United States
United StatesUS tenth largest residential mortgage bank collapses
Shockwaves of still unknown impact crashed through financial markets Tuesday when the United States Melville-based American Home Mortgage Investment Corp. announced it was suffering credit problems and would consider “going into liquidation” among other options.
US Congress warns Beijing about “unfair” Yuan manipulation
A key United States Senate committee supported new measures to protect US business and workers from what it says are unfair currency manipulation by China. The move is seen as a warning to China which US politicians say has depressed the value of the Yuan to boost trade.
For the third time US rejects dialogue with the Cuban regime
The United States on Thursday quickly rejected the idea of dialogue with Cuba's communist government, floated by its interim leader Raul Castro during the celebration of the Cuban Revolution Day, July 26.
US economy surprises with strong 3.4% growth in Q2
The United States economy grew faster than expected over the past three months, 3.4% on an annual basis, the best quarterly performance since early 2006. In the previous quarter the economy expanded 0.6%.
Bush leads race for most unpopular US president in modern history
With 18 months left in office, President George W Bush is in the running for most unpopular president in the history of modern polling. The latest Washington Post-ABC shows that 65% of United States citizens disapprove of Bush's job performance, matching his all-time low.
Bernanke: US housing slump “a drag on growth” well into 2008
Federal Reserve chairman Ben Bernanke revived fears Wednesday that the housing slump could derail a pick-up in the US economy. In his semiannual testimony before the US Congress, Bernanke predicted “moderate” economic growth through the second half with “a bit” of strengthening in 2008.
US endorses Chile's bid to become OECD member
United States Treasury Secretary Henry Paulson endorsed Chile's bid to become the second Latin American nation, after Mexico, to enter the Organization for Economic Cooperation and Development.
US asks WTO for panel to decide on alleged Chinese subsidies
United States formally requested Thursday the World Trade Organization to establish a dispute settlement panel to judge whether Chinese subsidies to industry violate WTO rules as US experts claim.
US/South Korea ambitious trade deal faces Congress hurdle
United States and South Korea signed a controversial free trade agreement, which still has to be ratified by Congress where some Democrats have expressed concern for job losses in the US car industry.
US Treasury Secretary visit to Brazil, Uruguay and Chile
United States Treasury Secretary Henry Paulson will make a week-long trip to South America beginning July 9, his first to the region since taking the position. He is scheduled to visit Brazil, Chile and Uruguay, meeting with the presidents of all three countries as well as Finance ministers and local business leaders.
