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Strong Indo-US ties to strengthen both economies: White House

Strong Indo-US ties to strengthen both economies: White House

Strong economic relations between the United States and India can create employment opportunities in both the countries and strengthen their economies, a vision shared by both President Barack Obama and Prime Minister Narendra Modi, the White House has said.

US stocks end mixed after GDP report

US stocks closed mixed for a fourth straight day on Friday, as the advance estimate on the country's second-quarter economic growth came in worse than expected.

Fed leaves rates unchanged but says US economy improving

The Federal Reserve on Wednesday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

Policy makers had not been expected to raise rates, out of concern that a hike could stifle fragile growth. 

Pro-Brexit vote could have significant economic repercussions: Janet Yellen

Pro-Brexit vote could have significant economic repercussions: Janet Yellen

Warning of the fallout on markets, Federal Reserve Chair Janet Yellen said on Monday that the global economy if Britain votes to leave the European Union in the June 23 Brexit referendum.

US hiring stalls in May; Fed rate hike in question

The Labor Department said Friday that the US economy generated a paltry 38,000 net new positions in May.

Fed signals interest rate hike firmly on the table for June

U.S. Federal Reserve officials said it would be appropriate to raise interest rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment, according to minutes from their policy meeting last month.

US dollar snaps six-day winning streak

The greenback was also supported by recent upbeat remarks from several Federal Reserve officials about the US economy.

Gold price slips as dollar holds firm after US jobs data

Gold price slips as dollar holds firm after US jobs data

Spot gold edged lower on Monday, but remained supported in the face of a firm dollar as investors bet a weaker US payroll report would push out the timing of any rate hike.

US added 160,000 jobs in April; jobless rate 5%

This is the weakest gain since September, which The Wall Street Journal said is a sign that employers may be turning cautious after the economy slowed early in the year.

US economy expands 0.5% in Q1, slowest in two years

US economy expands 0.5% in Q1, slowest in two years

The US economy grew at an annual rate of 0.5 percent in the first quarter of this year, pulled back by slowing consumption, the commerce department said on Thursday.

Oil prices rise on optimism over supply, Doha meeting

Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand.

US stocks flat ahead of Janet Yellen, jobs data; Nikkei gains

Wall Street stocks finished little changed Monday at the start of a heavy week of US economic news, while Japanese stocks benefited from a fall in the yen.

US stocks extend gains after Fed statement

US stocks ticked up as investors assessed the US Federal Reserve's policy announcement as well as oil recovery.

US Federal Reserve keeps interest rates unchanged

The US Federal Reserve kept its benchmark short-term interest rates unchanged as widely expected, noting that "global economic and financial developments continue to pose risks" to the US economy.

US Fed holds rates steady as economy grows despite global risks

US Fed holds rates steady as economy grows despite global risks

The Federal Reserve held interest rates steady on Wednesday, but indicated that moderate US economic growth and "strong job gains" would allow it to resume tightening monetary policy this year.

Half of American kids live near poverty line: Report

Half of American kids live near poverty line: Report

The report by researchers from the National Centre for Children in Poverty (NCCP) at Columbia University illustrates the severity of economic instability and poverty conditions faced by more than 31 million children throughout the US.

US economy grew surprise 1% in 4th quarter

US economy grew surprise 1% in 4th quarter

The US economy grew stronger than expected in the fourth quarter of 2015, but still was sluggish heading into the new year, government data showed Friday.

Janet Yellen says no negative interest rates in store for US

Janet Yellen says no negative interest rates in store for US

Janet Yellen said Thursday that the Federal Reserve had no plans to move toward negative interest rates, following the Swedish central bank`s rate cut deep into negative territory.

Janet Yellen warns of domestic, global risks to US economy

Janet Yellen warns of domestic, global risks to US economy

Expressing concerns that were not nearly as pronounced the last time she spoke publicly in December, Yellen said in prepared testimony to Congress that the outlook for the US economy had become more cloudy.

In final budget, Barack Obama proposes tax hike for wealthy Americans

In final budget, Barack Obama proposes tax hike for wealthy Americans

In his budgetary proposals running into 170 pages, Obama said the Department of Defence continues to develop its India ties through Defence Technology and Trade Initiative, Joint Working Group on Aircraft Carrier Technology Cooperation, and Jet Engine Technology Joint Working Group.