United States

• 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.

• Wednesday, September 22nd 2010 - 07:35 UTC

  Fed anticipates modest US growth and is prepared to provide further support

  

  Admitting that employment and output recovery has slowed down in recent months, the US Federal Reserve said on Tuesday that it is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.