Tag: United States

Thursday, September 29th 2011 - 16:31 UTC
US jobs and GDP stats still poor, but not as bad as previously estimated

US new unemployment benefit claims fell to a five-month low last week, while the economy grew slightly more than previously reported in the second quarter, according to data from the Labour Department.
Thursday, September 29th 2011 - 16:17 UTC
US decision to vote against loans for Argentina “will not affect funding for 2012”

Washington's decision to vote against loans for Argentina from multilateral development banks “will not affect the country's funding for 2012”, an Argentine government source said on Wednesday.
Saturday, September 24th 2011 - 22:13 UTC
Geithner calls on the Euro zone for a ‘firewall’ against the crisis spreading

US Treasury Secretary Timothy Geithner has called on European leaders to take urgent new steps to create a 'firewall' against the crisis spreading. He added that decisions on how to tackle Euro zone debt could not wait “until the crisis gets more severe”.
Saturday, September 24th 2011 - 22:11 UTC
US regulators close more banks with failures so far this year totalling 73

United States regulators on Friday closed banks in Virginia and California, lifting to 73 the number of US bank failures this year. The number of closures has dropped significantly this year as banks have worked their way through the bad debt accumulated in the recession. By this time last year, regulators had shuttered 127 banks.
Friday, September 23rd 2011 - 07:27 UTC
US and EU markets negative sentiment extends to Asian stocks with record losses

Asian stocks have fallen on Friday, with some indexes driving towards their worst weekly losses since 2008. The Group of 20 nations said they were ready to preserve stability in the financial markets.
Friday, September 23rd 2011 - 07:24 UTC
Euro debt crisis and US political division ‘biggest threats’ to global economy

US Treasury Secretary Timothy Geithner said that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.
Wednesday, September 21st 2011 - 05:25 UTC
Obama and Rousseff address world crises and pledge new talks before G20 meeting

The world crisis was the main issue addressed by Brazilian president Dilma Rousseff during the bilateral meetings with US President Barack Obama and later with her peer Mexico’s Felipe Calderon in New York.
Tuesday, September 20th 2011 - 09:12 UTC
Obama outlines tax the rich and reduce deficit plan; Republicans call it ‘class warfare’

President Barack Obama has outlined plans to reduce the US deficit and to kick-start economic growth. At the White House, he proposed cuts to healthcare benefits but said business and the wealthy must pay higher taxes.
Monday, September 19th 2011 - 06:34 UTC
Obama to propose a “Buffett Tax” on people making over a million dollars

US President Barack Obama, will propose a 'Buffett Tax' on people making more than US$1 million a year as part of his deficit recommendations to Congress on Monday.
Friday, September 16th 2011 - 16:04 UTC
Dramatic increase of intermarriage between whites and blacks, shows US census

Marriages between whites and blacks in the United States have become less infrequent, going from being relatively rare 30 years ago to comprising a notable percentage of such unions, a study published Thursday found.