United States

United States
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.

Saturday, February 15th 2014 - 07:41 UTC

Lula da Silva tries to convince top US corporations and banks to invest in Brazil

The former leader was 'very positive' and 'confident' as well as 'quite convincing'

Former president Lula da Silva lobbied strongly on Thursday in New York trying to convince US investors to make business in Brazil during a conference to members of the American Society and Council of Americas, which organized the event.

Thursday, February 13th 2014 - 01:31 UTC

Still divided, US Congress lifts government borrowing limit...until 2015

The measure now goes to President Barack Obama to sign into law.

The US Senate has sent to the president a bill to raise the country's borrowing limit for another year, ending a series of political standoffs over the issue. The chamber passed the bill on a 55-43 party line vote a day after it narrowly passed the House of Representatives.

Tuesday, February 11th 2014 - 23:53 UTC

Yellen confirms Bernanke approach: labor market recovery “far from complete”

It was Yellen's first public comments as Fed chief

Federal Reserve Chair Janet Yellen said on Tuesday the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.”

Monday, February 10th 2014 - 03:47 UTC

Timerman calls two US Senators 'extremists', ideologically opposed to US public opinion

 The Argentine official also tied Rubio to the hedge funds that are embroiled in a long legal battle with Argentina

Argentine foreign minister Hector Timerman called US senators Marco Rubio and Robert Menendez “extremists”, who don't represent the will of the Senate, the US government or the US people.

Saturday, February 8th 2014 - 09:10 UTC

Capitanich reacts to US Senators statements on Cristina Fernandez government

“In Argentina citizens and inhabitants enjoy a full democracy and social inclusion”, said the Cabinet chief

Argentina's cabinet chief Jorge Capitanich reacted on Friday to US Senators' remarks who on Thursday harshly criticized the economic policies of President Cristina Fernandez administration and forecasted an economic collapse sooner than later.

Saturday, February 8th 2014 - 08:36 UTC

Unemployment in the US falls to lowest level since October 2008, but it's not enough

The US economy added 113,000 jobs in January, the second month in a row the figure has been weaker than expected.

The US economy added 113,000 jobs in January; the second month in a row the figure has been weaker than expected. Economists had predicted the US Labor Department would report an increase of about 180,000 new jobs. However, the unemployment rate fell to 6.8%, the lowest level since October 2008.

Friday, February 7th 2014 - 07:13 UTC

Two leading US Senators anticipate an economic crisis in Argentina, soon

Republican Marco Rubio and Democrat Bob Menéndez, from the Senate foreign relations committee

The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.

Wednesday, February 5th 2014 - 22:59 UTC

US, the world's largest producer of oil approves licenses to export crude to Europe

According to Reuters BIS authorized licenses to the UK and Italy and another for Germany is in the pipeline

The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.

Wednesday, February 5th 2014 - 08:38 UTC

US Senate passes 1 trillion dollars farm bill with crop insurance program, cuts in subsidies and food stamps

Senator Stabenow, 'saving taxpayers money and creating smart policies that lay the foundation for a stronger economy'

The United States Senate on Tuesday passed the long-awaited almost 1 trillion dollars farm bill, ending two years of partisan clashes and stalled negotiations. The bill was approved with strong bipartisan support, 68 to 32.

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