United States

United States
Saturday, August 9th 2014 - 07:53 UTC

US reject the ICJ as an 'appropriate venue' for addressing Argentina's debt issues

The State Department spokesperson also called on Argentina to engage with creditors to resolve remaining issues with bondholders (Pic Heffx)

A spokeswoman for the U.S. State Department said the United States would not permit the International Justice Court in The Hague to hear Argentina's claims that U.S. court decisions had violated its sovereignty.

Saturday, August 9th 2014 - 07:45 UTC

Despite warning, Kicillof again defies and again accuses Griesa of 'partiality'

 The statement from Kicillof's ministry said “Judge Griesa continues contradicting himself and the facts by saying that Argentina did not pay”

Economy ministry Axel Kicillof once again defiantly insisted Argentina has made a required debt payment on restructured sovereign bonds on Friday night, just hours after a U.S. judge threatened a contempt-of-court order if Argentina did not stop issuing such statements.

Saturday, August 9th 2014 - 07:34 UTC

Griesa warns Argentina with 'contempt' if it continues with “false and deceiving statements”

Blackman said his firm had nothing to do with the two-page ad and appealed to Griesa to consider that Argentina's default was of “immense public interest”

New York district judge Thomas Griesa on Friday threatened to declare Argentina in “contempt” of court if the Republic continues to make “false and deceiving statements,” following Argentina’s claim it has already paid exchange bondholders and has no pending obligations, as it deposited 539 million dollars in bond payments in Bank of New York Mellon (BoNY) and Citibank.

Saturday, August 9th 2014 - 07:12 UTC

Fifty years since the Gulf of Tonkin incident which triggered the Vietnam war

 “Aggression by terror against peaceful villagers of South Vietnam has now been joined by open aggression on the high seas against the US”, President Johnson

Fifty years ago, a controversial confrontation in the Gulf of Tonkin between the United States and North Vietnam forces set the stage for what eventually became US involvement in the Vietnam War.

Saturday, August 9th 2014 - 05:49 UTC

Forty years ago Watergate forced Nixon to became the only US president to resign

Nixon: “to leave office before my term is completed is abhorrent to every instinct in my body.  But as president, I must put the interests of America first.”

Forty years ago on August 8, 1974, Richard Nixon became the only US president to resign from office. His departure came because of his involvement in the Watergate scandal and subsequent cover-up, which began when Republican campaign operatives broke into Democratic Party headquarters in the Watergate office building in Washington in June of 1972.

Friday, August 8th 2014 - 08:57 UTC

Argentina urges Obama to intercede in holdouts case: Griesa is 'interfering with US foreign policy'

“The US has to be responsible for its justice. We hope to settle this case in an international court” said Cristina Fernandez

Argentine President Cristina Fernández on Thursday urged US President Barack Obama to intercede in the dispute between Argentina and holdouts over Argentine debt, while blasting New York judge Thomas Griesa for “not making any sense”.

Friday, August 8th 2014 - 08:49 UTC

The Guardian: How Barack Obama could end the Argentina debt crisis

President George W Bush invoked 'comity' power and blocked Singer's seizure of Congo-Brazzaville's US property

By Greg Palast (*) - US president need only inform a federal judge that vulture fund billionaire Paul Singer is interfering with the president's sole authority to conduct foreign policy. He hasn't. But why not?

Friday, August 8th 2014 - 07:09 UTC

Griesa summons hearing for Friday; Argentina launches proceedings against the US in The Hague

 Griesa has ordered the Bank of New York to hold the Argentine funds and has said Argentina's attempt to pay restructured bond holders was illegal.

New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time on Friday to address Argentina's recent public statements over their attempts to pay creditors, a court official said. Representatives from both Argentina and holdout investors have been called to the hearing, which will take place in New York.

Thursday, August 7th 2014 - 07:02 UTC

Argentina closer to contempt of court as it suggests bondholders to change paymaster

“BNY shall retain the funds in its accounts at the BCRA pending further order from this court”, ordered Judge Griesa

New York district judge Thomas Griesa and the Argentine government are again on the collision course: while the magistrate has ordered the Bank of New York Mellon to retain the funds deposited by Argentina to pay exchange bondholders and declaring the payment “illegal”, the Ministry of Economy in Buenos Aires suggested bondholder should change BONY for a new intermediary institution.

Wednesday, August 6th 2014 - 08:02 UTC

Argentina will demand Citibank and BONY to pay exchange bondholders

The Ministry of Economy will also publish on Wednesday in international and local newspapers a call for exchange bondholders to exercise their rights

The Argentine Government will formally demand that Citibank and the Bank of New York Mellon pay exchange bondholders, the Economy Ministry informed on Tuesday in a press release.

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