American economy

US services growth hits 12-year record in September

Growth in the US services sector, a key driver of the American economy, hit a 12-year high last month in the wake of back-to-back hurricanes, a survey released on Wednesday showed.

Oct 04, 2017, 23:33 PM IST

US confirms disappointing growth in 2016

The US Commerce Department on Tuesday confirmed a picture of sluggish growth in 2016, with the world`s largest economy growing at its slowest pace in five years.

Feb 28, 2017, 19:15 PM IST

'Like Modi, next US Prez should outline economic growth plan'

Citing 'Make in India' and 'Start Up India' campaigns for boosting manufacturing and employment, tech giant Cisco's Chairman John Chambers has said the next US President should take a cue from Prime Minister Narendra Modi and outline the plan for growth of the American economy.

May 30, 2016, 11:25 AM IST

Wells Fargo profits dip as it reserves for oil loans

Wells Fargo reported a dip in first-quarter profits Thursday as the drag of lower interest rates and the energy rout offset the benefit of higher overall lending.

Apr 14, 2016, 18:56 PM IST

The talk of US economic decline is political hot air: Barack Obama

Describing America as the strongest and most durable economy, President Barack Obama Wednesday rejected as "political hot air" the assessment by many that the world's largest economy is on decline.

Jan 13, 2016, 17:36 PM IST

Obama proposes closing tax loopholes on the wealthiest

US President Barack Obama proposed to close tax loopholes for the wealthiest Americans as part of the new economic strategy he plans to unveil in this year's State of the Union address.

Jan 18, 2015, 15:33 PM IST

India less vulnerable to global shocks than before: HSBC

India, which witnessed substantial financial volatility last year over talks of US Fed's plan to taper its bond buying programme to boost American economy, has improved its external balance position and is less vulnerable than before, an HSBC report says.

Nov 21, 2014, 16:46 PM IST

Oil prices down in Asian trade

Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said.

Jun 30, 2014, 09:23 AM IST