United States

• Saturday, May 1st 2010 - 02:13 UTC

  US Economy Expands 3.2%, Third Consecutive Quarter of Growth

  

  The US economy grew in the first three months of this year, but at a slower rate than the previous quarter. US consumer spending saw its biggest increase in three years in the first three months of 2010, which drove the country's overall economy to its third consecutive quarter of growth.

• Friday, April 30th 2010 - 05:35 UTC

  Out of Control Oil Spill Reaches Louisiana Coastline; BP Shares Plunge

  

  Oil started washing ashore on the US Gulf Coast from a leaking offshore well, the US Coast Guard reported. Up to 5,000 barrels of oil a day are thought to be spilling into the water after last week's explosion on a BP-operated rig (NYSE:BP), which then sank.

• Thursday, April 29th 2010 - 06:59 UTC

  Obama Nominees for the Fed Support “Job Creation and Low Rates”

  

  US President Barack Obama is expected to announce this week his choice of Federal Reserve Bank of San Francisco President Janet Yellen as vice-chairman of the Fed Board of Governors, according to congressional sources.

• Thursday, April 29th 2010 - 03:12 UTC

  Federal Reserve Anticipates Exceptionally Low Level Rates for an Extended Period

  

  The US Federal Reserve decided on Wednesday to leave interest rates unchanged saying the current recovery will not result in rampant inflation and anticipated exceptionally low level rates for an extended period.

• Wednesday, April 28th 2010 - 21:05 UTC

  US Tests Farming Shovelnose Sturgeon for Caviar on a Soy-Based Diet

  

  Ongoing effort to find new uses for soy-based products has kicked off at Southern Illinois University in Carbondale (US) for shovelnose sturgeon caviar production.

• Wednesday, April 28th 2010 - 05:58 UTC

  Obama Speaks for the First Time with Honduran President Lobo

  

  United States President Barack Obama spoke this week for the first time with Honduran President Lobo to discuss the situation in Honduras, said the White House.

• Wednesday, April 28th 2010 - 01:04 UTC

  Bernanke Warns White House About Failure to Reduce Federal Budget Deficit

  

  Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.

• Tuesday, April 27th 2010 - 22:06 UTC

  US Senate Claims Goldman Sachs Knowingly Profited from Mortgage Collapse

  

  The chairman of an inquiry into the causes of United States' financial meltdown has attacked the role of Goldman Sachs. Senator Carl Levin spoke of the reckless greed that infected Wall Street's financial community.

• Tuesday, April 27th 2010 - 06:03 UTC

  US Judge Griesa Denies Request to Suspend Argentina’s Debt Swap

  

  A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap.

• Monday, April 26th 2010 - 05:24 UTC

  Goldman Sachs Incriminating E-mails Surface in US Senate Investigation

  

  Investment bank Goldman Sachs executives boasted about the money the bank was making while the US housing market was collapsing in 2007, released company e-mails show.