United States

Wednesday, July 31st 2013 - 17:13 UTC
Markets up after Fed confirms it will continue with 85bn monthly bonds’ purchase

US stocks extended gains in volatile trading on Wednesday after the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. In a statement following its two-day meeting, the Fed said the economy continues to recover but still needs support.
Wednesday, July 31st 2013 - 16:38 UTC
US economy performance better than expected; expansion in 2012 was 2.8%

The US economy grew at an annualised pace of 1.7% in the second quarter of the year, the Commerce Department has said. That was a faster pace than expected by economists. It was also up from the growth rate for the first three months of 2013, which was revised lower to 1.1% from 1.8%.
Monday, July 29th 2013 - 21:48 UTC
US power regulator after JP Morgan Chase for market manipulation

The US power regulator outlined its case of market manipulation against JPMorgan Chase & Co as industry sources said a final settlement on the issue should come on Tuesday. Traders used improper bidding tactics in California and the Midwest to boost profits, officials said in a statement that brought to light some details of an extensive investigation.
Saturday, July 27th 2013 - 20:13 UTC
US largest bank moving out of the commodities business; Congress investigation

New York-based JPMorgan, the largest US bank, said that it’s “pursuing strategic alternatives,” including the sale or spin-off of its commodities business, after an internal review. The statement came three days after a US congressional hearing investigated whether deposit-taking banks should be allowed to trade raw materials such as oil and industrial metals.
Friday, July 26th 2013 - 05:48 UTC
US global spy dragnet and PRISM confirmed in narrow vote at the Lower House

The US House of Representatives has narrowly voted to continue collecting data on US phone calls, in the first legislative move on the program. In a 205-217 vote, lawmakers rejected an effort to restrict the National Security Agency's (NSA) ability to collect electronic information.
Thursday, July 25th 2013 - 02:25 UTC
Aerolineas Argentinas announces daily flights to New York after five years of absence

Argentina’s state-run airline and flag carrier Aerolíneas Argentinas announced this week it will resume its direct flights to New York that were terminated five years ago. On December 15, the company will be offering a daily flight from Ezeiza airport to New York’s John F. Kennedy airport.
Wednesday, July 24th 2013 - 06:59 UTC
IMF backs down from siding with Argentina before the US Supreme Court on hedge funds case

The International Monetary Fund no longer plans to ask the U.S. Supreme Court to review Argentina's case in its decade-old legal battle with holdout creditors due to a lack of support from the U.S. government, the IMF said on Tuesday.
Wednesday, July 24th 2013 - 06:56 UTC
Fed expected to trim bond buying to 65bn in September, says Bloomberg survey

Federal Reserve Chairman Ben S. Bernanke in September will trim the Fed’s monthly bond buying to 65 billion from the current pace of 85 billion dollars, according to a growing number of economists surveyed by Bloomberg News.
Monday, July 22nd 2013 - 06:29 UTC
Mercosur chair not interested in restoring normal relations with US

Venezuela says it's ending talks with the United States to restore normal relations because Washington's UN ambassador-designate criticized its human rights record. Venezuela currently holds the chair of Mercosur.
Saturday, July 20th 2013 - 06:03 UTC
Argentina/hedge funds dispute: US will not file ‘uninvited’ brief to Supreme Court

The Barack Obama administration won’t file a brief next week urging the U.S. Supreme Court to hear Argentina’s appeal in a clash with implications for tens of billions of dollars in defaulted debt, according to a Justice Department spokesman.