WASHINGTON, March 4- Trade unions stepped up their campaign against legislation to streamline the passage of trade deals through the U.S. Congress on Wednesday, appealing to lawmakers to oppose the plan. Nearly 400 union members and allies descended on Capitol Hill to meet with lawmakers on the so-called fast track legislation that would allow Congress to set...» Read More
Cotton prices are rising dramatically. Analysts say several factors are involved in this historic move, and the macro picture for cotton is more complex than a simple weak dollar, strong commodity play.
Right now the US should export more and rely less on internal consumer spending. China should export less and encourage consumer spending.
The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.
China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted shipments of some of those same materials to the United States and Europe, three industry officials said on Tuesday. The NYT reports.
German companies have complained about state-owned Chinese rivals landing an increasing number of contracts in eastern Europe and central Asia by means of “price-dumping, aggressive financing and generous risk-guarantees” from Beijing.
Rising tensions amid an escalating global currency war has sparked talk of capital controls, but such a move would be dire for markets, warned Mark Mobius, executive chairman of Templeton Emerging Markets Group on CNBC Friday.
Growth in advanced economies has hit a road bump and using quantitative easing (QE) measures will not help them to speed up growth, said Olivier Blanchard, chief economist of the International Monetary Fund.
The World Trade Organization has ruled that a U.S. ban on Chinese poultry is illegal, giving Beijing a win in the first international commerce ruling against the administration of President Barack Obama.
The elections will leave the Republican Party in disarray on key economic issues. Congressional Democrats won’t be able to identify potential compromises until they know what Republicans want. This will create an opening for President Obama to frame his vision for international economic policy.
The poultry tariffs are another example of China’s willingness to use its economic leverage when it feels it is being challenged. The NYT reports.
High unemployment may last for a long time because of the sluggish economy, bad politics and advances in technology, Jack Welch, author of "Straight from the Gut," told CNBC Thursday.
Thailand's automobile industry is making a strong comeback following the global financial crisis, supported by robust recovery in demand.
Of the 15 most important world economies, the United States ranks in the middle in terms of economic and business dynamism, said Hamid Moghadam, chairman and CEO of AMB Property, an international industrial realty developer which focuses on distribution.
In an effort to help prevent another stock market fall-out like the "flash crash", regulators are seeking to reign in high-frequency trading by exploring ways to slow down the rapid trading process.
South Korea, Thailand, Indonesia, Malaysia and others in Southeast and East Asia are benefiting from an export-driven regional boom and the lessons of a financial crisis a decade ago.
Barclays has agreed to pay $298 million over criminal allegations that it illegally engaged in financial transactions with banks in Cuba, Iran, Libya, Sudan and Burma, the Justice Department disclosed in court papers filed Monday.
If shipments into one major U.S. port are any indication, we’re in for a stellar holiday shopping season.
Politics and the dollar are the biggest problems, but various industries identified dozens of smaller hurdles that they claim hinder trade. The NYT reports.
The Swiss economy has not only recovered from the global recession of 2009 but so far also coped well with the recent spike in an already strong currency.
President Barack Obama said Saturday his administration will launch talks with South Korea aimed at resolving remaining issues blocking the completion of a South Korea free trade agreement.