United States

United States
Friday, September 26th 2014 - 06:42 UTC

US expands marine reserve in the Pacific to three times the size of California

“We have a responsibility to make sure... the future has the same ocean to serve it. Not to be abused, but to preserve and utilize” said John Kerry

US President Barack Obama has signed a memorandum to expand a vast marine reserve in the Pacific Ocean. The Pacific Remote Islands Marine National Monument will become the largest network of oceanic protected areas in the world.

Thursday, September 25th 2014 - 05:17 UTC

Argentina must explain to Judge Griesa why it is not in contempt of court

Griesa stated on Thursday that the Argentina faces a 50,000 dollar daily fine if it does not comply with the ruling.

New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.

Wednesday, September 24th 2014 - 03:10 UTC

Eight US congress members table resolution in support of Gibraltar's right to self-determination

“…the views and rights of Gibraltarians should always be imperative in any discussion of Gibraltar’s status as a British Overseas Territory.”

Eight US congress members have tabled a resolution calling for the House of Representatives to formally recognize Gibraltar’s right to self-determination.<br />
The bi-partisan move highlights the wishes of the Gibraltarians and underscores the deep historical links between the Rock and the US, highlighting its strategic position for US military interests.

Tuesday, September 23rd 2014 - 06:14 UTC

“Citibank has no gun to its head, but the Argentine law”, said Kicillof

Citibank has a “contract with the country that says that they have to allow payment of money deposited for bonds under Argentine law.”

Argentina's Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner remarks that the bank had “a gun pointed to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa’s ruling.

Tuesday, September 23rd 2014 - 05:54 UTC

Griesa calls for new hearing on Citibank injunction request to pay Argentine bonds

Citibank claims Argentina has threatened civil and criminal sanctions, if it fails to pass the interest payments to bond holders

New York district judge Thomas Griesa has called a new hearing this Friday, after Citibank requested an injunction in order to honor a payment on Argentine bonds held under local legislation and in foreign currency.

Tuesday, September 23rd 2014 - 04:56 UTC

“Just you wait; I'm coming” president Maduro tells US main newspapers

“I'm proud that a bus driver can be president of the Republic ... Gentlemen at the Washington Post, this busman right here is going to the United States”

Venezuelan leader Nicolas Maduro has said he will travel to New York this week for his debut appearance as president at the United Nations General Assembly despite “racist” editorials against him in major US newspapers.

Saturday, September 20th 2014 - 08:11 UTC

US court dismisses Citibank and Argentina appeal: back to Judge Griesa

“We decline to find jurisdiction because the order appealed from is a clarification, not a modification, of the amended February 23, 2012 order”

A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.

Friday, September 19th 2014 - 06:20 UTC

Cristina Fernandez blames Griesa and US embassy for “speculative attacks” against her government

The president linked the alleged attacks with the comments made earlier this week by US acting ambassador Kevin Sullivan

President Cristina Fernández de Kirchner assured on Thursday that Argentina is under “permanent speculative attack headed by US Federal judge Thomas Griesa,” and criticized “local vultures who have amplified the offensive to the point of ridicule.”

Thursday, September 18th 2014 - 05:46 UTC

US dollar at new record in Argentina; Kicillof blames 'holdouts' and the US embassy

The 'blue' dollar closed trading at 15.10 Pesos, with the gap between the two rates increasing to approximately 80%

The informal rate of the US dollar hit a new historic peek on Wednesday in Argentina, breaking the 15 pesos barrier and closing at 15.10 pesos, pushed by rate speculation, and following yesterday’s sharp 25-cents climb. Economy minister Axel Kicillof blamed the 'holdouts' and the US embassy for the latest surge.

Thursday, September 18th 2014 - 05:30 UTC

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

Yellen disappointed some when she said there was no “calendar date” for a rate rise. US markets however were reassured and Dow Jones closed at a record high.

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.

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