United States

United States
Monday, March 22nd 2010 - 21:01 UTC

Pepsi promises to help with campaign to fight childhood obesity

US First Lady Michelle Obama is campaigning for healthier food

The world's second-largest food and beverage company says it will reduce the saturated fat, sodium, and sugar in its products to make them more nutritious.

Monday, March 22nd 2010 - 11:18 UTC

US Congress passes Barack Obama's historic health care reform bill

Barack Obama has convinced Democrats in the US Congress to pass his historic health care reform bill, handing the president a victory that will give nearly every American the right to health coverage and could define his time in office.

Saturday, March 20th 2010 - 01:56 UTC

US February consumer prices flat; producer prices fall 0.6%

Strong drop in energy and fuel prices was decisive

United States Labour Department reported that the consumer price index was flat in February, though prices were 2.1% higher than a year ago. Core inflation - which strips away food and energy costs - saw a 0.1% rise.

Tuesday, March 16th 2010 - 21:41 UTC

Fed leaves rates unchanged in context of moderate growth and unemployment

Kansas City Fed President Thomas Hoenig believes exceptionally low rates create risk of new financial bubbles

The United States Federal Reserve left its key interest rate near 0% once again Tuesday and said rates should stay this low for the foreseeable future. In its release the Federal Open Market Committee, FOMC, policymakers repeated their prediction that economic conditions are likely to result in “exceptionally low levels of the federal funds rate for an extended period”.

Saturday, March 13th 2010 - 02:32 UTC

Lehman Brothers had been using “accounting gimmicks” for years

Court-appointed examiner Anton Valukas report is lapidary

Former bosses at Lehman Brothers have been accused of using an “accounting gimmick” to hide billions in losses which helped bring about its collapse. The technique, called “Repo 105”, was used to temporarily remove 50 billion US dollars of assets from the US investment bank's balance sheet in 2008, according to a one-year investigation.

Saturday, March 13th 2010 - 02:23 UTC

China calls on US not to make the Yuan de facto dollar peg “a political issue”

President Obama must decide by next month if China is labelled a “currency manipulator”

The United States should not make a political issue out of the Yuan, a Chinese central banker said as the long running friction between the world’s two leading economies approaches a critical deadline.

Thursday, March 11th 2010 - 23:59 UTC

US February budget deficit was the largest in history: 221 billion USD

Treasury Secretary Timothy Geithner called the deficit “unsustainable”.

The US government recorded a budget deficit of 221 billion US dollars in February - the largest monthly deficit in its history. The total deficit since the beginning of the fiscal year in October now stands at 651.6 billon according to US Treasury figures.

Wednesday, March 10th 2010 - 06:38 UTC

US and Brazil not interested in trade war and “ready to negotiate”

US Secretary of Commerce Gary Locke

Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.

Tuesday, March 9th 2010 - 18:43 UTC

US advertising on digital media higher than on print in 2010

Outsell vice president Chuck Richard lead author of the study

United States advertisers are spending more this year on digital media than on print according to the latest study by Outsell. Long predicted, the Madison Avenue milestone has finally arrived thanks to a 9.6% boom in digital advertising in 2010.

Tuesday, March 9th 2010 - 07:32 UTC

Brazil/US WTO cotton retaliatory dispute takes off

The heaviest penalized imports were US wheat sales with tariff increases to 30% from 10%

Brazil announced Monday it would levy a total of 591 million US dollars in retaliatory tariffs on US goods under a ruling against US cotton subsidies granted by a World Trade Organization last year. However Brazil also sent a conciliatory message.


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