United States

United States
Saturday, October 4th 2014 - 10:29 UTC

US trade deficit down, while oil imports fall to their lowest in four years

U.S. exports have increased 4.1% since August 2013 and imports have grown 3.7% in the period.

The U.S. trade deficit slipped 0.5% in August to 40.1 billion, the lowest since January, the Commerce Department reported Friday. Oil imports fell to their lowest level in four years.U.S. exports increased 0.2% in August to a record 198.5 billion, while imports grew 0.1% to 238 billion. After a 40.3 deficit in July, analysts expected a 40.9 billion trade gap in August.

Saturday, October 4th 2014 - 10:06 UTC

US unemployment falls to 5.9%, the lowest since July 2008

US markets cheered the news, with the Dow Jones Industrial Average rising over 100 points.

The US unemployment rate dipped to 5.9% in September, a six-year low, official figure has shown. The rate fell from 6.1% in August and is the lowest recorded since July 2008. US Labor Department also said that employers added 248,000 jobs last month, and the job growth figures for August and July were revised upwards.

Thursday, October 2nd 2014 - 06:59 UTC

Head of Mormons in Argentina kidnapped and robbed in Buenos Aires

The incident took place last Friday and apparently motivated the US embassy warning about crime in Argentina, blasted by Cristina Fernandez

The head of the Mormon Argentina Buenos Aires West Mission, US citizen David Paul Robertson, was kidnapped, robbed, and finally released by armed men that attacked him while he was driving in Ciudadela, in Greater Buenos Aires.

Thursday, October 2nd 2014 - 06:03 UTC

Kissinger wanted to smash Cuba in 1976 for its intervention in Angola

“I think we are going to have to smash Castro,” Kissinger told Mr Ford in a White House meeting in February 1976. “I agree”, President Ford said. (Pic AP)

US Secretary of State Henry Kissinger drew up plans to “smash Cuba” with air strikes nearly 40 years ago, government papers obtained by researchers show. He was angered by Cuba's 1976 military intervention in Angola and was considering retaliation if Cuban forces were deployed elsewhere in Africa.

Wednesday, October 1st 2014 - 08:09 UTC

US calls on Argentina “to normalize relations with all bondholders”

“By making this deposit, Argentina confirms once again its unshakeable commitment to meet its obligations to bondholders” said the Argentine ministry

While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations.

Wednesday, October 1st 2014 - 07:30 UTC

CFK targets US interim ambassador for 'provocative' report on crime in Argentina

”We know who wrote the warning: the same person who announced the country was in default,” CFK said, referring to Kevin Sullivan

Argentine President Cristina Fernández. CFK, questioned the warning message issued on Tuesday by the US Embassy in Buenos Aires, saying it is “in line” with anti-government media, and seriously doubting interim ambassador in Buenos Aires Kevin Sullivan’s intentions with the note.

Wednesday, October 1st 2014 - 07:15 UTC

US embassy releases scathing report on crime in Argentina

US citizens in Argentina always be aware of surroundings, maintain a high level of vigilance, and take appropriate steps to enhance personal security

Amid an ongoing dispute between the Argentine government and the US judiciary over the legal battle with holdout creditors, the US Embassy in Buenos Aires has issued a warning message for US citizens living in Argentina or about to travel to the country.

Tuesday, September 30th 2014 - 07:00 UTC

Cristina Fernandez claims US is responsible for Judge Griesa's decision

The Argentine president said Griesa's decision is in violation of international law and the UN and OAS charts (Pic Telam)

President Cristina Fernandez said US Judge Thomas Griesa decision to declare Argentina 'in contempt of court' in the dispute with speculative funds, was in violation of international law, the UN chart and the OAS (Organization of American States) chart.

Monday, September 29th 2014 - 21:16 UTC

Judge Griesa declares Argentina in contempt of court, but deferred financial penalties

Griesa ruled Argentina had not followed court's orders following the passing of a law which seeks to remove BONY Mellon as financial intermediary to pay bondholders

New York district judge Thomas Griesa declared on Monday Argentina in contempt of court, due to the country's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.

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.

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