United States

Monday, June 16th 2008 - 21:00 UTC
U.S. remains dominant in science and technology

United States remains the dominant leader in science and technology worldwide despite perceptions that the country is losing its competitive edge, according to a RAND Corporation.
Friday, June 13th 2008 - 21:00 UTC
US May inflation at its fastest rate since last November

Inflation in the United States rose at its fastest pace for six months in May because of sharply higher energy costs. Consumer prices rose 0.6% last month, government figures showed, the steepest monthly increase since last November.
Thursday, June 12th 2008 - 21:00 UTC
Floods in US Midwest send corn futures to new highs

Corn prices hit new highs this week after the US Department of Agriculture forecast that output would fall because of poor weather. Corn reached a record price of above 7 US dollars a bushel for July delivery on the Chicago Board of Trade after the government cut its forecasts for the 2008 yield by 3%.
Wednesday, June 11th 2008 - 21:00 UTC
US exports up but not enough to pay April's oil bill

Despite healthy exports the rising cost of importing foreign oil caused the US trade deficit to widen 7.8% in April to 60.9 billion US dollars, the largest for 13 months.
Wednesday, June 11th 2008 - 21:00 UTC
Obama announces windfall profits tax on oil corporations

Democratic presidential candidate Barack Obama sought to tap into US citizens' anxiety over high gasoline prices yesterday by pledging to seek a windfall profits tax on US oil companies if elected.
Tuesday, June 10th 2008 - 21:00 UTC
Obama and McCain's campaigns have a Latinamerican chapter

The United States presidential campaign will also be fought in Latinamerica. Democrat candidate Barak Obama has named a US attorney married to a Brazilian to convince the 30.000 US citizens living in Brazil, while a businessman, resident in Sao Paulo will represent the Republican Party and candidate John McCain.
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.