US Productivity Growth To Slow in 2011
The United States productivity growth will slow substantially in 2011 and could even fall below the rate in the euro area, The Conference Board reported on Monday.
Focus on US as China's Hu rejects demand for yuan's rise
Chinese President Hu Jintao, who will arrive in the U.S. on Tuesday for a state visit, rejected Washington’s demand for an appreciation of the Chinese currency, and debunked what he called was a “zero-sum Cold War mentality” while calling for broader cooperation with the U.S. on a range of issues. The focus during the three-day state visit, and beyond that, for that matter, will be on if Washington is prepared to act more sternly to make the Chinese let their currency appreciate.
China's Hu upbeat, but resists US yuan concerns
Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.
Obama's call to ease travel restrictions to Cuba draws criticism
As President Barack Obama vowed to loosen the travel restrictions on US citizens for traveling to Cuba, his decision has drawn criticism from Cuban-American senators.
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US inflation nudged up 0.5 pct in Dec.
U.S. inflation increased a marginal 0.5 percent in December on a seasonally adjusted basis, helping annual inflation rate to rise to a seven-month high, while core prices nudged up by 0.1 percent.
Google's ITA acquistion plan under threat from US antitrust motion
The fulfillment of Google's dream to rule the sky which neared reality with its $700 million acquisition of ITA Software may fail as the U.S. Department of Justice gears up to file an antitrust motion to block the deal.
US Futures to Open Lower; JPMorgan Eyed
US futures are set to open lower on Friday after a disappointing jobless claims data, which could weigh on sentiment.
Energy stocks outperformed market indices in 2010: IHS Report
2010 was a “wonderful year” for energy investors, as more than 65 percent of oil and gas stocks delivered positive returns over the year, IHS Global Insight has said in a report released on Thursday.
US producer prices rose 1.1 pct in Dec.
The Producer Price Index (PPI) for finished goods rose a seasonally adjusted 1.1 percent in December, marking a sixth week of rise, the U.S. Bureau of Labor Statistics said on Thursday.
US initial jobless claims continue to rise
The number of people claiming unemployment benefits continued to rise for the second week, according to a report by the U.S. Labor Department.
US to press China on yuan, economy ahead of Hu visit
The United States wants a real, demonstrative commitment from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahead of next week's state visit by China's Hu Jintao.
US stocks gain as European debt concerns ease
The S&P 500 Index gained 3.69 points, or 0.29 percent, to trade at 1,278.17 at 9.30 a.m. EDT. The Dow Jones Industrial Average rose 32.93 points, or 0.28 percent, to trade at 11,704.81. The Nasdaq Composite Index advanced 11.50 points, or 0.42 percent, to 2,728.49.
US to sell $26 billion worth of weapons to debt-hit Iraq
For the U.S., however, the Iraqi plan to buy billions of dollars of weapons will only be small consolation for the dismal turn of events in the last week. Muqtada al-Sadr, one of the fiercest anti-US warlords in Iraq whom the U.S. failed to annihilate, returned to Iraq after years and called for intensification of the war against Washington. That despite the hundreds of billions of dollars spent and thousands of lives lost defending an intangible moral high ground as if it were!
Four major risks to US economic recovery in 2011
The extra fiscal stimulus in the form of tax cuts approved in December could produce a 4 percent growth rate for the U.S. economy in the first half of 2011, but there are lingering risks that could lead to a cold shower in 2012, according to the American Enterprise Institute (AEI).
Two US Fed banks wanted discount rate hike: minutes
Directors of Federal Reserve banks in Dallas and Kansas City again requested, unsuccessfully, a 0.25 percent rise in the rate charged to banks for emergency loans, minutes of Fed meetings in November and December showed on Tuesday.
US stocks advance on earnings, Japan's eurozone support
US stocks advanced in early trade on Tuesday as Alcoa kicked off the earnings season by beating forecasts, while Japan’s pledge to buy eurozone bonds eased concerns about eurozones debt.
Brazil’s ‘currency war’ rhetoric is phoney
Brazil's Finance Minister Guido Mantega has accused the United States of engaging in currency manipulation, and said his country would raise this issue at the World Trade Organization (WTO), adding that the U.S. and Chinese policies are fomenting a trade war.
UK's Cameron urges ambassadors to 'sell Britain'
Britain now intends to focus on growth as Prime Minister David Cameron urged the importance of trade to the country's business ambassadors. Cameron urged the ambassadors to 'sell Britain' to the rest of the world, and emphasized on the importance of growth.
China’s forex holdings rise to record $2.85 trillion
Statistics released by the People’s Bank of China on Tuesday showed the Chinese forex kitty is bursting at seams with an 18.6 percent growth in 2010 which made it zoom to a record $2.85 trillion.
US anti-corruption official in Afghanistan quits
Arnold Fields, who was in-charge of investigating corruption from the United States, has resigned.
Proposed Online ID System Raises Privacy Concerns
Some privacy advocates say a U.S. Department of Commerce-proposed system for smoother identification of people on the Internet could create as many problems as it is designed to solve.
Japan a Facebook laggard; Indonesia has more Facebookers than UK
Socialbakers, which specialize in monitoring the Facebook platform, has revealed some interesting Facebook statistics. Perhaps the most surprising finding is that Japan, whose renown as a technology pioneer is unparalleled, is lagging way behind most countries in terms of Facebook penetration.
US futures decline, Alcoa eyed
Futures on major U.S. stock indices point to lower opening on Monday with futures on the S&P 500 down 0.58 percent, futures on the Dow Jones Industrial Average down 0.42 percent and Nasdaq100 futures down 0.40 percent.
Analysis: US unemployment recovery in December just an abberation?
Many of the U.S. economic indicators, including the unemployment data on Friday, over the past few weeks have given rise to the false belief that the economy is finally improving.
Twitter takes WikiLeaks subpoena public; Google, Facebook under scrutiny
Twitter's fight to make public the fact that it has been subpoenaed by the U.S. government seeking details about all WikiLeaks-related accounts has now put the light on other internet majors such as Google Inc and Facebook.
2011 spells desperate search for rare earth minerals
The recent spate of energy diplomacy between china and United States have resulted in China slash export quotas of rare earth mineral by half in 2011.
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