Tag: United States

• Wednesday, February 28th 2018 - 09:53 UTC

  Fed chairman Powell anticipates gradual interest rate increases despite larger government spending

  

  Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending.

• Monday, February 26th 2018 - 09:40 UTC

  Warren Buffet receives a profit boost of US$ 29bn from Trump's tax reforms

  

  US billionaire Warren Buffet says his conglomerate has received a profit boost of US$ 29 billion as a result of President Donald Trump's tax reforms, he says. Berkshire Hathaway reported a record quarterly and annual profit on Saturday.

• Friday, February 23rd 2018 - 09:13 UTC

  Argentine farmers agree to pay royalties to seed companies like Monsanto

  

  Argentine farmers have agreed to pay perpetual royalties when they replant genetically modified seeds made by companies like Monsanto Co, a deal that could allow farmers access to the newest biotechnology.

• Friday, February 23rd 2018 - 09:00 UTC

  Takata faulty airbag manufacturer reaches settlement in US

  

  The US arm of Japanese manufacturer Takata has reached a settlement with 44 US state attorneys-general into claims it concealed dangerous defects in its exploding airbags. The faulty airbags have been linked to at least a dozen deaths and more than 100 injuries worldwide. The settlement includes a civil penalty of about US$650m.

• Friday, February 23rd 2018 - 08:45 UTC

  Trump promises background checks on gun owners and floats idea of armed teachers

  

  President Donald Trump floated the idea of arming teachers and promised more stringent background checks on gun owners as he hosted an emotional meeting on Wednesday with students who survived last week’s mass shooting at a Florida school.

• Thursday, February 22nd 2018 - 09:20 UTC

  US share of global sales of soybean and grains to shrink as South American competition grows

  

  The U.S. Department of Agriculture sees U.S. corn and soybean exports generally increasing over the coming decade but the U.S. share of global sales will shrink as competition from South American producers heats up, the government said in its annual report.

• Thursday, February 22nd 2018 - 09:07 UTC

  Fed more positive on economic outlook ...and more rate hikes expected in 2018

  

  United States Federal Reserve officials grew more positive on the economic outlook, citing “substantial underlying economic momentum,” and were increasingly optimistic about achieving their inflation target, according to minutes of last month’s policy meeting.

• Saturday, February 17th 2018 - 09:59 UTC

  Argentina moves closer to the US in security and crime-fighting policies

  

  Argentina is taking new steps to solidify its security relationship with the United States, a move that may be aimed at generating support — both political and material — for a shift toward more hard-line domestic crime-fighting policies. In a trip to the United States last week, Argentine Security Minister Patricia Bullrich met with several top US officials to discuss security issues.

• Friday, February 16th 2018 - 10:26 UTC

  US rejects merger between Chicago Stock Exchange and Chinese investor group

  

  The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials. The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC).

• Thursday, February 15th 2018 - 09:25 UTC

  US January inflation, highest jump in a year; anxiety over higher borrowing rates

  

  Inflation pressures appear to be building in the U.S. economy, a prospect that is heightening anxiety about potentially higher borrowing rates that could slow economic growth. The latest source of concern was a report on Wednesday that showed a key measure of inflation rising in January by the sharpest rate in a year. The increase was led by higher prices for clothing, housing and auto insurance.