United States

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.
Sunday, January 13th 2008 - 20:00 UTC
IMF sees US economy avoiding a recession and praises the Fed

The International Monetary Fund sees the US economy avoiding recession, despite financial sector turmoil and a housing sector slump. IMF praises actions taken by the US Federal Reserve as “supportive and timely”.
Saturday, January 12th 2008 - 20:00 UTC
US trade deficit in November widens to highest in 14 months

The United States trade deficit widened a sharp 9.3% in November to a larger-than-expected 63.1 billion US dollars, the highest in 14 months, mainly on soaring crude oil costs, reported the US Department of Commerce.
Thursday, January 10th 2008 - 20:00 UTC
US Federal Reserve Bernanke says 2008 outlook worse

Federal Reserve chief Ben Bernanke has said that the outlook for the US economy in 2008 has worsened.
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.