United States

United States
Sunday, May 24th 2015 - 07:57 UTC

Yellen, confident in the US economy, said interest rates will be raised this year

Fed chief said the US economy is expected to strengthen after a slowdown due to “transitory factors” in recent months, and probably due to “statistical noise.”

Federal Reserve Chair Janet Yellen made it clear on Friday that the central bank was poised to raise interest rates this year, as the US economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned. The announcement was made in a speech to a business group in Rhode Island.

Thursday, May 21st 2015 - 07:08 UTC

Five world leading banks fined 5.7bn dollars for manipulating foreign exchange markets

US Attorney General Loretta Lynch said that “almost every day” for five years,  currency traders used a private electronic chat room to manipulate exchange rates

Five of the world's largest banks are to pay fines totaling $5.7bn for charges including manipulating the foreign exchange market. Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges, while the fifth, UBS from Switzerland will plead guilty to rigging benchmark interest rates.

Wednesday, May 20th 2015 - 05:27 UTC

Japanese airbag maker Takata admits defects forcing the recall of 34m vehicles

“Today is a major step forward for public safety,” US Transportation Secretary Anthony Foxx said.

Japanese airbag maker Takata has said that mechanisms in the airbags of almost 34 million cars are defective. It will lead to the largest recall in US automotive history, affecting models from 11 carmakers. . The number is double previous estimates for faulty air bags from the manufacturer.

Wednesday, May 20th 2015 - 04:42 UTC

US targets Venezuela's second strongest man for alleged cocaine trafficking

“They accused me of being a drug-trafficker without any proof,” complained Diosdado Cabello, president of the National Assembly on state TV last week

Despite persistent denials of any wrongdoing from Caracas, US authorities are currently investigating Venezuela’s powerful parliamentary chief, Diosdado Cabello, and other senior officials over alleged cocaine-trafficking and money-laundering, the Wall Street Journal reported.

Tuesday, May 19th 2015 - 10:03 UTC

Obama bans supply of military-style equipments to local police forces

In Ferguson and in Baltimore protests turned violent, but the sight of police dressed in camouflage and riot gear dealing with protests provoked criticism.

President Barack Obama has banned the US government from giving certain kinds of military-style equipment to local police forces. The announcement follows criticism that police were too heavy handed in dealing with protests in Ferguson, Missouri, that turned violent last summer.

Tuesday, May 19th 2015 - 01:53 UTC

Monsanto hits back with global campaign: “food is more than just a meal, it's love”

“Discover Monsanto” campaign calls on consumers to “be part of the conversation” and ask about company’s GE seeds and key herbicide products.

As the seed and chemical maker Monsanto woos Swiss agrochemicals firm Syngenta, the US company is also is trying to win over consumers in key international markets, rolling out social media and marketing campaigns.

Thursday, May 14th 2015 - 08:34 UTC

Rousseff expected at the White House next June 30: a long delayed bilateral agenda waits

US Vice-president Joe Biden has been on the phone several times and attended Rousseff's inauguration last January.

Next June 30 Brazilian President Dilma Rousseff will visit Washington D.C. to meet with President Barack Obama, a highly anticipated event given tensions between the two governments over the past two years.

Thursday, May 14th 2015 - 08:08 UTC

Most immigrants to US now come from China and India displacing Mexico

Census Bureau 2013 data shows that 2013 China ranked in number one position with 147,000 immigrants: India followed with 129,000 and Mexico 125,000

New data from the U.S. Census Bureau, indicate that China and India have replaced Mexico as the top countries sending immigrants to the United States. Although people from Latin America still dominate the population of legal and undocumented immigrants in the U.S., it is now China and India that send more immigrants to the United States, the data said.

Tuesday, May 12th 2015 - 10:30 UTC

Ex US president Carter ends Guyana election monitoring trip after falling ill

Jimmy Carter arrived in Guyana on Saturday to participate in a delegation monitoring the country’s general election on Monday

Former United States President Jimmy Carter ended an election-monitoring trip to Guyana early and flew home on Sunday after falling ill, the Carter Center, his nonprofit organization, said in a statement. The Carter Center provided only sketchy information on Sunday about the condition of the 90-year-old former president.

Tuesday, May 12th 2015 - 08:43 UTC

Obama approves oil drilling in the Arctic Sea under certain conditions

“We have taken a thoughtful approach to carefully considering potential exploration in the Chukchi Sea,” said BOEM Director Abigail Ross Hopper.

President Barack Obama's administration on Monday approved petroleum giant Shell's request to begin drilling for oil and gas in the Arctic Sea under certain conditions, despite opposition from environmental groups.

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