United States

Wednesday, June 18th 2014 - 07:45 UTC
IMF concerned about 'wider systemic implications' of the US Supreme Court decision on Argentina

The International Monetary Fund is “concerned about wider systemic implications” the ruling by the US Supreme Court could prompt following its decision not to consider Argentina’s appeal aimed at staving off a default.
Wednesday, June 18th 2014 - 07:37 UTC
Argentina plans to reopen debt swap program and will request to meet Griesa

Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds held by hedge funds, after the US Supreme Court declined to take Argentina's case against the so-called 'vulture funds'.
Tuesday, June 17th 2014 - 06:27 UTC
IMF cuts US growth forecast and recommends 'continued policy support'

The International Monetary Fund cut its growth forecast for the United States and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to take its time before raising interest rates.
Monday, June 16th 2014 - 05:34 UTC
Argentina hopeful US Supreme Court will take the hedge funds holdouts case

US Supreme Court is likely to issue a ruling in the upcoming months favoring Argentina’s position in the country’s dispute against hedge funds ('vulture funds'), anticipated former Argentine Finances Secretary Guillermo Nielsen.
Friday, June 13th 2014 - 07:44 UTC
US Supreme Court rules 8-0 against Coca Cola for 'false, misleading label'

The United States Supreme Court on Thursday sided with juice maker Pom Wonderful in its long-running false advertising dispute with the Coca-Cola Co., a decision that could open the door to more litigation against food makers for deceptive labeling.
Friday, June 13th 2014 - 07:32 UTC
Easy-monetary policy advocates join the Federal Reserve; Fischer confirmed vice-chairman

The US Senate confirmed on Thursday Stanley Fischer to be vice chairman of the Federal Reserve and approved Jerome Powell and Lael Brainard as members of the central bank's board, bolstering the Fed as it prepares to wind down its extraordinary stimulus.
Tuesday, June 10th 2014 - 13:17 UTC
Obama's climate plan is leaking methane

The United States Environmental Protection Agency's new regulations aimed at reducing carbon emissions by 30% will no doubt lead to a cleaner economy. But the road there will be paved with methane. By requiring reductions in the energy intensity per megawatt-hour of electricity generation, utilities will have the ability to choose from an array of options for how to meet the targets.
Monday, June 9th 2014 - 07:45 UTC
Hillary Clinton favors easing US economic embargo on Cuba

While secretary of state, Hillary Clinton urged President Barack Obama to ease the U.S. economic embargo against Cuba, according to excerpts from her memoir due out next week.
Monday, June 9th 2014 - 06:10 UTC
US Embassy praises Argentina: says 'investment climate has started to change'

The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.
Saturday, June 7th 2014 - 04:24 UTC
US economy has regained all 8.7 million jobs lost during the recession

Employers in the United States added 217,000 jobs in May, slightly below what analysts had been expecting. The US non-farm payroll figure was well below April's revised number of 282,000 jobs, but it was still the fourth month in a row of solid gains. The unemployment rate in May remained at 6.3%.