Obama declares victory over recession

Last Updated: Wednesday, January 21, 2015, 12:18

Declaring victory over vicious recession, US President Barack Obama today said the shadow of crisis has passed and the world's largest economy has turned the page on years of costly wars as he pledged economic policies to help the middle class and target the wealthy.

US consumer sentiment at highest in 11 years

Last Updated: Saturday, January 17, 2015, 00:12

US consumer sentiment rose to its highest on gains in jobs and wages and on lower gasoline prices.

America's resurgence is real: Barack Obama

Last Updated: Thursday, January 8, 2015, 16:08

Hailing the revival of economy and jobs growth in the US, President Barack Obama has said that the worst of the crisis is over and there is no looking back.

Obama takes US economic bright spell on the road

Last Updated: Wednesday, January 7, 2015, 23:52

Riding high on a stronger economy, President Barack Obama is setting out on a US tour to highlight the improved numbers, with hopes that his approval rating follows suit.

Oil gains as US growth beats expectations

Last Updated: Wednesday, December 24, 2014, 02:23

World oil prices rose Tuesday as strong US economic data sparked a round of buying in the beaten-down commodity.

Fed report shows optimism about US economic outlook

Last Updated: Thursday, December 4, 2014, 08:57

The US economy continued growing in October and November amid widespread optimism about the growth outlook, according to a Federal Reserve report released Wednesday.

US growth boosts markets, steadies emerging currencies

Last Updated: Friday, January 31, 2014, 05:27

European stocks initially fell after the Fed`s announcement it would reduce its bond-buying program by USD 10 billion to USD 65 billion per month, citing a pick-up in the US economy.

US factory, jobs data show underlying strength in economy

Last Updated: Friday, January 3, 2014, 10:41

US factory activity held near a 2-1/2-year high in December and the number of Americans filing new claims for jobless benefits fell again last week, suggesting the economy was poised for stronger growth in 2014.

Upbeat US data points to growth momentum

Last Updated: Thursday, December 5, 2013, 13:21

US private-sector hiring rose in November at the fastest clip in a year, opening the door wider for the Federal Reserve to start trimming its bond purchases within the next few months.

US jobs market dodges blow from gov't shutdown

Last Updated: Saturday, November 9, 2013, 12:52

US job growth unexpectedly accelerated in October as employers shrugged off a partial government shutdown, suggesting the economy was on firm footing and raising the prospect the Federal Reserve may soon decide to temper its bond-buying stimulus.

US dollar rises on sunnier-than-expected Fed outlook

Last Updated: Thursday, October 31, 2013, 09:36

The dollar Wednesday advanced against other major currencies after a US Federal Reserve policy statement gave a better-than-expected outlook on economic conditions.

US Federal maintains strong stimulus as growth stumbles

Last Updated: Thursday, October 31, 2013, 00:48

The Federal Reserve extended its support for a slowing US economy on Wednesday, sounding a bit less optimistic about growth and saying it will keep buying USD 85 billion in bonds per month for the time being.