United States

Tuesday, July 24th 2012 - 21:13 UTC
US sides with Argentina in “pari-passu” controversy with defaulted bondholders

Argentina asked a US federal appeals court to reverse lower-court rulings that could help creditors including Elliott Management Corp.’s NML Capital Fund collect on 1.4 billion dollars in defaulted bonds.
Saturday, July 21st 2012 - 06:50 UTC
UK receives first of next generation of stealth aircraft, STOVL F-35 Lightning II

The first of the UK's next generation of stealth combat aircraft, Lightning II, was handed over to the Ministry of Defence at a ceremony in Fort Worth, Texas. Defence Secretary Philip Hammond formally accepted the first of the jets which are short take-off and vertical landing (STOVL) F-35 Joint Strike Fighters and are manufactured by Lockheed Martin.
Saturday, July 21st 2012 - 06:28 UTC
US members of Congress blame the UN for introducing cholera to Haiti

More than 100 Democrats from the US House of Representatives have called on the UN to take responsibility for introducing cholera to Haiti. It is the latest twist in the allegation that UN peacekeepers unwittingly introduced the disease.
Thursday, July 19th 2012 - 18:38 UTC
EU, US and Japan battle with China at WTO over rare earth minerals

European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China's export restrictions on rare earth minerals.
Thursday, July 19th 2012 - 18:29 UTC
US meats’ farming massive use of antibiotics creating more resistant bacteria

The factory farming of cows, pigs, poultry and fish sucks up 29 million pounds—80%—of antibiotics sold in the United States. Many illness-causing bacteria are now resistant to most or all of the antibiotics that once killed them.
Thursday, July 19th 2012 - 18:17 UTC
US worst drought since 1956 sends soybeans and corn skyrocketing

The commodities soy and corn’s prizes sky rocked on Thursday thanks to the severe drought that has been punishing the United States heartland. Soy and corn were being sold at record high of 638.89 dollars/ton and 320.26 dollars/ton respectively.
Wednesday, July 18th 2012 - 17:03 UTC
Geithner defends US response during the 2008 Libor-rate credibility slump

US Treasury Secretary Timothy Geithner defended his response in 2008 to concerns that emerged over the benchmark Libor interest rate, arguing on Wednesday that US regulators pushed early and forcefully for reforms.
Tuesday, July 17th 2012 - 20:13 UTC
Bernanke concerned with US economy but with no clues about what steps to follow

Federal Reserve Chairman Ben Bernanke on Tuesday offered few new clues on whether the US central bank was moving closer to a fresh round of monetary stimulus, even as he underscored his concerns over the economy's weakness.
Tuesday, July 17th 2012 - 19:27 UTC
HSBC grilled in US Senate for lax controls enabling billions of money laundering

The CEO of the U.S. division of the big international bank HSBC is apologizing for lax controls that lawmakers say allowed Mexican drug cartels to launder billions of dollars through the US operation and many other illicit transactions for years.
Monday, July 16th 2012 - 23:55 UTC
Drought stretching across US threatens economies of farming states and food prices

A worst-in-a-generation drought from stretching across the United States is damaging crops and rural economies and threatening to drive food prices to record levels. Agriculture, though a small part (1.2%) of the 15.5 trillion dollars US economy, had been one of the most resilient industries in the past three years as the country struggled to recover from the recession.