United States

United States
Friday, July 18th 2014 - 07:32 UTC

US confirms six Guantanamo prisoners will be transferred to Uruguay

The jail in Guantanamo still holds over 140 prisoners from the war on terrorism launched by former president George W. Bush

President Barack Obama's administration has discretely notified Congress of its intention to transfer to Uruguay six prisoners from the U.S. base in Guantanamo, Cuba, according to the State Department.

Thursday, July 17th 2014 - 07:20 UTC

CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

Dilma Rousseff will be taking a proposal on sovereign debt restructuring to the G20 summit in Australia, according to the Argentine president

President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.

Thursday, July 17th 2014 - 07:14 UTC

CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

In an impassionate 26 minute speech the Argentine leader called for support in the battle with holdouts

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”

Thursday, July 17th 2014 - 06:15 UTC

Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

Griesa has received motions from the Bank of New York Mellon, the indentured trustee that currently holds a deposit from the Argentine government

US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.

Thursday, July 17th 2014 - 05:49 UTC

Holdout funds claim in ads campaign that Argentina is choosing default scenario

The American Task Force Argentina has concentrated its fire on Economy minister Kicillof

The American Task Force Argentina (ATFA), the group the government of President Cristina Fernandez has officially accused of being funded by same holdout creditors suing Argentina over its defaulted bonds, has resumed its advertisement campaign against Buenos Aires now saying the Kirchner administration is actually “choosing” a default scenario.

Wednesday, July 16th 2014 - 01:06 UTC

US economy recovering but “too many Americans remain unemployed”

“The recovery is not yet complete” Yellen told the semi-annual testimony before the Senate Banking Committee

The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.

Tuesday, July 15th 2014 - 07:07 UTC

Holdouts call on Argentina to settle debt payments and recall 30 July deadline

 Judge Griesa should be back this week from summer holiday in Montana

Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.

Tuesday, July 15th 2014 - 06:49 UTC

Citigroup agrees to pay 7bn dollars to settle sub-prime mortgages investigation

The deal includes 'consumer relief' which means investment in affordable homes and mortgage relief.

Banking giant Citigroup will pay 7bn dollars to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay 4bn to the Department of Justice and 2.5bn for “consumer relief”.

Monday, July 14th 2014 - 06:07 UTC

US consolidating as world's biggest oil and natural gas producer

Oil extraction is soaring at shale formations in Texas and North Dakota as companies apply fracking

The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report.

Saturday, July 12th 2014 - 11:21 UTC

Holdouts claim the Argentine government refuses to negotiate with hedge funds

“Simply put, we have not seen any indication that Argentina is serious about even beginning a negotiation,” Newman said.

The holdout hedge fund Elliott Management Corp representative emerged on Friday from five hours of meetings in New York with a court-appointed mediator, claiming the Argentine government still refuses to have negotiation years after its historic default.

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