United States

United States
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.

Wednesday, September 17th 2014 - 01:11 UTC

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

Timerman said “Argentina has honored all its commitments in due time and form under the conditions agreed in 2005 and 2010 and will continue to do so.”

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”

A variety of experts say Washington would rather avoid the disruption to NATO defenses that forming a separate Scottish military would bring.

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

“It would be much better to work with existing market mechanisms to issue sovereign debt rather than creating a UN convention” said Kevin Sullivan

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

When Chavez last tried for a seat in 2006, the United States succeeded in torpedoing his campaign. This year, Washington has been mum.

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

Pollack said that parties met again to continue exploring possibilities, but “the issues that divide the parties remain unresolved”

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

“Sometimes there are court decisions that cannot be followed,” said Miguel Angel Pichetto, head of the government's coalition in the Senate.

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.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!