United States

Wednesday, May 28th 2008 - 21:00 UTC
Federal Reserve member decides to return to academia

Federal Reserve Governor Frederic Mishkin will leave at the end of August and return to teaching at Columbia University, the United States central bank announced Wednesday.
Thursday, May 22nd 2008 - 21:00 UTC
American Airlines to charge for checked baggage

With oil prices hitting new records almost daily, the nation's largest air carrier, American Airlines, announced drastic steps Wednesday to “remain viable,” including charging new fees for all checked baggage, slashing domestic flights and laying off thousands of workers.
Wednesday, May 21st 2008 - 21:00 UTC
US monetary policy appears appropriately calibrated, says Fed

The US Federal Reserve injected 75 billion US dollars liquidity into the banking system on Tuesday but a monetary “pause” in the near future is possible as the central bank's interest-rate reductions take effect.
Tuesday, May 20th 2008 - 21:00 UTC
US April wholesale inflation takes short rest in April

United States Producer's Price Index increased 0.2% in April following the big 1.1% jump in March but the improvement is likely to be temporary since during April food prices remained unchanged and energy actually dropped, reported the US Labor Department on Tuesday.
Tuesday, May 20th 2008 - 21:00 UTC
Export strength gives US manufacturing brighter outlook

Hopes for something more than a temporary rebound in the US economy anytime soon could be frustrated, but the manufacturing outlook in particular might be somewhat brighter due to continuing strength in exports, according to a new report.
Friday, May 16th 2008 - 21:00 UTC
Newly reinstated US Navy IV Fleet “poses no threat” to region

The commander of United States Southern Command, Admiral James Stavridis reassured Latin American military chiefs that reinstating the US IV Fleet in the region posed no threat and will respect maritime claims, including offshore oil reserves.
Friday, May 16th 2008 - 21:00 UTC
Bernanke urges banks to continue capital-raising efforts

United States Federal Reserve chairman Ben Bernanke urged financial institutions to remain proactive in their capital-raising efforts as market and economic conditions improve but he also called for better risk management amid “ongoing fragility” in the markets.
Wednesday, May 14th 2008 - 21:00 UTC
US food prices in April soar at fastest rate in 18 years

United States food prices jumped at the fastest pace for 18 years in April, but consumer price inflation still eased. Consumer prices increased 0.2% in the month, down from March's figure of 0.3%, even though food costs jumped by 0.9%, according to Labor Department figures.
Tuesday, May 13th 2008 - 21:00 UTC
US Fed member formally puts inflation as a “key risk”

The president of the US Federal Reserve Bank in Cleveland Sandra Pianalto said Tuesday in Paris that inflation remains a top risk to the economic outlook, but that the Federal Reserve's rate-cutting strategy was likely not to stoke inflationary pressures.
Sunday, May 11th 2008 - 21:00 UTC
Third US bank failure in 2008; regulators to increase staff

The United States ANB Financial National Association Arkansas based banks have been closed by the Office of the Comptroller of the Currency after discovering “unsafe and unsound” business practices there. The Federal Deposit Insurance Corporation has named a receiver.