United States

Wednesday, October 16th 2013 - 20:45 UTC
United States becomes world’s largest producer of oil in 2013

With the help from shale oil, the United States is the world's largest producer of oil in 2013, according to data presented at PIRA Energy Group's recent Retainer Client Seminar held in New York City.
Monday, October 14th 2013 - 23:40 UTC
Bolivian president claims US and Pacific Alliance conspiring to divide UNASUR

Bolivian president Evo Morales claimed that the Pacific Alliance (Colombia, Chile, Peru and Mexico) is part of a major conspiration plotted “from the north” and directed to divide the Union of South American Nations, Unasur.
Monday, October 14th 2013 - 05:31 UTC
IMF warns US default means massive disruption and world recession

The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV interview she said a default would result in “massive disruption the world over”.
Thursday, October 10th 2013 - 00:35 UTC
Obama nominates ‘pro-jobs’ Yellen to head the Federal Reserve

President Barack Obama has nominated Federal Reserve Vice-Chair Janet Yellen to run the world's most influential central bank and urged the Senate to confirm her without delay. Yellen, an advocate for aggressive action to stimulate US economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.
Tuesday, October 8th 2013 - 18:32 UTC
IMF forecasts sluggish expansion in developing world; trims global output estimate

The International Monetary Fund trimmed its forecasts for global output for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world
Tuesday, October 8th 2013 - 06:29 UTC
US Fed issues the new hi-tech 100 dollar bill with 3D security ribbon

The US Federal Reserve has issued a new hi-tech 100 dollar banknote comprising several new security features. It includes a blue 3D security ribbon and a bell and inkwell logo that authorities say are particularly difficult to replicate.
Friday, October 4th 2013 - 07:02 UTC
IMF warns US debt ceiling controversy is a far worse threat to global economy

IMF managing director Christine Lagarde says failure to raise the US debt ceiling would be a far worse threat to the global economy than the current shutdown. The shutdown is due to a budget standoff between President Barack Obama and Congress. But a worse problem looms: the US will run out of money if there is no agreement to raise the borrowing limit.
Friday, October 4th 2013 - 07:00 UTC
“Straight up to the point of extreme idiocy, but we won’t cross it” predicts Buffett

Warren Buffett, the billionaire chairman and CEO of Berkshire Hathaway Inc, said he expects the United States Congress to resolve a stalemate over the US debt ceiling before it seriously harms the country.
Thursday, October 3rd 2013 - 06:48 UTC
US and Venezuela in reciprocating game of expelling diplomats

The United States has expelled Venezuela's top diplomat and two others, after Venezuela kicked out three U.S. diplomats it accused of plotting sabotage. The Caracas government criticized the US response, saying the Venezuelan diplomats had not been meeting with groups opposed to US President Barack Obama.
Thursday, October 3rd 2013 - 06:35 UTC
‘Exasperated’ Obama warns Wall Street that Republicans could force the US to default on its debt

US President Barack Obama has warned that Wall Street should be concerned that a conservative faction of Republicans is willing to allow the country to default on its debt. The US government has partially closed after Congress failed to agree a budget and will run out of cash on 17 October unless its debt ceiling is raised.