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For almost a year, China has been pitching an idea to its neighbors in Asia: a big, internationally funded bank that would offer quick financing for badly needed transportation, telecommunications and energy projects in underdeveloped countries across the region.
Proclamation by Barack Obama - When Christopher Columbus -- a son of Genoa, Italy -- set sail across the Atlantic, no one could imagine the profound and lasting impact he would have on the world. In search of a westward route to Asia, he instead spotted the Bahamas. As dawn broke on October 12, 1492, Columbus's crew set foot on a Caribbean island and changed the course of history. For much of Europe, this marked the discovery of the New World, and it set in motion the more than five centuries that have followed.
A United States court-appointed mediator said on Friday he would hold a meeting next week between lawyers for Argentina and 'holdout' creditors suing the country in a longstanding dispute over defaulted debt.
The United Nations adopted a resolution Wednesday decreeing the Venezuelan government should immediately release Leopoldo Lopez, the opposition leader who has been imprisoned for almost nine months in connection to the violent protests in Caracas in February.
US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.
The U.S. trade deficit slipped 0.5% in August to 40.1 billion, the lowest since January, the Commerce Department reported Friday. Oil imports fell to their lowest level in four years.U.S. exports increased 0.2% in August to a record 198.5 billion, while imports grew 0.1% to 238 billion. After a 40.3 deficit in July, analysts expected a 40.9 billion trade gap in August.
The US unemployment rate dipped to 5.9% in September, a six-year low, official figure has shown. The rate fell from 6.1% in August and is the lowest recorded since July 2008. US Labor Department also said that employers added 248,000 jobs last month, and the job growth figures for August and July were revised upwards.
The head of the Mormon Argentina Buenos Aires West Mission, US citizen David Paul Robertson, was kidnapped, robbed, and finally released by armed men that attacked him while he was driving in Ciudadela, in Greater Buenos Aires.
US Secretary of State Henry Kissinger drew up plans to smash Cuba with air strikes nearly 40 years ago, government papers obtained by researchers show. He was angered by Cuba's 1976 military intervention in Angola and was considering retaliation if Cuban forces were deployed elsewhere in Africa.
While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations.