American economy

US services growth hits 12-year record in September

Growth in the US services sector, a key driver of the American economy, hit a 12-year high last month in the wake of back-to-back hurricanes, a survey released on Wednesday showed.

Oct 04, 2017, 23:33 PM IST
US confirms disappointing growth in 2016

US confirms disappointing growth in 2016

The US Commerce Department on Tuesday confirmed a picture of sluggish growth in 2016, with the world`s largest economy growing at its slowest pace in five years.

Feb 28, 2017, 19:15 PM IST

'Like Modi, next US Prez should outline economic growth plan'

Citing 'Make in India' and 'Start Up India' campaigns for boosting manufacturing and employment, tech giant Cisco's Chairman John Chambers has said the next US President should take a cue from Prime Minister Narendra Modi and outline the plan for growth of the American economy.

May 30, 2016, 11:25 AM IST

Wells Fargo profits dip as it reserves for oil loans

Wells Fargo reported a dip in first-quarter profits Thursday as the drag of lower interest rates and the energy rout offset the benefit of higher overall lending.

Apr 14, 2016, 18:56 PM IST
The talk of US economic decline is political hot air: Barack Obama

The talk of US economic decline is political hot air: Barack Obama

Describing America as the strongest and most durable economy, President Barack Obama Wednesday rejected as "political hot air" the assessment by many that the world's largest economy is on decline.

Jan 13, 2016, 17:36 PM IST

Obama proposes closing tax loopholes on the wealthiest

US President Barack Obama proposed to close tax loopholes for the wealthiest Americans as part of the new economic strategy he plans to unveil in this year's State of the Union address.

Jan 18, 2015, 15:33 PM IST

India less vulnerable to global shocks than before: HSBC

India, which witnessed substantial financial volatility last year over talks of US Fed's plan to taper its bond buying programme to boost American economy, has improved its external balance position and is less vulnerable than before, an HSBC report says.

Nov 21, 2014, 16:46 PM IST

Oil prices down in Asian trade

Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said.

Jun 30, 2014, 09:23 AM IST

Businesses created 8 million new jobs in US: Obama

Barack Obama said that businesses have created over eight million new jobs in America due to his new economic policies.

Jan 16, 2014, 10:46 AM IST

India's holding in US government securities rises to $59.9 bn

India increased its exposure to American government securities to USD 59.9 billion in October, the highest in four months, notwithstanding uncertainties in the world's largest economy.

Dec 17, 2013, 18:08 PM IST

Obama says his administration stabilised American economy

US President Barack Obama has said that his administration has stabilised the country`s economy, which is growing again and producing jobs.

Sep 16, 2013, 11:27 AM IST

US economy starting to pick up steam: Obama

US President Barack Obama Friday said the American economy is starting to pick up steam with the creation of some seven million jobs in the past 38 months.

May 31, 2013, 23:35 PM IST

Key US Senate panel passes landmark immigration reform bill

The bill passed through the key Senate committee only after lawmakers reached a deal on H-1B visa expansion plan.

May 22, 2013, 11:43 AM IST

US economy shrinks 0.1% in Dec qtr; first time in over 3 years

The unexpected contraction adds to the concerns about the struggling global economy which is already battling the European debt turmoil and slowing growth in many developing countries including India.

Jan 30, 2013, 22:40 PM IST

America's deficit problem is more than fiscal: US economist

The US needs to address its budget deficit, but measures to be taken should not bring counterproductive effects as the nation also face jobs and growth "deficits", said Lawrence Summer, a US economist and President Barack Obama's former economic adviser.

Jan 26, 2013, 12:11 PM IST

'American economy added 155,000 jobs in December'

The Bureau of Labor Statistics also revised figures for October down to 137,000 from 138,000 and for November up to 161,000 from 146,000.

Jan 06, 2013, 08:40 AM IST

America’s third quarter economic growth rate revised up to 2.7%

The US economy has grown at an annualized rate of 2.7 percent in the third quarter of the year.

Nov 30, 2012, 12:20 PM IST

'US economy would prevail over Chinese model'

In his book 'Entrepreneurial Nation: Why Manufacturing is Still Key to America's Future' which was released early this year, Khanna profiles 15 successful American manufacturers and highlights their comparative advantage.

Oct 07, 2012, 14:24 PM IST

Eurozone crisis creates a headwind for the global economy: US

Observing that economic performance in Europe is of great importance to the US, the White House has said the Eurozone crisis creates a headwind for the global economy, and as such any trouble there poses a challenge to the American economy.

Jun 06, 2012, 09:01 AM IST

US economy getting stronger, world situation uncertain: Geithner

The American economy is gradually getting stronger and it can be seen across the country, although the situation still remains dangerous and uncertain worldwide, US Treasury Secretary Timothy Geithner has said.

May 16, 2012, 11:08 AM IST