Fed says US economy still strong enough to handle rate hike

Last Updated: Thursday, June 18, 2015, 00:04

The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, U.S. Federal Reserve officials indicated on Wednesday.

US Fed expected to hold off on rate hike as economy picks up

Last Updated: Tuesday, June 16, 2015, 22:41

Analysts expect the Federal Reserve to hold off on raising interest rates as it opens a two-day policy meeting on Tuesday, despite the economy`s rebound from a winter stall.

OECD indicator slips further for US economy

Last Updated: Monday, June 8, 2015, 19:30

US economic growth is showing further signs of weakening while a recovery is gaining traction in euro zone countries such as France and Italy, the Organisation for Economic Co-operation and Development said on Monday.

US job growth surges, wages push higher in May

Last Updated: Friday, June 5, 2015, 19:00

Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.

Dollar rises ahead of May US jobs report

Last Updated: Friday, June 5, 2015, 10:45

"There`s no doubt that the US economy and the labor market is improving, but the dollar is also overbought so even if it pushes higher on the back of a strong jobs number, it could be hit by profit-taking next week" ahead of a Federal Reserve policy decision on June 17, Lien said.

Dollar steady in Asia despite weak US GDP data

Last Updated: Monday, June 1, 2015, 12:05

"Traders will look at this week`s data with a little bit of caution, but the main thing is, if the euro is losing ground, naturally you find the US dollar tends to benefit from that," Stan Shamu, a markets strategist IG Ltd., told Bloomberg News.

US economy contracts in first-quarter; dollar hurts corporate profits

Last Updated: Saturday, May 30, 2015, 09:23

The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

US economy contracted 0.7% in first quarter

Last Updated: Friday, May 29, 2015, 19:02

The US economy contracted at an annual rate of 0.7 percent in the first quarter of this year, the Commerce Department said Friday in a revised GDP estimate.

American IT industry calls for raising cap on H-1B visas

Last Updated: Wednesday, May 27, 2015, 09:05

More than 545,000 tech jobs remain vacant in the US which is having a deep impact on Silicon Valley-based firms, American IT industry has said while arguing in favour of raising the cap on H-1B visas to attract brightest minds from across the globe.

G7 finance ministers to address faltering global growth

Last Updated: Sunday, May 24, 2015, 14:54

"The poor Q1 2015 performance follows growth of just 2.2 percent in Q4 2014, so there has been very little growth over the last couple of quarters," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank.

US Senate votes to grant Obama fast-track power on trade deals

Last Updated: Saturday, May 23, 2015, 08:20

Attention now turns to the House of Representatives, where opposition is deeper to granting the president power to negotiate trade deals that can be approved or rejected by Congress but not amended.

Fed's Yellen expects rate hike 'some point this year'

Last Updated: Friday, May 22, 2015, 22:44

Janet Yellen said Friday she expects the Federal Reserve to begin raising interest rates "at some point this year," saying delaying the long-awaited move risks the economy overheating.