United States

Wednesday, March 26th 2008 - 21:00 UTC
United States economic misery continues

The US economy is continuing its economic downturn although it would be “premature” to officially declare a recession, the Organisation for Economic Co-operation and Development (OECD) has said.
Tuesday, March 25th 2008 - 21:00 UTC
USDA: Raising a child to adulthood costs 204.000 US dollars

Middle income families in United States should calculate that raising a child born in 2007 to adulthood will demand an estimated 204.060 US dollars in food, housing and education costs, according to an annual report from the US Department of Agriculture.
Monday, March 24th 2008 - 21:00 UTC
US bakers warn about high wheat prices and shortages

United States bakers are feeling the pinch of higher wheat prices and have been visiting Washington warning about the possible consequences for the US consumer if the current price level persists, reports FarmPolicy.com (*).
Friday, March 21st 2008 - 21:00 UTC
OECD forecasts US economy zero growth in second quarter

United States economic growth is grinding to a halt, but the Euro zone is doing relatively well so far, according to the latest assessment from the Organisation for Economic Cooperation and Development.
Thursday, March 20th 2008 - 21:00 UTC
“Fed rate cuts will not make difference” warns Stiglitz

Nobel Prize winning economist Joseph Stiglitz said the current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference.
Tuesday, March 18th 2008 - 21:00 UTC
Fed cuts rates to 2.25% and Paulson denies recession

The Federal Reserve cut US interest rates sharply (0.75%) in an attempt to restore confidence to nervous financial markets and boost the ailing economy. However the cut was smaller than markets expected and the rate now stands at 2.25% (down from 3%), almost at inflation level.
Tuesday, March 18th 2008 - 21:00 UTC
US has always had “a good relation with Venezuela”, says Rice

United States has no enemies in Latinamerica, said US Secretary of State Condoleezza Rice who also praised regional leaders' role in downplaying the impact of the incident and tension between Colombia and Ecuador.
Monday, March 17th 2008 - 21:00 UTC
Fed takes new steps to ease crisis

Worry about the damage a growing credit crisis is inflicting on an ailing U.S. economy led the Federal Reserve to make a rare weekend move, lowering a key lending rate before Wall Street opened Monday.
Friday, March 14th 2008 - 21:00 UTC
Fed bails out leading Wall Street bank: who's next?

One of the United States leading investment banks, Bear Stearns received on Friday emergency funding, in a move that raises fears that one of Wall Street's biggest names is on the verge of collapsing.
Tuesday, March 11th 2008 - 21:00 UTC
US cruise passengers to be reimbursed “fuel surcharges”

One of the world's top cruise operators has agreed to reimburse US passengers for fuel surcharges that were not adequately disclosed, the Florida attorney general announced Monday.