LONDON, Oct 23- On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war. Following the U.S. mid-term elections next month, Congress will take up the issue again, a debate that would benefit from an understanding of the history...» Read More
China said Thursday it might appeal a major World Trade Organization ruling that told Beijing to ease restrictions on imported movies, music and books in its latest trade dispute with Washington.
The trade deficit widened slightly to $27 billion from $26 billion last month. It was $65 billion just 11 months ago. Exports were up $2.4 billion to $125.8 billion and imports were also up by $3.5 billion to $152.8 billion (thus the deficit of $27 billion.)
While all commodities move in cycles, sugar in India is a case study in feast-to-famine swings in which bountiful crops are followed by anemic harvests every two or three years.
The worst may not yet be over for the global economic crisis as world trade could continue to contract by another 10 percent in volume terms this year, Pascal Lamy, director general of the World Trade Organisation, told CNBC.
Stocks edged lower on Thursday as the market gave back some of its gains from this week's rally. Investors weighed a mixed bag of earnings results against jobless claims data. Read and listen to what the experts had to say...
Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.
Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.
Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.
Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.
South Korea's central bank on Friday revised up its economic forecasts for the whole year and the next year as the economy enjoyed its fastest quarterly growth for 5-½ years in the second quarter
South Korea's central bank held interest rates steady at a record low for a fifth consecutive month on Thursday, in a widely expected move to support an only nascent recovery in Asia's fourth-largest economy.
In an attempt to decrease excessive speculation, U.S. commodities regulators aim to introduce large trading limits on oil, natural gas and possibly other commodities.
South Korea's finance ministry on Thursday upgraded its economic forecast for 2009 and pledged to maintain its expansionary policy stance to ensure a recovery in Asia's fourth-largest economy.
South Korea's key consumer sentiment index in June rose for a third consecutive month to a near two-year high despite repeated cautioning by policymakers on the state of the economy, central bank data showed on Thursday.
The South Korean government will pump an additional $3 billion into the Korea Investment Corp (KIC) this month to enable the sovereign wealth fund to resume overseas investment, a finance ministry official said on Friday.
The financial reform should include some way of separating banks' proprietary trading from commercial banking, although a return to regulation similar to the Glass-Steagall Act would be impractical, legendary investor George Soros wrote in the Financial Times.
The leaders of South Korea and the United States told North Korea to drop its atomic ambitions and stop threatening the region while media reports on Wednesday said Pyongyang was moving ahead with plans to launch a long-range missile.
President Barack Obama said on Tuesday that auto, beef and other trade issues with South Korea must be resolved before he will ask Congress to vote on a two-year-old free trade agreement with the longtime ally.
The Nasdaq's 50-day moving average crossed over its 200-day moving average last week. Expect the same for the Dow and S&P in the days ahead.
There was more evidence Thursday that the United States economy might be stabilizing, if not rebounding, even as economic reports in Europe remained gloomy, the New York Times reported.