United States

United States
Thursday, March 6th 2014 - 05:38 UTC

US Supreme Court rules for British Gas in arbitration case against Argentina

The case dates back to 2001, when Argentina decided to freeze gas prices, breaching a 1993 Argentina-UK treaty

The US Supreme Court ruled on Wednesday for British company British Gas Group Plc in its effort to reinstate a 185.3 million dollars arbitration award against Argentina that a US appeals court threw out.

Thursday, March 6th 2014 - 05:31 UTC

US budget battle takes off: Obama emphasizes combating poverty and helping middle class

“After years of fiscal and economic mismanagement, the president has offered perhaps his most irresponsible budget yet” said House Speaker Boehner

President Barack Obama proposed new tax credits and job-training programs for US workers in a 2015 budget that drew instant condemnation from Republicans, who dismissed the document as an election-year campaign pitch.

Tuesday, March 4th 2014 - 23:44 UTC

Several Caribbean BOTs listed in the US 2014 narcotics control strategy report

“2014 International Narcotics Control Strategy Report”, also names major money laundering countries including the US, UK, France, Canada and Brazil

The United States has named several Caribbean Community (CARICOM) countries as major money laundering states whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking.

Saturday, March 1st 2014 - 02:22 UTC

US economy expanded at a 2.4% annual rate, down from the 3.2% estimated

Consumer spending accounted for a large chunk of the revision after retail sales in November and December came in weaker than assumed.

The US government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, leaving the economy on a more sustainable path of modest expansion. GDP expanded at a 2.4% annual rate, the Commerce Department said on Friday.

Friday, February 28th 2014 - 02:36 UTC

Fed asks US Congress to look into legal option for regulating virtual currencies such as bitcoin

Any regulation of the bitcoin crypto-currency should involve international cooperation, said Japanese vice finance minister Jiro Aichi

The US Congress should look into legal options for regulating virtual currencies such as bitcoin, said Federal Reserve Chair Janet Yelleny. Japan-based bitcoin exchange Mt. Gox went dark leaving customers unable to access their accounts. Experts have warned they might not have much recourse to recover their money.

Tuesday, February 25th 2014 - 20:35 UTC

US orders three Venezuelan diplomats out of the country in reprisal for similar measure from Maduro

Despite the spat, Maduro announced he plans to name ambassador in Washington

The United States ordered three Venezuelan diplomats to leave in reprisal for President Nicolas Maduro's expulsion of three US embassy staff accused of fomenting unrest that has killed at least 13 people.

Wednesday, February 19th 2014 - 05:11 UTC

Argentina appeals hedge funds case to US Supreme Court; warns of 'havoc' if lower court ruling stands

The US Foreign Sovereign Immunities Act 'erroneously interpreted' Argentina tells the Supreme Court

Argentina announced on Tuesday it had appealed to the US Supreme Court against a lower court order to pay off hedge fund investors in its bonds, arguing that order violated its sovereignty.

Wednesday, February 19th 2014 - 04:44 UTC

Fed adopts tighter new rules for foreign banks to shield US taxpayers

“Stability of the US financial system, best contribution to the global financial system” Fed Governor Dan Tarullo

The US Federal Reserve adopted tight new rules for foreign banks to shield the US taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.

Monday, February 17th 2014 - 09:35 UTC

Maduro blames Washington and expels three US consular officials

“Determined to defend our country,” said Maduro on state television

Venezuelan President Nicolás Maduro said Sunday he was expelling three U.S. consular officials, accusing them of conspiring with the opposition forces to foment unrest as violent protests ran into a fifth straight night. The expulsions come after two weeks of sporadic protests against across the country.

Saturday, February 15th 2014 - 08:03 UTC

Obama administration makes it easier for banks to deal with licensed marihuana companies

US Attorney General Holder said huge amounts of cash are involved in the business

The Obama administration made it easier for banks to do business with licensed marijuana companies with less fear of prosecution, further encouraging US states that are experimenting with legalization of the drug. The Justice and Treasury departments were in the process of outlining the policy in writing to federal prosecutors and financial institutions.

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