United States

Thursday, November 29th 2012 - 00:31 UTC
Argentina saved from a ‘technical default’; court case continues February 27

A US appeals court on Wednesday granted an emergency stay order that gives Argentina more time to argue against making a 1.33 billion dollars payment to investors who rejected two debt restructurings in the nation's 2002 sovereign debt default.
Wednesday, November 28th 2012 - 18:55 UTC
BP suspended from new contracts with US government

British Petroleum has been temporarily suspended from new contracts with the US government, the Environmental Protection Agency (EPA) has said. While it is unclear how long the ban will last, it follows BP's record fine earlier this month over the 2010 oil spill in the Gulf of Mexico.
Thursday, November 22nd 2012 - 21:35 UTC
North Dakota oil and gas production increasing 3% to 5% monthly

Crude production from the Bakken and Three Forks formations in North Dakota could rise by another 50-100% in the next three years, and not start to decline until 2020 or even 2025, according to official projections from the North Dakota Oil and Gas Division.
Thursday, November 22nd 2012 - 14:50 UTC
Argentina’s outbursts backfire: Judge Griesa orders payment to holdout bond investors

Argentina suffered a stinging blow late Wednesday when New York federal judge Thomas Griesa, citing threats by the country's leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.
Monday, November 19th 2012 - 11:37 UTC
Gasoline rationing extended in New York until next Friday

Gasoline rationing in New York City which was scheduled to end on Monday has been extended through Friday, even as the gas station lines that prompted it have all but disappeared.
Saturday, November 17th 2012 - 23:02 UTC
US reshpaing foreign policy based on ‘power of economics’ and jobs diplomacy’

US foreign policy is being reoriented to promote American economic interests after Washington was tied down by two wars in the past decade, Secretary of State Hillary Clinton said on Saturday.
Friday, November 16th 2012 - 00:42 UTC
BP pleads guilty to Gulf of Mexico spill and will pay a record 4.5bn

BP Plc agreed on Thursday to plead guilty to a raft of charges in the deadly Gulf of Mexico spill and pay a record 4.5 billion dollars including the biggest criminal fine in United States history. Three BP employees were also charged, two of them with manslaughter.
Thursday, November 15th 2012 - 11:01 UTC
Obama immigration reform wants to attract and retain highly skilled manpower

US President Barack Obama plans to give new thrust to a comprehensive immigration reform in the country, one that would not only address the issue of illegal immigrants but also how to attract and retain highly skilled manpower from the rest of the world.
Thursday, November 15th 2012 - 06:38 UTC
“A modest tax increase on the wealthy is not going to break their backs” said Obama

President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.
Wednesday, November 14th 2012 - 23:44 UTC
Holdout bonds’ ruling: Argentina files a retrial petition at the US Court of Appeals

Argentina filed on Tuesday a petition for a retrial at the US Second Circuit Court of Appeals over a debt ruling that would force the country to pay holdout creditors owning bonds in default since 2002.