United States

Wednesday, May 9th 2007 - 21:00 UTC
Fed leaves rates unchanged at 5.25% but main “concern” is inflation

In a move widely expected the United States Federal Reserve kept its main interest rate on hold at 5.25%, but warned that its predominant policy concerns remains “the risk that inflation will fail to moderate as expected”.
Friday, April 27th 2007 - 21:00 UTC
Euro Sets New Record High Vs. Dollar After Weak U.S. GDP

The dollar fell to an all-time low against the euro Friday, after a government report showed the U.S. economy slowed to a real annualized growth rate of 1.3% in the first quarter, marking the weakest expansion in four years.
Tuesday, April 24th 2007 - 21:00 UTC
United Nations welcomes New York City “green” initiative

Plans unveiled by New York City Mayor Michael R. Bloomberg on Earth Day to reduce the strain on natural resources such as water, air and land were warmly embraced by officials with the United Nations department that promotes sustainable development.
Tuesday, April 24th 2007 - 21:00 UTC
US housing market problems persist: March sales down 8.4%

Sales of second hand United States homes fell 8.4% in March, the sharpest month-on-month drop for 18 years according to data from the National Association of Realtors released on Tuesday.
Monday, April 23rd 2007 - 21:00 UTC
Wolfowitz “damaged his own credibility” and is urged to resign

Senior former World Bank employees have urged beleaguered president Paul Wolfowitz to resign arguing he can no longer be an effective leader. Wolfowitz has admitted having helped his girlfriend win a promotion and pay rise.
Sunday, April 22nd 2007 - 21:00 UTC
US and EU add efforts in support of a “strong dollar”

United States Treasury Secretary Henry Paulson weekend statements in support of a “strong dollar” don't seem to have convinced markets as the greenback looks ready to slide past a two year low against the Euro.
Saturday, April 21st 2007 - 21:00 UTC
US and EU “need to cede power” in World Bank and IMF

United States and the European Union need to adapt to global changing economic reality and for their own good give up their leadership monopolies at the World Bank and the International Monetary Fund, according to a report from the Atlantic Council of the United States.
Wednesday, April 18th 2007 - 21:00 UTC
Uruguayan engineer plays dead and is saved from Virginia killings

Uruguayan engineer Guillermo Colman will probably not want to tell about his odyssey during the Monday Virginia Technical University carnage when he saved his life on two occasions playing dead.
Tuesday, April 17th 2007 - 21:00 UTC
US economy forecasted to undergo mid cycle pause

IMF Managing Director Rodrigo Rato forecasted that the world economy faces another solid year of growth in 2007, estimated in 5%, and underlined the fact that the world is less dependent on the United States economy.
Tuesday, April 17th 2007 - 21:00 UTC
US: Fuel cost pushes retail prices but core inflation decreasing

A jump in fuel prices pushed the United States March retail prices index to its highest in twelve months, 0.6%. However the good news is that core inflation which excludes energy and food costs rose by 0.1%, down from 0.2% in February and 0.3% in January.