Iran is keen to recover market share that evaporated under U.S. and European Union sanctions designed to keep its exports at around 1 million bpd, down from 2.5 million bpd in 2011. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear program in return for the removal of U.S., U.N. and European sanctions.» Read More
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.
Most Asian economies from Indonesia to India will deteriorate in the second half of the year because demand from both domestic and foreign buyers will weaken, according to Nomura. The exception is China, where monetary easing and fiscal policies are already starting to take effect and will help its economy rebound in the third quarter.
Greece might be in economic crisis mode and getting productivity levels up might take time, but there are signs of improvement according to one economist.
I am lucky enough to have met some bright and extremely patriotic Greeks who fully admit their country needs a radical overhaul. It’s these people Greece needs to help rebuild their broken state but these are very often the most mobile of people.
The global shipping industry has been treading water during the global economic slowdown but in the last 12 months the Baltic Dry Index, which measures the haulage costs of freight, has dropped around 40 percent.
CNBC's Rick Santelli breaks down the economic data on the international trade numbers.
The likelihood of Greece raising more funds through its privatization efforts this year is “very low,” the CEO of the Greek privatization program said on Tuesday.