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Montevideo, April 23rd 2024 - 02:09 UTC

Tag: US Commerce Department

  • Tuesday, May 21st 2019 - 09:12 UTC

    US eases some restrictions imposed on Huawei for 90 days

US Commerce Department will allow Huawei Technologies to purchase US made goods in order to maintain existing networks and provide software updates

    The US government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.

  • Friday, February 23rd 2018 - 09:05 UTC

    US adds more import duties on biodiesel from Argentina

    The latest duties make it virtually certain that biodiesel from Argentina will not be sold in the U.S. market, with combined rates of up to 159% on the fuel

    The U.S. Commerce Department piled on more import duties on biodiesel from Argentina and Indonesia, adding anti-dumping duties of 60.44% to 276.65% to already steep anti-subsidy duties on the fuels.

  • Saturday, January 28th 2017 - 11:53 UTC

    US economy expands at an annual 1.6%; “Trumpconomics” promises 4% growth

     President Trump has promised to lift GDP growth to 4%, through tax cuts and infrastructure spending. The last time that happened was in 2000

    The US economy grew at an annual pace of 1.9% in the fourth quarter of last year, according to official figures. That was slower than the 2.2% growth rate economists had been expecting and below third quarter growth of 3.5%, which means annual GDP rose by 1.6%, the slowest since 2011 and down on 2015 when the world's largest economy expanded by 2.6%.

  • Sunday, April 3rd 2016 - 07:43 UTC

    US economy gains confidence: 215.000 more jobs in March and 1.4% growth in fourth quarter

    The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created. The unemployment rate has risen to 5% from 4.9%, which was an eight-year low, but the Labor Department said more Americans were finding jobs, which suggested a sign of confidence in the US economy. In effect this follows the report on the US economy which grew at an annualized rate of 1.4% in the fourth quarter of 2015s.

  • Friday, July 31st 2015 - 05:59 UTC

    US economy expands at an annual 2.3% in 2Q; strong consumer spending

    Consumer spending grew at a rate of 2.9% in the second quarter, compared with 1.8% in the first three months of the year.

    The US economy grew at an annualized pace of 2.3% in the three months to June, official figures have shown. The figure - the first estimate of growth in the second quarter - followed an upwardly revised growth rate of 0.6% in the first three months of the year. The Commerce Department said growth was boosted by increased consumer spending and cheaper fuel prices.

  • Thursday, April 30th 2015 - 01:51 UTC

    US economy slows down to 0.2% growth in the first quarter, but forecast is optimistic

    The strength of the dollar also hurt exports, which fell by 7.2%. A strike by dock workers at normally busy West Coast ports also hindered growth.

    The US economy “all but stagnated” in the first three months of the year, growing at an annual rate of just 0.2%, official figures show. The growth figure was far lower than expectations, which had forecast growth would be about 1%. Harsh winter weather for a second year dampened consumer spending, while energy companies struggling with low oil prices cut investment.

  • Monday, March 30th 2015 - 10:32 UTC

    US economic growth cools in the fourth quarter and profits take a hit from strong dollar

    Multinationals such as technology giant IBM, semiconductor maker Intel Corp, Honeywell and Procter & Gamble, have warned that the dollar will hurt profits

    US economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. GDP expanded at a 2.2% annual rate, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast the government published last month.

  • Saturday, October 4th 2014 - 10:29 UTC

    US trade deficit down, while oil imports fall to their lowest in four years

    U.S. exports have increased 4.1% since August 2013 and imports have grown 3.7% in the period.

    The U.S. trade deficit slipped 0.5% in August to 40.1 billion, the lowest since January, the Commerce Department reported Friday. Oil imports fell to their lowest level in four years.U.S. exports increased 0.2% in August to a record 198.5 billion, while imports grew 0.1% to 238 billion. After a 40.3 deficit in July, analysts expected a 40.9 billion trade gap in August.

  • Thursday, December 26th 2013 - 05:52 UTC

    US economy picking up strength according to third quarter data

    Personal consumption and business investment to be higher than previously thought, said US Department of Commerce

    The United States economy grew at a surprisingly robust 4.1% annual pace in the third quarter according to the Commerce Department, which was the strongest advance in nearly two years and only the third time the economy had expanded that quickly from one quarter to the next since 2006.

  • Wednesday, November 20th 2013 - 20:49 UTC

    US consumer prices fell 0.1% in October and in the last twelve months was 1%

    The Federal Reserve target is to keep inflation under 2%

    US consumer prices fell 0.1% in October as petrol prices dropped, the US Labor Department has said. Petrol prices fell 2.9%, the biggest drop since April. The cost of new cars, clothes and healthcare also fell. The decrease meant that annual inflation in the 12 months to October was just 1%.

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