United States

Wednesday, February 11th 2009 - 20:00 UTC
Geithner unveils 1.5 trillion bail-out plan and toxic fund

Treasury Secretary Timothy Geithner has unveiled a comprehensive bank bail-out plan worth at least 1.5 trillion US dollars. Under the plan, the size of a key Federal Reserve lending program will be expanded to 1 trillion from 200 billion.
Tuesday, February 10th 2009 - 20:00 UTC
China's January car sales overtake US, leading world market

China car sales topped the US for the first time last January totalling 735,500, a 14% drop, the China Association of Automobile Manufacturers said on Tuesday in an e-mailed statement today. That compares with a 37% plunge to 656,693 in the US, the world's largest auto market last year.
Tuesday, February 10th 2009 - 20:00 UTC
Now Congress two houses must match Obama stimulus plan

The US Senate has passed an economic stimulus plan expected to cost some 838 billion US dollars. The Democratic-controlled Senate voted 61-37 to approve the measure, with few Republicans opting to back it.
Tuesday, February 10th 2009 - 20:00 UTC
UK bank bosses told Parliament they are “profoundly sorry”

Former bosses at bailed-out banks Royal Bank of Scotland (RBS) and HBOS have said they are “profoundly sorry” and admitted they under-estimated the extent of the financial crisis.
Monday, February 9th 2009 - 20:00 UTC
Bilateral trade talks between EU and each Andean country

Delegates from Colombia, Ecuador and Peru begin Monday in Bogotá the first round of negotiations to reach a trade agreement with the European Union which should be completed by mid year.
Friday, February 6th 2009 - 20:00 UTC
US lost 598.000 jobs during January; unemployment, 7.6%

The US unemployment rate rose to 7.6% in January, up from 7.2% in December, according to official figures released on Friday. The rise puts the unemployment rate at the highest level since 1992.
Thursday, February 5th 2009 - 20:00 UTC
US Senate softens controversial “Buy American” clause

The US Senate has voted to soften a controversial “Buy American” clause in an economic recovery package, after warnings it might spark a trade war. The clause had sought to ensure only US iron, steel and manufactured goods were used in projects funded by the bill.
Wednesday, February 4th 2009 - 20:00 UTC
“Buy American” adds protectionism fears to global crisis

United States President Barack Obama has said he wants to avoid economic stimulus measures that would signal protectionism or spark a trade war. Mr Obama was responding to international criticism of a “Buy American” clause in the 800 billion US dollars economic recovery package.
Wednesday, February 4th 2009 - 20:00 UTC
Fed extends currency swap lines to Brazil and Mexico

The extension of a US Federal Reserve currency swap line to Brazil shows confidence in South America's largest economy, Central Bank President Henrique Meirelles said on Tuesday.
Wednesday, February 4th 2009 - 20:00 UTC
Salary cap and perks disclosure for US bailed out companies

US President Barack Obama announced Wednesday his government will impose a salary cap of 500,000 US dollars for senior executives at companies receiving federal economic bailout funds.