United States

United States
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.

Saturday, October 30th 2010 - 05:13 UTC

US economy growing again but not enough to quell frustration about jobs

President Obama could loose control of the House of Representatives next week

The United States economy is growing but not enough to help with jobs. The US Commerce Department says GDP grew 2%, at an annual rate, between July and September - a slight increase from the previous quarter.

Friday, October 29th 2010 - 04:00 UTC

Bed bugs that have infested New York City take over the UN building

No flags, but Cimex Lectularius representatives are all over UN headquarters

The dreaded bed bugs (mites) that have infested New York City have spread to the United Nations landmark headquarters building, reports Foreign Policy.

Tuesday, October 26th 2010 - 04:32 UTC

US Treasury bonds fetch negative yield ahead of Fed’s actions to prop inflation

Fed Chairman Ben Bernanke wants inflation to rise to a 2% floor

US Treasury Department sold securities that fetched a negative yield for the first time, implying investors are willing to pay the government to own its debt. This is a milestone in the current rock-bottom interest rate environment, as the Federal Reserve is widely expected next week to announce it will buy more Treasuries to jump-start a sluggish economy.

Monday, October 25th 2010 - 02:55 UTC

US says China is “committed” to allow the Yuan to appreciate

Timothy Geithner met with China's Vice-Premier, Wang Qishan

United States Treasury Secretary Timothy Geithner has said he believes China is now “committed” to allowing the Yuan to go up in value. Mr Geithner made the comment in a TV interview before he held talks with China's Vice-Premier, Wang Qishan.

Monday, October 25th 2010 - 02:45 UTC

California voters support undocumented immigrants as “advantageous”

The controversial “wall” along the border with Mexico

California voters have an overall positive opinion about immigrants and support those undocumented aliens who have been working in the state for years should be able to remain and go on with their lives.

Friday, October 22nd 2010 - 03:07 UTC

Geithner promises Brazil it won’t allow the US dollar to weaken

Treasury Secretary says the US wants a strong dollar, downplays impact of Federal Reserve easy-money policy

US Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega that the Obama administration won’t allow the US dollar to weaken, Mantega said.

Thursday, October 21st 2010 - 08:37 UTC

Prime farmland in Argentina costs almost as much as in United States

Humid Pampa farmland can fetch 14.000 US dollars a hectare

Prices for the best farmland in Argentina’s breadbasket, the humid Pampa have risen on average 10% this year according to registered operations reports. This means the hectare of prime agriculture land in Argentina now costs almost the same as the average price of farmland in the state of Illinois, 14.000 US dollars.

Wednesday, October 20th 2010 - 03:06 UTC

US Treasury launches fourth sale of Citigroup common stock

Buying Citigroup shares was an excellent deal for the US government

The US Treasury Department said it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged trading plan.

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