United States

Saturday, February 8th 2014 - 08:36 UTC
Unemployment in the US falls to lowest level since October 2008, but it's not enough

The US economy added 113,000 jobs in January; the second month in a row the figure has been weaker than expected. Economists had predicted the US Labor Department would report an increase of about 180,000 new jobs. However, the unemployment rate fell to 6.8%, the lowest level since October 2008.
Friday, February 7th 2014 - 07:13 UTC
Two leading US Senators anticipate an economic crisis in Argentina, soon

The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.
Wednesday, February 5th 2014 - 22:59 UTC
US, the world's largest producer of oil approves licenses to export crude to Europe

The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.
Wednesday, February 5th 2014 - 08:38 UTC
US Senate passes 1 trillion dollars farm bill with crop insurance program, cuts in subsidies and food stamps

The United States Senate on Tuesday passed the long-awaited almost 1 trillion dollars farm bill, ending two years of partisan clashes and stalled negotiations. The bill was approved with strong bipartisan support, 68 to 32.
Tuesday, February 4th 2014 - 09:00 UTC
Yellen is sworn in as chair of Federal Reserve; Bernanke returns to academia

Janet Yellen on Monday was sworn in as chair of the Federal Reserve, the US central bank, replacing Ben Bernanke in the role. She is the first woman to hold the post at the Washington-based bank.
Friday, January 31st 2014 - 06:53 UTC
US economy advancing at steady pace fuelled by robust consumer spending

The U.S. economy advanced at a steady pace in the last months of 2013, growth that was fueled by robust consumer spending. The government's Commerce Department said Thursday the world's largest economy grew 3.2%t in the October-to-December period, following a 4.1% advance in the third quarter.
Wednesday, January 29th 2014 - 21:20 UTC
Obama pledges support for the middle class and is prepared to bypass Congress

US President Barack Obama displayed his strategy for getting around a divided Congress starting with a wage hike for federal contract workers in a State of the Union speech on Tuesday that reflected scaled-back legislative ambitions after a tough year.
Wednesday, January 29th 2014 - 21:07 UTC
Fed shaves another 10bn from stimulus; Turkey and South Africa raise rates

The US Federal Reserve announced a $10bn reduction in its monthly bond purchases from 75bn to 65bn in the second straight month of winding down stimulus efforts. The central bank had been buying bonds in an effort to keep interest rates low and stimulate growth.
Wednesday, January 29th 2014 - 06:46 UTC
Noravirus hits 'Explorer of the Seas' in the Caribbean; 10-day trip cancelled

The Royal Caribbean cruise 'Explorer of the Seas” has ended the 10-day trip in the Caribbean early after hundreds of passengers and crew members were sickened with a gastrointestinal illness. It is believed the incident is a new case of the noravirus which has been attacking large cruise vessels.
Wednesday, January 29th 2014 - 06:36 UTC
Boxing superstar Mayweather bets 10m dollars on Denver Broncos in Super-bowl

Reports from the US gambling haven of Las Vegas suggest that boxing superstar Floyd Mayweather has placed 10 million dollars on a Denver Broncos victory in the upcoming Super-bowl.