Tag: US

Tuesday, January 15th 2019 - 08:41 UTC
China's trade figures point reveals a strong weakening of the economy, and global demand

Chinese exports saw the steepest fall for two years in December, according to the latest trade figures. Exports from China fell 4.4% last month compared with the year before, while imports fell 7.6%. The figures indicate a further weakening in the strength of the world's second biggest economy and sent Asian stock markets lower on Monday.
Thursday, December 27th 2018 - 08:42 UTC
Strong 5% rebound of Wall Street markets on pledge the Fed chief will not be ousted

Wall Street marked its best day in 10 years as stocks rallied back on Wednesday, giving some post-Christmas hope to a market that has otherwise been battered this December. The Dow Jones Industrial Average jumped more than 1,000 points — its biggest point-gain ever — rising nearly 5% as investors returned from a holiday break. The benchmark S&P 500 index also gained 5% and the technology heavy Nasdaq rose 5.8%.
Wednesday, December 26th 2018 - 09:11 UTC
Seven-year old girl tells president Trump she still believes in Santa Claus

The seven-year-old girl whose phone call with President Donald Trump on Christmas Eve went viral has said she still believes in Santa Claus. Mr Trump threw doubt on the existence of Santa in the call with Collman Lloyd from Lexington in South Carolina.
Monday, December 24th 2018 - 09:05 UTC
Syrian crisis: Trump names Patrick Shanahan acting Defense secretary forcing Mattis to leave earlier

United States president Donald Trump has forced Defense Secretary James Mattis to leave his post early, appointing an acting successor to take over in the new year. General Mattis, 68, strongly hinted at policy differences with Mr. Trump when he resigned on Friday.
Friday, December 21st 2018 - 11:56 UTC
US defense secretary stepping down over discrepancies with Trump over Syria withdrawal

United States defense Secretary Jim Mattis is stepping down from his post, President Donald Trump announced on Thursday, after the retired Marine general clashed with the president over a troop drawdown in Syria and Trump's go-it-alone stance in world affairs.
Thursday, December 20th 2018 - 09:09 UTC
In best US tradition, Trump says IS has been defeated and withdraws troops from Syria

The Trump administration says US troops are being withdrawn from Syria, after the president said the Islamic State (IS) group had been “defeated”. The Pentagon said it was transitioning to the “next phase of the campaign” but did not give details.
Thursday, December 20th 2018 - 08:59 UTC
Fed raises interest rate but lowers 2019 forecast to two hikes in 2019

The United States Federal Reserve raised its key interest rate on Wednesday for a fourth time this year but lowered its forecast to two hikes in 2019 amid the recent stock market sell-off and uncertain growth prospects.
Thursday, December 20th 2018 - 08:51 UTC
United States prosecutor suing Facebook for the Cambridge Analytical scandal

Washington DC's top prosecutor is suing Facebook in the first significant US move to punish the firm for its role in the Cambridge Analytica scandal.
Wednesday, December 19th 2018 - 09:12 UTC
Latin American markets and currencies cautious ahead of Fed's two-day meeting

Latin American currencies failed to gain against a weak dollar on Tuesday, as cautious investors pared exposure ahead of the end of the U.S. Federal Reserve's two-day meeting on Wednesday, while Latin American stocks ticked up in line with their U.S. peers.
Tuesday, December 18th 2018 - 09:08 UTC
US wins “dolphin safe” tuna-labeling legal battle against Mexico at WTO

The United States won a legal battle over “dolphin safe” tuna-labeling on Friday, when the World Trade Organization’s appeals judges dismissed Mexico’s argument that the U.S. labeling rules violated WTO rules