United States

Tuesday, August 19th 2008 - 21:00 UTC
US July producer prices at their highest in 27 years

United States wholesale prices rose more than twice as fast as expected in July and topped the 1% level for the third month in a row, 1.2%, to become the highest in 27 years, according to statistics released Tuesday by the US Department of Labor.
Monday, August 18th 2008 - 21:00 UTC
June trade figures confirm EU economy slowing down

The trade deficit of the 15-nation Euro zone shrank sharply in June to 101 million Euros, but failed to meet forecasts, according to data released Monday by Eurostat.
Sunday, August 17th 2008 - 21:00 UTC
Obama plans to visit Mexico, Brazil and Chile before election

Chile, Brazil and Mexico are among the countries which could be visited by United States presidential candidate Barack Obama before the November election, following on recommendations for a Latinamerican tour from his political advisors.
Sunday, August 17th 2008 - 21:00 UTC
NY prosecutors make banks repay billions for misselling

New York State's attorney general has threatened to sue Merrill Lynch for misrepresenting certain debt investments as safer than they were. Andrew Cuomo said that legal action against the US bank was “imminent” after it failed to settle charges of mis-selling with regulators.
Friday, August 15th 2008 - 21:00 UTC
Relief: USDA hikes world grains production estimates

The US Department of Agriculture corrected upwards its estimate of world production of grains for 2008/09 which should total 2.190,61 million tons, up from the previous 2.164,97 million tons.
Thursday, August 14th 2008 - 21:00 UTC
US July inflation soars to highest in almost two decades

United States consumer prices rose by 5.6% in the year to July, the fastest inflation rate for almost two decades figures show. US Labor Department reported consumer prices rose 0.8% last month after jumping 0.6% in May and 1.1% in June. The July number was double what economists had predicted.
Wednesday, August 13th 2008 - 21:00 UTC
US surprises: trade deficit down; budget shortfall up

Good and bad news from United States: while the June trade deficit helped by strong farm and manufacture goods exports fell to an unexpected 56.8 billion US dollars, the July federal budget deficit soared to 102.8 billion pushed by the economic stimulus payments and more outlays to protect depositors from failed banks.
Thursday, August 7th 2008 - 21:00 UTC
Congress estimates US budget deficit of 400 billion

The United States budget deficit is expected to reach 400 billion US dollars in 2008, according to estimates from the Congressional Budget Office.
Wednesday, August 6th 2008 - 21:00 UTC
US mortgage defaults climb and house prices keep sinking

Freddie Mac, which offers funding for a huge proportion of United States mortgages, has posted a quarterly loss amid continued problems in the housing market. As mortgage defaults climb and house prices sink, it made a loss of 821 million US dollars in the three months to the end of June, down from a profit of 729 million.
Tuesday, August 5th 2008 - 21:00 UTC
US June inflation hits 0.8%, highest since February 1981

Consumer spending in the United States slowed in June, while inflation in June was the highest since 1981. Inflation-adjusted spending fell 0.2% in June, according to the US Commerce Department.