BRUSSELS: Euro zone countries on Tuesday signed a deal worth 130-billion euro to bail out Greece and avoid a probable default after pushing Athens toward adopting severe austerity measures. Despite the agreement, doubts crop up from different quarters regarding a sustainable solution to the ongoing debt crisis. But for the moment the deal has been [...]

According to a report by California homicide rate in the state has declined appreciably by7.8 percent in 2010 due to reduction in crime and improvements in administration. This is lowest homicide rate in the state so far since 1966. California is the most populous state of the United States, however due to high crime rate–4.7 [...]

Due to a slump in Chinese manufacturing activity, which was in its’ weakest level in three years, saw U.S.S&Ps stock futures losses to more than 1 percent on early Wednesday morning. At around 2:30a.m GMT, futures were down by 1.2 percent, which added to the misery after a downward revision of U.S. growth data raised [...]

The United States reduces unemployment to cheer its citizens by reaching 103,000 jobs in September. Despite the dark predictions about further negative impacts of recession on American economy, Obama administration can boast to defy all by this added employment. However, the addition in jobs has not changed the current unemployment rate, which remains on its [...]

Congress woman on the platform of Democrat party has criticized President Obama on job situation in the country. The law maker advised the president to go down to the state and local levels to see the pains and sufferings the people are going through as a result of job situation in the country. The congress [...]

The United States is failing to break through its debt deadlock. The US Federal Reserve is now gearing up to provide new guidelines to American banks to save themselves through resurging recession.In case the country fails to revamp its borrowing capacity, all the banks would face hard time to survive through tough waters. Fed spokeswoman [...]

The banking sector in the United States of America has been given account of their financial position for the first quarter of 2011. This hint was dropped by the federal Insurance Deposit Corporation. It reported that the first quarter of this year marked a new beginning in the banking sector as the banks reported the [...]

Job situation in America has improved last month in majority of the states in America. This was revealed by the Department of Labour which disclosed that in more than three quarters of the states of the country the employment situation has improved last month. The statement said that there is improvement in employment situation from [...]

Asian continent is preparing to have a greater role in the activities of the International Monetary Fund IMF. This was disclosed in Beijing China. The ongoing crises in the world number one monetary institution seemed to have reawakened the consciousness of the Asian continent for greater involvement in the affairs of the fund. Recently the [...]

The US Congress is geared up to deal with the economic crisis, however there is still a load of federal debt lagging behind and hampering all welfare programs. David Plouffe, White House senior adviser stated in an interview that the US president plans to decrease the federal deficit and is formulating stategy for it. However, [...]