United States

United States
Monday, January 19th 2015 - 07:19 UTC

Obama wants tax increases on the wealthy to help middle class families

Details of his proposal should be known on Tuesday when Obama addresses for the first time a full Congress under Republican control

President Obama is to use Tuesday's State of the Union speech to call for tax increases on the wealthy to help the middle class, officials say. The proposals would raise 320 billion dollars over a decade, to fund benefits such as tax credits.

Saturday, January 17th 2015 - 07:46 UTC

Booming California overtakes Brazil as the world's seventh largest economy

The Golden State with GDP of 2.20 trillion dollars in 2013, expanded last year by almost every measure. Brazil’s GDP in contrast, declined 1% from 2.25tn

California is overtaking Brazil as the world’s seventh-largest economy, bolstered by rising employment, home values and personal and corporate income, a year after the US most-populous state surpassed Russia and Italy.

Friday, January 16th 2015 - 04:58 UTC

US makes it easier for Americans to travel and make business in Cuba

The changes will impact in ”further engaging and empowering the Cuban people, promoting positive change for Cuba’s citizens” said Jacob J. Lew

The United States government on Friday will begin making it easier for Americans to travel to Cuba than it has been for more than half a century, opening the door to a new era of contact between neighbors that have been estranged longer than most of their citizens have been alive.

Thursday, January 15th 2015 - 07:56 UTC

Mexico's Slim poised to become New York Times Co. largest shareholder

When Slim agreed to loan Times Co. money in 2009, the company had just cancelled its dividend to preserve cash and a credit line was set to expire.

Mexican billionaire Carlos Slim is poised to become the largest shareholder in the New York Times Co. after already almost doubling his money from an investment that helped the newspaper get through the financial crisis.

Tuesday, January 13th 2015 - 08:52 UTC

Vast potential energy resources in US Eastern Gulf of Mexico and the Pacific

The areas are currently almost entirely off-limits to offshore oil and gas development but could be included in the US next five-year leasing program.

Two new studies by Quest Offshore Inc. for the (US) National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show vast potential energy and economic benefits to the U.S. if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.

Tuesday, January 13th 2015 - 08:10 UTC

US economy creates more jobs; unemployment falls to 5.6% during December

The increase in jobs was higher than expected with the strongest growth in professional and business services, construction, healthcare and food services

The US economy added 252,000 jobs in December, while the unemployment rate fell to 5.6% from 5.8%, according to Labor Department figures. In addition, figures for the number of jobs created in October and November were both revised upwards. The jobless rate is now at its lowest since June 2008.

Wednesday, January 7th 2015 - 06:56 UTC

Republicans expose divisions as Boehner narrowly wins third term as House speaker

”As speaker all I ask and frankly expect is that we disagree without being disagreeable, in turn I pledge to help each of you carry out your duty”

John Boehner narrowly won a third term as United States House of Representatives speaker, surviving a stiff challenge from 25 conservative Republicans as the party took full control of Congress.

Tuesday, January 6th 2015 - 22:49 UTC

Aurelius hedge fund denies being part of lawsuit filed against Petrobras

“The lawsuit has been filed by the City of Providence (Rhode Island. Aurelius has nothing to do with it,” said the president of Aurelius Mark Brodsky

Aurelius Capital Management, one of the main plaintiffs against Argentina in New York District Judge Thomas Griesa’s courtroom, has denied being part in a lawsuit filed against Brazilian state-owned oil company Petrobras, in response to accusations by Argentina’s Economy Minister Axel Kicillof.

Tuesday, January 6th 2015 - 22:12 UTC

Spain tried to abort US Congress bill in support of Gibraltar's right to self determination

Republican Congressman George Holding, who sponsored the bi-partisan resolution, made public the letter from the Spanish ambassador.

Spain tried to persuade US politicians to drop an initiative calling for the House of Representatives in Washington to formally recognize Gibraltar’s right to self-determination. The plea was contained in a letter from Spain’s ambassador to Washington, Ramon Gil-Casares, to Republican Congressman George Holding, who sponsored the bi-partisan resolution.

Tuesday, January 6th 2015 - 22:00 UTC

Cuba has freed some of 53 political prisoners, as agreed in the rapprochement with the US

The announcement was made by Secretary of State spokesperson Jen Psaki, although she did not provide a specific number (Pic AFP)

Cuba has freed some of 53 people the United States regards as political prisoners as agreed under last month's US-Cuban rapprochement and Washington wants to see the rest released soon, the US State Department said on Tuesday.

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