Orange-juice futures rebounded from the biggest two-day slump since 2008 on renewed concern that a US government probe of imports from Brazil will tighten supplies. The Food and Drug Administration said it will detain all imports that contain carbendazim, a fungicide that isn’t approved for oranges in the US.
US Airways Group, Delta Airlines and private equity firm TPG Capital are among several parties interested in potential bids for AMR Corp, the bankrupt parent of American Airlines according to US financial media reports.
US President Barack Obama formally notified Congress that he plans a 1.2 trillion dollars increase in the US debt limit, setting the stage for Republicans to level election-year charges that deficits are out of control.
Mitt Romney cemented his status as the Republican presidential front-runner on Tuesday with a win in the New Hampshire primary that left rivals fighting for a chance to derail his march to the nomination as the race moves south.
The US Federal Reserve said on Wednesday that all but one of its 12 banking districts experienced modest expansion from late November through the end of the year. The survey known as the Beige Book showed that the final weeks of 2011 were among the strongest.
Nicaragua President Daniel Ortega takes office for a third time on Tuesday with an ample majority in Congress and in the presence of close allies such as Iran’s Mahmud Ahmadinejad and Venezuela’s Hugo Chavez.
Iranian President Mahmoud Ahmadinejad and Venezuela's Hugo Chávez lavished each other with praise on Monday, mocked US disapproval and joked about having an atomic bomb at their disposal.
Venezuelan President Hugo Chavez resumed on Sunday his weekly television and radio broadcast after a seven-month pause. Chavez's program, Alo Presidente, had been halted while he was receiving treatment for cancer.
Venezuelan President Hugo Chavez will welcome his Iranian counterpart Mahmoud Ahmadinejad on Monday on his first stop of a five-nation tour of Latin America, state media reported.
Venezuelan President Hugo Chávez named as Defence minister General Henry Rangel Silva, who the United States has described as a “drug kingpin” linked to cocaine smuggling from neighbouring Colombia.