United States

United States
Tuesday, May 3rd 2016 - 07:12 UTC

Miami sea-food sentenced for falsely labeling Chilean salmon as Scottish

MKG Provisions, (UpRiver Aquaculture), will have to face three years of probation and a US$ 50,000 fine for labeling Chilean salmon as “product of Scotland”.

A Miami-located seafood company was sentenced in a Federal Court for falsely labeling salmon in December 2012 in violation of the Lacey Act, National Oceanic and Atmospheric Administration (NOAA) informed.

Monday, May 2nd 2016 - 08:39 UTC

“Adonia”, the first US cruise vessel in fifty years to dock in Havana on Monday

“Making history and preparing for an even more positive future for everyone is the greatest of honors any company can have,” said Carnival CEO Arnold Donald

The first US cruise ship bound for Cuba in half a century set sail from Florida on Sunday, marking a new milestone in the rapprochement between Washington and Havana. The Adonia, a vessel from the Carnival cruise's Fathom line, raised its anchors and departed from Miami, the heart of the Cuban diaspora in the United States, around 4:00 pm.

Thursday, April 28th 2016 - 07:22 UTC

Fed leaves rates unchanged; expectations over an increase move to June

The Fed said labor market conditions have improved further since its interest rate decision in March, “even as growth in economic activity appears to have slowed.”

The U.S. Federal Reserve did what many expected on Wednesday as it left its key interest rate range unchanged. The central bank maintained its overnight lending rate for banks at a target range of between 0.25 and 0.50% where it has been since it was boosted from near zero back in December. Expectations now have moved to the two-day meeting on 14/15 June.

Wednesday, April 27th 2016 - 10:44 UTC

Paul Singer praises Macri but warns about negative impact from Collective Action Clauses

 The article came days after Singer was invited to write in TIME about Macri as part of the publication’s Most 100 Influential People in the World list

Financier Paul Singer again took to the US media to celebrate Argentine President Mauricio Macri’s decision to settle with the so-called “speculative” creditors, including Singer’s own Elliott Management, with an article in the Wall Street Journal heaping praise on his business-friendly approach and willingness to negotiate with the holdouts.

Sunday, April 24th 2016 - 09:03 UTC

Anti/slavery crusader Harriet Tubman will command the $20 dollar bill

Tubman was born a slave and helped hundreds of slaves escape using the Underground Railroad

Anti-slavery crusader Harriet Tubman will become the first African-American to be featured on the face of US paper currency when she replaces President Andrew Jackson on the $20 bill. She will also be the first woman on US paper currency in more than a century.

Sunday, April 24th 2016 - 08:26 UTC

International major effort to cooperate on tax issues and halt evasion and elusion

The Panama Papers could create a rare moment to break down secrecy, Robert Stack, a US Treasury Department deputy assistant secretary, said in New York.

The International Monetary Fund and the World Bank are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.

Saturday, April 23rd 2016 - 10:46 UTC

Treasury Secretary Lew praises Argentina for its reintegration to the global economy

Argentina’s successful final settlement is a testament to the sea change in policy under President Macri, said Treasury Secretary Lew

United States Treasury Secretary Jacob J. Lew celebrated Argentina's return to international markets and reintegration to the global economy, following the final settlement with holdout creditors, which it described as a major milestone not only for Argentina but for the global financial system.

Friday, April 22nd 2016 - 15:51 UTC

Carnival cruise to Havana triggers controversy with Cuban/Americans who allege discrimination

Marty is part of a class-action lawsuit claiming that Carnival is discriminating against Cuban-Americans looking to travel to their homeland.

A federal lawsuit is claiming that Carnival Corporation is discriminating against Cuban-Americans who weren’t allowed to book tickets on a cruise to the Castro brothers dominated country. CNN reports that when Carnival announced plans for a cruise ship from its Fathom line to sail from Miami to Havana in May, Francisco Marty jumped at the opportunity to surprise his children with a trip back to their native land.

Friday, April 22nd 2016 - 07:48 UTC

Singer praises Macri and calls him a great 'reformist' in a Time weekly column

The policies of Argentina’s ruling duo, Nestor and Cristina Kirchner, led to rampant inflation, falling currency value and capital flight,” wrote Singer

United States hedge fund billionaire Paul Singer is a big fan of Argentina’s new president. For one thing, Mauricio Macri doesn’t call him a “vulture lord” or a “bloodsucker,” as his predecessor Cristina Fernández did. More important, the newly elected Macri recently paid Singer’s firm US$2.28 billion in debt.

Friday, April 15th 2016 - 09:04 UTC

US regulators reject “too big to fall” banks proposals in case of another major 'blackout'

FDIC and the Federal Reserve board jointly rejected the banks' plans. If they fail to come up with improved plans they could face “more stringent” requirements.

US regulators have rejected the plans of five big US banks for closing their operations in the event of a crisis. Banks labeled “too big to fail” must have a so called “living will” that would allow them to close down without the help of public money. Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo have until 1 October to submit improved plans.


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