United States

• 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.

• 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.