United States

United States
Saturday, October 25th 2014 - 10:09 UTC

Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

“EM now seeks an injunction from this court that is the same as the injunction that was issued in NML v. Argentina,” Dart’s hedge fund said

Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.

Saturday, October 25th 2014 - 10:02 UTC

Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

In a brief order Friday Griesa said the hearing, originally set for Dec. 2, will now take place Dec. 9.

U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

Thursday, October 23rd 2014 - 21:26 UTC

Slumping oil prices are putting pressure on U.S. shale operations

U.S. drilling companies could begin to seriously start removing rigs from operation if prices drop to around 75 dollars per barrel.

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared to the prior week. There are now 1,590 active oil rigs, the lowest level in six weeks.

Thursday, October 23rd 2014 - 05:57 UTC

US Appeals court sends Argentina back to Judge Griesa on BONY's case

In a order the Appeals court said it lacked jurisdiction as the August ruling by District Judge Griesa was a clarification rather than modification

A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.

Sunday, October 19th 2014 - 07:27 UTC

Yellen warns about the rich-poor gap in the US, at a near 100-year high

The Fed chief said that wide wealth disparities can make it harder for the poor to move up the income ladder

Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and has reached a near 100-year high. In a speech at a conference on inequality in Boston, the Fed chair did not mention monetary policy nor the current turmoil in financial markets. Instead, she focused on the widening wealth disparity and how that impacts economic opportunity.

Saturday, October 18th 2014 - 08:13 UTC

Ebola scare reaches cruise industry: Carnival vessel barred from Mexico and Belize

The Carnival Magic, which authorities in Mexico and Belize have barred from their ports, is now headed back to Texas.

A laboratory technician from the Dallas hospital where a Liberian died of the Ebola virus, and who handled some of his fluid samples for analysis, has been placed in quarantine aboard a cruise ship, the State Department said on Friday.

Monday, October 13th 2014 - 07:10 UTC

Racial tension erupts in St Louis as heavy handed police arrest demonstrators

The fatal shooting of an African American teenager by an off-duty cop last Wednesday has inflamed tensions

Riot-gear clad police arrested at least 17 people on Sunday after they refused orders to disperse from a spontaneous sit-in outside a convenience store in St. Louis during a weekend of otherwise peaceful protests against police violence.

Monday, October 13th 2014 - 07:04 UTC

Head of Pentagon underlines military partnership of the US with Chile

Hagel is on a three-countries six-day visit to South America and on Monday will attend the Americas Defense ministers conference in Peru

US Defense Secretary Chuck Hagel met with government leaders in the Chilean capital of Santiago on Sunday to discuss deepening the U.S. military partnership with Chile.

Monday, October 13th 2014 - 06:54 UTC

US against China proposal to create a regional development bank for Asia

Xi Jinping want to make the formal announcement at a summit meeting of Asian leaders in November

For almost a year, China has been pitching an idea to its neighbors in Asia: a big, internationally funded bank that would offer quick financing for badly needed transportation, telecommunications and energy projects in underdeveloped countries across the region.

Saturday, October 11th 2014 - 08:10 UTC

On Columbus Day, “we also pay tribute to the legacy of Native Americans”

President Obama: On Columbus Day, we reflect on the moment the world changed

Proclamation by Barack Obama - When Christopher Columbus -- a son of Genoa, Italy -- set sail across the Atlantic, no one could imagine the profound and lasting impact he would have on the world. In search of a westward route to Asia, he instead spotted the Bahamas. As dawn broke on October 12, 1492, Columbus's crew set foot on a Caribbean island and changed the course of history. For much of Europe, this marked the discovery of the New World, and it set in motion the more than five centuries that have followed.

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