United StatesUnited States
Oil prices have fallen after weather forecasters said Hurricane Gustav had weakened as it hit the US Gulf of Mexico coast south-west of New Orleans.
Hurricane Gustav began to lash the southern Louisiana coastline early Monday as it moved closer to an expected midday landfall, according to the National Hurricane Center in Miami.
The mayor of New Orleans has issued a mandatory evacuation order for the entire city, as Hurricane Gustav bears down on the US Gulf Coast.
Barack Obama made history as he became the first African-American to win the presidential nomination of a major US political party.
The US economy grew at a revised 3.3% annually in the second quarter of 2008, said on Thursday the Commerce Department, much higher than the original estimate of 1.9%.
Hillary Clinton delivered an unequivocal endorsement of Barack Obama in her prime time speech at the Democratic convention in Denver tonight and called on her supporters to rally behind him.
White House Democrat presidential candidate Barack Obama is proposing a drastic change in US policy towards Latinamerica turning it into an active policy which includes Venezuela and Cuba, said the US Senator main advisor for the region.
US Federal Reserve chairman Ben Bernanke said the inflation outlook for the country is highly uncertain. Rising prices, coupled with the effects of the credit crunch, had given the US economy a battering.
United States farm and food exports to Cuba reached 600 million US dollars in 2007, despite the decades old US trade embargo, according to the latest release from the Cuban Statistics Office.
The global financial crisis is set to get worse, with a large US bank likely to collapse in the next few months, a former IMF chief economist warned on Tuesday. Kenneth Rogoff's comments came as shares in Fannie Mae and Freddie Mac sank on a report that the home lenders would, in effect, be nationalized.