United States

United States
Wednesday, August 5th 2009 - 07:09 UTC

US forces in Colombian bases controversy overshadows regional military summit

General Fraser anticipated “a good explanation and a satisfactory outcome”.

United States General Douglas Fraser, in charge of US Southern Command operations covering South America said that there are good reasons for the deployment of US military units in Colombia bases, but also stressed that no final deal had yet been struck.

Tuesday, August 4th 2009 - 10:34 UTC

US July Ford, Subaru and Hyundai sales up; GM Chrysler down

The US scrappage program “cash for clunkers” has had a positive effect

United States vehicle sales were mixed in July, with Ford seeing sales rise compared to a year earlier while both Chrysler and GM posted a fall. Asian car manufacturers also saw varied US sales, with Subaru and Hyundai sales up while Honda and Toyota both posted falls year-on-year.

Sunday, August 2nd 2009 - 11:46 UTC

Number of failed banks in the US reached 69 so far this year

The five failed banks will cost FDIC 911 million US dollars.

United States banks in New Jersey, Ohio, Florida, Oklahoma and Illinois were shut, pushing the toll of failed US lenders to 69 this year. The Federal Deposit Insurance Corporation was named the receiver of the five banks, the regulator said in e-mailed statements.

Sunday, August 2nd 2009 - 11:42 UTC

Cuba faces harder times; Castro willing to talk with US about everything

Raul Castro again announced austerity faced with the island’s worst financial crisis since the 1990s.

Cuban President Raul Castro said he remains ready to talk about everything and anything with the United States but that Cuba’s political system was not on the negotiating table.

Sunday, August 2nd 2009 - 11:34 UTC

South America’s nutria, one of the worst invasive species in US wetlands

The nutria is much appreciated in South America for its fur and meagre meat.

Billions of dollars are spent every year in the United States in an attempt to control invasive species. Plants and animals brought legally and illegally into the US have created extensive damage to the ecosystem and the economy.

Wednesday, July 29th 2009 - 12:24 UTC

US/China agree to fight protectionism, but doubts linger on US dollar

China has more than 800 billion US dollars in Treasury securities.

United States and China are committed to fighting protectionism, said US Treasury Secretary Timothy Geithner following two days of high-level talks. The two countries share an interest in ensuring that trade remained “open and rules-based”.

Tuesday, July 28th 2009 - 14:39 UTC

US/China ever more competitors but also inter-dependent

Obama said that bilateral relations with Beijing will shape the 21st century

The relationship between United States and China will shape the 21st Century, said President Barack Obama as top officials met Monday in Washington for talks. “Co-operation, not confrontation” was the way forward, he said, with climate change, security and the economy all areas where common ground existed.

Saturday, July 25th 2009 - 07:23 UTC

Ford reports quarterly profit in “extremely challenging world”

CEO Allan Mulally said progress has been made in transforming the corporation

Ford, the only one of the “Big Three” United States carmakers not to have gone bankrupt, has reported a quarterly profit of 2.3billion US dollars. However, the profit was largely due to one-off gains related to debt restructuring, with demand for new cars remaining weak.

Thursday, July 23rd 2009 - 14:30 UTC

World’s largest meat processor applies for listing in New York market

JBS plans an initial public offering of 2 billion US dollars

The United States unit of the world's largest meat processor, Brazilian JBS SA, filed for an initial public offering of up to 2 billion US dollars on Wednesday, making it the largest planned offering in the US IPO pipeline.

Wednesday, July 22nd 2009 - 09:17 UTC

The Fed’s Exit Strategy

By Ben Bernanke

In anticipation of his Semiannual Monetary Policy Report to the United States Congress on July 21st, Federal Reserve Chairman Ben S. Bernanke wrote a column which basically is a synthesis of his presentation before the Committee on Financial Services from the US House of Representatives.

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