United States

United States
Thursday, March 19th 2009 - 16:47 UTC

Obama plans to visit Mexico April 16 and 17

Mr. Obama will be meeting with President Calderon for the second time in two months

US President Barack Obama has announced he will travel to Mexico next month, making his first trip to that country as president. Mexico's government says President Obama will visit the country on April 16 and 17.

Thursday, March 19th 2009 - 16:12 UTC

AIG chief admits “distasteful” excesses but points to the Fed

Liddy: AIG is ”too complex, too unwieldy and too opaque

The boss of US insurer AIG has called the bonuses paid to executives “distasteful” and said he asked some recipients to return at least half. But Edward Liddy said the Federal Reserve knew in November of the 165 million US dollars bonus payments to executives that have caused such a furore in US.

Thursday, March 19th 2009 - 16:06 UTC

Federal Reserve will buy 1.2 trillion USD of debt to boost lending

The US Federal Reserve said on Wednesday it will buy almost 1.2 trillion US dollars worth of debt to help boost lending and promote economic recovery. The US central bank said it would start buying long-term government debt and expand purchases of mortgage-related debt.

Wednesday, March 18th 2009 - 15:29 UTC

AIG gives bonuses and challenges US president and Congress

Huge bonuses paid out by ailing insurer AIG will be deducted from the firm's next bail-out payment, the US treasury secretary says. In a letter to congressmen, Timothy Geithner said 165 million US dollars would be taken from 30 billion the firm is due to get as part of its government bail-out.

Wednesday, March 18th 2009 - 08:03 UTC

Nobel Prize Krugman says US and EU stimulus packages insufficient

“The United States is not doing enough to fight the crisis, and Europe is doing a bit less...”

The US economist and Nobel Laureate Paul Krugman said Tuesday that Europe and the United States should at least double their fiscal efforts in order to salvage the global economy.

Tuesday, March 17th 2009 - 13:46 UTC

Businessman sentenced in Miami for suitcase cash scandal

800.000 US dollars in cash that was found in 2007 in a Buenos Aires airport.

A Venezuelan businessman was sentenced in Miami on Monday to four years in prison for acting as an unregistered agent of Venezuela in the United States. Franklin Duran had been convicted of conspiring to cover up the origin and destination of a suitcase stuffed with 800.000 US dollars in cash that was found in 2007 in a Buenos Aires airport.

Tuesday, March 17th 2009 - 13:42 UTC

Bernanke on prime-time anticipated US economic recovery next year

Bernanke: “We’ll see the recession coming to an end probably this year”

US Federal Reserve Chairman Ben Bernanke expects economic recovery in America next year, but has warned that the biggest risk to an upturn is whether there is sufficient political will to mend the financial system.

Tuesday, March 17th 2009 - 13:15 UTC

US will pursue every single legal avenue” to stop AIG bonuses

United States President Barack Obama expressed anger at 165 million US dollars bonuses ledged to executives of bailed-out insurer AIG, calling the payments “an outrage”.

Sunday, March 15th 2009 - 15:29 UTC

Pte. Obama and Lula da Silva review global economy

Pte.  Obama, talks with Brazil's President Luiz Inacio Lula da Silva, during their meeting in the Oval Office of the White House

President Barack Obama and Brazilian President Luiz Inacio Lula da Silva discussed the economy, energy and the environment Saturday during their first White House meeting.

Saturday, March 14th 2009 - 07:45 UTC

Lula da Silva confident of US recovery but cautious about protectionism

Pte. Lula and Pte .Obama will meet on Saturday

Brazilian President Lula da Silva said on Friday that counteracting the global credit crunch and preventing a wave of protectionism will be high on the agenda when he meets US President Barack Obama on Saturday.

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