United States

Monday, September 29th 2014 - 21:16 UTC
Judge Griesa declares Argentina in contempt of court, but deferred financial penalties

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

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.
Saturday, September 27th 2014 - 09:12 UTC
Griesa allows Citibank to process a one-off payment of Argentine bonds

US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.
Saturday, September 27th 2014 - 08:47 UTC
US economy grows at an annual rate of 4.6% pushed by exports and investment

The US economy grew at an annual rate of 4.6% between April and June, faster than the previous estimate of 4.2%, according to revised figures from the US Department of Commerce. The revision was due to larger rises in exports and business investment.
Saturday, September 27th 2014 - 06:11 UTC
US/Argentina are going through 'a difficult period'; Timerman downplays situation

US Assistant Secretary of State for the Western Hemisphere Roberta Jacobson has said the bilateral relationship with Argentina is going through a “difficult period”, but stated the legal battle between that country and holdouts is not a “political problem” but a “judicial problem.”
Friday, September 26th 2014 - 06:42 UTC
US expands marine reserve in the Pacific to three times the size of California

US President Barack Obama has signed a memorandum to expand a vast marine reserve in the Pacific Ocean. The Pacific Remote Islands Marine National Monument will become the largest network of oceanic protected areas in the world.
Thursday, September 25th 2014 - 05:17 UTC
Argentina must explain to Judge Griesa why it is not in contempt of court

New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.
Wednesday, September 24th 2014 - 03:10 UTC
Eight US congress members table resolution in support of Gibraltar's right to self-determination

Eight US congress members have tabled a resolution calling for the House of Representatives to formally recognize Gibraltar’s right to self-determination.<br />
The bi-partisan move highlights the wishes of the Gibraltarians and underscores the deep historical links between the Rock and the US, highlighting its strategic position for US military interests.
Tuesday, September 23rd 2014 - 06:14 UTC
“Citibank has no gun to its head, but the Argentine law”, said Kicillof

Argentina's Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner remarks that the bank had “a gun pointed to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa’s ruling.
Tuesday, September 23rd 2014 - 05:54 UTC
Griesa calls for new hearing on Citibank injunction request to pay Argentine bonds

New York district judge Thomas Griesa has called a new hearing this Friday, after Citibank requested an injunction in order to honor a payment on Argentine bonds held under local legislation and in foreign currency.