TRIPOLI, Dec 7- Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Saturday. Arusi said Libya had lost 9 billion Libyan dinars in oil revenues after output had fallen to 250,000 barrels a day from 1.4 million bpd in July.» Read More
The U.S. trade deficit with China, which hit a record $232.5 billion last year, has become a heated political target for both Democrats and Republicans, illustrating what they say are unfair, predatory Chinese trade practices.
Ahead of Tuesday’s trade talks between top U.S. and Chinese officials in Washington, D.C., experts joined “Power Lunch” to provide perspective. “This is the ‘put up or shut up’ summit,” said Peter Navarro, author of The Coming China Wars. ... Robert Scott, an international economist at the Economic Policy Institute, said the trade deficit "threatens the stability of the U.S., and the global economy.”
China's central bank said on Friday that it would widen the yuan's daily trading band against the dollar to 0.5%, just days ahead of a key meeting with the United States to discuss trade issues such as the value of China's currency.
After extending an olive branch to the United States by giving its currency more room to move, China is likely to focus on issues other than the yuan to cement progress in trade talks this week.
Chinese Vice Premier Wu Yi on Thursday criticized calls in the United States for trade protectionist measures, calling such moves "irresponsible acts" that can only harm both countries' interests.
China's trade surplus rebounded in April after a surprising slump the month before, handing new ammunition to U.S. critics who say Beijing is keeping the yuan unfairly undervalued to help the country's exporters.
Congressional Democratic leaders say they have forged new trade policy guidelines with the Bush administration that will elevate labor and environmental rights to key components in future free trade agreements.
This week, Congress is hearing from labor interests and economists, urging different agendas for U.S. trade with China. What – if anything – should be done to ensure America’s competitiveness? John Taylor, a Hoover Institute fellow and former Treasury undersecretary for international affairs, and Jonathan Jacoby, associate director for international economic policy at the Center for American Progress, debated the issue on “Morning Call.”
China is on another U.S. shopping spree that appears to be as much about salesmanship as the country's rapidly growing purchasing power.
In an exclusive interview with CNBC's Maria Bartiromo, Treasury Secretary Henry Paulson said the U.S. needs to remain open to foreign investment to preserve its competitive edge.
Germany's trade surplus in March rose to 18.4 billion euros ($25 billion) from 14.2 billion in February and 14.1 billion in March last year, according to unadjusted provisional figures from the Federal Statistics Office.
In our special report, we take a look at the business opportunities awaiting American companies in a post-Castro Cuba.
The European Union said Tuesday that it has asked to participate in World Trade Organization talks over Chinese copyright and trademark policy initiated last month by the administration of U.S. President George W. Bush.
Japan's trade surplus with the rest of the world grew 73.9% in March, a faster-than-expected increase largely led by strong auto and semiconductor exports, the government said Wednesday.
Now the world's fourth largest economy, China presents opportunities and obstacles for the U.S. Trade and human rights are thorny issues but the free market potential is vast.
The International Monetary Fund is "meddling" in China's affairs by saying the country needs a more flexible exchange rate policy, a state newspaper said in an editorial on Tuesday.
The EU Commission plans to send specialist teams to countries outside the European Union to investigate obstacles to trade and competition, Financial Times Deutschland reported, citing a draft of a strategy paper it obtained.
You gotta love it when the Commerce Department puts a tariff on Chinese paper, and the former treasury secretary's private-equity firm owns a company that makes the same product Stateside...but that's just what happened. Oddly enough, that ended up helping one little paper company from South Africa.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
U.S. import prices jumped a larger-than-expected 1.7% in March as petroleum prices rose sharply. Jobless Claims rose 19,000 to 342,000 --more than predicted.
China's trade surplus plunged to $6.87 billion in March, confounding expectations it would be close to February's near-record $23.8 billion, but analysts said special factors were responsible and the underlying trend had not changed.