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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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.