United States

Monday, October 20th 2008 - 20:00 UTC
Changes in US-Latam relations with Obama, anticipates Krugman

Economy Nobel Laureate Paul Krugman anticipated that relations between the United States and Latinamerica will change significantly if the Democratic candidate Barack Obama is elected president in two weeks time.
Friday, October 17th 2008 - 20:00 UTC
JPMorgan becomes US largest bank; displaces Citigroup

JPMorgan Chase & Co has become the largest US bank by assets surpassing long-time leader Citigroup Inc. On Thursday Citigroup Inc reported it ended September with 2.05 trillion US dollars of assets, while a day earlier JPMorgan led by Jaime Dimon, said it ended the month with 2.25 trillion US dollars.
Thursday, October 16th 2008 - 20:00 UTC
Upbeat message from Bernanke but colleagues talk of recession

The chairman of the US Federal Reserve said on Wednesday the US economy will eventually emerge from the financial crisis with “renewed vigour”, but warns it will not happen quickly.
Thursday, October 16th 2008 - 20:00 UTC
Obama or McCain, Latam policy “more or less the same”

United States policy towards Latinamerica will remain “more or less” on the same terms whether John McCain or Democrat Barak Obama wins the coming November presidential election, said US ambassador in Nicaragua Robert Callahan.
Thursday, October 16th 2008 - 20:00 UTC
US industrial production record down; inflation flat

United States industrial production posted the biggest monthly decline since 1974 while consumer prices were flat in September, according to reports Thursday. Adding to the gloom a factory index for the Philadelphia region hit an 18-year low this month.
Wednesday, October 15th 2008 - 20:00 UTC
CBS/NYT poll gives Obama 14 points lead over McCain

The United States Democratic presidential nominee Barack Obama is entering the third and final presidential debate Wednesday with a wide lead over Republican rival John McCain, according to the latest CBS News/New York Times poll.
Tuesday, October 14th 2008 - 20:00 UTC
Obama proposes new jobs tax credit and foreclosure relief

Democratic US presidential candidate Barack Obama unveiled on Monday an “economic rescue plan for the middle class” at a campaign event in Toledo, Ohio.
Tuesday, October 14th 2008 - 20:00 UTC
US unveils plan to purchase 250 billion USD stake in banks

The US government announced a 250 billion US dollars plan to purchase stakes in a wide variety of banks in an effort to restore confidence in the sector. President George W Bush said the move would help to return stability to the US banking sector and ultimately help preserve free markets.
Sunday, October 12th 2008 - 20:00 UTC
Talks to consolidate US automakers GM and Chrysler

The Unites States automobile giants General Motors and Chrysler are in talks about a possible merger, according to reports in the US media. Apparently talks have been going on for a month but details of the deal are not clear and neither party has made any direct official comments.
Sunday, October 12th 2008 - 20:00 UTC
Bipartisan support for US plan to purchase private bank equities

Two United States Treasury Secretaries James Baker and Lawrence Summers spoke out in favour of the need for the federal government to assume partial ownership of US banks during the Sunday morning television show “This week”.