, June 14th 2018 - 08:23 UTC
Miami media says US$ 800 million in assets of Diosdado Cabello frozen in the US, but he flatly denies the version

The U.S. government has frozen about US$ 800 million in assets from senior Venezuelan leader Diosdado Cabello Miami journalist Oscar Haza reported Tuesday during his morning radio show on Miami’s Spanish-language Zeta 92.3.
Thursday, June 14th 2018 - 08:13 UTC
Fed raises basic rate to 2%; anticipates further increases amid strong economic growth

The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled it will be more aggressive about rate increases this year and next amid “strong” economic growth. The unanimous vote brings the federal funds rate to a range of 1.75 to 2%, but the quarterly economic forecasts show central bankers now expect the rate to end the year at 2.4% rather than the 2.1% projected in March.