United States

Wednesday, September 10th 2008 - 21:00 UTC
Lehman almost KO and no “white knight” on sight

Troubled US investment bank Lehman Brothers has reported a massive third quarter net loss and outlined radical plans to strengthen its finances.
Monday, September 8th 2008 - 21:00 UTC
IMF praises US decision to take over mortgage agencies

The United States government decision to place its leading mortgage agencies into conservatorship “will help support markets and by extension the economic and financial situation” said International Monetary Fund Managing Director Dominique Strauss-Kahn in a Monday release.
Sunday, September 7th 2008 - 21:00 UTC
US government takes control of mortgage guarantee system

President George Bush announced mortgage giants Freddie Mac and Fannie Mae have been taken over because they posed “an unacceptable risk” to the economy. The two companies account for nearly half of the outstanding mortgages in the US, and have lost billions of dollars during the US housing crash.
Friday, September 5th 2008 - 21:00 UTC
US economy “weak, soft or subdued”, says Federal Reserve

The US economy is facing slow growth and higher prices, according to the most recent survey by the Federal Reserve. Economic activity was “weak, soft or subdued” across the country, said the Fed's latest Beige Book report.
Wednesday, September 3rd 2008 - 21:00 UTC
Troubled icon US investment bank ready for takeover

Troubled US investment bank Lehman Brothers has several parties interested in buying into the cash strapped institution according to Wall Street analysts. These include the state controlled Korea Development Bank and Europe's biggest bank HSBC Holdings together with a Chinese bank.
Tuesday, September 2nd 2008 - 21:00 UTC
Hurricane Gustav downgrade eases oil price

Oil prices have fallen after weather forecasters said Hurricane Gustav had weakened as it hit the US Gulf of Mexico coast south-west of New Orleans.
Monday, September 1st 2008 - 21:00 UTC
New Orleans: Ghost town awaits Hurricane Gustav

Hurricane Gustav began to lash the southern Louisiana coastline early Monday as it moved closer to an expected midday landfall, according to the National Hurricane Center in Miami.
Sunday, August 31st 2008 - 21:00 UTC
New Orleans Mayor Orders Evacuation as Gustav Reaches Gulf

The mayor of New Orleans has issued a mandatory evacuation order for the entire city, as Hurricane Gustav bears down on the US Gulf Coast.
Thursday, August 28th 2008 - 21:00 UTC
Barak Obama officially nominated by acclamation

Barack Obama made history as he became the first African-American to win the presidential nomination of a major US political party.
Thursday, August 28th 2008 - 21:00 UTC
US economy surprise: 3.3% expansion in second quarter

The US economy grew at a revised 3.3% annually in the second quarter of 2008, said on Thursday the Commerce Department, much higher than the original estimate of 1.9%.