United States

• Friday, November 2nd 2012 - 08:22 UTC

  The United States elections, as seen from India

  

  By Rengaraj Viswanathan - In India, people are amused and puzzled, depressed and disinterested and occasionally inspired by the long and loud, colourful and typical American show that goes by the name of the presidential election.

• Friday, November 2nd 2012 - 00:02 UTC

  Republican New York Mayor endorses Obama for his record on climate change

  

  New York Mayor Michael Bloomberg endorsed President Barack Obama for a second term, citing the importance of his record on climate change, particularly in the aftermath of the devastating blow dealt to the New York area by storm Sandy.

• Thursday, November 1st 2012 - 06:40 UTC

  Wall Street returned to life with average trading volume; most buildings in the area with no power

  

  The US stock market slowly returned to life on Wednesday after two days in the dark, in the wake of the massive storm Sandy that caused the market's first weather-related two-day closure since the late 19th century.

• Wednesday, October 31st 2012 - 05:17 UTC

  Sandy’s destruction along the US East coast estimated in 20bn dollars

  

  Businesses on the US East Coast have continued to be disrupted by storm Sandy, with total damage estimated at between 10bn and 20bn dollars. Sandy has flooded subway and road tunnels in much of Lower Manhattan.

• Wednesday, October 31st 2012 - 04:57 UTC

  NYSE resumes trading Wednesday despite NY transport system remains limited

  

  Stock markets, shuttered for two days by Hurricane Sandy’s punch ashore, plan to reopen Wednesday. The New York Stock Exchange’s parent company, NYSE Euronext, said trading would commence as usual with a 9:30 a.m. opening bell.

• Wednesday, October 31st 2012 - 04:00 UTC

  Fitch Ratings downgrades Argentine bonds following Judge Griesa ruling

  

  Fitch Ratings has placed Argentina's Long-term foreign currency Issuer Default Rating (IDR) of 'B', Short-term IDR of 'B' and the international bonds issued under New York Law on Rating Watch Negative (RWN).

• Wednesday, October 31st 2012 - 02:08 UTC

  New York working to restore transit service in wake of historic storm

  

  Thousands of New York Metropolitan Transportation Authority workers began on Tuesday to fan out through the system to inspect and begin repair of the damage caused by Hurricane Sandy, a massively destructive storm of historic proportions.

• Tuesday, October 30th 2012 - 01:39 UTC

  Power shut off in Lower Manhattan fearing flooding electrical delivery system

  

  New York City main power supplier Con Edison begun Monday evening the process of shutting off electrical service to a portion of Lower Manhattan, a move that will protect both company and customer equipment, and allow for quicker restoration after Hurricane Sandy passes.

• Monday, October 29th 2012 - 12:31 UTC

  Wall Street closes down Monday, Tuesday as hurricane Sandy advances on New York area

  

  Wall Street stock and options markets will be closed on Monday and possibly Tuesday, the exchange operator said, going back on a plan that would have kept electronic trading going on Monday.

• Friday, October 26th 2012 - 21:33 UTC

  US economy beats forecasts and expands on stronger consumer spending

  

  The economy expanded more than forecast in the third quarter, paced by a pickup in consumer spending, a rebound in government outlays and gains in residential construction. GDP rose 2% annual rate after climbing 1.3% in the prior quarter, Commerce Department figures showed on Friday.