United States

United States
Saturday, September 27th 2014 - 09:24 UTC

Argentina lashes Griesa for not making a final decision on the Citibank dispute

Kicillof argued that with one-off payment order, Griesa is harming Argentina and bond holders, which are hostage of the 'vulture funds'

Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.

Saturday, September 27th 2014 - 09:12 UTC

Griesa allows Citibank to process a one-off payment of Argentine bonds

Citibank can now make payment and has three months before the next payment by Argentina on 31 December for 262 million dollars is due

US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.

Saturday, September 27th 2014 - 08:47 UTC

US economy grows at an annual rate of 4.6% pushed by exports and investment

The revised figures for the second quarter showed that exports increased by 11.1% from the previous three months, while business spending rose by 9.7%.

The US economy grew at an annual rate of 4.6% between April and June, faster than the previous estimate of 4.2%, according to revised figures from the US Department of Commerce. The revision was due to larger rises in exports and business investment.

Saturday, September 27th 2014 - 06:11 UTC

US/Argentina are going through 'a difficult period'; Timerman downplays situation

“Right now we are going through a difficult period in our relationship, but we hope we can still develop a positive tie with Argentina,” Jacobson said

US Assistant Secretary of State for the Western Hemisphere Roberta Jacobson has said the bilateral relationship with Argentina is going through a “difficult period”, but stated the legal battle between that country and holdouts is not a “political problem” but a “judicial problem.”

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.


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