United States

United States
Monday, July 13th 2009 - 11:50 UTC

US trade deficit in 2009, 350 billion USD less than in 2008

In spite of the overall downfall the US trade deficit with China increased 4.4%

United States saw its deficit narrow to 26 billion US dollars in May, its lowest level in more than nine years, according to figures from the Commerce Department. Imports continued to fall while exports increased, pushing the deficit to its lowest level since November 1999.

Saturday, July 11th 2009 - 15:17 UTC

New leaner GM is born: four key brands and 61% owned by US government

GM chief executive Fritz Henderson said it was the beginning of a “new era”.

General Motors (GM) says it has emerged from bankruptcy protection after creating a “new GM” made up of the carmaker's best assets. GM chief executive Fritz Henderson said it was the beginning of a “new era”.

Friday, July 10th 2009 - 12:42 UTC

Lula da Silva “football diplomacy” distends the G8 summit

The yellow jersey signed by the Brazilian national team that defeated the US in the Confederations’ Final Cup.

United States President Barack Obama and Brazilian President Lula da Silva took time out from their overloaded Thursday agendas to talk about the United States' defeat to Brazil in last month's Confederations Cup Final played in South Africa.

Friday, July 10th 2009 - 12:10 UTC

Billionaire Buffet suggests US may need second stimulus package

Unemployment in the US could reach 11% in coming months warns Buffet

United States widely respected investor and financial wizard Warren Buffet said on Thursday unemployment in the US could reach 11% and a second stimulus package could be needed to pull the world’s largest economy out of recession.

Thursday, July 9th 2009 - 12:51 UTC

Hillary Clinton speaks out for freedom of expression and of the press

“Governments and political parties need constructive criticism”

US Secretary of State Hillary Clinton is in favour of an adequate protection to the media in Venezuela, as well as in other countries. The US top diplomat considered that the freedom of expression and freedom of the press are fundamental values for democracy.

Thursday, July 9th 2009 - 12:32 UTC

US regulators target speculation in the energy markets

Last year crude oil prices peaked to 147 US dollars

A United States regulator is to hold hearings to decide whether it should clamp down on speculation in the energy market.

Wednesday, July 8th 2009 - 07:23 UTC

Loan delinquencies in the US hit a new record

Unemployment blamed for much of the situation

The level of people falling behind with consumer loans in the US hit a new high in the first three months of 2009, the American Bankers Association said. Rising unemployment was behind the missed payments, it suggested.

Monday, July 6th 2009 - 19:43 UTC

“Colombian Musicians in New York”

The Encounter of Colombian Musicians in New York was founded in 2003 by Colombian pianist, composer, and bandleader Pablo Mayor

A large crowd was drawn to New York's Highline Ballroom for the VI Encuentro of Colombian Musicians. This annual music and dance gathering of Colombian musicians in New York, brought together a marathon of 20 of NYC’s most renowned Colombian bands, celebrating the diverse Colombian genres of cumbia, currulao, vallenato, joropo, bambuco, pasillo, and other diverse rhythms, all originally from Colombia.

Saturday, July 4th 2009 - 13:58 UTC

US regulators close seven banks; 52 so far in 2009

Six of the banks belonged to the same family

United States bank regulators closed seven institutions this week including six banks in Illinois controlled by one family and a small bank in Dallas, bringing the total number of US bank failures to 52 so far this year. (This compares with 25 in 2008 and 3 in 2007).

Friday, July 3rd 2009 - 06:57 UTC

US jobless rate in June 9.5%; 14.7 million unemployed

Since the start of recession in December 2007, 7.2 million jobs have been lost.

The number of jobs lost in the US last month came in at 467,000, which was much more than had been expected. The jobless rate rose to 9.5% in June, from 9.4% in May, as the US economy continued to struggle.

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