United StatesUnited States
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.
Argentine President Cristina Fernández. CFK, questioned the warning message issued on Tuesday by the US Embassy in Buenos Aires, saying it is “in line” with anti-government media, and seriously doubting interim ambassador in Buenos Aires Kevin Sullivan’s intentions with the note.
Amid an ongoing dispute between the Argentine government and the US judiciary over the legal battle with holdout creditors, the US Embassy in Buenos Aires has issued a warning message for US citizens living in Argentina or about to travel to the country.
President Cristina Fernandez said US Judge Thomas Griesa decision to declare Argentina 'in contempt of court' in the dispute with speculative funds, was in violation of international law, the UN chart and the OAS (Organization of American States) chart.
New York district judge Thomas Griesa declared on Monday Argentina in contempt of court, due to the country's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.