BRUSSELS, July 28- EU members have backed the imposition of anti-dumping duties on imports of cold-rolled flat stainless steel from China and Taiwan, according to sources familiar with the decision. The European Union will charge tariffs of between 24.3 and 25.3 percent for sheet, coil and strip imports from China and of 6.8 percent for Taiwanese product,...» Read More
Japanese auto and tech companies risk having their credit ratings downgraded if the dispute between Asia’s two biggest economies is prolonged, Fitch Ratings cautioned on Tuesday.
As trade tensions between the U.S and China heat up, with both countries filing complaints to the World Trade Organization (WTO) on Monday, experts say the grumbling is no more than posturing in a politically important year for Beijing and Washington and should fizzle out eventually.
CNBC's Phil LeBeau reports the President has filed a complaint with the World Trade Organization, accusing China of $1 billion in illegal subsides for exports of cars and car parts.
Some Japanese firms like Panasonic and Canon shut down factories in China on Monday after violent protests over a territorial dispute, but regional strategists say the disruption to business will be short-lived as the two trade partners cannot afford to let the situation get out of hand.
Ngozi Okonjo Iweala, Finance Minister of Nigeria and Coordinating Minister for Economy debunks claims of how China might be exploiting Africa in certain unsavory regimes.
The U.S. Government’s high debt levels are a greater cause of concern than those of euro zone countries, says Li Daokui, a former Chinese central bank adviser, urging the world’ largest economy to push ahead with reforms to put its fiscal house in order.
After a robust 2011, when loan growth came in at 14 percent, Hong Kong’s banking sector will be facing “significant” headwinds this year as demand for credit slows and low equity-raising activity by corporates crimp revenues, according to consulting firm KPMG.
As if to counter increasing market chatter about China’s inability to meet its 2012 growth targets, Chinese Premier Wen Jiabao on Tuesday pledged that the country’s growth momentum remained intact and promised to tap into its massive fiscal stability fund if necessary.
On Tuesday, the Commerce Department reported the deficit on international trade in goods and services was $42.0 billion in July, up slightly from $41.9 billion in June.
CNBC's Rick Santelli breaks down the better-than-expected numbers on international trade.
Latin America’s second-largest economy—Mexico— wants to reduce economic dependence on the United States, says President Felipe Calderon, who warns of “very weak growth” from its northern neighbor.
Dimitris Tsitsiragos, Vice President of MENA for International Finance Corporation says investment and trade can help create jobs in the Middle east and North African regions.
Turkey’s dependence on imported oil is hampering its growth, and is likely to continue doing so as the country’s prosperity increases, regional analysts and energy experts say.
Germany’s finance minister ruled out making more concessions to help Greece, on the eve of talks with U.S. Treasury Secretary Timothy Geithner, who has urged euro zone leaders to act, the FT reports.
The Trans-Pacific Partnership will provide a boost of confidence to the seesawing global economy, create more jobs, and speed access to lucrative markets for American goods and services, says FedEx exec Michael Ducker.
"We like JPMorgan going into this quarter," says Betsy Graseck, Morgan Stanley, discussing what to expect from JPM's quarterly numbers and conference call later this morning.
CNBC's Rick Santelli breaks down the data from the Commerce Department on wholesale trade.
CNBC's Rick Santelli breaks down the latest numbers on international trade.
As Spain announces further austerity measures in the face of a forecast of 0 percent growth in 2013, the country needs “unequivocal support” from Europe, Patrick Armstrong, Managing Partner at Armstrong Investment Managers, told CNBC.
Companies in Indonesia, Southeast Asia’s largest economy, are the most optimistic in Asia, with almost 9 out of 10 firms expecting their businesses to improve in the third quarter of the year, while Hong Kong, whose open economy is increasingly tied to mainland China, is the most pessimistic, according to a quarterly survey conducted by Standard Chartered.