WASHINGTON— In a victory for President Barack Obama, the Senate passed bipartisan legislation Friday night to strengthen the administration's hand in global trade talks, clearing the way for a highly unpredictable summer showdown in the House. Separate legislation to prevent parts of the anti-terror USA Patriot Act from lapsing on June 1 was caught in a...» Read More
Turkey’s dependence on imported oil is hampering its growth, and is likely to continue doing so as the country’s prosperity increases, regional analysts and energy experts say.
Germany’s finance minister ruled out making more concessions to help Greece, on the eve of talks with U.S. Treasury Secretary Timothy Geithner, who has urged euro zone leaders to act, the FT reports.
The Trans-Pacific Partnership will provide a boost of confidence to the seesawing global economy, create more jobs, and speed access to lucrative markets for American goods and services, says FedEx exec Michael Ducker.
"We like JPMorgan going into this quarter," says Betsy Graseck, Morgan Stanley, discussing what to expect from JPM's quarterly numbers and conference call later this morning.
CNBC's Rick Santelli breaks down the data from the Commerce Department on wholesale trade.
CNBC's Rick Santelli breaks down the latest numbers on international trade.
As Spain announces further austerity measures in the face of a forecast of 0 percent growth in 2013, the country needs “unequivocal support” from Europe, Patrick Armstrong, Managing Partner at Armstrong Investment Managers, told CNBC.
Companies in Indonesia, Southeast Asia’s largest economy, are the most optimistic in Asia, with almost 9 out of 10 firms expecting their businesses to improve in the third quarter of the year, while Hong Kong, whose open economy is increasingly tied to mainland China, is the most pessimistic, according to a quarterly survey conducted by Standard Chartered.
Most Asian economies from Indonesia to India will deteriorate in the second half of the year because demand from both domestic and foreign buyers will weaken, according to Nomura. The exception is China, where monetary easing and fiscal policies are already starting to take effect and will help its economy rebound in the third quarter.
Greece might be in economic crisis mode and getting productivity levels up might take time, but there are signs of improvement according to one economist.
I am lucky enough to have met some bright and extremely patriotic Greeks who fully admit their country needs a radical overhaul. It’s these people Greece needs to help rebuild their broken state but these are very often the most mobile of people.
The global shipping industry has been treading water during the global economic slowdown but in the last 12 months the Baltic Dry Index, which measures the haulage costs of freight, has dropped around 40 percent.
CNBC's Rick Santelli breaks down the economic data on the international trade numbers.
The likelihood of Greece raising more funds through its privatization efforts this year is “very low,” the CEO of the Greek privatization program said on Tuesday.
The Fast Money traders discuss how an increase in new vehicle sales year-over-year could positively impact AutoNation.
The economic crisis is leading to unexpected opportunities for some, Lars Thunnell, CEO of the International Finance Corporation, the private-sector arm of the World Bank, told CNBC’s “Worldwide Exchange.”
"I think ASEAN regional integration is an extremely serious, well managed process with the necessary degree of both progressivity and consistency. If you look at the world at large there are three integration processes that are really moving forward ASEAN, East Africa and Central America," Pascal Lamy, director-general of the WTO, told CNBC.
The EU is poised to launch one of its biggest trade cases against China in a generation after telling member states it has compiled firm evidence that Beijing’s telecommunications equipment companies have benefited from illegal state subsidies. The FT reports.
The European Union on Friday launched a challenge against Argentina's import restrictions at the World Trade Organization, calling the Latin American country's trading and investment system "protectionist and nationalistic."
China stocks are set for more rangebound trading on Friday, as investors continued to grapple with global and domestic economic uncertainties.