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NEW DELHI/ SEOUL, May 21- India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new U.S. waiver next month on sanctions targeting oil trade with Iran.
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When Erin Burnett's show "Street Signs" called me to talk trade this afternoon, the question was "Is Trade Dead?" I thought, for this Congress, it was--until I did a little reporting. As it happens, Republican and Democratic leadership sources both expect SOME progress on trade before the 2008 elections.
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A more flexible yuan would not hold back China's growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
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The euro zone's trade surplus was smaller than expected in July, unadjusted data showed on Monday, but exports continued to grow more quickly than imports.
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China posted a trade surplus of $24.97 billion for August, up from $18.8 billion a year earlier, the customs administration said on Tuesday.
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Asia-Pacific leaders said on Sunday they saw "real progress" in world trade talks now underway in Geneva and pledged flexibility and the political will to forge a deal by the end of 2007.
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U.S. President George W. Bush said on Wednesday it would help to balance trade if China floated its currency, which has been allowed to appreciate gradually in the past two years but remains tightly managed.
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The European Union on Thursday relaxed a ban on exports of British livestock, meat and dairy products that was imposed after an outbreak of foot-and-mouth disease in southeastern England earlier this month.
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French wine and spirit makers appear to be clawing their way back into the global market after years of watching foreign taste buds respond to innovative New World wines.
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The People's Bank of China said on Tuesday it would raise its deposit rates by 27 basis points as of Wednesday "to stabilise inflation expectations."
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The euro zone's foreign trade surplus soared more than expected in June from the previous month, data showed on Tuesday, as exports grew twice as fast as imports despite a strong euro.
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St. Louis Federal Reserve Bank President William Poole said Friday that rising protectionism in the United States was a worry and the Doha round of world trade talks were on the verge of collapse.
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China has sent the U.S. notices regarding pork shipments that may have contained ractopamine, a swine growth promoter used in the U.S. but banned in China, a U.S. Agriculture Department official said.
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U.S. producer prices rose by a more-than-expected 0.6% in July, Labor Department data on Tuesday showed, but the gain was driven by energy costs and core inflation facing producers grew only slightly.
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One year from Wednesday, Aug. 8, the 2008 Olympic Games will begin in Beijing -- focusing the world's attention on China like never before. As part of our one-year countdown to the games, CNBC sent Darren Rovell and Melissa Lee to China for a series of special reports.
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U.S. Treasury Secretary Henry Paulson warned on Tuesday it was a mistake for U.S. lawmakers to blame American job losses on global competition and use it as an excuse for passing protectionist trade laws aimed at China.
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Biosafety experts scoured a rural laboratory Sunday in a hunt for the possible source of an outbreak of foot-and-mouth disease on a southern English farm.
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Britain raced to avert economic disaster Saturday by halting meat and dairy exports and the movement of livestock around the country after foot-and-mouth disease was found on a southern English farm.
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China fears alarm over product safety could stoke trade protectionism, a senior official told visiting U.S. officials as a massive toy recall threatened to intensify consumer worry about the "made in China" brand.
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China is looking to score big in hosting the Beijing 2008 Olympic Games next August, but the judging will be very tough.