New York Federal Judge Thomas Griesa seized 2.43 billion US dollars that Argentina’s government owned Banco Nación had deposited in the city in response to a claim presented by a group of Argentine bondholders that did not make it into the debt-swap.
Two days of wide-ranging economic and political talks between the United States and China wrapped up in Beijing with no major agreements announced but both sides said they had candid discussions and reaffirmed their commitment to building a strong and enduring relationship.
United States Commerce Secretary Gary Locke on Monday declared a fishery disaster in the Gulf of Mexico because of the economic impact of the Deepwater Horizon oil spill on fisheries in the region.
US Secretary of State Hillary Clinton pressed for greater commercial access for US businesses in China on Sunday, urging Beijing for a “level playing field”. Ms Clinton spoke to US and Chinese business executives in Shanghai, following a tour of the World Expo.
The US Senate passed a bill Thursday providing the most sweeping overhaul of financial regulations since the 1930s. The Senate passed the bill by 59 votes to 39. It must still be merged with a version in the House.
The Federal Reserve has a more optimistic outlook for the US economy, according to meeting minutes released Wednesday, but the central bank is still debating how to shrink its massive balance sheet.
The United States government is currently looking at the possibility of extending the “Visa Waiver” program to include citizens of Chile, Argentina and Brazil, Rodger Dow, President of the U.S. travel association, announced recently.
“We must help the United States because they are on retreat, and they must manage that retreat”, said Uruguayan president Jose Mujica in an interview with a new Argentine newspaper “Tiempo Argentino” launched last Sunday. This is the first interview of the Uruguayan president to an Argentine daily.
Former Federal Reserve chairman and advisor of the Obama administration is concerned that the Euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members.
US Secretary of State Hillary Rodham Clinton and new British Foreign Minister William Hague met on Friday in Washington, vowing to strengthen the U.S.-Britain strategic alliance on addressing common challenges.