Economy Live

The Federal Reserve policymakers voted unanimously to keep interest rates unchanged in an expected move. However, they acknowledged that the nation's economy is under pressure from the housing sector's painful slump. While signaling that inflation...

Construction of new homes in US rebounded last month after witnessing a sharp decline in January. At the same time, building permits continued to fall, an indication that housing state of affairs have not yet strike bottom. The US Commerce...

Federal Reserve Chairman Ben Bernanke is expected to strike a comforting tone concerning the country's economic health despite unrelenting worries that problems with risky mortgages could spread. Fed policymakers have started a two-day meeting on...

The U.S. current account deficit hit a record high for the fifth straight year in 2006 despite of the fact that the imbalance in the fourth quarter narrowed, the Commerce Department reported on Wednesday. The current account deficit shot up by 8.2...

In February, China's exports of goods surged 52 percent against last year to $82.10 billion, at the same time imports increased 13 percent to $58.34 billion, according to customs figures released yesterday. The latest data suggests that the...

The U.S. trade deficit narrowed by 3.8 percent in January to $59.1 billion as the country's exports surged to an all-time high, the Commerce Department reported on Friday. The Department of Commerce announced that total January exports of...

The US economy has generated jobs at a stable speed in February as the unemployment rate relaxed to 4.5 per cent, according to the latest government figures that appeased market fears regarding a possible slowdown. According to the report...

The U.S. Treasury Secretary Henry Paulson has said China risks wasting trillions of dollars in resources and lost economic potential unless it rapidly opens its capital markets. He further said in a speech delivered in Shanghai that China should...

Former Federal Reserve chairman, Alan Greenspan, has once again risked rousing renewed controversy recently when he told the Bloomberg news agency that there was a 'one-third probability' of a US recession this year. Speaking to the agency Alan...

When it comes to global finance, United States not only dominates the global markets but other countries are equally eager to listen what Bush administration has to say on the issue. Struggling with sluggish growth rate and mounting inflation threat..