US Commerce Department

ZTE removed from US trade blacklist

The US Commerce Department will remove Chinese telecom equipment maker ZTE Corp from a trade blacklist after the company admitted to violating sanctions on Iran, the Commerce Department said in a notice made public on Tuesday.

Mar 29, 2017, 09:06 AM IST

US trade deficit grows as exports hit 3-year low

The trade gap widened to $43.9 billion in October from an upwardly revised September reading of $42.5 billion.

Dec 04, 2015, 19:20 PM IST

US economy rebounds at mild pace in Q2

The US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.

Jul 31, 2015, 11:19 AM IST

US economy grew 2.3% in second quarter

The US economy picked up sharply in the second quarter, boosted by increased consumer spending and exports after a tepid first quarter, the Commerce Department reported Thursday.

Jul 30, 2015, 18:51 PM IST

US economy contracted 0.7% in first quarter

The US economy contracted at an annual rate of 0.7 percent in the first quarter of this year, the Commerce Department said Friday in a revised GDP estimate.

May 29, 2015, 19:02 PM IST

US economic growth slows in Q4; corporate profits fall

Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast last month. 

Mar 27, 2015, 21:11 PM IST

US jobless rate falls to 5.6% in best year since 1999

Together with upward revisions of the previous two months -- 50,000 more jobs than previously reported -- December rounded out the best year for job generation in 15 years, with almost three million net new jobs added.

Jan 10, 2015, 03:45 AM IST

US housing starts fall in November

Private housing starts fell 1.6 percent from October to an annual rate of 1.028 million, the Commerce Department reported.

Dec 16, 2014, 20:01 PM IST

US consumer spending, income pick up in August

Consumer spending, the main engine of the US economy, rose 0.5 percent in August after no change in July, revised from a 0.1 percent decline.

Sep 29, 2014, 19:03 PM IST

US growth quickest in 2-1/2 years on business spending, exports

The US economy grew at a robust annual rate of 4.6 percent in the second quarter, stronger than previously estimated, the Commerce Department reported on Friday.

Sep 26, 2014, 18:23 PM IST

US economy grew at robust 4.2% pace in 2nd quarter

The US Commerce Department raised its estimate for US economic growth to 4.2 percent Thursday, confirming the solid rebound from the first quarter`s steep contraction.

Aug 28, 2014, 22:22 PM IST

US hiring remains strong in July

The US economy generated 209,000 new jobs in July, down from June but maintaining a solid 200,000-plus monthly streak since February, the Commerce Department said.

Aug 02, 2014, 05:07 AM IST

Exim Bank inks trade facilitation pact with US body

The agreement was signed at an event addressed by visiting US Commerce Secretary Penny Pritzker in the financial capital.

Jul 30, 2014, 20:23 PM IST

US GDP growth rebounds to 4% in 2nd quarter

Private investment soared 17.0 percent in the second quarter, after shrinking 6.9 percent in the previous period. Investment was strong in both equipment and homes.

Jul 30, 2014, 18:49 PM IST

US trade deficit falls in May

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

Jul 03, 2014, 19:18 PM IST

US economy shrank 2.9% in first quarter: Govt

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

Jun 25, 2014, 18:34 PM IST

US economy contracts in first quarter on inventories, trade

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

May 29, 2014, 18:57 PM IST

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

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

Mar 16, 2014, 15:29 PM IST

US to relinquish key oversight role for Internet

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

Mar 15, 2014, 09:30 AM IST

US economy grew 3.2% in fourth quarter

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.

Jan 30, 2014, 19:33 PM IST