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Allies quit coalition as vote to oust Rousseff nears

  RIO DE JANEIRO / AP President Dilma Rousseff’s chances of surviving impeachment are growing slimmer now that three parties have decamped from her governing coalition in 24 hours and Brazilian legislators begin preparing for a crucial vote on the question expected this weekend. The pullouts of the mid-size centrist parties caused despondency among members of Rousseff’ left-leaning Workers’ Party ...

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S Korea’s ruling party reels from shock poll defeat

Seoul / AFP South Korean President Park Geun-hye’s ruling conservative party was reeling on Thursday from a shock electoral defeat that broke its 16-year parliamentary majority and threatened its chances of retaining the presidential Blue House in 2017. Voters punished the party for its economic record, analysts said, with high levels of youth unemployment accounting for particularly high dissatisfaction among ...

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BOE says Brexit may weigh on growth as key rate kept at 0.5%

Bloomberg Bank of England officials said the U.K.’s European Union referendum may already be weighing on growth as they kept their key interest rate at a record low. The nine-member Monetary Policy Committee, led by Governor Mark Carney, unanimously agreed to maintain the benchmark at 0.5 percent — where it’s been for more than seven years. In a ramping up ...

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