United States

Thursday, September 8th 2011 - 06:00 UTC
S&P met privately large bond investors suggesting the US debt downgrade, says WSJ

Ratings agency Standard & Poor's officials privately met with large bond-investors weeks before the firm's US debt downgrade, leaving some believing the chance of a rating downgrade was higher than they had previously thought, the Wall Street Journal said.
Thursday, September 8th 2011 - 02:48 UTC
Soros predicts Euro crisis could be worse than Lehman Brothers

Billionaire George Soros believes that the current crisis of the Euro zone has the ‘potential to be a lot worse than the Lehman Brothers’ in the US due to the lack of consensus in the European Union to create an authority with enough power to handle this problem.
Thursday, September 8th 2011 - 00:12 UTC
Review on US economy for Fed’s next meeting shows slow growth, weak activity

The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy.
Wednesday, September 7th 2011 - 11:29 UTC
Obama job-creating speech will announce a 300 billion dollars plan, says US media

US President Barack Obama will unveil a 300 billion dollars package to create new jobs in an address to Congress on Thursday, US media reports citing Democratic sources.
Tuesday, September 6th 2011 - 20:15 UTC
US banks offered deals over improper-mortgage practices, says FT

Big US banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported Tuesday.
Monday, September 5th 2011 - 02:02 UTC
Hurricane Katia intensifies and moves closer to the US east coast

Hurricane Katia continued to intensify Sunday afternoon as it churned in the Atlantic Ocean, spurring warnings about rip currents and fears it could soon develop into a “major hurricane,” the United States National Hurricane Center said.
Monday, September 5th 2011 - 01:57 UTC
In the US eight out of ten think the economy is in recession, shows CNN poll

More than eight in 10 US residents think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious.
Saturday, September 3rd 2011 - 08:01 UTC
“Argentina’s turnaround tango” as an inspiration for Obama and US Congress

An opinion editorial of the US newspaper The New York Times titled “Argentina’s turnaround tango” stated that President Barack Obama and the US Congress should look to Argentina “for inspiration” in economic policies issues. Nevertheless, the article also warned about the corruption and “government opacity“of the Latin American country.
Saturday, September 3rd 2011 - 00:44 UTC
US government to sue 17 major banks for losses on sub-prime mortgages

US authorities announced legal actions against 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars. The Federal Housing Finance Agency said it was taking action against banks including Goldman Sachs, Barclays, Bank of America, Deutsche Bank, and HSBC.
Friday, September 2nd 2011 - 21:36 UTC
World markets collapse on fears US economy is stalling and dismal jobs data

Fears that the US economy is stalling and may be heading back into recession caused a severe slump in stock markets around the world on Friday. With European indexes already shaken by concerns with Greece and the Euro, worse-than-expected US jobs data drove investors to unload stocks.