GENEVA, July 24- India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.» Read More
Pros say there is little to stop the dollar decline until US officials start curbing deficits or the Fed starts boosting interest rates.
The number of recalls of tainted Chinese goods in the United States has fallen 40 percent in the past year, but more need to be done to reduce that further, Inez Tenenbaum, Chairman of the U.S. Consumer Product Safety Commission told CNBC.
Companies that import solar panels to the United States are facing up to $70 million in unexpected tariffs. The bill comes at a time when the industry is already struggling and could hurt both foreign solar panel makers and foreign and American distributors.
The global economic crisis may have damped the appetite for high-end goods, but one small daily luxury — gourmet tea — has been posting surprisingly strong sales, prompting some tea brands to consider expanding around the world.
The Chinese obsession with American chicken feet could actually prevent a trade war.
China is threatening to cut off imports of American chicken, but poultry experts have at least one reason to suspect it may be an empty threat: Many Chinese consumers would miss the scrumptious chicken feet they get from this country.
The economy faces a big test next month when the government starts winding down its massive support programs, banking analyst Meredith Whitney told CNBC.
Oversight of the financial system is going to be much more rigorous and will include steps such as higher capital requirements for large institutions, which are so deeply interconnected that the failure of one could bring about a failure of the entire financial system, President Barack Obama told CNBC Monday.
Shares of menswear manufacturer Dayang Trands soar in Shanghai after a state-run Chinese newspaper relays Warren Buffett's enthusiastic praise of the company and its business suits.
The growing US trade dispute with China could pose a significant threat both to US markets and the economic recovery, analysts say.
An acrimonious trade dispute between China and the US is officially about tires, chickens and cars but is really much broader, the New York Times reports.
South America, which boasts a range of basic resources and agriculture, is showing signs of rebounding from the global recession. But political uncertainty continues to plague the continent.
Chinese stocks have unusually determined global market direction lately, bringing equities crashing down earlier this week, and talk about an end of the rally has intensified.
India could become an investment magnet among emerging markets if economic reforms are put into effect and if the new coalition government finds way to fix the country's crumbling infrastructure, experts interviewed by CNBC said.
Throughout its long economic boom, China has usually managed to separate its aggressive push into the global business arena from domestic politics, which remained tightly controlled by the Communist Party. But events this week raise the question of just how long it will be before the two meet.
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...