United States

United States
Sunday, November 9th 2014 - 10:35 UTC

Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

Carmine Boccuzzi told Griesa that holders of Argentina’s defaulted debt will seek to have his 2012 order applied in their cases

Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.

Sunday, November 9th 2014 - 09:57 UTC

US unemployment down to 5.8%, the lowest since July 2008

US employers have added at least 200,000 jobs for nine months in a row, the longest growth period since 1995.

The US economy added 214,000 jobs in October, while the unemployment rate has fallen to 5.8%, official Labor Department figures show. The number of jobs created is slightly below forecasts of about 230,000 new posts, but still indicates a healthy US jobs market.

Saturday, November 8th 2014 - 06:39 UTC

USS Constellation carrier towed to the scrapyard along the coast of South America

The trip to Texas is expected will take about five months and is among the largest towing efforts ever undertaken with an American warship.

The United States aircraft carrier Constellation, which spent most of its nearly 42 years of service operating out of San Diego Bay is being towed along the South American Atlantic coast on its way to be scrapped in Texas. This week it was sighted in the extreme south of Chile, Punta Arenas as it crossed to the Atlantic.

Thursday, November 6th 2014 - 07:22 UTC

Argentina and hedge fund NML Capital ratify their commitment to keep fighting

“If someone thinks that on January first Argentina will go on its knees to negotiate with vulture funds, he is getting it all wrong” said Vanoli, central bank chief

Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls.

Thursday, November 6th 2014 - 06:28 UTC

Cannabis debate in US rages with legalization claiming more states

Oregon, Alaska and Washington DC votes in referendums to legalize marihuana use

Residents of Oregon, Alaska, and the US capital Washington voted on Tuesday to legalize marijuana in key victories that could fuel the legalization movement as cannabis usage is increasingly recognized by the American mainstream.

Thursday, November 6th 2014 - 06:17 UTC

Most powerful Republican intends to employ a “trust and verify” with Obama

“When the American people chose divided government, I think it means they want us to look for areas of agreement” said Senator McConnell

Kentucky Senator Mitch McConnell said on Wednesday he intends to employ a “trust but verify” relationship with President Barack Obama when he takes the helm as the new Senate majority leader, saying voters sent a clear message that both parties must govern.

Wednesday, November 5th 2014 - 06:43 UTC

The end of an era: Is the US petrodollar under threat?

China and Russia have been furiously signing energy deals: the most obvious is the $456 billion gas deal that Russian Gazprom signed with China in May

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.

Wednesday, November 5th 2014 - 05:59 UTC

Republicans take control of the Senate: complicated last two years for Obama

Kentucky's Mitch McConnell will become the Senate majority leader.

The Republican Party has taken control of the Senate in the US mid-term elections, increasing their power in the final years of President Barack Obama's presidency. After gains in Arkansas, Montana, South Dakota, West Virginia and Colorado, North Carolina clinched victory. Kentucky's Mitch McConnell will become the Senate majority leader.

Wednesday, November 5th 2014 - 04:30 UTC

US reply to Argentina: Soderberg's responsibilities as public servant not linked to bonds' dispute

Ms Soderberg's responsibilities in PIDB ”are not linked to any activity she might have as a private citizen in Argentina’s dispute with bondholders.”

The US Department of State has backed the appointment of Nancy Soderberg as Chair of the Public Interest Declassification Board (PIDB), saying her “responsibilities” as public servant are “not linked” with Argentina’s dispute with the holdouts, Argentina's Telam news agency reported.

Wednesday, November 5th 2014 - 03:43 UTC

Argentina appeals Judge Griesa's 'contempt of court' ruling

Griesa said that Argentina’s moves to strip Bank of New York Mellon as the trustee for bonds and plans to replace it with Nacion Fideicomisos was illegal

Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.

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