Tag: United States

United States
Friday, July 18th 2014 - 07:32 UTC

US confirms six Guantanamo prisoners will be transferred to Uruguay

The jail in Guantanamo still holds over 140 prisoners from the war on terrorism launched by former president George W. Bush

President Barack Obama's administration has discretely notified Congress of its intention to transfer to Uruguay six prisoners from the U.S. base in Guantanamo, Cuba, according to the State Department.

Wednesday, July 16th 2014 - 01:06 UTC

US economy recovering but “too many Americans remain unemployed”

“The recovery is not yet complete” Yellen told the semi-annual testimony before the Senate Banking Committee

The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.

Monday, July 14th 2014 - 06:07 UTC

US consolidating as world's biggest oil and natural gas producer

Oil extraction is soaring at shale formations in Texas and North Dakota as companies apply fracking

The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report.

Friday, July 11th 2014 - 06:06 UTC

Majority of Uruguayans disapprove receiving US prisoners from Guantanamo military base

Mujica and Obama agreed that Uruguay would take six prisoners as refugees. However it all depends on the US Senate

A majority of the Uruguayan population does not approve receiving US prisoners from the US Guantanamo Base, a decision adopted by the government of President Jose Mujica to help support the US government in closing the 9/11 jail for terrorists, according to a public opinion poll released on Thursday.

Thursday, July 10th 2014 - 21:48 UTC

Fed will end asset purchases in October, but no decision yet on interest rates

The minutes indicate the Fed envisions using overnight repurchase agreements in tandem with the interest is pays banks for excess reserves

The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

Wednesday, July 9th 2014 - 08:00 UTC

Kerry wishes the Argentine team 'good luck' in the World Cup

The Secretary of State message was motivated by Independence Day

US Secretary of State John Kerry congratulated the people of Argentina on the country’s Independence Day on July 9 and wished the national team good luck in Brazil’s World Cup.

Friday, July 4th 2014 - 06:34 UTC

US unemployment down to 6.1% and the Dow Jones at 17.000 for first time

 The labor force participation rate remained steady at 62.8%, indicating that decline was not due to discouraged workers

US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown. The unemployment rate dropped to 6.1%, its lowest level since September 2008.

Friday, July 4th 2014 - 06:00 UTC

OAS supports Argentina on hedge funds issue; Timerman regrets “US attitude”

Timerman said he appreciated solidarity and commitment from the region but ”I do not quite understand the US’s position”

The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”

Wednesday, July 2nd 2014 - 07:45 UTC

Main French bank agrees to 9bn dollars settlement with US prosecutors

“BNP engaged in a complex and pervasive scheme to illegally move billions through the US financial system” said Holder

France's largest bank, BNP Paribas, has agreed to a record 9bn dollars settlement with US prosecutors over allegations of sanctions violations. As part of the deal, the bank will plead guilty to two criminal charges of breaking US sanctions against trade with Sudan, Iran and Cuba.

Tuesday, July 1st 2014 - 08:16 UTC

Obama and 'second favorite Michelle' exchange praise at the White House

“The US is our, I would say, our most important foreign investor. We want to continue that path” said Bachelet

President Barack Obama and Chilean President Michelle Bachelet pledged to work together to strengthen the ties between both nations, including projects on energy, education and free trade. Obama met in the Oval Office on Monday with Bachelet, whom he called his second favorite Michelle.

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