*Iran wants economic sanctions lifted. LONDON/ ANKARA, March 13- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.» Read More
In recent years, Washington has been a war zone in more ways than one. Forget homeland security--the partisan crossfire on Capitol Hill has been withering. It has been especially fierce within the committee that’s more important to American business than any other: the tax-writing House Ways and Means Committee. In the last Congress, Republican Chairman Bill Thomas of California and ranking Democrat Charles Rangel of New York were barely on speaking terms.
China has closed 180 food factories after inspectors found industrial chemicals being used in products from candy to seafood, state media said Wednesday.
Four U.S. senators unveiled a long-awaited bill on Wednesday boosting pressure on China to let its currency rise in value after the U.S. Treasury declined to brand the "undervalued" yuan a deliberate trade ploy.
A showdown is looming between the White House and Congress as the Senate prepares to introduce a bill that attempts to force China to loosen the reigns on its currency. Supporters of the legislation like Lloyd Wood from the American Manufacturing Trade Action Coalition say it’s about time for a crackdown, while critics like Daniel Ikenson from the CATO Center for Trade Policy Studies say legislation like this will only lead to an economic and diplomatic rift between the two world superpowers. The two analysts discussed their insights on “Power Lunch.”
World Bank presidential nominee Robert Zoellick said on Tuesday he believed a deal could be clinched in the Doha round world trade talks and that such an accord would give a big boost to development and growth.
Turning the tables on the United States amid growing worries over dangerous Chinese products, Beijing said Friday some health supplements and raisins imported from the U.S. failed to meet China's safety standards and have been returned or destroyed.
G8 leaders called for a prompt conclusion to long-delayed global free trade talks on Friday and the head of the European Commission said they displayed more urgency than in a failed push a year ago.
German companies defied the euro's surge against the dollar to achieve strong export expansion in April, although signs are mounting that the pace of growth has eased, preliminary data showed on Friday.
This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.
U.S. Treasury Secretary Henry Paulson said that some agreements made in recent economic talks with China will help create the basis for moving towards a market-determined currency exchange rate, but stressed the effort was a long path of small steps.
To University of Maryland business economist Peter Morici, the disadvantages resulting from U.S. trade with China are clear enough: China's 24% tariff on imports for one, and the United States' $6 trillion external debt resulting from imports for another.
Euro zone quarterly economic growth slowed as expected at the start of the year as consumer demand contracted and export growth plunged, data from European Union statistics office Eurostat showed on Friday.
There are many ways to play the Chinese market -- both directly and indirectly -- but a lot depends on your risk tolerance.
As the U.S. faces higher prices and adjustable mortgage rates, expect consumer spending to slow, economist Nigel Gault told “Morning Call.” But he also predicted that the slowdown may furnish some surprising benefits to America's economy.
China's Vice Premier Wu Yi in a speech Thursday night rebuffed U.S. demands for trade and currency reforms. President Bush commented that he was "disappointed." What does this mean for trade relations between the two key economic powers? Morris Reid, former Commerce Department aide under President Bill Clinton, and Kellyanne Conway, president and CEO of The Polling Company, gave their opposing views on "Morning Call."
James Moore, former Assistant Secretary of Commerce, told CNBC’s “Squawk Box” that trade talks with China earlier this week have produced “modest” results.
China is willing to promote flexibility of its currency, but it will keep the yuan "basically stable at a reasonable, balanced level," Vice Premier Wu Yi said on Thursday.
U.S. lawmakers stepped up pressure on China over trade on Wednesday, giving mixed reviews to high-level economic talks and urging China's top economic envoy to address complaints about China's currency.
This week saw a historic round of U.S.-China trade talks. What was the result? Greater Chinese pride, according to Krishna Guha, the chief U.S. economics correspondent for the Financial Times. He joined CNBC's chief Washington correspondent, John Harwood, to tell "Power Lunch" viewers what the talks produced -- and what domestic and global ripples to expect.
The U.S. and China concluded two days of high-level talks in Washington D.C. without an agreement on trade, but that may mean different things for voters and investors