United States

• Thursday, September 18th 2014 - 05:30 UTC

  Fed evasive about when it will begin to raise interest rates, “considerable time”

  

  The US Federal Reserve has reiterated that it will raise interest rates once a “considerable time” has passed after its stimulus program ends in October. The announcement came at the end of a two-day meeting of the central bank's policy committee in Washington DC.

• Wednesday, September 17th 2014 - 01:11 UTC

  Argentina warns US acting ambassador on 'default' statements and 'deplores lack of support'

  

  United States interim ambassador to Argentina Kevin Sullivan was summoned to foreign minister Hector Timerman's office and was informed of ”the profound and firm rejection of the Argentine government to the US diplomat’s inappropriate statements”, according to the statement from the ministry made public on Tuesday.

• Tuesday, September 16th 2014 - 05:04 UTC

  White House says it prefers the UK to remain “strong, robust and united”

  

  The White House weighed in carefully on the Scottish independence referendum, saying Washington would respect the outcome of the vote but would prefer the United Kingdom to remain “strong, robust and united.”

• Tuesday, September 16th 2014 - 02:42 UTC

  US insists with Argentina it does not support the UN sovereign debt debate

  

  As Argentine President Cristina Fernandez readies for her annual trip to New York to speak at the United Nations General Assembly, US interim ambassador in Buenos Aires Kevin Sullivan ratified that Washington will not back the UN sovereign debt resolution sparked by Argentina’s legal battle with its holdout creditors.

• Saturday, September 13th 2014 - 05:13 UTC

  Venezuela quietly working to ensure a seat at the UN Security Council

  

  Venezuela’s populist government has quietly secured the backing of Latin America and the Caribbean to obtain a diplomatic trophy that long eluded the late Hugo Chavez: a seat on the United Nations Security Council.

• Saturday, September 6th 2014 - 06:36 UTC

  Argentina and holdouts again disagree before Pollack; end of September another deadline

  

  Argentina still has “unresolved” issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator said Friday.

• Friday, September 5th 2014 - 07:47 UTC

  Argentine Senate approves bill changing debt payment jurisdiction; next step Lower House

  

  Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.

• Friday, September 5th 2014 - 07:33 UTC

  NML Capital subpoenaed 18 banks in search of embezzled Argentine funds

  

  NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down 65 million dollars in what it says is embezzled Argentine money laundered through the United States.

• Friday, September 5th 2014 - 07:13 UTC

  Uruguay's main presidential opposition candidate suffers “Watergate break-in” crime

  

  Uruguay's main opposition candidate for October's contested presidential election was the victim of a “Watergate break-in” crime at the offices of the agency which is running his surprisingly successful campaign.

• Friday, September 5th 2014 - 02:19 UTC

  Bank of England leaves interest rate on hold at 0.5%; eyes set on minutes to be released 09/17

  

  The Bank of England has held UK interest rates at a record low of 0.5% for another month. The size of the Bank's economic stimulus program - quantitative easing - was also unchanged at £375bn.