United States

Thursday, June 18th 2009 - 14:50 UTC
US unveils major banking shake-up since the 1930s

The US government has announced a major reform of banking regulation to prevent future financial crises. The overhaul will require big banks to put more money aside against future losses to curb excessive risk taking.
Tuesday, June 16th 2009 - 10:56 UTC
US government proposes sweeping reforms to financial regulation

The US government is planning a major overhaul of the system of financial regulation to avoid future crises. The broad outlines of the plan were revealed on Monday by US Treasury Secretary Tim Geithner and White House economic adviser Larry Summers.
Wednesday, June 10th 2009 - 07:34 UTC
US banks ready to repay bail-out money, but fears of further credit crunch

Ten of the largest US banks will be able to repay 68 billion US dollars in government bail-out money, the US Treasury says, a sign the financial crisis is easing. President Barack Obama welcomed the move but said it was not a sign that “our financial troubles were over”.
Saturday, June 6th 2009 - 14:36 UTC
US job losses moderating but May rate reached 9.4%

The US White House economic adviser Christina Romer on Friday said that May payrolls data was consistent with a trend of moderating job losses, but the unemployment rate would stay high for a while.
Friday, June 5th 2009 - 05:29 UTC
US not contemplating the end of the embargo on Cuba

The United States government said it was satisfied with the resolution which revoked OAS sanctions on Cuba, but warned that it’s “not contemplating” for the moment talking about an end on the half century embargo on the Havana regime.
Friday, June 5th 2009 - 04:15 UTC
New York City remains the safest city in United States, according to FBI

New York Mayor Michael R. Bloomberg and Police Commissioner Raymond W. Kelly announced that New York City remains the safest big city in the United States, according to the FBI’s Crime in the United States, the preliminary Uniform Crime Report for 2008.
Thursday, June 4th 2009 - 16:12 UTC
Bernanke warns about financial stability; opens debate on inflation and rates

United States Federal Reserve chairman Ben Bernanke warned Wednesday that the US spending spree now threatens the country's financial stability, amid growing questions over whether governments and central banks around the world have gone too far.
Wednesday, June 3rd 2009 - 08:31 UTC
Ford recovering US market share with sales up 20% from April

Ford, the only one of the “Big Three” US carmakers not to have gone bankrupt, has reported its share of the US market in May was its highest since 2006.
Tuesday, June 2nd 2009 - 10:40 UTC
Cisco and Travelers to replace Citi and GM in Dow Jones average

Shock waves of the financial crisis and its impact on the real economy have reached the United States Dow Jones Industrial Average which announced Monday the replacing of two iconic shares from its thirty blue chips index, announced Dow Jones & Company.
Tuesday, June 2nd 2009 - 04:11 UTC
End of an era for US auto industry: GM files for protection

Car giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history. The widely expected move comes after GM had seen its losses widen following a steep fall in sales in recent years.