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Tag Archives: Us Federal Reserve

$100 Bill Get An All New Design!

$100 bill redesigned – The US Federal Reserve has given an all new design for the $100 bill. The new $100 bills will begin circulating from October 2013, that is almost 2 years after it was initially planned. The Fed has set a target date of Oct. 8. The redesigned note incorporates added security features, such as a blue, 3-D ... Read More »

US welcomes Chinese Banks on it’s Land!

In a historic move, the Federal Reserve has cleared and allowed China’s Biggest Bank ICBC to takeover a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East ... Read More »

US Economy grew Faster than thought

The US economy grew at a faster pace than initially thought, figures show. The economy grew at an annualised rate of 2.5% in the July-to-September period, up from an earlier estimate of 2%, the Commerce Department said. Earlier this month, the US Federal Reserve said it would pump $600bn (£373bn) into the economy to try to boost the economic recovery. ... Read More »