United States

United States
Wednesday, April 7th 2010 - 23:57 UTC

US federal judge rules in favour of Argentine sovereign bonds “holdouts”

New York Judge Thomas Griesa

A United States federal judge ruled in favour of seizing 105 million US dollars from the Argentine Central Bank deposits in New York in order to pay the debt the country holds with two investment funds.

Wednesday, April 7th 2010 - 23:40 UTC

Bernanke warns US economy still faces ailing housing and employment

The Fed chairman made the statements before the Dallas Chamber of Commerce

United States Federal Reserve Chairman Ben Bernanke cautioned the US economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market.

Wednesday, March 31st 2010 - 18:20 UTC

Texas Congress discuss violence from drug war along border with Mexico

Texas Department of Public Safety Director Steve Mc Craw: “things will get worse before they begin improving”

The violence raging in Mexico’s drug war is worse now than the terror that enveloped Colombia during the 1980s and 1990s ever was, Texas Department of Public Safety Director Steve Mc Craw told state lawmakers this week in Austin.

Tuesday, March 30th 2010 - 22:48 UTC

Senator McCain calls for troops to be deployed along Mexican border

The 2008 Republican presidential nominee points to the continued growing violence

The influential US Senator John McCain from Arizona sent a letter to Homeland Security Secretary Janet Napolitano calling for the deployment of National Guard troops along the “southern border region” between the US and Mexico to help counter the growing violence from the drug cartels.

Tuesday, March 30th 2010 - 04:21 UTC

US Treasury planning to sell 27% stake in Citigroup during 2010

Treasury Secretary Timothy F. Geithner: “we don’t want to be in the business of owning a share in a private company a day longer than necessary”

Citigroup Inc.’s largest shareholder, the US Treasury Department, is planning to sell its 27% stake this year in what could become the biggest profit for the bank-bailout program.

Friday, March 26th 2010 - 22:28 UTC

US economy contracted 2.4% in 2009, in spite of strong 5.6% in fourth quarter

The sharp slowdown in liquidation of inventories helped boost 2009 fourth quarter

The United States economy contracted 2.4% in 2009 according to the latest estimates from the US Bureau of Economic Analysis. Growth in 2008 was 0.4%.

Wednesday, March 24th 2010 - 22:30 UTC

Obama congratulates Chile, Argentina, Colombia and Mexico on bicentennial

Hillary Clinton expects a future of greater cooperation with the hemisphere

United States Secretary of State Hillary Clinton congratulated Chile, Argentina, Colombia and Mexico on the bicentennial of their independence to be celebrated in the course of 2010 and said she was hopeful the anniversary would also celebrate a future of “greater cooperation in the hemisphere”.

Monday, March 22nd 2010 - 21:01 UTC

Pepsi promises to help with campaign to fight childhood obesity

US First Lady Michelle Obama is campaigning for healthier food

The world's second-largest food and beverage company says it will reduce the saturated fat, sodium, and sugar in its products to make them more nutritious.

Monday, March 22nd 2010 - 11:18 UTC

US Congress passes Barack Obama's historic health care reform bill

Barack Obama has convinced Democrats in the US Congress to pass his historic health care reform bill, handing the president a victory that will give nearly every American the right to health coverage and could define his time in office.

Saturday, March 20th 2010 - 01:56 UTC

US February consumer prices flat; producer prices fall 0.6%

Strong drop in energy and fuel prices was decisive

United States Labour Department reported that the consumer price index was flat in February, though prices were 2.1% higher than a year ago. Core inflation - which strips away food and energy costs - saw a 0.1% rise.


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