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USA

US shoppers put election behind them with retail therapy on Black Friday

With the US election behind them, Americans headed to the malls for some retail therapy on Black Friday.

Economy

Federal Reserve head Janet Yellen hints at US interest rate hike in December

Fed Chair Janet Yellen says Donald Trump's election has done nothing to change the Federal Reserve's plans for a rate increase "relatively soon".

Economy

US retail sales boost interest rate hike probability

Strong US retail sales in October indicate sustained economic strength, which could prompt the Federal Reserve to raise interest rates next month.

Economy

Federal Reserve keeps borrowing costs unchanged

As expected, the Federal Reserve has kept interest rates unchanged and reinforced expectations for higher borrowing costs in December.

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Economy

No US interest rate rise expected from Federal Reserve this month

The US Federal Reserve's latest policy meeting is expected to keep interest rates unchanged but set the stage for a hike in December.

Economy

Exports boost US economic growth

The US economy grew at its fastest pace in two years in the third quarter - up 2.9 percent - helped by a surge in exports.

Business Series

AT&T says Time-Warner merger doesn't raise competition issues

AT&T thinks its proposed mega-merger with media and entertainment group Time Warner can be tweeked so would not be blocked by competition regulators.

Business Line

Clinton vs Trump - Round One

In Business Line we assess the debate in which the presidential candidates clashed over trade, taxes and how to remake the US economy.

Markets

Close race for the White House spooks financial markets

Wall Street was lower on Monday, ahead of the first debate between Clinton and Trump, with investors concerned about how close the race is.

Economy

Yellen defends Federal Reserve against Trump bias accusations

Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised".

USA

US federal government halts Dakota oil pipeline

The US federal government has temporarily halted a controversial oil pipeline in North Dakota, moments after a judge approved the project.

Economy

US job growth slows in August

US employment growth slowed more than expected in August to 151,000, probably ruling out an interest rate hike by the Federal Reserve this month.

Economy

US second quarter growth sluggish, as consumer spending surges

New data show economic growth in the US was slightly more tepid than initially thought in the second quarter – offsetting a spurt in consumer spending.

Economy

Case for US interest rate hike strengthens, says Fed's Yellen

Improvements in the labour market and expectations for solid economic growth have strengthened the case for a US interest rate hike.

Economy

Investors await Federal Reserve Chair Janet Yellen's interest rate thoughts

Financial markets are focused on Federal Reserve chief Janet Yellen's speech on Friday at the annual central bankers gathering in Jackson Hole, Wyoming.

Economy

Strong June jobs numbers indicate US economy is strengthening

US employment rose by 255,000 in July, more than expected, and wages also picked up, bolstering expectations of an acceleration in economic growth.

Economy

US economy grows less than expected in Q2

The US economy grew far less than forecast in the second quarter even though there was a surge in consumer spending.

Economy

US jobs jump in June

US payrolls increased by 287,000 in June as manufacturers and retailers boosted hiring, confirming the economy has regained speed.

Economy

Women and minorities worse off as US wage gap widens

A new report by the OECD claims that US income inequality continues to widen.

USA

Brexit breeds caution among banks and money makers

Money markets and investors world wide are waiting with bated breath for the UK’s decision next week on its future, in or out, of the European Union.