United States

Wednesday, January 30th 2008 - 20:00 UTC
Fed cuts rate to 3%, but negative US data softens impact

The Federal Reserve has cut interest rates for the second time in nine days in a further attempt to keep the United States economy from entering a recession. However a barrage of negative data on US growth, housing and employment seems to have watered the reaction from markets.
Tuesday, January 29th 2008 - 20:00 UTC
Bush admits US economy slowdown and “uncertainty”

United States President George W Bush urged his fellow citizens on Monday to have confidence in their economy in the long-term as he gave his seventh and final State of the Union address in Capitol Hill.
Thursday, January 17th 2008 - 20:00 UTC
KO Merrill Lynch rescued by Kuwait, Korea, Saudi & others

Wall Street banking giant Merrill Lynch unveiled on Thursday a huge net loss of 7.8 billion US dollars for 2007, compared to a net profit of 7.5 billion in 2006. The loss includes a massive 14.1 billion write-down on failed investments related to sub-prime mortgages.
Thursday, January 17th 2008 - 20:00 UTC
Fed support for “quick” stimulus support package

Federal Reserve chairman Ben Bernanke on Thursday backed the introduction of emergency economic measures aimed at helping the US economy avoid recession.
Wednesday, January 16th 2008 - 20:00 UTC
Energy and food push US inflation to highest in 17 years

Inflation in United States for all of 2007 hit the highest rate for 17 years as surging energy and food costs pushed up prices according to the US Labor Department latest release.
Tuesday, January 15th 2008 - 20:00 UTC
Citigroup record losses and cash injection promises

The US largest banking organization Citigroup has reported record 9.83 billion US dollars net loss for the last three months of 2007. Chief executive Vikram Pandit said Tuesday the loss had been caused by 18.1 billion US dollars exposure to bad mortgage debt and was “clearly unacceptable”.
Tuesday, January 15th 2008 - 20:00 UTC
Greenspan says the US is “in or about to enter a recession”

United States is probably in or about to enter a recession, former Federal Reserve Chairman Alan Greenspan said in an interview with The Wall Street Journal. The odds are “not overwhelming but they are marginally in that direction” of recession.
Monday, January 14th 2008 - 20:00 UTC
Bank of America rescues US biggest mortgage lender

One of the leading banks in United States, Bank of America is to take over the country's biggest mortgage lender Countrywide Financial, in a 4 billion US dollars deal.
Monday, January 14th 2008 - 20:00 UTC
US regulators probe into investment banks shares trading

United States securities regulators are reviewing whether investment banks' trades in shares of companies linked to merger and acquisition deals they were advising were based on coincidence or inside information, according to The Wall Street Journal on Monday.
Monday, January 14th 2008 - 20:00 UTC
US attempts to re-position relations with Argentina

United States seems intent in re-tracking relations with Argentina following the Kirchner administration fierce criticism of the US government for allegedly implementing a “garbage operation” to smear Argentine authorities.