News

The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

She says: 'I think that anybody who knows me knows that I'm not a pushy mum.'

Great Britain draw Argentina in Fed Cup

Great Britain's Fed Cup team face a long trip to Argentina in April after reaching the World Group II play-offs for the second year in succession. If they win in Argentina they will reach a level they haven't been to since 1993.

G7 safeguards exchange rates to avoid currency war

The G7 nations’ finance chiefs and central bankers today pledged not to trigger a damaging currency war with deliberate actions to drive exchange rates down.

Dow hits 14,000 for first time since 2007 credit crisis

World share prices on the up after new figures show US economy's underlying stability
Economic growth shrank in the final quarter of 2012

The fiscal cliff effect? Shock fall in US GDP blamed on spending cuts

A drop-off in government spending, along with a reduction in business inventories, led to an unexpected contraction in the US economy at the end of last year.

Russell Lynch: Printing more money is still worthwhile even if the price is a divided society

Outlook Is it time to stock up on shotguns, baked beans and bottled water, and prepare to ride out the coming apocalypse? Efforts to salvage growth by printing hundreds of billions of pounds have raised hackles among plenty of experts worried about rampant inflation. But comparatively few are saying we need to hunker down and prepare for a Mad Max-style future.

President Barack Obama may be forced to accept the imminent departure of his Treasury Secretary, Tim Geithner

Obama faces losing his economic supremo Timothy Geithner just when he needs him most

Treasury Secretary set to quit before battle over US debt ceiling

Nikhil Kumar: Don't get carried away by Fed's QE smoke signals

Talking of the Fed, the minutes of the Federal Open Market Committee's December meeting sparked worries that the central bank might tilt towards withdrawing, or even stopping, its bond-buying measures before 2013 is out. The cause was the evidence of disquiet among some FOMC members about the stimulus measures, which have led to a ballooning of the Fed's balance sheet.

Nikhil Kumar: After the fiscal cliff 'drama', is it time for Bernanke to coin the debt canyon?

Mr Bernanke knew 1 January was not a deadline for doom but rather a milestone

James Moore: Sorry Sir John, but the banks could run rings around your ring fence

Outlook: How do you decide if a bank has been trying to ‘game’ the system? Who makes the ruling

James Moore: The trouble with Romney recipe for growth is his friends get biggest slice

Outlook: The US is close to fulfilling its energy requirements, further boosting growth

US Fed to stick to stimulus until jobs pick up

America's central bankers yesterday reiterated their promise to support the still-weak US economy until it started generating enough jobs, acknowledging bright spots in areas such as housing, but warning that joblessness remained "elevated".

Errors and Omissions: from Brussels to Croatia, stand up to the march of geographical correctness

Our legendary pedant brushes aside "authentic" place names, finds a missing Reichstag, and shines light on the existence (or not) of shadow spokesmen

Finance chiefs recover from spring gloom

Confidence among Britain's finance chiefs is bouncing back but fears still remain over the UK slumping back into recession in the next two years, leading consultants have warned.

If Sesame Street is cancelled, Big Bird can work as a stud at an intensive chicken farm in Ohio

Toys from the blackstuff: What next for Sesame Street's unemployed?

Perhaps a testament to the lack of zingers in the first US presidential debate between Barack Obama and Mitt Romney was the fact that the most memorable line of the evening was Romney announcing that, if elected, he'd cancel any government subsidies to America's public broadcaster PBS, home of Sesame Street (despite Romney's protestations that "I like Big Bird").

Exports help US growth beat expectations

The US economy is doing better than expected, new figures out yesterday revealed.

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