United States

Saturday, March 13th 2010 - 02:32 UTC
Lehman Brothers had been using “accounting gimmicks” for years

Former bosses at Lehman Brothers have been accused of using an “accounting gimmick” to hide billions in losses which helped bring about its collapse. The technique, called “Repo 105”, was used to temporarily remove 50 billion US dollars of assets from the US investment bank's balance sheet in 2008, according to a one-year investigation.
Saturday, March 13th 2010 - 02:23 UTC
China calls on US not to make the Yuan de facto dollar peg “a political issue”

The United States should not make a political issue out of the Yuan, a Chinese central banker said as the long running friction between the world’s two leading economies approaches a critical deadline.
Thursday, March 11th 2010 - 23:59 UTC
US February budget deficit was the largest in history: 221 billion USD

The US government recorded a budget deficit of 221 billion US dollars in February - the largest monthly deficit in its history. The total deficit since the beginning of the fiscal year in October now stands at 651.6 billon according to US Treasury figures.
Wednesday, March 10th 2010 - 06:38 UTC
US and Brazil not interested in trade war and “ready to negotiate”

Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.
Tuesday, March 9th 2010 - 18:43 UTC
US advertising on digital media higher than on print in 2010

United States advertisers are spending more this year on digital media than on print according to the latest study by Outsell. Long predicted, the Madison Avenue milestone has finally arrived thanks to a 9.6% boom in digital advertising in 2010.
Tuesday, March 9th 2010 - 07:32 UTC
Brazil/US WTO cotton retaliatory dispute takes off

Brazil announced Monday it would levy a total of 591 million US dollars in retaliatory tariffs on US goods under a ruling against US cotton subsidies granted by a World Trade Organization last year. However Brazil also sent a conciliatory message.
Monday, March 8th 2010 - 07:25 UTC
Encouraging signals from US job market even when unemployment is 9.7%

Encouraging news from the United States labour market: employers shed fewer jobs than expected in February, cutting 36,000 jobs. This was better than the 50,000 analysts had been expecting.
Thursday, March 4th 2010 - 21:24 UTC
US and Brazil agree Venezuela “should be looking more to the south”

The United States and Brazil agreed that Venezuela should be “looking more to the south”, to “successful models of country”, according to US Secretary of State Hillary Clinton and that is why “we have invited Venezuela to join Mercosur”, pointed out Brazilian Foreign Secretary Celso Amorim.
Thursday, March 4th 2010 - 04:21 UTC
Brazil tells Washington “not to push Iran into a corner”

Brazil and the US could not agree Wednesday over how to rein in Tehran's suspect nuclear ambitions and Brazilian President Lula da Silva warned the world not to “push Iran into a corner.”
Wednesday, March 3rd 2010 - 07:14 UTC
US pledges long term relief for earthquake ravaged Chile

Secretary of State Hillary Clinton arrived in Brasilia Tuesday night for meetings with Brazilian leaders after a stop in Chile where she pledged long-term US relief help for the earthquake-ravaged country. Chilean officials say damage estimates range in the billions of dollars.