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Climate change to damage US economy, increase inequality

Climate change to damage US economy, increase inequality

The study is the first of its kind to price warming using data and evidence accumulated by the research community over decades.

Asia shares near two-year high as US hi-tech rebound boosts mood

Japan`s Nikkei rose more than 1 percent to a near two-year high on Tuesday, encouraged by rebound in U.S. hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.

US Fed raises rates, unveils balance sheet cuts in sign of confidence

US Fed raises rates, unveils balance sheet cuts in sign of confidence

The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing US economy and strengthening job market.

US economy grows at tepid 1.2%; business spending softens

The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

World stocks hit record after Fed minutes, oil up as OPEC meets

World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.

Fed rate hike marks normalisation of US monetary policy: Fitch

Fed rate hike marks normalisation of US monetary policy: Fitch

The Federal Reserve's move to hike interest rates by 25 basis points, only the third hike in over 10 years and second in 3 months, marks the beginning of a new phase of US monetary policy normalisation, says Fitch Ratings.

US economy added 235,000 jobs in Trump's first full month

US economy added 235,000 jobs in Trump's first full month

US economy added 235,000 jobs in February due to gains in the construction and manufacturing sectors, according to the latest monthly employment report that represents President Donald Trump's first full month in office.

Would continue to engage with Trump admin on H1B issue: India

The government on Thursday tried to assuage concerns of Indian professionals over H1B visa, saying the steps taken by the US were aimed at illegal immigration and it would continue to engage with the Donald Trump administration on the issue.

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.

Top US CEOs call for overhaul of corporate tax code

A group of 16 powerful CEOs in the US today called for an overhaul of the corporate tax code and asked lawmakers to accept the controversial proposal that would reduce cost of exports but heavily penalise imports.

Indian economy projected to overtake US by 2040

Indian economy projected to overtake US by 2040

The global economic order is expected to shift from advanced to emerging economies over the next few decades, and by 2040 India could edge past the US to become the world's second largest economy in purchasing power parity (PPP) terms, says a report.

US job growth slows, but wages rebound strongly

US job growth slows, but wages rebound strongly

US employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.

US manufacturing growth picks up in December: ISM

US manufacturing posted the fourth straight month of faster expansion in December as new orders and output jumped, pointing to a growing economy, the Institute for Supply Management said today.

What the US Fed rate hike really means for emerging markets

What the US Fed rate hike really means for emerging markets

The interest rate hike by the Federal Reserve reflects a strengthening US economy that will benefit emerging market economies but also make them vulnerable to volatile capital flows, Moody's Investors Service said today.

Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets

Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets

The dollar sprinted to a more than 13-1/2 year high against a basket of major currencies on Friday and U.S. debt yields hit near one-year highs on expectations that President-elect Donald Trump`s policies will boost the US economy.

World stocks choke on US election fears, pound powers on

World stocks choke on US election fears, pound powers on

Equity investors froze at the prospect of a tight finish to the US presidential race, with the US S&P 500 sliding for the ninth straight session, its longest fall since 1980.

US economy unemployment rate falls 4.9%

US economy unemployment rate falls 4.9%

The US economy added a solid 161,000 jobs in October while the unemployment rate fell to 4.9%, according to Labor Department figures released on Friday. In a show of steady momentum in the world's largest economy, the department revised upward its jobs reports for the previous two months by a total of 44,000 positions, taking the average for the past three months to a strong 176,000 new jobs.

US economy accelerates to 2.9 percent, hits fastest pace in two years as election looms

US economy accelerates to 2.9 percent, hits fastest pace in two years as election looms

US economic growth accelerated to a 2.9 percent annual rate in the third quarter boosted by a big jump in exports and solid consumer spending, the Commerce Department reported Friday.

Fed's Yellen says ''high-pressure'' policy may be only way back from crisis

The Federal Reserve may need to run a "high-pressure economy" to reverse damage from the crisis that depressed output, sidelined workers and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short.

US factories rebound, resisting global downward pull

US factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of the sluggish global economy.