Politics

Thursday, August 20th 2015 - 06:38 UTC
Fed approaching interest rate hike but 'reasonable confidence' still short

An improving job market edged the US Federal Reserve closer to an interest rate hike at its July meeting even as policymakers continued to express broad concerns about lagging inflation and the weak state of the world economy, according to minutes released on Wednesday.
Wednesday, August 19th 2015 - 07:22 UTC
FARC have requested to meet Francis and want the Church to join the peace process in Havana

Representatives of Colombia's largest guerrilla movement have asked to meet Pope Francis in Cuba in September and have requested the Catholic Church name a permanent delegate to their peace negotiations with the government.
Wednesday, August 19th 2015 - 07:02 UTC
American Airlines charters to Cuba from Los Angeles next December

American Airlines which has operated charter flights to Cuba since 1991, said on Tuesday that it plans to begin charter services between Los Angeles and Havana on Dec. 12. But by that time, the U.S. and Cuban governments may be ready to allow scheduled airline flights between the two countries, a practice not allowed for more than a half-century.
Tuesday, August 18th 2015 - 15:15 UTC
Chung wants to clean FIFA; accuses Blatter-Platini of father-son relation

Honorary FIFA vice president Chung Mong-Joon says he will clean the sport of football if elected president of FIFA. Chung blames the previous president Sepp Blatter for the recent corruption scandals which have cast shadows over the sport and its organizing body.
Tuesday, August 18th 2015 - 09:28 UTC
Former Petrobras top official sentenced to 12 years in prison

A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress.
Tuesday, August 18th 2015 - 09:15 UTC
Markets estimate Brazil's recession will spill over to 2016, says Central bank

The Brazilian Central Bank weekly Focus Bulletin released on Monday indicates, for the first time, according to the prevailing opinion among financial institutions that the current recession of the country's economy will extend well into 2016. According to Focus the market forecasts a retraction of the Brazil's GDP of 0.15% in 2016.
Tuesday, August 18th 2015 - 09:08 UTC
Trump blasts Saudi Arabia for making 'a billion a day' and funding terrorism

Republican presidential candidate Donald Trump backed the commitment of ground troops if necessary to cripple the Islamic State and complained the US has always come out in support of Saudi Arabia, and while they make 'a billion a day', they are also the world's biggest funder of terrorism.
Tuesday, August 18th 2015 - 08:38 UTC
Uruguay's largest fish processing plant suspends activities: 960 workers redundant

Uruguay's largest fish processing company Fripur, generating half of the exports in the country's sector, will lay off 960 workers and suspend its activity from Aug. 19, after falling into administration, it was reported in Montevideo.
Monday, August 17th 2015 - 08:16 UTC
Nine banks agree to pay US$2bn to investors over rigged foreign exchange rates

Nine banks have agreed to pay 2 billion dollars in settlements to US investors over claims they rigged foreign exchange rates, according to lawyers. They are taking action on behalf of investors, including hedge funds and pension funds, who accuse banks of conspiring to manipulate rates.
Monday, August 17th 2015 - 07:54 UTC
Ecuador hits back at the UK over the Assange asylum case in London

Ecuador has hit back at the UK government over who is to blame for the deadlock in the case of WikiLeaks founder Julian Assange. The 44-year-old Australian has been living in Ecuador's embassy in London for more than three years to avoid extradition to Sweden, where he faces sexual assault allegations.