United States

Thursday, November 6th 2014 - 06:17 UTC
Most powerful Republican intends to employ a “trust and verify” with Obama

Kentucky Senator Mitch McConnell said on Wednesday he intends to employ a “trust but verify” relationship with President Barack Obama when he takes the helm as the new Senate majority leader, saying voters sent a clear message that both parties must govern.
Wednesday, November 5th 2014 - 06:43 UTC
The end of an era: Is the US petrodollar under threat?

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.
Wednesday, November 5th 2014 - 05:59 UTC
Republicans take control of the Senate: complicated last two years for Obama

The Republican Party has taken control of the Senate in the US mid-term elections, increasing their power in the final years of President Barack Obama's presidency. After gains in Arkansas, Montana, South Dakota, West Virginia and Colorado, North Carolina clinched victory. Kentucky's Mitch McConnell will become the Senate majority leader.
Wednesday, November 5th 2014 - 04:30 UTC
US reply to Argentina: Soderberg's responsibilities as public servant not linked to bonds' dispute

The US Department of State has backed the appointment of Nancy Soderberg as Chair of the Public Interest Declassification Board (PIDB), saying her “responsibilities” as public servant are “not linked” with Argentina’s dispute with the holdouts, Argentina's Telam news agency reported.
Wednesday, November 5th 2014 - 03:43 UTC
Argentina appeals Judge Griesa's 'contempt of court' ruling

Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.
Friday, October 31st 2014 - 21:21 UTC
Argentina's holdout dispute spills into the White House: CFK sends letter to Obama questioning Ambassador Soderberg

In a harsh letter, released on Friday, Argentine President Cristina Fernandez urged US President Barack Obama to explain whether ”Nancy Soderberg, the person you have appointed as Chair of the Public Interest Declassification Board (PIDB), which reports directly to the Government of the United States of America, is also the Co-Chair of the American Task Force Argentina (ATFA), an entity specifically created to attack and slander the Argentine Republic and its President.”
Friday, October 31st 2014 - 06:49 UTC
US economy expands 3.5% in third quarter boosted by government spending and exports

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department reported on Thursday. That was better than the 3% pace that economist had been expecting and follows the 4.6% growth rate recorded in the April-June quarter.
Wednesday, October 29th 2014 - 07:01 UTC
Griesa invokes Foreign sovereign immunities act in Argentine bonds dispute

US judge refused on Tuesday to require Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the 539 million dollars the country deposited to pay creditors who participated in its past restructurings.
Wednesday, October 29th 2014 - 06:35 UTC
Obama congratulates Dilma and underlines 'strategic value' of relation with Brazil

President Barack Obama on Tuesday telephoned Brazilian head of state Dilma Rousseff to congratulate her on her re-election, the White House said in a statement. Obama “emphasized the strategic value of our bilateral partnership and reinforced his commitment to deepening our cooperation in areas such as commerce, energy, and other priority bilateral issues through our existing strategic dialogues”.
Saturday, October 25th 2014 - 10:09 UTC
Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.