United States appeals court put on hold a United States District Judge Thomas Griesa ruling lifting injunctions that have restricted Argentina from paying off some debts in light of the country’s US$6.5 billion offer to settle litigation over bonds in default since 2002.
American Airlines said this week it will ax its Caracas to New York route on April 4 due to low demand just over three months after reinstating it. The surprise move comes amid a years-long battle between American Airlines Group and the Venezuelan government in which the world's largest airline says it has not been able to repatriate revenue.
The United States has brought added momentum to global efforts targeting illegal fishing by adhering to a FAO-brokered international pact.US Ambassador to the United Nations agencies in Rome, David Lane, this week formally presented FAO Director-General José Graziano da Silva with the US' instrument of ratification of the Agreement on Port State Measures to Prevent, Deter and Eliminate Illegal, Unreported and Unregulated Fishing.
Michael Bloomberg has decided against throwing his hat in the United States 2016 presidential ring. On Monday, March 7, the former New York City mayor, 74, penned a lengthy explanation on his website The Bloomberg View. as to why he will not run for president.
The United States economy added 242,000 jobs in February, far better than the 190,000 expected by economists. The Labor Department numbers underlined the strength of the US economy and may allow the Federal Reserve to gradually raise interest rates this year. Another 30,000 jobs were also added to the previous estimates for December and January.
Following on Donald Trump's sweeping win on super-Tuesday Republican strategists are planning support for Ohio governor John Kasich so he can take his state presidential primary on 15 March and similarly with hopeful Senator Marco Rubio in his home state of Florida.
Paul Singer, the influential hedge fund billionaire from New York who endorsed Marco Rubio in October, is set to be named as his national finance chairman according to various US press reports. Singer is well known in Argentina for bringing a lawsuit against the government in the holdouts dispute.
United States turned into a net natural gas exporter for a week after the first liquefied natural gas export from Cheniere Energy Inc's Sabine Pass terminal in Louisiana left for Brazil. The United States however is not expected to become a net exporter of gas on an annual basis until 2017 after more pipelines to Mexico and LNG export terminals enter service, according to federal energy estimates.
The United States economy grew at a faster pace than previously thought in the fourth quarter of 2015, according to the latest official figures. Growth was an annualized 1% in the quarter, compared with an initial estimate of 0.7%.
Argentina received support for its economic reforms from the United States, China and Europe during the Finance ministers meeting held in Shanghai over the weekend in anticipation of the G20 heads of state and government summit next June, according to a release from the Argentine Finance ministry.