United States

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%.
Thursday, December 6th 2007 - 20:00 UTC
Bush announces plan to shield vulnerable homeowners

United States President George W Bush outlined plans on Thursday to freeze rates on sub-prime mortgages for five years to help people hit by the US housing market crisis.
Tuesday, December 4th 2007 - 20:00 UTC
Bush and Garcia hail approval of US/Peru free trade agreement

The United States/Peru free trade agreement on Tuesday cleared Congress and was ready for President George W. Bush signature, a victory for the US and Peruvian embattled leaders.
Monday, December 3rd 2007 - 20:00 UTC
US Treasury Secretary optimistic about aid plan for homeowners

United States mortgage lenders and regulators are close to finalizing an aid plan for homeowners hit by the credit crunch, US Treasury Secretary Henry Paulson said on Monday during a housing conference in Washington.
Wednesday, November 28th 2007 - 20:00 UTC
US farmers agree to tariff cuts if world markets are opened

A long-awaited world trade deal will remain out of reach until developing countries agree to open their markets to more United States farm goods, the head of the largest US farm organization said yesterday.
Wednesday, November 21st 2007 - 20:00 UTC
US mortgage defaults to worsen in 2008, warns Paulson

United States Treasury secretary Henry Paulson said mortgage defaults will worsen in 2008 and lenders should act “aggressively” to offer new loan terms to avert an economic calamity, the Wall Street Journal online said.