United States

Tuesday, January 8th 2008 - 20:00 UTC
Growing consensus that the “feared US recession” is here

The feared recession in the US economy has already arrived, according to a report from Merrill Lynch. It said that Friday's employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.
Friday, January 4th 2008 - 20:00 UTC
USA: Obama, Huckabee win Iowa Caucuses

Barack Obama and Mike Huckabee have won their party caucuses in the US state of Iowa, the first test in the race to choose the candidates for president.
Thursday, January 3rd 2008 - 20:00 UTC
Toyota breaks Ford's 75 year lock as US No 2 automaker

Toyota Motor Corp. overtook Ford Motor Co. to become the No. 2 automaker by U.S. sales in 2007, using new products and relentless strategy to break Ford's 75-year lock on the position. General Motors remained the US sales leader with 3.82 million vehicles.
Saturday, December 22nd 2007 - 20:00 UTC
US manufacturers anticipate a mild recession next year

The United States manufacturing sector will face turbulent times next year due in large part to the continuing housing collapse. As a result, the economic landscape will remain highly volatile in 2008 before rebounding in 2009, according to the Manufacturers Alliance/MAPI Quarterly Industrial Outlook, a report that analyzes 27 major industries.
Wednesday, December 19th 2007 - 20:00 UTC
US Congress approves “historic” energy efficiency bill

The U.S. Congress has approved a “historic” energy bill that increases U.S. fuel efficiency standards in cars and trucks. President George Bush is expected to sign the measure into law.
Wednesday, December 19th 2007 - 20:00 UTC
Federal Reserve tough new rules for mortgage lenders

The US Federal Reserve approved Tuesday measures to give mortgage holders far more protection to prevent the current housing crisis from worsening further. Tough new regulations will ensure lenders take into account a borrower's ability to repay a loan and would not penalize those making early repayments.
Friday, December 14th 2007 - 20:00 UTC
“Illegal Venezuelan agents” attempting to intimidate a witness

The 800,000 dollars cash suitcase scandal extending from Miami to Caracas and Buenos Aires could send three Venezuelans and a Uruguayan, if convicted, to a US federal prison for up to ten years and a 250.000 US dollars fine.
Friday, December 14th 2007 - 20:00 UTC
Main world central banks join to address credit crunch

The United States Federal Reserve, European Central Bank and central banks from the UK, Canada and Switzerland are to jointly help banks deal with the credit crunch. Each has announced that they will provide billions in loans to banks in order to lower interest rates and ease the availability of credit.
Thursday, December 13th 2007 - 20:00 UTC
Greenspan replies to critics who blame him for housing crisis

The U.S. subprime mortgage crisis was an “accident waiting to happen” as a period of unprecedented global growth seduced investors into under-pricing risk, former Federal Reserve Chairman Alan Greenspan argued in an article published by The Wall Street Journal on Wednesday.
Tuesday, December 11th 2007 - 20:00 UTC
Fearing a slowdown the Federal Reserve cut rates to 4.25%

As anticipated by markets and concerned with slower economic growth and softer business and consumer spending the United States Federal Reserve cut on Tuesday the basic interest rate 25 points to 4.25%.