US hiring slows, adding 126,000 jobs in March

Employers in the United States added 126,000 jobs in March - a gain far lower than previous months. The slower gains mark a break from a 12-month streak where employers added over 200,000 jobs each month.

Pound falls below $1.60 for first time since November on strong US data

Expectation-busting US data has hammered the pound, as it fell below the psychologically significant $1.60 level for the first time since November.

U.S. services sector activity accelerates in July: Markit

(Reuters) - Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though readings for new business and employment growth weakened, a survey showed on Monday.

US economy records bumper jobs growth in April

The US economy created 288,000 jobs in April, the strongest monthly job creation since January 2012. The largest jobs gain came in professional and business services, which added 75,000 jobs during the month.

US Federal Reserve continues trimming stimulus efforts

The US Federal Reserve announced a further reduction of its stimulus efforts, after a two-day meeting in Washington.

Federal Reserve cuts additional $10bn from economic stimulus programme

The US Federal Reserve instituted a further cut to its massive economic stimulus programme on Wednesday, in a move that rattled stock markets already worried by recent poor jobs figures.

US economic growth likely slowed in third quarter

WASHINGTON: US economic growth is likely languishing in the second half of 2013, held back by federal policies and a slowdown in hiring that has kept consumers from stepping up spending.

US Federal Reserve to hold its fire this week, wants clearer economic view

WASHINGTON: Federal Reserve officials are unlikely to make any shift to monetary policy this week as they wait for more evidence of how badly Washington's budget battle has hurt the US economy.

Shutdown inflicted unnecessary damage to US economy: Barack Obama

WASHINGTON: President Barack Obama says the government shutdown ``inflicted unnecessary damage'' to the US economy and damaged America's credibility around the world.

Japan warns of 'consequences' in US debt battle

Japan's finance minister and top central banker on Friday urged Washington to resolve its political gridlock, warning a debt default could lead to grim "consequences" for the global economy.

The G-20: From unreal to surreal

Before we go more deeply into the Syrian swamp, a few comments on the recent G-20 summit.

US manufacturing revival 'at risk', surveys suggest

The US manufacturing sector struggled to grow in May, two surveys have shown, underlining worries over the pace of economic recovery.

US growth falls short of forecasts, weakness ahead

WASHINGTON: The US economy regained speed in the first quarter, but not as much as expected, heightening fears it could struggle to cope with deep government spending cuts and higher taxes.

US factory data shows new sign of slowing economic growth

WASHINGTON: US factory activity expanded at its slowest pace in six months in April, the latest sign that economic growth continued to lose momentum early in the second quarter, though the recovery has not been derailed.

US manufacturing posts best quarter in 2 years: Markit

NEW YORK: US manufacturing growth picked up in March as new orders increased and hiring quickened, closing out the best quarter for the sector in two years, a survey showed on Monday.

Big US budget cuts begin as both sides trade blame

WASHINGTON: President Barack Obama and congressional Republicans have refused to concede any share of the blame for failing to stave off automatic spending cuts that will slash $85 billion in federal spending.

World economy: US runs out of road as fiscal cliff looms

LONDON: The wheels could come off the US economy even before it has shifted out of second gear unless politicians reach a last-minute deal to avoid $600 billion in tax rises and spending cuts that kick in next month.

Barack Obama: US wealthiest must pay more tax

US President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election.

G7: Europe will tell US to deal with 'fiscal cliff'

Europe will tell the US, Japan and Canada next week that it is acting to resolve its sovereign debt crisis, but that US fiscal policy and slowing growth in Japan and China also pose risks to the global economy, according to reports.

US unemployment benefit claims surge

New claims for US unemployment benefits surged sharply higher last week, ending three straight weeks of declines in the struggling jobs market, official data showed.