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US services sector

04 Oct 2017

US services growth hits 12-year record in September

Growth in the US services sector, a key driver of the American economy, hit a 12-year high last month in the wake of back-to-back hurricanes, a survey released on Wednesday showed.

28 Feb 2017

US confirms disappointing growth in 2016

The US Commerce Department on Tuesday confirmed a picture of sluggish growth in 2016, with the world`s largest economy growing at its slowest pace in five years.

30 May 2016

'Like Modi, next US Prez should outline economic growth plan'

Citing 'Make in India' and 'Start Up India' campaigns for boosting manufacturing and employment, tech giant Cisco's Chairman John Chambers has said the next US President should take a cue from Prime Minister Narendra Modi and outline the plan for growth of the American economy.

14 Apr 2016

Wells Fargo profits dip as it reserves for oil loans

Wells Fargo reported a dip in first-quarter profits Thursday as the drag of lower interest rates and the energy rout offset the benefit of higher overall lending.

13 Jan 2016

The talk of US economic decline is political hot air: Barack Obama

Describing America as the strongest and most durable economy, President Barack Obama Wednesday rejected as "political hot air" the assessment by many that the world's largest economy is on decline.

18 Jan 2015

Obama proposes closing tax loopholes on the wealthiest

US President Barack Obama proposed to close tax loopholes for the wealthiest Americans as part of the new economic strategy he plans to unveil in this year's State of the Union address.

Financial volatility

21 Nov 2014

India less vulnerable to global shocks than before: HSBC

India, which witnessed substantial financial volatility last year over talks of US Fed's plan to taper its bond buying programme to boost American economy, has improved its external balance position and is less vulnerable than before, an HSBC report says.

30 Jun 2014

Oil prices down in Asian trade

Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said.

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