United States

Monday, June 9th 2008 - 21:00 UTC
More losses and fresh funding for US banking system

United States investment bank Lehman Brothers is raising 6 billion US dollars to boost its finances after predicting a loss of 2.8 billion in the second quarter of 2008.
Saturday, June 7th 2008 - 21:00 UTC
Home foreclosures in the US set new record in first quarter of 08

United States home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the US economy.
Friday, June 6th 2008 - 21:00 UTC
US unemployment rate picks up speed: 5.5% in May

The United States unemployment rate rose at its fastest pace in more than two decades in May, stoking fears of recession in the world's biggest economy. The surprise jump in May's jobless rate to 5.5% from 5% is the most recent signal yet that US growth is stalling.
Wednesday, June 4th 2008 - 21:00 UTC
Bernanke confirms inflation is the Fed's main concern

Federal Reserve Chairman Ben Bernanke said Wednesday that long term inflationary expectations are concerning but he does not believe the United States will experience the out-of-control prices seen with 1970s oil shocks.
Saturday, May 31st 2008 - 21:00 UTC
Greenspan forecasts no “bubble” threat because of inflation

United States former Federal Reserve Chairman Alan Greenspan said on Friday in Canada that he does not expect another “bubble” in world markets for a long time but warned about the threat of inflation.
Thursday, May 29th 2008 - 21:00 UTC
US economy surprise: 0.9% growth in first quarter

The United States economy performed better than expected in the first quarter of 2008 having expanded 0.9% according to the latest data from the Commerce Department.
Wednesday, May 28th 2008 - 21:00 UTC
Federal Reserve member decides to return to academia

Federal Reserve Governor Frederic Mishkin will leave at the end of August and return to teaching at Columbia University, the United States central bank announced Wednesday.
Thursday, May 22nd 2008 - 21:00 UTC
American Airlines to charge for checked baggage

With oil prices hitting new records almost daily, the nation's largest air carrier, American Airlines, announced drastic steps Wednesday to “remain viable,” including charging new fees for all checked baggage, slashing domestic flights and laying off thousands of workers.
Wednesday, May 21st 2008 - 21:00 UTC
US monetary policy appears appropriately calibrated, says Fed

The US Federal Reserve injected 75 billion US dollars liquidity into the banking system on Tuesday but a monetary “pause” in the near future is possible as the central bank's interest-rate reductions take effect.
Tuesday, May 20th 2008 - 21:00 UTC
US April wholesale inflation takes short rest in April

United States Producer's Price Index increased 0.2% in April following the big 1.1% jump in March but the improvement is likely to be temporary since during April food prices remained unchanged and energy actually dropped, reported the US Labor Department on Tuesday.