United States

Tuesday, January 15th 2008 - 20:00 UTC
Citigroup record losses and cash injection promises

The US largest banking organization Citigroup has reported record 9.83 billion US dollars net loss for the last three months of 2007. Chief executive Vikram Pandit said Tuesday the loss had been caused by 18.1 billion US dollars exposure to bad mortgage debt and was “clearly unacceptable”.
Tuesday, January 15th 2008 - 20:00 UTC
Greenspan says the US is “in or about to enter a recession”

United States is probably in or about to enter a recession, former Federal Reserve Chairman Alan Greenspan said in an interview with The Wall Street Journal. The odds are “not overwhelming but they are marginally in that direction” of recession.
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.