United States

• Saturday, October 24th 2009 - 16:39 UTC

  Wave of bankruptcies in the US still has not peaked

  

  With the bankruptcy of Partners Bank, from Florida, and American United Bank, from Georgia, there are now 101 banks in the United States that have declared insolvency so far in 2009 due to the financial crisis, local media sources informed.

• Tuesday, October 20th 2009 - 11:21 UTC

  Argentine government regrets incident suffered by US ambassador

  

  Argentine president Cristina Fernandez de Kirchner regretted last week’s incidents suffered by United States ambassador Vilma Martinez and said “in all places there are always intolerants”.

• Saturday, October 17th 2009 - 10:29 UTC

  US federal deficit hits all time high record of 1.42 trillion US dollars, 10% of GDP

  

  The United States federal deficit is at an all-time high, 1.42 trillion US dollars for fiscal year 2009, which ended September 30. However it was lower than forecasted In August, 1.58 trillion and much less than in May 1.84 trillion US dollars.

• Saturday, October 17th 2009 - 10:27 UTC

  US criticizes China’s Yuan “rigidity” and reserves accumulation

  

  The US Treasury has criticised China for what it described as the lack of flexibility of the Chinese currency, the Yuan. It also criticised the rapid build-up of China's foreign exchange reserves in a report to the US Congress.

• Saturday, October 17th 2009 - 05:29 UTC

  Geithner committed to keep the US dollar as a reserve currency

  

  United States Treasury Secretary Timothy Geithner said the dollar's role as a reserve currency carries special responsibilities, including the need to control inflation and get the nation's finances in order. In an interview on CNBC television, Geithner was asked about the dollar's recent decline and what the Treasury was doing to guard its value.

• Saturday, October 17th 2009 - 05:24 UTC

  Honduras crisis stalls President Obama expected visit to Brazil and Chile

  

  US president Barack Obama could visit Brazil this year once the US Senate approves the nomination of Thomas Shannon as ambassador before the Brazilian government, announced the head of the Brazilian diplomatic legation in Washington Antonio Patriota.

• Monday, October 12th 2009 - 10:47 UTC

  General Motors record sales in China’s booming car market

  

  General Motors and affiliate companies in China sold almost 1.3 million cars in the first nine months of 2009, with September a record month, according to a release from the main offices in Detroit.

• Monday, October 12th 2009 - 08:37 UTC

  Markets’ expecting more signals in support of the dollar from US officials

  

  Following a week when the US dollar plunged to record lows forcing some Asian banks to support the greenback, money markets are looking for new signals that the US government is committed to a strong US dollar as was implicitly anticipated by the Federal Reserve.

• Friday, October 9th 2009 - 17:13 UTC

  United States with the status of the “world’s most admired country”

  

  Brand America is now ranked #1 by global citizens, according to the GfK Roper Public Affairs & Media, a division of GfK Custom Research North America. Results from the 2009 Anholt-GfK Roper Nation Brands Index (NBI), which measures the global image of 50 countries, show the United States taking the top spot as the country with the best overall brand, up from seventh last year.

• Friday, October 9th 2009 - 11:09 UTC

  Who is to replace US consumer as the global growth engine?

  

  Since the United States consumer is no longer the main global growth engine, experts are expecting China to take over the role, although they are also looking for other locomotives in other regions of the world to help with economic recovery.