NUSA DUA, Indonesia, Dec 7- The World Trade Organization cleared the way for its first ever worldwide trade reform on Saturday after Cuba dropped a threat to veto the package of measures, sources involved in the talks said.» Read More
As we reported this morning, John Edwards – the Democratic vice presidential candidate in 2004 – announced his bid for the presidency in 2008 today while in New Orleans. CNBC’s John Harwood and Newsweek White House correspondent Richard Wolffe were on “Power Lunch,” discussing what an Edwards win would mean for Wall Street.
John Edwards officially announced his candidacy today for the presidential nomination of the Democratic party in 2008. He was in New Orleans this morning when he spoke with CNBC’s John Harwood and Michelle Caruso-Cabrera on “Morning Call.” Edwards talked about some of the key platforms for his campaign.
President Bush revived some 20 tax breaks, extended trade benefits for developing countries and protected doctors from a big cut in Medicare payments by signing sweeping tax and trade legislation.
U.S.-based Westinghouse Electric has won a two-year battle for a multibillion-dollar nuclear power deal with China, edging out French and Russian rivals.
U.S. Treasury Secretary Henry Paulson said Friday that China has pledged greater exchange rate flexibility but gave no timetable as the two sides wrapped up high-level talks aimed at strengthening shaky relations.
The first day of talks between the U.S. and China has ended--and we have more from CNBC's Carl Quintanilla in China. Earlier--we told you about the two countries battling over currencies. The U.S. wants the yuan to appreciate higher. China's not so sure it wants to let that happen--though the yuan did trade at it's highest level today since 2005.
Matt Cuddy is the CNBC Washington Bureau News Director on assignment in China with "Squawk Box" host Carl Quintanilla--covering the U.S. and Chinese economic talks. Here are his "behind the scene" impressions of the trip so far: On our first night in Beijing we walked around Tiananmen Square to burn off some jet lag. We met a couple young elementary school teachers who heard us speaking English....
The commodity trader and advisor talks about coffee, gold and “the laughter factor” with CNBC’s Liz Claman, in cnbc.com’s exclusive Outlook '07 series.
Joseph Quinlan is a big picture kind of guy. He was named to the new post of chief market strategist at Bank of America in August 2003, but the world is his oyster. He is a leading expert on global capital flows and the transatlantic economy.
The Bush administration is sending its highest level delegation to China next week led by Treasury Secretary Hank Paulson, Fed Chairman Ben Bernanke and six cabinet members. Everything from currency to the trade deficit to intellectual property rights is on the agenda. On today’s Power Lunch, CNBC’s Sue Herera took a hard look at what needed to happen to make this trip a success.
The new movie "Blood Diamond" hasn't even hit theaters (it opens on Friday) but already it's stirring up quite a bit of controversy--over the use of so-called "conflict diamonds" to fund some of Africa's bloodiest civil wars. Given the sensitive subject matter, the diamond industry--which logs about half of all sales this time of year--has launched a massive PR campaign to offset any potential consumer backlash.
Kim Jong-il has been a very naughty dictator. So Uncle Sam is making sure the North Korean leader will get little but coal in his Christmas stocking. William Reinsch, president of the National Foreign Trade Council, told Carl Quintanilla on “Squawk Box” that the U.S. is taking a novel approach to fighting a totalitarian menace: by cutting off his pipeline of luxury imports.
The European Union will investigate whether imports of Chinese plywood are breaking its anti-dumping rules, the latest case involving China's booming exports to Europe, the bloc's Official Journal said on Thursday. Cut-price Chinese imports of okoume plywood, used in the construction, furniture and other sectors -- were hit with EU anti-dumping duties of up to 66.7% in 2004 after a probe that was opened by the executive European Commission.