United States

Wednesday, September 5th 2007 - 21:00 UTC
Beige Book shows Fed in no rush to cut interest rates

The United States economy is feeling a “limited” impact from the credit re-pricing and weak housing industry, the Federal Reserve said in its Beige Book report Wednesday. The report suggested the Fed may not be in a rush to aggressively cut interest rates despite skittish financial markets.
Tuesday, September 4th 2007 - 21:00 UTC
US leads the world in labour productivity says ILO

While productivity levels have increased worldwide over the past decade, gaps remain wide between the industrialized region and most others, although South Asia, East Asia, and Central & South-Eastern Europe (non-European Union) & CIS have begun to catch up the International Labor Office (ILO) said in a new report published Monday.
Saturday, September 1st 2007 - 21:00 UTC
July inflation in US and Euro Zone remained stable

The United States Federal Reserve's preferred inflation guide grew less than expected in July, increasing the possibility of a cut in US interest rates next month.
Friday, August 31st 2007 - 21:00 UTC
Bernanke and Bush: no interest rate cuts to bail out investors

Chairman Ben Bernanke offered no clear signal that the Federal Reserve is poised to cut interest rates in a speech to central bankers on Friday, even as he reaffirmed its commitment to take into account the likely effects of financial market turmoil on the economy.
Thursday, August 30th 2007 - 21:00 UTC
Fed prepared “to act as needed” to mitigate adverse effects

Ben Bernanke said in a letter to an influential New York Senator that the Federal Reserve is ready “to act as needed” to help the US economy if the current market turmoil spills over into the broader economy.
Thursday, August 30th 2007 - 21:00 UTC
Mixed trading in global markets on hopes of lower interest rates

United States shares recovered Wednesday almost all of Tuesday's heavy falls with the Dow Jones index gaining 1.9% as investors looked to pick up bargains. Increased hopes that the Federal Reserve could cut interest rates following a letter from Chairman Ben Bernanke buoyed investors
Thursday, August 30th 2007 - 21:00 UTC
US economy expands 4% in Q2 boosted by exports

Improved trade and investment figures helped the US economy grow at an annual rate of 4% in the second quarter, according to the latest release from the Commerce Department.
Tuesday, August 28th 2007 - 21:00 UTC
US Judge opens way for Noriega's extradition to France

Former Panamanian leader Manuel Noriega can be extradited to France after completing his U.S. prison sentence on a 1992 drug trafficking conviction, according to a Tuesday ruling from a US federal judge.
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).