New York, Nov 5 (DPA) US stocks posted mild gains Wednesday as the Federal Reserve kept interest rates at their record low of close to 0 percent. The central bank signalled it would ...

Washington, Nov 5 (DPA) The US Federal Reserve Wednesday kept interest rates at their historic low of near 0 percent as the world's largest economy embarks on a slow recovery from recession. The ...

Washington, Oct 15 (DPA) The Federal Reserve said Wednesday that economic activity in the US has picked up over the last few months and will continue improving through next year. But the recovery ...

By Arun Kumar Washington, Oct 13 (IANS) More than 80 percent of top US economists believe that America has started pulling out of its worst downturn since World War II, but they expect ...

Washington, Oct 3 (DPA) The US economy continued to shed jobs in the construction, manufacturing, retail and government branches, with the unemployment rate rising to 9.8 percent in September, the government ...

New York, Sep 25 (DPA) Wall Street benchmarks lost ground Thursday after a renewed, unexpected drop was reported in sales of existing homes, despite an earlier reported surprise decrease in new unemployment ...

New York, Sep 16 (DPA) US stocks climbed to new highs for 2009 as retail sales gained by the most in three years and Federal Reserve Chairman Bernanke said the country's recession ...

Washington, Sep 16 (DPA) Federal Reserve Chairman Ben Bernanke said Tuesday that the worst US recession in seven decades has "very likely" come to an end, but warned the country's economy will ...

Washington, Sep 14 (DPA) President Barack Obama Monday said the need for hundreds of billions of dollars in financial industry bailouts was easing as the global economy recovers, but continued to ...

Washington, Sep 10 (DPA) The US economy has stepped back from its worst recession in seven decades and is on the road to recovery, President Barack Obama said in a rare ...

New York, Sep 10 (DPA) US stocks gained Wednesday as the Federal Reserve reported that nearly all corners of the US appeared to be out of recession. The central bank's Beige Book found ...

Washington, Sep 3 (DPA) The US Federal Reserve sees an end to the economic crisis in the second half of the year even as problems are expected to remain on the ...

MARTHA'S VINEYARD, Massachusetts (BNO NEWS) -- President Obama announced on Tuesday that he has re-appointed Ben Bernanke as Chairman of the Federal Reserve. The following are his complete, prepared remarks. "Good morning everyone. ...

Washington, Aug 25 (DPA) US President Barack Obama plans to nominate Federal Reserve Board Chairman Ben Bernanke for a second term at the helm of the rate-setting central bank, the Washington ...

New York, Aug 15 (DPA) US stocks closed lower Friday, pushing the major indices into negative territory for the week amid mixed signals on the prospects for the country's struggling economy. A surprising ...

By Arun Kumar Washington, Aug 13 (IANS) US economists are generally agreed that America's worst economic downturn since the Great Depression is over, but an average American is unlikely to feel things are ...

New York, Aug 13 (DPA) US stocks rallied Wednesday after two straight days of losses, buoyed by the Federal Reserve's more upbeat assessment of the state of the country's economy. The US central ...

New York, Aug 13 (DPA) US stocks rallied Wednesday after two straight days of losses, buoyed by the Federal Reserve's more upbeat assessment of the state of the country's economy. The US central ...

Washington, Aug 13 (DPA) The US Federal Reserve kept interest rates at near 0 percent Wednesday and showed no signs of changing course as it said the US may be emerging from ...

Washington, Aug 13 (DPA) The Federal Reserve kept its benchmark interest rate at near 0 percent Wednesday and showed no signs of changing course as the US begins to emerge from a ...

New York, July 30 (DPA) US stocks fell Wednesday amid fresh commodity fears, which overshadowed an optimistic report on the US economy from the Federal Reserve. Energy and metals manufacturers declined as ...

New York, July 25 (DPA) Most US stocks rose Friday, completing one of Wall Street's best two-week stretches of the year on the back of gains by energy companies and hopes for ...

Vienna, July 22 (DPA) The price of oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) rose for the sixth straight day and passed the $65-mark Tuesday, the Vienna-based group ...

Washington, July 16 (DPA) The US Federal Reserve said the US economy will climb faster than expected out of its deep recession, but also warned Wednesday that unemployment could top 10 percent ...

Washington, June 25 (DPA) The US economy shrank 5.5 percent in the first quarter of 2009, according to a final estimate by the US commerce department Thursday that confirms the worst six-month ...

New York, May 21 (DPA) Stocks fell on Wall Street in the last hour of trading as the Federal Reserve issued dreary economic projections for the rest of the year. The Federal Open ...

In the 11th episode of the 5th running season of the "High Stakes of Poker" that was aired earlier during the evening, saw a new line-up of players for this week’s episodes. The ...

Washington, May 8 (IANS) It might be too early to celebrate but the severest recession in the US economy, impacting the world, is showing signs of losing steam with encouraging signs ...

New York, May 8 (DPA) Insurer American International Group Inc (AIG), whose near collapse in September fanned the global financial crisis, said Thursday it lost $4.4 billion in the first quarter. The New ...

New York, May 8 (DPA) US stocks closed lower Thursday, just one hour before the Federal Reserve was due to release the much-awaited results of its "stress tests" on the country's top ...