US economy grows slowly on consumer spending

Last Updated: Thursday, March 7, 2013, 13:09

Five districts reported that economic growth was moderate in January and early February, and five other districts reported that activity expanded at a modest pace, the Fed noted in its latest survey report, also known as the Beige Book, reported Xinhua.

US poised for self-sustaining, broad-based growth: Brainard

Last Updated: Tuesday, February 12, 2013, 10:54

Confident of improving the job prospects for rising middle-class in the country, the US has said it will continue to push for stronger job creation as it is poised for self-sustaining, broad-based growth.

US’ narrowing trade deficit reflects increasingly bright picture of global economy

Last Updated: Monday, February 11, 2013, 23:52

The department said that record overseas sales of petroleum pushed up exports, while imports dropped.

Obama invites Indra Nooyi for consultation on economy

Last Updated: Tuesday, November 13, 2012, 12:16

The US President this week will meet leaders from the business, labour, progressive and civic community, as well as Congressional leadership, to have discussion about the best ways to move the economy forward.

Asian stocks rise as Fed sees modest US growth

Last Updated: Thursday, April 26, 2012, 09:38

Asian stock markets rose Thursday after surging Apple shares propelled the Nasdaq to its biggest gain of the year and the US Federal Reserve predicted moderate growth for the world's No. 1 economy.

Fed survey shows US growth, hiring improves

Last Updated: Thursday, April 12, 2012, 11:01

Federal Reserve survey of business conditions across the United States suggests last month's pullback in hiring may be temporary.

Crude higher on US growth hopes, Iran concerns

Last Updated: Tuesday, March 13, 2012, 10:04

Oil was higher in Asian trade on Tuesday, supported by improved sentiment on the US economy and continued concerns over tensions between Iran and the West, analysts said.

US economy grew faster than thought in fourth quarter

Last Updated: Thursday, March 1, 2012, 11:21

The US economy grew at a 3 percent annual rate in the last three months of 2011, faster than the 2.8 percent initially thought, the Commerce Department said Wednesday.

US manufacturing grows at fastest pace in 6 months

Last Updated: Wednesday, January 4, 2012, 00:12

The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its manufacturing index rose to 53.9 from 52.7 in November. Readings above 50 indicate expansion.

Asian shares drift lower as growth fears hit miners

Last Updated: Wednesday, November 23, 2011, 08:46

Asian shares drifted lower on Wednesday, weighed down by mining and technology stocks after a downward revision of US growth data raised new concerns about the faltering global economy.

White House sharply cuts US growth forecast

Last Updated: Friday, September 2, 2011, 09:07

President Barack Obama sharply cut estimates on Thursday for US economic growth, underscoring the difficult challenge he faces in spurring a stronger recovery and creating more jobs.

Gold posts biggest one-week gain in 2-1/2 years

Last Updated: Saturday, August 20, 2011, 09:47

Gold rose more than 1 percent on Friday, setting a record high for a second straight day and posting its biggest one-week gain in 2-1/2 years on worries about stalled US growth and Europe's debt crisis.