United States

United States
Thursday, November 12th 2015 - 07:29 UTC

Nephews of Venezuela's First Lady face US drug trafficing charges

The two men are due to appear before a federal judge in New York on Thursday. Venezuela has not commented on the reported arrests

Two nephews of Venezuela's first lady have been arrested in Haiti and taken to the US to face drug trafficking charges, US media reports say. Franqui Francisco Flores-de Freitas and Efrain Antonio Campo-Flores are accused of conspiring to smuggle 800kg of cocaine into the United States.

Tuesday, November 10th 2015 - 06:49 UTC

Another can of worms in Petrobras: 1.2bn dollars for a century old Texas refinery

Petrobras paid $1.2bn for the nearly century-old refinery complex, almost 30 times the amount the Belgian company Astra Oil purchased it for in 2005

Brazilian officials are investigating allegations that Petrobras overpaid hundreds of millions of dollars for the Pasadena, Texas, refinery and funneled money into a massive kickback scheme that's led to dozens of convictions and arrests and fueled calls for the impeachment of president Dilma Rousseff, who chaired the company until 2010.

Saturday, November 7th 2015 - 08:18 UTC

US unemployment drops to 5%; Fed expected to raise rates in December

Earlier this week, Janet Yellen, chair of the Fed, told a Congressional committee that a rise in US interest rates in December was “a live possibility”.

Expectations of a rise in US interest rates in December have soared following a stronger-than-expected jobs report. The US economy added 271,000 jobs in October, far exceeding the 185,000 jobs that economists had forecast.

Wednesday, November 4th 2015 - 07:41 UTC

Argentina defaulted bonds dispute pushed into the US Republicans' presidential campaign

Billionaire New York investor Paul Singer sent a letter to dozens of other donors declaring his support for Rubio in the presidential primary

One of the wealthiest and most influential Republican donors — who also happens to be in the midst of a legal battle with Argentina over defaulted-debt — is throwing his support behind the presidential campaign of US Republican Senator Marco Rubio of Florida, according to a New York Times report.

Tuesday, November 3rd 2015 - 18:16 UTC

US manufacturing slows down in October but construction booming: up 17.2%

A strong US dollar has hurt exports and caused a number of job cuts at plants.  According to ISM, the number of manufacturing jobs declined 8% in October

US manufacturing grew at its slowest pace in two years in October, according to data released by Institute for Supply Management (ISM). This is the fourth consecutive month of declines in factory activity, with growth at its slowest pace since May 2013.

Monday, November 2nd 2015 - 08:07 UTC

US Navy Carrier Strike Group 9 anchored off Punta Arenas for Unitas exercises

USS George Washington and Carrier Strike Group 9 will be in Latin American waters through December for UNITAS 2015

The United States Carrier Strike Group 9 which is participating in a series of 'Unitas' exercises with different Latin American and Pacific countries, anchored off Punta Arenas and is scheduled to leave on Monday for Rio do Janeiro, Brazil, according to reports from the extreme south Chilean city port.

Friday, October 30th 2015 - 07:39 UTC

US growth slows sharply in the third quarter; consumer spending strong at 3.2%

Low fuel prices have been good news for consumer spending, which accounts for more than two-thirds of US economic activity.

United States growth slowed sharply in the third quarter of the year. GDP grew at an annualized pace of 1.5% between July and September, according to the Department of Commerce, down from 3.9% in the second quarter. The slowdown was partly due to companies running down stockpiles of goods in their warehouses.

Thursday, October 29th 2015 - 07:32 UTC

Fed rates unchanged; fears of monetary easing in EU, Japan and China, and inflation still below 2%

Most Fed policymakers have said they expect to raise rates in 2015, but two broke ranks with Fed Chair Janet Yellen this month

The US Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.

Wednesday, October 28th 2015 - 09:11 UTC

UN condemns 191-2, US embargo on Cuba, despite restored relations

US deputy ambassador Ronald Godard said before the vote that Cuba is “mistaken” if it thinks the measure will improve efforts to normalize relations.

United States on Tuesday voted against a U.N. resolution condemning its embargo on Cuba, even though President Barack Obama has called on Congress to lift the trade restrictions. The vote was the first since the U.S. and Cuban leaders agreed to restore diplomatic ties last December, and the U.S. had considered taking the unprecedented step of abstaining.

Sunday, October 25th 2015 - 10:16 UTC

Monsanto in the dock? possible mass tort civil action against glyphosate

The lawsuit in several US states accuses Monsanto of long knowing that the main ingredient in Roundup, glyphosate, was hazardous to human health.

Personal injury law firms around the United States are lining up plaintiffs for what they say could be “mass tort” civil actions against agrochemical giant Monsanto that claim the company’s Roundup herbicide has caused cancer in farm workers and others exposed to the chemical.

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