United States

United States
Thursday, November 11th 2010 - 06:15 UTC

Obama arrives in Seoul but a G-20 summit consensus still out of reach

President Barack Obama tried to swing the G20 spotlight back onto global imbalances and take his own country's policies out of the glare as world leaders gathered in Seoul.

Wednesday, November 10th 2010 - 01:15 UTC

China and US exchange accusations ahead of the G20 summit in Korea

President Barack Obama: “we want China to succeed and prosper”

China kept up criticism of US easy-money policies, warning two days before a G20 world economic summit that Washington could destabilize the global economy and inflate asset bubbles.

Wednesday, November 10th 2010 - 00:52 UTC

Soybeans futures at their highest in two years on USDA report on US crop

Fears of La Niña in the southern hemisphere also helped

Soybeans futures settled at their highest in more than two years on Tuesday after the Agriculture Department, USDA, slashed its forecast for the United States soybean production to 3.375 billion bushels from 3.408 billion bushels the previous month.

Saturday, November 6th 2010 - 07:43 UTC

After 15 years U.S. supporter of Peruvian terrorist group free on parole

Lori Berenson was sentenced for helping plan attack on Peru’s congress

US citizen Lori Berenson who is serving a 20- year prison sentence in Peru for aiding Marxist rebels, was granted parole for a second time. Berenson is entitled to parole as she has served more than three quarters of her 20-year sentence for helping plan an attack on Peru’s Congress, Judge Jessica Leon ruled.

Saturday, November 6th 2010 - 07:34 UTC

Bernanke explains what the Fed did and why: deflation and stagnation fears

Hard times for the Fed chairman

Following the latest decision from the Fed to pump more money into the US economy which triggered a barrage of criticisms from overseas, chairman Ben Bernanke in a column published in The Washington Post explains what it did an why.

Thursday, November 4th 2010 - 05:25 UTC

Obama admits voters’ frustration sends conciliatory message to Republicans

The US president felt the full impact of the loss of Congress

President Barack Obama said he believes US voters are feeling frustrated with the pace of economic recovery, after mid-term poll losses. The Republicans captured 60 seats to take control of the House of Representatives. The Democrats clung on to the Senate despite losing seats.

Wednesday, November 3rd 2010 - 23:29 UTC

Fed decides to pump an additional 900 billion USD to the US economy

The US central bank building in Washington: In God we trust

The Federal Reserve announced Wednesday it will pump 600 billion US dollars into the US economy by the end of June next year to try and boost the fragile recovery. The stimulus equates 75 billion USD a month, slightly more than economists had expected.

Wednesday, November 3rd 2010 - 04:54 UTC

Republican landslide in the House; Democrats barely manage to retain Senate

Minority Leader John Boehner of Ohio, next House Speaker in January

Voter dissatisfaction with the United States economy has given Republicans an anticipated but equally stunning advance in Congress winning a majority control of the U.S. House of Representatives, while Democrats retained their majority in the Senate.

Wednesday, November 3rd 2010 - 00:27 UTC

China offers to finance US infrastructure and help create jobs

China’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.

Monday, November 1st 2010 - 00:43 UTC

Republicans promise a “political earthquake” in Tuesday’s mid term election

Challenging times ahead for President Obama

Candidates across the United States launched a frantic final push for support, and President Barack Obama ended a two-day campaign swing designed to pump up Democratic turnout less than 48 hours before Americans begin to cast their ballots.

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