Gold price firm after fourth-day rally on US rate expectations
Gold held firm near a two-week high on Tuesday, retaining gains from a four-day rally, as expectations grew that a hike in U.S. interest rates could be pushed to September.
Mar 24, 2015, 16:45 PM IST
Fed expected to hike this year, but future path uncertain: Fischer
The Federal Reserve is "widely expected" to begin raising interest rates this year though the policy path remains uncertain, the central bank`s second-in-command said on Monday, appearing to lay the groundwork for a less predictable future.
Mar 24, 2015, 08:49 AM IST
Fed `audit` push would hurt US economy: Yellen
Federal Reserve Chair Janet Yellen said Wednesday that a proposed law that could involve Congress in monetary policy could damage the economy.
Mar 19, 2015, 09:17 AM IST
Euro sinks below $1.07, lowest in nearly 12 years
The euro kept falling on course toward dollar parity Tuesday, hitting its lowest level against the greenback in nearly 12 years.
Mar 11, 2015, 03:37 AM IST
US adds 295K jobs in February; jobless rate falls to 5.5%
US employers extended a healthy streak of hiring in February by adding 295,000 jobs, the 12th straight monthly gain above 200,000.
Mar 06, 2015, 20:53 PM IST
Gold under pressure as dollar firm despite weak data
Gold was steady above $1,200 an ounce on Tuesday after falling off a two-week peak the session before, struggling to push higher as the dollar hovered near an 11-year high.
Mar 03, 2015, 08:04 AM IST
US economy slowed in Q4, but growth outlook still favorable
U.S. economic growth braked more sharply than initially thought in the fourth quarter as businesses slowed their pace of stock accumulation and the trade deficit widened, but the underlying fundamentals remained solid.
Feb 27, 2015, 22:23 PM IST
Dollar eases in Asia after US inflation rally
The euro rose to $1.1206, from $1.1198, but it slipped to 133.65 yen from 133.72 yen in US trade.
Feb 27, 2015, 09:13 AM IST
Yellen faces Senate grilling on Fed rate policy, transparency
Federal Reserve Chair Janet Yellen is expected to face pointed questions this week from U.S. lawmakers aimed at revealing details about the Fed`s timing on interest rate hikes, as well as fresh scrutiny about transparency at the central bank.
Feb 24, 2015, 14:41 PM IST
US has best economic growth prospects: Barack Obama
President Barack Obama has said the US has "risen from recession" and has got better prospects of economic growth than any other country, including India, China or Germany.
Feb 07, 2015, 06:58 AM IST
Strong US job, wage gains open door to mid-year rate hike
U.S. job growth rose solidly in January and wages rebounded, a show of economic strength that put a mid-year interest rate increase from the Federal Reserve back on the table.
Feb 07, 2015, 03:15 AM IST
US economy produces 2,57,000 jobs in January
But the unemployment rate edged up to 5.7 percent from 5.6 percent in December, the Labor Department said Friday.
Feb 06, 2015, 21:19 PM IST
US trade deficit jumps 17.1% to $46.6 billion
The US trade deficit in December jumped to the highest level in more than two years as American exports fell and imports climbed to a record level.
Feb 05, 2015, 22:04 PM IST
Obama's $4 trillion budget: Higher US spending, tax hike for rich
President Barack Obama`s 2016 budget unveiled Monday sets priorities for the middle class and proposes major infrastructure improvements, to be paid for largely through increased contributions by the wealthy and corporate America.
Feb 03, 2015, 10:32 AM IST
US consumer spending falls in December
US consumer spending fell in December in the midst of the key year-end holiday shopping season, while their incomes continued to grow, Commerce Department data released Monday showed.
Feb 02, 2015, 21:45 PM IST
Obama ties foreign profits tax to public works
US President Barack Obama's budget will propose an ambitious six-year, USD 478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that US companies have amassed overseas, White House officials said.
Feb 02, 2015, 01:01 AM IST
Barack Obama proposes 14% tax on US Cos' untaxed foreign earnings
President Barack Obama`s fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of accumulated US corporate profits earned abroad and set up a 19 percent tax on future foreign earnings, a White House official said on Sunday.
Feb 01, 2015, 21:04 PM IST
US economic growth in 2014 fastest since 2010
US gross domestic product grew at an annual 2.4 percent pace last year.
Jan 30, 2015, 22:06 PM IST
Oil slumps to near six-year low under $44 per barrel
New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crude inventories deepened worries over the global supply glut.
Jan 29, 2015, 23:54 PM IST
US jobless claims plunge 14%
New claims for US unemployment insurance benefits plunged to the lowest level in nearly 15 years last week, the Labor Department reported Thursday.
Jan 29, 2015, 19:54 PM IST
