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Business 11 Jul 2009 | 12:00 AM

US May trade deficit unexpectedly drops to US$26bil

WASHINGTON: The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month.

Business 19 May 2009 | 12:00 AM

US stocks up, Dow biggest daily gain in more than a month

NEW YORK Reassuring news about housing and banking on Monday convinced investors to return to the US stock market. The Dow Jones industrial average shot up 235 points, its biggest daily point gain in over a month, and made up three-quarters of last week's losses.hr noshade size=-1 width=50%>

Business 28 Apr 2009 | 12:00 AM

Swine flu could mean new threat to US and global economy

The U.S. economy, which was showing tentative early signs of a recovery, faces a potentially grave new threat: swine flu. A widespread outbreak could batter the tourism, food and transportation industries in particular, deepening the recession in the U.S. and possibly worldwide

Business 16 Apr 2009 | 12:00 AM

With US economy weak, low inflation likely to last

So much for fears that flooding the economy with money to fight the financial crisis would ignite inflation. The recession is keeping a tight lid on both prices and wages.

Business 28 Jan 2009 | 12:00 AM

Surprise rise in existing home sales in December

An unexpected improvement in US home sales provided a rare dose of good economic news on Monday, but companies continued to wield the axe on jobs as the year-long recession inflicted more pain.

Business 22 Sep 2008 | 12:00 AM

Calmer times seen on Wall Street

THE twists and turns of a turbulent week on Wall Street have made traders dizzy, but analysts are looking for a calmer ride in the coming week as the market digests the latest efforts to battle the financial market firestorm.

World 20 Sep 2008 | 12:00 AM

McCain's financial fall guy; foresight or folly?

BLAINE, Minn. (Reuters) - As the worst financial crisis since the Great Depression hit Wall Street and dominated the U.S. presidential campaign this week, White House hopeful John McCain looked for a fall guy.

Business 03 Sep 2008 | 12:00 AM

US manufacturing shrinks, construction down

NEW YORK (AP) - For the U.S. lumber companies, automakers, home builders and other manufacturers, the final half of 2008 may be as sluggish as the first.

Other Sport 21 Aug 2008 | 12:00 AM

Football: Canada draws Jamaica 1-1

TORONTO (AP) - Canada gave up an unlikely goal and dropped two valuable points in a 1-1 draw with Jamaica in World Cup qualifying on Wednesday.

World 12 Jun 2008 | 12:00 AM

Democrats to focus on trade to win working class

COLUMBUS, Ohio (Reuters) - Former steelworker Bill Hartley doesn't give Democratic presidential candidate Barack Obama a ringing endorsement, but his top concern is free trade, so he said he doesn't want another Republican in the White House.