United States

Monday, August 27th 2007 - 21:00 UTC
Sub-prime mortgages default “bigger threat than terrorism”

The risk of massive defaults on sub-prime mortgages and heavy debts now poses a bigger threat to US economic prosperity than terrorism, a panel of US business economists said Monday.
Monday, August 27th 2007 - 21:00 UTC
Housing sector gives no respite to US markets

Concern that United States house prices could fall sharply has returned after a key survey showed that sales fell to a near five-year low in the year to July. Sales of existing homes fell 0.2% to 5.75 million units in the year, the lowest since November 2002, said the National Association of Realtors (NAR).
Friday, August 24th 2007 - 21:00 UTC
Mortgage expert forecasts US housing downturn recession

Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive.
Friday, August 17th 2007 - 21:00 UTC
Federal Reserve loosens credit to banks and markets react positively

World markets on Friday reacted firmly back to positive following the Federal Reserve announcement that it would cut the rate at which it lends banks to inject more liquidity into the financial system
Thursday, August 16th 2007 - 21:00 UTC
Paulson: risk re-pricing “inevitable”, but no recession

United States Treasury Secretary Henry Paulson said the current turmoil in financial markets will slow economic growth but should not spark a recession, according to a report published Thursday in The Wall Street Journal.
Thursday, August 16th 2007 - 21:00 UTC
Black Thursday for markets but mixed signals from Wall Street

Global markets plunged again on Thursday with London's main FTSE 100 index seeing its sharpest fall in four-and-a-half years, but in New York Wall Street shares staged a dramatic recovery after suffering heavy losses earlier in the day.
Wednesday, August 15th 2007 - 21:00 UTC
US markets remain volatile; in EU risk pricing “normalizing”

United States shares have fallen again with problems in the mortgage sector continuing to have an adverse effect on market sentiment but also on warnings from two big retailers Wal-Mart and Home Depot.
Tuesday, August 14th 2007 - 21:00 UTC
Economy benefits from migrant workers say 55% of US adults

As United States struggles with a sagging public image in many Latin American countries, US adults show a stunning ignorance about the region, a new Zogby Interactive poll shows.
Monday, August 13th 2007 - 21:00 UTC
US escalates trade dispute against China at WTO

United States asked the World Trade Organization to rule in a complaint against China over piracy of copyrighted movies, music, software and books, escalating a dispute that has soured commercial relations between the two trading giants.
Saturday, August 11th 2007 - 21:00 UTC
Massive coordinated liquidity injection to sooth markets

The United States Federal Reserve pumped 38 billion dollars into the banking system Friday, marking its biggest operation since the week of the 9/11 terror attacks, as it vied to shore up the US financial system.