Mirroring Cleveland, not Mountain View, Calif., may be a more realistic way for developing economies to encourage entrepreneurship.» Read More
WASHINGTON, Aug 16- A senior New Zealand official on Friday said he was optimistic the United States would agree to phase out tariffs in politically sensitive sectors like sugar and dairy as part of a regional free trade deal with Asia-Pacific countries.
WASHINGTON, Aug 16- A U.S. trade panel on Friday approved a Commerce Department investigation that could lead to steep duties on steel pipe from South Korea, India and seven other countries that is used in oil and natural gas production and which domestic manufacturers say is being sold in the United States at unfairly low prices.
*Buyers turn to cheaper grain from Argentina, Brazil. SINGAPORE/ MUMBAI, Aug 16- India's corn exports could plummet by around 40 percent in the next marketing year, with buyers turning to cheaper supplies from South America after a rain-damaged crop pushed up Indian prices and shook confidence in the grain.
WASHINGTON, Aug 15- A new U.S. government report on Thursday highlighted both the growing importance of digital trade to the United States and a long list of trade barriers that American internet and other online companies face around the world.
*Brazil, Indonesia could benefit from Vietnam crisis. HO CHI MINH CITY/ SINGAPORE, Aug 15- Desks are empty, the office silence broken only by a handful of staff chit-chatting or playing on cellphones.
WASHINGTON, Aug 13- The U.S. Commerce Department on Tuesday set final duties on billions of dollars of shrimp from four Asian countries and Ecuador to offset foreign government subsidies, but spared major suppliers Thailand and Indonesia from the import tax.
The scheme led to one of the largest international penny stock investigations ever conducted by the Justice Department and the FBI, the U.S. attorney's office in Brooklyn said. Both schemes were allegedly orchestrated by Sandy Winick, 55, a Canadian who has lived in China, Thailand, Vietnam and the United States, according to an indictment.
NEW YORK, Aug 13- Federal prosecutors said on Tuesday they arrested seven people in a more than $140 million international penny stock scheme that involved fraudulently inflating share prices and trading volumes. Attorney for the Eastern District of New York.
Attorney Loretta Lynch in Brooklyn. Two people, Joseph Manfredonia, 45, of New Jersey, and Cort Poyner, 44, of Florida, were arrested on Tuesday morning, according to Peter Donald, an FBI spokesman. Both schemes were allegedly orchestrated by Sandy Winick, a Canadian who has lived in China, Thailand, Vietnam and the United States, according to the indictment.
SINGAPORE/ WELLINGTON, Aug 8- A sudden slump in the New Zealand dollar this week as the country's biggest dairy exporter was hit by a contamination scare put the spotlight on a currency that is one of world's top investments.
*Sri Lanka, Brunei restrict imports, recall products. WELLINGTON, Aug 6- Fonterra, the world's largest dairy exporter, came under fire from the New Zealand government, farmers and financial regulators for its handling of a food contamination scare that has triggered product recalls and spooked parents from China to Saudi Arabia.
WELLINGTON, Aug 6- Dairy giant Fonterra was hit by fresh infant formula recalls in China and Hong Kong on Tuesday, while New Zealand's government fretted that the widening contamination scare would prompt China to extend a ban on whey protein powder to other dairy products.
*China restricts some imports; Vietnam in product recall. WELLINGTON/ BEIJING, Aug 5- Fonterra, the world's leading exporter of dairy products, apologised on Monday for a milk powder contamination scare in China that risks tainting New Zealand's reputation for food safety.
HSBC profits rise but revenues hit by muted economic growth. LONDON- HSBC's half-year profits rise 10 percent to just over $14 billion as its three-year cost cutting plan starts to pay off, but earnings fall short of expectations due to a fall in revenue at Europe's biggest bank.
BEIJING, Aug 5- New Zealand's Fonterra apologised on Monday for a milk powder contamination scare in China that has raised safety concerns that threaten New Zealand's $9 billion annual dairy trade and Fonterra's own business in a top market.
It said contaminated whey protein concentrate had been exported to China, Malaysia, Vietnam, Thailand and Saudi Arabia and used in products including infant milk powder and sports drinks.
SINGAPORE/ SYDNEY, Aug 5- The New Zealand dollar skidded to a one-year low on Monday as investors feared the worst after major dairy exporter, Fonterra, found botulism bacteria in some of its products.
WELLINGTON, Aug 5- The New Zealand dollar and units in dairy giant Fonterra's shareholders' fund slid on Monday after bacteria that can cause botulism was found in some dairy products, raising safety concerns about the country's top export earner.
HO CHI MINH CITY, Aug 5- Tycoon Henry Nguyen mopped floors, flipped burgers and even cleaned toilets over a 10- year campaign to convince McDonald's Corp to let him bring Big Macs and Happy Meals to communist Vietnam.
WELLINGTON, Aug 4- China has halted imports of all New Zealand milk powder, New Zealand's trade minister said on Sunday, after bacteria that can cause botulism found in some dairy products raised food safety concerns that threatened its $9.4 billion annual dairy trade.