United States

Friday, July 19th 2013 - 06:17 UTC
Motor City files for bankruptcy; city offers 10cents for every dollar of debt

The US city of Detroit in Michigan, once renowned as ‘Motor City’ has become the largest American city ever to file for bankruptcy, with debts of at least 15bn dollars. State-appointed emergency manager Kevyn Orr asked a federal judge to place the city into bankruptcy protection.
Wednesday, July 17th 2013 - 22:12 UTC
Fed says asset purchases will remains above all flexible to market conditions

Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive asset purchase program later this year but left open the option of changing that plan in either direction if the economic outlook shifted.
Tuesday, July 16th 2013 - 21:12 UTC
American offshore accounts in foreign banks with more than 50.000 dollars have to be reported

The US Treasury Department said it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans by six months until July 1, 2014, giving foreign banks more time to determine how to comply.
Monday, July 15th 2013 - 16:22 UTC
Uruguay files in SEC plans to sell up to 5 billion dollars in securities

Uruguay filed a shelf registration with the US Securities and Exchange committee to sell up to 5 billion in US denominated securities. Economy minister Fernando Lorenzo said the filing will allow the government to issue debt when it is convenient for the country and market conditions are favourable.
Monday, July 15th 2013 - 15:33 UTC
US Congress members write to Kerry calling for sanctions on Argentina for ties with Iran

Members of the United States Congress have sent letters to Secretary of State John Kerry and US Attorney-General Eric Holder calling for the sanctioning of Argentina for its ties with Iran.
Sunday, July 14th 2013 - 23:53 UTC
Argentina litigation with hedge funds; ‘US could end siding with Buenos Aires’ says Washington Post

The United States Justice, Treasure and State Department officials met on Friday with lawyers both from Argentina and hedge funds that refused to accept the administrations of presidents Nestor Kirchner and Cristina Fernandez debt swaps, The Washington Post reported on Saturday.
Friday, July 12th 2013 - 22:19 UTC
US Airways shareholders approve merger with American Airlines

US Airways shareholders voted to approve the carrier's merger with American Airlines' parent company, AMR Corp. on Friday morning. The formal part of the shareholder meeting in New York lasted about 15 minutes.
Friday, July 12th 2013 - 22:11 UTC
Despite lavish spending, health of the US population has fallen behind that of economic peers

The United States is falling behind its economic peers in most measures of health, despite making gains in the past two decades, according to a sweeping study of data from 34 countries.
Friday, July 12th 2013 - 08:28 UTC
Despite US ‘spying’ Rousseff’s state visit to Washington is still on, says Brazilian congress

Disclosures alleging that the United States has collected data on billions of telephone and email conversations in Brazil will not affect Brazil-U.S. relations, said the head of the country’s joint congressional committee on intelligence.
Friday, July 12th 2013 - 08:00 UTC
US posts unexpected budget surplus in June reflecting the improving economy

US government posted an unexpectedly large budget surplus in June, a further sign of the rapid improvement in public finances that has taken the heat off Congress to find savings and raise the nation's borrowing limit.