United States

United States
Saturday, October 17th 2009 - 05:29 UTC

Geithner committed to keep the US dollar as a reserve currency

US needs to control inflation and finances in order said the Treasury Secretary

United States Treasury Secretary Timothy Geithner said the dollar's role as a reserve currency carries special responsibilities, including the need to control inflation and get the nation's finances in order. In an interview on CNBC television, Geithner was asked about the dollar's recent decline and what the Treasury was doing to guard its value.

Saturday, October 17th 2009 - 05:24 UTC

Honduras crisis stalls President Obama expected visit to Brazil and Chile

Much depends on ultra conservative Republican Senator De Mint

US president Barack Obama could visit Brazil this year once the US Senate approves the nomination of Thomas Shannon as ambassador before the Brazilian government, announced the head of the Brazilian diplomatic legation in Washington Antonio Patriota.

Monday, October 12th 2009 - 10:47 UTC

General Motors record sales in China’s booming car market

The iconic Hummer was also sold to a Chinese company

General Motors and affiliate companies in China sold almost 1.3 million cars in the first nine months of 2009, with September a record month, according to a release from the main offices in Detroit.

Monday, October 12th 2009 - 08:37 UTC

Markets’ expecting more signals in support of the dollar from US officials

Ben Bernanke said the Fed has the tools to pull back flood of cash

Following a week when the US dollar plunged to record lows forcing some Asian banks to support the greenback, money markets are looking for new signals that the US government is committed to a strong US dollar as was implicitly anticipated by the Federal Reserve.

Friday, October 9th 2009 - 17:13 UTC

United States with the status of the “world’s most admired country”

Brand America is now ranked #1 by global citizens, according to the GfK Roper Public Affairs & Media, a division of GfK Custom Research North America. Results from the 2009 Anholt-GfK Roper Nation Brands Index (NBI), which measures the global image of 50 countries, show the United States taking the top spot as the country with the best overall brand, up from seventh last year.

Friday, October 9th 2009 - 11:09 UTC

Who is to replace US consumer as the global growth engine?

Robert Zoellick, World Bank president looking out to China and Brazil

Since the United States consumer is no longer the main global growth engine, experts are expecting China to take over the role, although they are also looking for other locomotives in other regions of the world to help with economic recovery.

Friday, October 9th 2009 - 05:33 UTC

Career diplomat nominated as US ambassador in Montevideo

David D. Nelson is currently Acting Assistant Secretary

President Barack Obama has announced his intent to nominate David D. Nelson to the post of United States Ambassador to Uruguay. His nomination has to be approved by Congress.

Thursday, October 8th 2009 - 11:14 UTC

All time US budget deficit record in 2009, equivalent to 9.9% of GDP

CBO says spending in fiscal 2009 was equivalent to 25% of GDP

The US budget deficit more than tripled to a record 1.4 trillion US dollars in the fiscal year to 30 September, according to US Congress estimates. Congressional analysts had previously predicted a deficit of 1.6 trillion but revised their latest estimate, which comes after the end of the fiscal year.

Wednesday, October 7th 2009 - 09:27 UTC

US wishes to improve trade relations and cooperation with Uruguay

Walter Bastian has met with Uruguay’s two leading presidential candidates

United States wishes to improve and expand trade relations with Uruguay as well as scientific cooperation, was the message from the United States Barack Obama administration to the country’s ruling coalition presidential ticket for this month’s general election.

Monday, October 5th 2009 - 13:20 UTC

US economic power declining because of financial crisis, says World Bank

World Bank president Robert Zoellick said a multi-polar economy will be more stable for the world

United States economic power is declining as a result of the financial crisis, the head of the World Bank has said. “One of the legacies of this crisis may be recognition of changed economic power relations,” said World Bank president Robert Zoellick.

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