United States

Saturday, June 6th 2015 - 08:00 UTC
Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.
Friday, June 5th 2015 - 09:23 UTC
The evolution of the oil weapon

In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela and North Korea, but the majority of energy related sanctions passed have been targeted at Iran and Russia.
Friday, June 5th 2015 - 06:22 UTC
IMF calls on the Fed to keep rates on hold until first half of 2016

The International Monetary Fund urged the Federal Reserve to wait until the first half of 2016 to start raising short-term interest rates because the US economy remains subpar. In its annual checkup of the US economy released Thursday, the IMF said “the underpinnings for continued growth and job creation remain in place.”
Friday, June 5th 2015 - 06:12 UTC
Flibanserin or “Viagra for women” closer to FDA approval: concern about side effects

A tiny pink pill touted as “Viagra for women” got a reluctant nod from the United States Food and Drug Administration panel, bringing the first medical treatment for female sexual dysfunction one step nearer to coming on the market.
Wednesday, June 3rd 2015 - 08:07 UTC
Obama signs bill that limits phone data collection by government

The US Senate has voted to limit the government's ability to collect phone data, a policy that had been in place since the attacks of 11 September 2001. The USA Freedom Act extends the government's ability to collect large amounts of data, but with restrictions.
Tuesday, June 2nd 2015 - 05:39 UTC
Jacobson nominated as new ambassador to Mexico, announced the White House

U.S. President Barack Obama on Monday announced his intention to nominate Roberta Jacobson, the assistant secretary of state for Latin America and the chief U.S. negotiator at the talks to resume diplomatic relations with Cuba, as the new ambassador to Mexico, the White House announced in a communiqué.
Tuesday, June 2nd 2015 - 05:32 UTC
Argentina states 'lack of confidence' in mediator Pollack named by Judge Griesa

The Argentine government has turned down a plea from mediator Daniel Pollack to return to the negotiating table with holdout investors, with the Economy Ministry considering that talks with the speculative funds, so-called 'vulture funds', would be inappropriate given the behavior of the litigants.
Monday, June 1st 2015 - 06:50 UTC
US economy shrinks 0.7% in first quarter; harsh winter partly to blame

The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year. The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%.
Saturday, May 30th 2015 - 09:27 UTC
FIFA case: US investigator 'fairly confident' of another round of indictments

Richard Weber, the United States Internal Revenue Service's (IRS) leader of criminal investigations, told The New York Times he was fairly confident that there would be another round of indictments, following on the 14 FIFA officials accused of racketeering and accepting $150 million in bribes to rig marketing contracts and the selection of the host country for the 2010 World Cup.
Saturday, May 30th 2015 - 08:51 UTC
US and Germany disagree about a world economy 'possible accident' if Greece collapses

The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. Germany said there was no sign of a breakthrough. The ongoing debate is taking place in Dresden, Germany in the framework of G7 Finance ministers and central bank chiefs meeting.