United States

Friday, November 16th 2007 - 20:00 UTC
Paulson forced to act says US supports “a strong dollar”

A “strong' US dollar is in the US interest and it 'goes without saying' that the currency's value should be set by currency markets”, US Treasury Secretary Henry Paulson said on Friday ahead of this weekend's G20 meeting in South Africa.
Thursday, November 15th 2007 - 20:00 UTC
Fed promises more regular information and less secrecy

The US Federal Reserve will make four economic forecasts each year, up from the current two, which will include more information on overall inflation projections, chairman Ben Bernanke said Wednesday.
Wednesday, November 14th 2007 - 20:00 UTC
US economy cooling with October budget deficit, 55.6 billion

US retail sales and producer price figures have pointed to a weakening of demand in the world's largest economy. The first month of the 2008 federal budget showed a 55.6 billion US dollars deficit.
Tuesday, November 13th 2007 - 20:00 UTC
Stiglitz warns about the Bush years' economy legacy

United States president George W Bush will leave his successor a country in debt up to its ears, a depressed dollar as never seen before and a nation with a class structure closer to that of Mexico or Brazil, according to Nobel laureate Joseph Stiglitz in an article published in the December edition of Vanity Fair.
Saturday, November 10th 2007 - 20:00 UTC
Bernanke anticipates “noticeably” slow growth ahead

Federal Reserve Chairman Ben Bernanke said that a host of economic problems in United States, including the severe housing slump, will cause business growth to slow noticeably in coming months.
Thursday, November 8th 2007 - 20:00 UTC
Chinese “weak currency” curse sends US dollar tumbling

A Chinese official sent the US dollar plunging in markets when he said China would shift more of its huge international reserves into “stronger currencies” such as the Euro to offset “weak” currencies like the dollar.
Thursday, November 8th 2007 - 20:00 UTC
US/Peru trade agreement supported by Democrats

The United States House of Representatives approved Thursday, in a 285 to 132 vote, a long delayed free-trade agreement with Peru, the first such accord passed by Congress since the opposition Democrats won control last year.
Wednesday, November 7th 2007 - 20:00 UTC
Yahoo grilled in US congress over Chinese dissidents' fate

Members of the United States Congress accused Yahoo of lying about its co-operation with the Chinese Government in an incident that led to a dissident's imprisonment, according to The Washington Post.
Monday, November 5th 2007 - 20:00 UTC
Sub-prime mortgage market crisis KO Citigroup CEO

The chairman and chief executive of the Citigroup bank, Charles Prince, has resigned and will be replaces by former US Treasury Secretary Robert Rubin it was announced.
Monday, November 5th 2007 - 20:00 UTC
Merrill Lynch, pioneer in sub-prime packaging sacks CEO

The United States bank Merrill Lynch said that CEO Stan O'Neal had retired with immediate effect, in a move that followed intense media speculation following calls for his departure after the firm was forced to admit a 7.9 billion US dollars exposure to bad debt.