United States

Monday, February 4th 2008 - 20:00 UTC
US campaign frenzy ahead of 'Super Tuesday' vote

Exhausted White House hopefuls launched one last frenzied day of campaigning before a 24-state “Super Tuesday” - the biggest one-day White House nominating contest in history.
Sunday, February 3rd 2008 - 20:00 UTC
Recession in the air: first decline in US jobs since August 2003

United States has seen the first decline in employment since August 2003, providing fresh evidence that the US economy could be entering a recession. Employers cut 17,000 jobs from their payrolls in January, Labor Department figures showed. Economists had been expecting a rise of 80,000.
Friday, February 1st 2008 - 20:00 UTC
Obama, Clinton smooth over spats in Hollywood debate

The historic choice for the Democratic presidential nominee came into clear focus at the final Democratic debate Thursday between the two candidates left standing - Barack Obama and Hillary Clinton - who smoothed over their recent spats and turned most of their attacks on Republicans.
Thursday, January 31st 2008 - 20:00 UTC
US economy and consumer confidence weakening rapidly

United States economic growth fell sharply in the last three months of 2007 as the credit crunch took effect, according to the latest figures from the Department of Commerce. Overall growth rate in 2007 was 2.2%, the weakest since 2002.
Thursday, January 31st 2008 - 20:00 UTC
FBI and SEC probe into the sub prime mortgage crisis

The FBI is investigating at least fourteen companies embroiled in the sub-prime mortgage crisis as part of a crackdown on improper lending and inside information according to The Wall Street Journal.
Wednesday, January 30th 2008 - 20:00 UTC
Fed cuts rate to 3%, but negative US data softens impact

The Federal Reserve has cut interest rates for the second time in nine days in a further attempt to keep the United States economy from entering a recession. However a barrage of negative data on US growth, housing and employment seems to have watered the reaction from markets.
Tuesday, January 29th 2008 - 20:00 UTC
Bush admits US economy slowdown and “uncertainty”

United States President George W Bush urged his fellow citizens on Monday to have confidence in their economy in the long-term as he gave his seventh and final State of the Union address in Capitol Hill.
Thursday, January 17th 2008 - 20:00 UTC
KO Merrill Lynch rescued by Kuwait, Korea, Saudi & others

Wall Street banking giant Merrill Lynch unveiled on Thursday a huge net loss of 7.8 billion US dollars for 2007, compared to a net profit of 7.5 billion in 2006. The loss includes a massive 14.1 billion write-down on failed investments related to sub-prime mortgages.
Thursday, January 17th 2008 - 20:00 UTC
Fed support for “quick” stimulus support package

Federal Reserve chairman Ben Bernanke on Thursday backed the introduction of emergency economic measures aimed at helping the US economy avoid recession.
Wednesday, January 16th 2008 - 20:00 UTC
Energy and food push US inflation to highest in 17 years

Inflation in United States for all of 2007 hit the highest rate for 17 years as surging energy and food costs pushed up prices according to the US Labor Department latest release.