United States

United States
Thursday, November 5th 2009 - 13:07 UTC

New row over Colombia-US accord

President Uribe's deal with the US has caused concern in the region

Colombian opposition groups have reacted angrily after details of a controversial military deal with the US were made public.

Thursday, November 5th 2009 - 08:27 UTC

Fed leaves rates unchanged and admits businesses are still “cutting back”

Fed Reserve chairman Ben Bernanke

The Federal Reserve Open Market Committee kept US interest rates on hold at between 0% and 0.25%, as had been widely expected. Despite the US economy growing 3.5% in July to September - its first expansion since June 2008 - rates were left unchanged on Wednesday to further aid the recovery.

Tuesday, November 3rd 2009 - 08:21 UTC

Ford back on track makes one billion USD profit in third quarter

Booming sales in China and increased share of US market, plus draconian cost slashing helped the turn around

Ford, one of the big three of the US auto industry has announced profits of almost one billion US dollars between July and September thanks to increased market share and a successful cost-cutting program.

Tuesday, November 3rd 2009 - 08:00 UTC

Twin Towers steel debris sail up the Hudson as “USS New York”

The assault vessel paid tribute with a 21-gun salute to those killed on September 11/2001

A United States Navy assault vessel built partly with 7.5 tons of steel debris from the World Trade Centre sailed up New York's Hudson River on Monday in its first tribute to the more than 2,700 people killed in the September 2001 terrorist attacks.

Tuesday, November 3rd 2009 - 07:39 UTC

US puts pressure on Brazil to purchase Boeing’s F 18 Super Hornets

President Barak Obama has a “special interest” in the six billion USD contract

United States president Barak Obama has a special interest in the sale of 36 fighter aircraft Brazil has announced it plans to purchase and would consider a “disappointment” if the contract goes to any of its competitors (France or Sweden), said Ellen Tauscher Under Secretary for Arms Control and International Security.

Saturday, October 31st 2009 - 06:06 UTC

Colombia and US sign bases’ agreement in closed doors ceremony

The pact maintains immunity from prosecution

Colombia and the United States signed Friday in Bogotá the controversial agreement that allows US military personnel to be stationed at seven (land, air, sea) military bases in Washington’s closest ally in the region.

Friday, October 30th 2009 - 00:43 UTC

Technically recession is over in the US, but even Obama was cautious

The data is impressive but much of it is based on “fiscal steroids”

The United States economy grew at an annual pace of 3.5% between July and September, its first expansion in more than a year. The growth was helped by a substantial government spending plan, including a scrappage scheme to boost car sales.

Thursday, October 29th 2009 - 02:42 UTC

Overwhelming UN vote calling an end to US embargo on Cuba

US ambassador Susan Rice said the resolution does not reflect “current realities” in Cuba

The United Nations General Assembly on Wednesday voted overwhelmingly to call for an end to the US embargo on Cuba. The vote was cast at the 192-member General Assembly with 187 in favour, three against and two abstentions. This is the 18th year that the General Assembly voted to urge an end to the U.S. embargo.

Wednesday, October 28th 2009 - 14:19 UTC

US pushing for a stronger Yuan, but China remain reluctant

China has in effect re-pegged the Yuan to the dollar since mid-2008 to help its exporters.

The United States welcomes the rise in the Yuan's exchange rate in recent years but wants the currency to climb further, visiting Commerce Secretary Gary Locke said. However, a Chinese trade official said that despite pressure for the Yuan to appreciate, the currency would probably not see a major adjustment until the country's exports improve noticeably.

Wednesday, October 28th 2009 - 07:21 UTC

World’s largest cruise vessel, 225.282 tons delivered to Royal Caribbean

“Oasis of the Seas” will sail on her four-night maiden voyage on December first

The final pieces are falling into place for “Oasis of the Seas” with the ship's future owners Royal Caribbean and homeport Fort Lauderdale in Florida State poised to introduce the world to the largest cruise ship ever built.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!