United States

Saturday, August 28th 2010 - 06:09 UTC
US economy recovery “softened” but Fed ready to take further steps

Federal Reserve Chairman Ben Bernanke said the economic recovery has softened more than expected and the Fed is ready to take further steps if needed to spur the stumbling economy.
Friday, August 27th 2010 - 07:46 UTC
New York’s Empire State Building looses to 15 Penn Plaza

The Empire State Building has dominated the New York City skyline for a number of years since it was first built and it has become one of the top tourist destinations in the city. The building is now set to become second best however as a new building has been approved in New York city that will dominate the skyline and make the Empire State Building lose out.
Wednesday, August 25th 2010 - 04:11 UTC
US sales of existing homes plunge 27% in July, lowest level in ten years

Sales of existing homes in the US plunged 27.2% in July compared with June to their lowest level in more than 10 years, figures suggest. Home sales completed in the month stood at an annualised rate of 3.83 million, according to the National Association of Realtors (NAR).
Tuesday, August 24th 2010 - 05:25 UTC
US top official to visit Argentina, Uruguay and Chile

United States Under Secretary of State for Public Diplomacy and Public Affairs Judith A. McHale will travel to Argentina, Uruguay, and Chile August 24 - September 2, her first visit to the region since been nominated to the post.
Friday, August 20th 2010 - 03:16 UTC
US Jobless benefits jump to highest since November; markets tumble

Claims for United States jobless benefits jumped to the highest level since November and Philadelphia-area manufacturing shrank for the first time in a year, indicating the US economy may be slowing faster than forecast.
Thursday, August 19th 2010 - 02:54 UTC
Over-supply of homes hindering US economic recovery says Obama

President Barack Obama has said an over-supply of homes is hindering the US economic recovery. Obama also said the US had to find a way to curb its budget deficit without further slowing economic growth.
Monday, August 16th 2010 - 18:56 UTC
U.S. Dollar Direction In 2nd Half of 2010

The last two years have been quite volatile in financial markets. First, in the fall of 2008, it appeared that the entire global economic system was headed toward inevitable destruction as US financial institutions Bear Stearns, Fannie Mae & Freddie Mac, and Lehman Brothers all collapsed in September of ’08.
Saturday, August 14th 2010 - 07:50 UTC
Mexican billionaire buys 44 million USD townhome in New York

Mexican billionaire Carlos Slim real estate firm paid 44 million US dollars for a town-home on Manhattan’s Fifth Avenue, adding to his property holdings in New York.
Thursday, August 12th 2010 - 04:30 UTC
Hillary Clinton praises Argentina for its role in helping consolidate peace

Argentine Foreign Affairs Minister Héctor Timerman and US Secretary of State, Hillary Clinton, met at the US Department of State Wednesday on what was the second and final day of the minister's diplomatic trip to Washington, DC
Thursday, August 12th 2010 - 00:20 UTC
New York Fed will buy 18 billion of Treasury debt in nine operations

The New York Federal Reserve announced Wednesday it will buy about 18 billion US dollars of Treasury debt in nine operations from August 17 through September 13.