ISTANBUL, Nov 21- Rating agency Standard& Poor's said on Friday it expected Turkey's current account deficit, its main economic weakness, to remain close to 5.3 percent of output until 2017, with falling oil prices helping the economy to rebalance. The agency, which affirmed its unsolicited BB+ rating, one notch below investment grade, said it saw elevated policy...» Read More
Asian governments should avoid export bans to address the rising price of food and instead help the poor with fiscal measures to alleviate the impact, the Asian Development Bank (ADB) said on Tuesday.
South Korea agreed on Friday to open its market to U.S. beef, boosting prospects for a sweeping trade deal, ahead of a Camp David summit between leaders of the two allies later in the day.
CME Group, the world's largest derivatives exchange, Monday forged a definitive agreement to buy energy and precious metals mart NYMEX for about $9.4 billion.
China reported a big drop in its trade surplus on Monday as imports surged and exports sagged, but economists were wary of reading too much into the data because of distortions from the timing of the Lunar New Year.
South Korea's central bank held interest rates steady for a seventh consecutive month on Friday, as widely expected, but economists said rates have probably peaked and may head down from as early as next month.
South Korean February exports rose more than expected over a year before, while the trade deficit shrank sharply from January, alleviating worries a slowing global economy is denting demand for the country's products.
One of the great, unchallenged, political assertions out there right now is that NAFTA costs American jobs. Hill-Bama busied themselves with this protectionist canard during their debate last night. It happens to be nonsense.
The impact of the turmoil in the international financial markets on Romania is likely to be limited, as the country enjoys robust economic growth and private lending is still at low levels, Economy and Finance Minister Varujan Vosganian told CNBC.com on Thursday.
China will surpass Germany as the world's biggest exporter of goods this year, German Economy Minister Michael Glos said on Monday.
The euro zone swung into a trade deficit in December as the euro remained strong, with exports flat and imports growing fast, the European Union's statistics office said on Friday.
South Korean exports in January grew more than expected despite a slowing U.S. economy but firmer oil prices pumped the trade deficit up to the biggest in 11 years, data showed on Friday, dealing a blow to the won.
Exports to the United States have fallen and sentiment among Japanese manufacturers has hit a two-year low, clouding the outlook for Japan's export-reliant economy amid financial market mayhem that has prompted talk of a cut in interest rates.
China's economy grew 11.4% in 2007, the fastest pace in 13 years, but slowed in the final months of the year as global demand weakened and measures to curb inflation and bank lending started to bite.
China overtook the United States as Japan's biggest export destination in 2007 for the first time in modern history, a symbolic move that has softened the impact of a deepening U.S. slowdown on the Japanese economy.
While a panel discusses the interdependence of world economies and a lesser reliance on the U.S. consumer to drive growth, the financial and investing gurus in the hall watch stocks tumble on the prospect of a U.S. recession.
British Prime Minister Gordon Brown arrived in a snowy Beijing on Friday on a short trip to boost trade with the world's fastest-growing major economy and to discuss human rights and democracy.
The euro zone's trade surplus shrank more than expected in November amid a strong euro as imports grew faster than exports, the European Union's statistics office said on Thursday.
British Prime Minister Gordon Brown travels to China and India in the next few days, knowing that boosting trade with the fast-growing countries could be vital at a time when the credit crunch hits growth elsewhere.
Indian Prime Minister Manmohan Singh meets his Chinese counterpart on Monday on a trip in which the world's two fastest-growing major economies will seek to put aside a lingering border dispute to build trade and investment.
China's trade surplus for all of 2007 jumped by 47.7 percent to a record $262.2 billion, but detailed figures released on Friday suggested that policies to reduce the imbalance are starting to bear fruit.