Fed opens door wider for rate hike, cautions on economy

2015-03-19 05:11

The Federal Reserve has moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections.

US jobs market flexes muscle as Feb payrolls soar

2015-03-08 11:39

US employers have stepped up hiring in February and the jobless rate fell to a 7-year low, which could put pressure on the Federal Reserve to up interest rates in June.

Blizzard shuts down New York City, Northeast

2015-01-27 08:36

A life-threatening blizzard has barrelled into the US Northeast, affecting up to 20% of Americans by making people housebound and halting thousands of flights.

Rand wavers in wake of strong US GDP

2014-12-24 10:26

The rand has weakened against the dollar in what could be a negative trend for the currency going into 2015.

US midterm polls carry high economic stakes

2014-11-04 09:34

The midterm slugfest for control of the US Senate could have far-reaching effects on the economy, with previous fights having shut down the government.

US Fed poised to end bond-buying programme

2014-10-29 10:40

The US Federal Reserve is expected to halt the final $15bn in monthly bond purchases under a programme that once pumped $85bn a month into the financial system.

World Trade Centre to become new business hub

2014-09-10 08:37

New York officials say a completed World Trade Centre complex will create a vibrant district and make Lower Manhattan a business and shopping destination.

US job growth cools, unemployment rate up

2014-08-03 20:19

US job growth has slowed and the unemployment rate unexpectedly rose, pointing to slack in the labour market that could give the Fed room to keep interest rates low.

US economy picks up as job growth surges

2014-07-04 09:28

US employment growth has jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was growing briskly.

US Federal Reserve keeps faith in recovery

2014-06-19 09:17

The Fed has expressed confidence that the US economic recovery is on track and hinted at slightly more aggressive interest rate increases starting next year.


Small US town opens first govt-run pot shop

2015-03-08 18:18

A small town in southern Washington has opened the state's first recreational marijuana store that is both owned and operated by the local government.

Fed upbeat on US economy, keeps rates steady

2015-01-29 08:34

The Federal Reserve says the US economy is expanding "at a solid pace" with strong job gains, signalling it still plans to raise interest rates this year.

US jobless claims rise

2015-01-02 13:00

The number of Americans filing new claims for jobless benefits has risen more than expected, but the trend was consistent with sustained labour market strength.

US third quarter growth hits 11-year high

2014-12-23 16:58

US growth have surged to its highest level in 11 years in the third quarter, surpassing expectations of analysts.

Fed halts bond-buying, keeps rates near zero

2014-10-30 07:50

The US Federal Reserve has voted to end its monthly purchases of government-backed debt and keep its benchmark interest rate near zero.

Yogurt makes NY official snack list

2014-10-20 19:00

Yogurt has become New York's official state snack, joining the likes of popcorn and salty boiled peanuts among popular foods honoured by US states.

Obama announces $33bn in commitments for Africa

2014-08-06 05:59

President Barack Obama has announced $33bn in commitments aimed at shifting US ties with Africa beyond humanitarian aid and toward more equal economic partnerships.

Qatar to buy missiles in $11bn US arms deal

2014-07-15 09:47

Qatar will buy US Patriot missiles for the first time in a major arms deal worth $11bn, officials say, as Washington awaits a decision by the Gulf state on a lucrative fighter jet contract.

European stocks drop, hit by US contraction

2014-06-25 16:44

European stock markets have fallen slightly, with losses accelerating after the US said its economy has recorded its biggest contraction in five years.

US new-home sales dive

2014-04-23 18:15

US new-home sales have dived in March, the second month in a row of slower sales, adding to signs of weakness in the housing market.

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