Testifying Wednesday before the US House Committee on Financial Services, Federal Reserve Chairman Ben Bernanke said that 'critical fiscal and financial challenges remain for the Euro zone.'
The US economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.
US and Mexico have agreed to work together to develop deep-water oil and gas fields that straddle their maritime border in the Gulf of Mexico. The deal was signed at a meeting of the G20 group of industrial and developing countries in Los Cabos, Mexico.
The family of a Russian billionaire has bought a New York City penthouse apartment for 88 million dollars. The Wall Street Journal says the property at 15 Central Park West in Manhattan is now the most expensive apartment in New York.
A US member of the House of Representatives is scheduled to visit the Falkland Islands next week beginning Monday. Republican Congressman F. Jim Sensenbrenner has represented, uninterruptedly, the 5th district of the state of Wisconsin since first elected in 1978 which includes most of the state capital Madison.
By Dr Tim Stanley - During his recent tour of Argentina and Uruguay as UN ambassador at large for Haiti made some unfortunate statements regarding the Falklands/Malvinas diplomatic dispute arguing that It would be nothing short of bullying, to not sit down and diplomatically negotiate a fair sharing of any resources discovered between Argentina and the United Kingdom.
It took a couple of days but finally on Wednesday US State Department spokesperson Victoria Nuland said the US “has no concerns” about the alleged ‘militarization’ of the South Atlantic which was denounced by Argentina last week before the United Nations at three different levels.
President Barack Obama called on Monday for aggressive spending to boost growth and for higher taxes on the rich, laying out an election-year vision for the US in a budget that was criticized sharply by Republicans for failing to curb the deficit.
The Cuban government has expressed its interest in attending the coming Summit of the Americas scheduled for next April in Cartagena, revealed Colombian Foreign Affairs minister Maria Angela Holguin following a visit to Havana.
Stability, governance and democratic safeguard were among the issues addressed by US Assistant Secretary of State Roberta Jacobson and Argentina’s Foreign Affairs minister Hector Timerman during her first day of activity in Buenos Aires.