United States

Thursday, October 14th 2010 - 05:51 UTC
US Treasury Secretary sees “no risk” of global currency war

United States Treasury Secretary Timothy Geithner said he sees “no risk” of a global currency war and wants to maximize incentives for China to allow its Yuan to rise in value. He told the Charlie Rose Show in an interview that China would work against its basic development objectives if it kept its currency undervalued.
Thursday, October 14th 2010 - 05:37 UTC
Gold hits a new record as investors seek protection against sinking US dollar

World stocks jumped to a six-month high, gold hit another record, and the dollar weakened on Wednesday on expectations that the US Federal Reserve will further loosen monetary policy, boosting risk appetite.
Thursday, October 14th 2010 - 05:35 UTC
US farm exports forecasted to surpass the 2008 record of 115 billion US dollars

United States farm exports may surpass a 2008 record of 115.3 billion US dollars on surging corn, soybean and wheat prices, according to Joe Glauber, the US Department of Agriculture’s chief economist.
Wednesday, October 13th 2010 - 00:50 UTC
Home repossession in US a political “hot potato”; 1.2 million forecasted in 2010

The White House has ruled out a temporary ban on the repossession of homes, despite a growing row over alleged malpractice. Some US banks have already imposed their own moratorium on foreclosures while they investigate possible legal flaws in the eviction process.
Wednesday, October 13th 2010 - 00:40 UTC
Chinese oil company sets foot on shale oil and gas field in Texas

Chinese oil company CNOOC has agreed to pay just over one billion US dollars for a 33% stake in a South Texas shale oil and gas field. CNOOC announced the deal with Chesapeake Energy Corporation, which will also see it fund 75% of Chesapeake's share of the costs until an additional 1.08 billion has been paid.
Tuesday, October 12th 2010 - 06:36 UTC
UN corn and soybean futures resumed rally on Monday

United States corn and soybean futures resumed their rally Monday as a surprising government crop report from last week continued to drive concerns over supplies.
Sunday, October 3rd 2010 - 13:29 UTC
Brazil Foundation New York Joins the “New Brazil”

Spearheaded by Brazil Foundation President Leona Forman, and the event’s Chair, advertising executive Nizan Guanaes, a stellar gathering of over 500 Brazilian leaders in banking, fashion and infrastructure industries reached into their purses and donated over US$2.4 million dollars for Brazil Foundation’s efforts to support nonprofit organizations that provide opportunities for poor and marginalized communities across Brazil.
Wednesday, September 29th 2010 - 04:27 UTC
Record gap between the richest and poorest in the US, according to Census

The income gap between the richest and poorest in United States grew last year to the widest amount on record as young adults — and children in particular — struggled to stay afloat in the recession.
Thursday, September 23rd 2010 - 04:56 UTC
Obama promises to revamp US foreign policy; helping poor countries is “national interest”

President Barack Obama has told the UN a revamped US foreign aid policy will help lift nations out of poverty by focusing on good governance and encouraging trade and investment.
Thursday, September 23rd 2010 - 02:01 UTC
Head of the US 700 billion USD bail-out program steps down

The US Treasury Department official in charge of overseeing the government's Troubled Asset Relief Program (Tarp) is stepping down. Herb Allison said that he was resigning now that the US bail-out programme was winding down.