Thursday, June 4, 2015
The U.S. trade deficit dropped sharply in April as exports posted a modest gain and imports fell, raising hopes that trade's drag on economic growth will ease in the current quarter.
U.S. auto sales were stronger than expected in May, boosted by Memorial Day promotions and strong demand for new SUVs.
Tuesday, June 2, 2015
U.S. consumer spending in April posted the weakest performance in three months, but a solid gain in income growth should help boost spending in the future.
Citigroup bank is expected to close the U.S. unit of its Mexican banking subsidiary Banamex after it was accused of weak money-laundering controls, the Wall Street Journal reported Sunday.
Saturday, May 30, 2015
The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated.
West Virginia University researchers predict that state coal production will drop 39 percent compared with the industry's last high point in 2008 -- less-than-encouraging news for more than 1,800 coal miners who learned last week they would likely lose their jobs.
Friday, May 29, 2015
Dozens of farmers and activists burned tires and briefly occupied a bridge in Peru's southern highlands Wednesday, defying troops sent to quell weeks of deadly protests against a Mexican-owned copper mining project.
Billionaire Elon Musk's firm SpaceX has won long-waited approval from the U.S. Air Force to launch military satellites, opening the way to a lucrative market that has been a virtual monopoly for a Boeing and Lockheed Martin joint venture.
Wednesday, May 27, 2015
Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that this key sector is starting to revive.
China's Prime Minister Li Keqiang and Chilean President Michelle Bachelet signed a currency swap deal on Monday seeking to deepen economic ties by boosting trade and investment.