The US economy grew at a revised 3.3% annually in the second quarter of 2008, said on Thursday the Commerce Department, much higher than the original estimate of 1.9%.
Hillary Clinton delivered an unequivocal endorsement of Barack Obama in her prime time speech at the Democratic convention in Denver tonight and called on her supporters to rally behind him.
White House Democrat presidential candidate Barack Obama is proposing a drastic change in US policy towards Latinamerica turning it into an active policy which includes Venezuela and Cuba, said the US Senator main advisor for the region.
US Federal Reserve chairman Ben Bernanke said the inflation outlook for the country is highly uncertain. Rising prices, coupled with the effects of the credit crunch, had given the US economy a battering.
United States farm and food exports to Cuba reached 600 million US dollars in 2007, despite the decades old US trade embargo, according to the latest release from the Cuban Statistics Office.
The global financial crisis is set to get worse, with a large US bank likely to collapse in the next few months, a former IMF chief economist warned on Tuesday. Kenneth Rogoff's comments came as shares in Fannie Mae and Freddie Mac sank on a report that the home lenders would, in effect, be nationalized.
United States wholesale prices rose more than twice as fast as expected in July and topped the 1% level for the third month in a row, 1.2%, to become the highest in 27 years, according to statistics released Tuesday by the US Department of Labor.
The trade deficit of the 15-nation Euro zone shrank sharply in June to 101 million Euros, but failed to meet forecasts, according to data released Monday by Eurostat.
Chile, Brazil and Mexico are among the countries which could be visited by United States presidential candidate Barack Obama before the November election, following on recommendations for a Latinamerican tour from his political advisors.
New York State's attorney general has threatened to sue Merrill Lynch for misrepresenting certain debt investments as safer than they were. Andrew Cuomo said that legal action against the US bank was imminent after it failed to settle charges of mis-selling with regulators.