JAKARTA, July 24- Indonesia will soon allow U.S. miner Freeport-McMoRan Copper& Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday. Indonesia introduced a mineral ore export ban and a steep export tax on concentrates in January.» Read More
At least for this year, the euro zone will remain united and no country is likely to default, analysts told CNBC.com. But debt restructuring is on the horizon for later.
The surge in commodity prices has many worried about skyrocketing food prices at home. But a look at how much the increase in raw commodities actually makes it to the plate, at least in the United States, shows that it is unlikely by itself to cause widespread inflation.
Whether they be Japanese housewives or folks in India and Indonesia energy and food prices matter – big time.
"I'm very excited about this year’s meeting, particularly because it's two years after the financial crisis. And we're beginning to see some real stabilization in the economy. As we prepare for a lot of interviews and the various sessions, I will be thinking about what pockets of the world will be critical to global economic growth," says CNBC's Maria Bartiromo.
Government policymakers in Davos this week looking to revive growth might want to emulate global mutual-fund managers, who are having no trouble finding growth stories across the developing world and in pockets of developed markets.
Though the US-China relationship often dominates the geopolitical trade debate, Beijing is now the top trading partner for Japan, Australia and South Africa, as well as South Korea, Hong Kong and Taiwan.
Political and business leaders invited to the World Economic Forum's annual meeting in Davos this week will sift through the blessings and curses of global interdependence that not only brought the world’s economies to a collective low three years ago but also provide the only realistic return to prosperity
Global leadership in the sector is still fragmented—the U.S. China, Brazil and Israel can all lay claim in certain fields—but there's no doubt the sector’s center of gravity is moving slowly from the developed economies to the emerging markets.
After decades of boom to bust behavior, economies from Mexico to Brazil are looking dynamic, diverse and durable, helped by a wealth of natural resources and a good measure of fiscal discipline.
The catchy and no doubt memorable phrase coined by Pimco boss Bill Gross amid the financial crisis is rapidly disappearing from Wall Street’s lexicon—and probably Davos' as well.
As demand for technology rises in the larger emerging markets, U.S.-based companies will find both more opportunities and competition for their products overseas.
See if you could your own at the meeting of economic, business and political leaders.
J.C. Penney plans to give board seats to the hedge fund Pershing Square Capital Management and Vornado Realty Trust, months after the two investors purchased big stakes in the retailer, people with direct knowledge of the matter told DealBook on Sunday, the New York Times reports.
A number of people, myself included, have looked to Ronald Reagan’s Cold War triumph over the Soviet Union as a possible solution to Red China’s rising arrogance. Times are different today. But Reagan argued forcefully that domestic economic growth is the best weapon against foreign threats.
Despite the public relations reality of the China-US trade deals, the $45 billion is real money, and some high-profile companies are now a lot better positioned in China than they were a week ago.
German gross domestic product will likely rise 3 percent in 2011, according to economists at Capital Economics. But their pick for next-strongest euro-zone economy tends to fly under the radar.
The Chinese need to “do a lot to ease restrictions on trade and investing,” Mudhar Kent, CEO of Coca-Cola, told CNBC Wednesday.
Despite criticism that it grows by keeping its currency weak to boost exports, China is actually increasing its domestic consumption very fast, Jim O'Neill, Goldman Sachs Asset Management chairman, told CNBC.
Today, China, Canada and the US all released their monthly trade data and there were some surprises.
Friday, analysts expect the Commerce Department to report the deficit on international trade in goods and services was $44.0 billion in October or 3.6 percent of GDP. The trade deficit and crippled regional banks starve U.S. businesses of the customers and capital needed to create jobs and fire up growth.