United States Federal Reserve Bank of Chicago President Charles Evans reiterated on Tuesday that now is not the right time for the US central bank to raise benchmark interest rates. He also said the US unemployment rate will decline slowly after the “disappointing” May jobs report.
The US government does not consider that there’s an arms race in the Americas and estimates the majority of countries invest more on social areas than in military hardware said Assistant US Secretary of State for Hemispheric affairs, Arturo Valenzuela.
Billionaire investor Warren Buffett has defended credit rating agencies for failing to spot the US mortgage bubble that sparked the financial crisis. Giving testimony in New York, Mr Buffett said the agencies made the wrong call, but added that so did everyone else, including himself.
The need for a mutual-trust environment, which helps avoid situations of possible conflicts inside the region, is one of the main points the Union of South American Nations, Unasur, will be discussing with US Secretary of State Hillary Clinton, according to Ecuadorian diplomatic sources.
Bolivian president Evo Morales said he was hopeful an agreement could be reached for the full reestablishment of diplomatic, trade and investment relations with Washington.
United States President Barack Obama held talks with his Peruvian counterpart Alan Garcia in the White House and praised the South American country’s economic performance and consolidated democracy.
Brazil will send a team of experts to the United States next week to seek clarification on methods used to test processed meat imports for residues, which have suspended export to the US, the Agriculture ministry said on Monday.
The Gulf of Mexico oil spill is the worst environmental disaster the US has faced, a senior official has said. White House energy adviser Carol Browner also said the US was prepared for the worst scenario that the leak might not be stopped before August.
United States president Barak Obama turned down an invitation from Brazilian president Lula da Silva to visit the country ahead of October 3 when presidential elections are scheduled, reported a newspaper from Sao Paulo.
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.