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US sees jump in durable goods ordersOrders for long-lasting US manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, More… |
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US senate backs arming Syrian rebelsA US Senate panel has voted overwhelmingly to send weapons to rebels fighting Syria's government, but it was not clear who would get the arms even if the bill succeeds, as Washington struggles to deal with its response to the conflict. More… |
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Gold gains on China demandGold edged higher on Wednesday due to strong Chinese demand and after Federal Reserve officials allayed investor concerns that the US central bank will soon exit its bullion-friendly bond purchases. Gold has been pressured i More… |
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Raytheon to ink $2.1bn Oman arms dealRaytheon Company, one of the largest US weapons makers, is expected to sign an estimated $2.1 billion deal to sell Oman an air defence system while US Secretary of State John Kerry visits the Sultanate state this week, US officials said. More… |
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Texas joins flood of states suing BPTexas has joined the crowd of Gulf of Mexico states to file suit against BP, Halliburton and others for their role in one of the worst oil spills in the US history. The complaint in US District Court in Beaumont, Texas, alleges th More… |
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US orders Canadian bank to revise lawsUS regulators are ordering the Bank of Montreal, the fourth largest bank in Canada by assets, to take steps to correct lapses in oversight that could allow the bank to be used for money laundering. The Federal Reserve announced an More… |
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US chides Russia over missile delivery to AssadThe United States chided Russia for sending missiles to the Syrian government as plans for a peace conference promoted by Washington and Moscow were hit by diplomatic rifts over its scope and purpose. Sectarian bloodshed in neighb More… |
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US must stop 'Iranian plot against Bahrain'It is in America's strategic interest to help Bahrain as it battles an Iranian plot to destabilise the kingdom, said former US representative Dan Burton. Bahrain is threatened by Iranian agents who are working with protest lea More… |
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60 injured in US train crashA commuter train traveling eastbound from New York City derailed near the Connecticut suburb of Fairfield during the evening rush hour on Friday and collided with a westbound commuter train, injuring up to 60 people, three critically, officials More… |
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US consumer mood rises to new highAmericans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader US growth is cooling. More… |
