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United States president Barack Obama signed Friday into law an 858 billion US dollars bill extending for two years Bush-era tax cuts to boost a fragile economy and add jobs.
The creator of Facebook, Mark Zuckerberg has been announced as Time magazine’s person of the year 2010, “for changing how we all live our lives in ways that are innovative and even optimistic”.
The US economic recovery is still too soft to bring down the country's high level of unemployment, the Federal Reserve warned on Tuesday. The central bank made the comment as it reaffirmed its commitment to continue purchasing 600 billion in bonds to stimulate the economy.
President Barack Obama said on Tuesday the tentative tax deal he struck with Republicans is a good deal for the American people and a long political fight over tax cuts would have been bad for the US economy.
The trustee for the liquidation of Bernard Madoff's investment firm is suing HSBC for 9 billion USD. Irving Picard, who is seeking to recover funds on behalf of Madoff's victims, is alleging 24 counts of fraud and misconduct against the bank.
The US Treasury has sold its remaining stake in Citigroup, in a deal which it says will make a 12 billion USD profit on its overall investment. Citigroup was one of the worst victims of the financial crisis, and the US government stepped in with 45 billion bail-out cash in 2008 and 2009.
Representatives of the United States and Brazil have singed an Open-Skies aviation services agreement which will significantly liberalize U.S.-Brazil air services for airlines of both countries over a transition period, according to the U.S. Department of Transportation (DOT).
by Former Senior Research Fellow Nikolas Kozloff
As more and more documents become available from Wikileaks, the public has gotten a novel and close up view of U.S. diplomats and their operations abroad.
The US Federal Reserve has named the companies that used its emergency loan facilities during the financial crisis and revealed how much they borrowed. Details of more than 21,000 transactions aimed at stabilising financial markets have been posted on the Fed's website.
United States Secretary of State Hillary Clinton called President Cristina Fernández de Kirchner Thursday afternoon to apologize in relation to the WikiLeaks release of confidential diplomatic documents, including one in which the US Embassy in Buenos Aires is requested to gather information on the personality and mental health of the Argentine leader.