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US trade deficit falls in May

Last Updated: Thursday, July 03, 2014, 19:18

In April, the US trade deficit had hit its highest level in two years.

US economy shrank 2.9% in first quarter: Govt

Last Updated: Wednesday, June 25, 2014, 18:34

The contraction in the world`s largest economy was the steepest since the 2009 first quarter.

US economy contracts in first quarter on inventories, trade

Last Updated: Thursday, May 29, 2014, 18:57

The government had previously estimated GDP growth expanding at a 0.1 percent rate.

IBM says it has not given client data to the US government

Last Updated: Sunday, March 16, 2014, 15:29

IBM is one of several U.S. tech companies hit by the growing government spying scandal.

US to relinquish key oversight role for Internet

Last Updated: Saturday, March 15, 2014, 09:30

The move "marks the final phase of the privatisation" of the Internet domain system, a statement said.

US economy grew 3.2% in fourth quarter

Last Updated: Thursday, January 30, 2014, 19:33

The US economy grew at an annual rate of 3.2 percent in the 2013 fourth quarter, slightly stronger than expected despite the partial government shutdown, official data released Thursday showed.

US housing starts retreat in December from 5-year high

Last Updated: Friday, January 17, 2014, 22:17

US housing starts dived almost 10 percent in December from a five-year high.

US consumer prices fall slightly in October

Last Updated: Wednesday, November 20, 2013, 23:26

The fall in gasoline prices was the main reason for October`s decline, the Commerce Department reported.

US economy clocks 2.8% growth in third quarter

Last Updated: Thursday, November 07, 2013, 21:17

The US economy grew at an annual rate of 2.8 percent in the third quarter, the government said Thursday in a report that revealed weakness in key consumer spending.

US consumer prices up 0.2% in September

Last Updated: Wednesday, October 30, 2013, 19:01

US consumer prices rose 0.2 percent in September mainly driven by energy costs, as inflationary pressures in the economy remained suppressed, the Commerce Department said Wednesday.

Obama names Indian-American to key trade job

Last Updated: Saturday, October 05, 2013, 13:32

US President Barack Obama has named yet another Indian American, Kerala University physics graduate Arun M. Kumar, to lead the trade promotion arm of the US Commerce Department charged with helping US companies succeed in markets around the world.

Barack Obama names Indian-American to key trade job

Last Updated: Saturday, October 05, 2013, 09:34

US President Barack Obama has named yet another Indian American, Kerala University physics graduate Arun M Kumar, to lead the trade promotion arm of the US Commerce Department.