United States

United States
Saturday, February 13th 2016 - 05:45 UTC

Valcke banned for 12 years from FIFA for misconduct and destruction of evidence

Valcke breached seven FIFA ethics rules, resulting in the ban and a fine of 100,000 Swiss francs.

Two weeks before the presidential election, FIFA's top judge bans former secretary general Jerone Valcke for 12 years for misconduct relating to World Cup ticket sales, travel expenses and destruction of evidence.

Thursday, February 11th 2016 - 05:57 UTC

Fed warns about uncertainty in China and tightening financial markets

Yellen said there are good reasons to believe the US will stay on a path of moderate growth that will allow the Fed to pursue “gradual” adjustments to monetary policy.

Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday.

Wednesday, February 10th 2016 - 07:24 UTC

Argentina still has uphill battle with holdouts: a stay of pari-passu is next round

Recently elected President Macri has taken a more conciliatory approach to the litigant funds, because of the need to regain access to vital hard currency funding.

While investors cheered progress on last week's arduous negotiations in New York between Argentine government officials and litigant investors, the administration of president Mauricio Macri still faces an uphill battle as it works to bring other holdouts on board.

Wednesday, February 10th 2016 - 07:16 UTC

US Treasury's strong support message for Argentina's litigation with holdout funds

The statement said Lew “echoed Pollack’s strong hope that all creditors will be able to resolve their differences and reach Agreements in Principle with Argentina.”

The United States gave another sign of support for Argentina’s economic policies as US Treasury Secretary Jacob Lew spoke on the phone with Finance Minister Alfonso Prat-Gay, striking an optimistic tone regarding the settlement offer made to the holdout funds in New York.

Wednesday, February 10th 2016 - 05:26 UTC

Meteorologists rebuke Royal Caribbean's “Anthem of the Seas” on weather report

The 168,666-ton vessel eventually confronted winds of up to 100 mph and created waves higher than 20 to 30 feet

“Royal Caribbean should have known better”. That's the word Tuesday from weather experts who closely monitored the development of the storm that rocked the line's Anthem of the Seas, on Sunday and Monday.

Saturday, February 6th 2016 - 07:37 UTC

US unemployment drops to 4.9% in January, but hiring is slowing down

The total number of people in work – excluding the agriculture sector – increased by 151,000. Economists had predicted 190,000.

The latest report from the United States Labor Department for January showed job gains slowed more than expected as the boost to hiring from unseasonably mild weather faded last month. However unemployment dropped to 4.9% of the workforce, the lowest in almost eight years.

Saturday, February 6th 2016 - 07:00 UTC

Argentina close to a full agreement with holdouts: US$ 6.5bn offer to end the litigation

“The agreement was awesome,” Caputo said in New York. “We have had a good reception of the proposals and I feel optimistic.”

Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end an exhausting 14-year legal battle, “the sovereign debt trial of the century”, that transformed the country into a financial markets pariah. Two out of six leading bondholders have already accepted the offer, the U.S. court-appointed mediator said, hailing the proposal by Argentina's new, business-friendly government as an “historic breakthrough”.

Saturday, February 6th 2016 - 05:36 UTC

UK will contest UN opinion on 'arbitrary detention' of Julian Assange

“We completely reject any claim that Julian Assange is a victim of arbitrary detention. The UK will formally contest the working group’s opinion”.

The United Kingdom will formally contest the opinion of the UN Working Group on Arbitrary Detention that Julian Assange is a victim of arbitrary detention. From Stockholm Swedish prosecution said the UN ruling had no formal impact into an ongoing rape investigation against the WikiLeak's founder.

Saturday, February 6th 2016 - 05:29 UTC

US promotes major traceability plan for fishery products to combat IUU

Kathryn D. Sullivan, NOAA administrator appealed to the seafood industry, trade and consumer sectors, international partners and the conservation community

The United States National Oceanic and Atmosphereric Administration (NOAA) announced a proposal to implement a traceability plan for fishery products, aimed at combating illegal, unreported and unregulated (IUU) fishing and to prevent fraudulent trade.

Thursday, February 4th 2016 - 07:59 UTC

Santos at the White House will ask for help to implement Colombia's peace accord

“Part of the conversation with President Obama is how can they help us in the post-conflict,” Colombian president Santos told a BBC interview.

Colombia's President Juan Manuel Santos has said he will ask President Obama to help implement a peace accord that his government expects to sign with the Farc rebel group next month. The two presidents will meet at the White House on Thursday.

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