United States

Monday, January 7th 2013 - 13:49 UTC
Koreans again in love with US beef following aggressive campaign from industry

Only four years ago 100.000 South Koreans lined the streets of Seoul to protest the return of US beef to Korea. Consumer confidence in US beef was at an all-time low to the extent that media outlets would not even accept paid ads promoting the products for fear of getting pulled into the protest backlash – instead joining the outrage by declaring US beef to be unsafe from BSE (bovine spongiform encephalopathy) or ‘mad cow’.
Wednesday, January 2nd 2013 - 23:39 UTC
Markets rally on fiscal cliff agreement but a second chapter waits in February

Global stock markets have rallied after a short-term deal to stave off the US “fiscal cliff” was reached. In New York, the Dow Jones closed up 2.4%, while European shares were up about 2% for the day.
Friday, December 28th 2012 - 08:08 UTC
Defaulted bonds: Argentina makes its case before the New York Appeals court

Argentina will be making a presentation before the US Court of Appeals for the second circuit, in Manhattan on Friday regarding Federal Judge Thomas Griesa recent ruling that Argentine defaulted bondholders must be paid simultaneously with those who accepted the restructured bonds.
Saturday, December 22nd 2012 - 07:56 UTC
Obama nominates Senator Kerry to succeed Hillary Clinton as Secretary of State

US President Barack Obama has nominated Senator John Kerry to succeed Hillary Clinton as his next secretary of state. Mr Obama said Mr Kerry's “entire life” prepared him for the role, and praised him for the “respect and confidence” he has earned from world leaders.
Wednesday, December 19th 2012 - 19:43 UTC
President Obama re-election feat makes him TIME Person of the Year

US President Barack Obama was named TIME Person of the Year for 2012, citing his historic re-election last month as symbolic of the nation's changing demographics amid the backdrop of high unemployment and other challenges.
Tuesday, December 18th 2012 - 03:44 UTC
Argentina replaces ambassador Argüello by an economist and trade expert

The Argentine Foreign Ministry announced on Monday that President Cristina Fernández has decided to appoint Cecilia Nahón as Argentine ambassador to the United States, replacing Jorge Arguello in Washington DC.
Monday, December 17th 2012 - 20:53 UTC
US consumer prices falls in November because of sharp drop in gasoline prices

US consumers prices fell in November due to a sharp drop in petrol prices, according to official figures, as inflation in the economy remained weak. The consumer price index fell 0.3% from October, the first decline since May, the US Labour Department said.
Saturday, December 15th 2012 - 06:37 UTC
Tearful Obama addresses the nation: calls for “meaningful action against these tragedies”

A tearful President Barak Obama said US leaders must ”take meaningful action'' regardless of politics in response to the mass shooting at a Connecticut elementary school.
Wednesday, December 12th 2012 - 20:35 UTC
“Soft” dollar until US unemployment rate falls below 6.5% says Fed

The US Federal Reserve has said it plans to keep interest rates at close to zero at least until the US unemployment rate falls below 6.5%. The Fed previously had a date-driven target, rather than a data-driven one.
Monday, December 10th 2012 - 19:38 UTC
Standard Chartered will pay 327m dollars for violating US sanctions on Iran

Standard Chartered will pay more than 300 million dollars to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan. The UK-based bank has been fined 100m by the Federal Reserve and the Department of Justice seized assets worth 227m, the regulators said.