SEOUL, Feb 23- South Korea's central bank opted for stability on Thursday, keeping its interest rates unchanged for an eighth straight month as it faces declining consumer confidence, trade challenges, and a government in turmoil from a political scandal. South Korea has worried that its exports are at risk from U.S. President Donald Trump's threatened trade...
Chinese sources said the first meeting between the two leaders will be on the sidelines of the G20 summit in July, the SCMP reports.
*China's January trade balance was+ $51.34 billion (prelim. +$51.35 billion), according to revised data published by China's customs bureau on Thursday. *Customs said China January dollar-denominated import and export growth were +16.7 pct and +7.9 pct, respectively, unchanged from preliminary figures announced February 10.
Chinese workers said American investment in factory towns like their's was a "win-win" and that President Trump was wrong in claiming they stole U.S. jobs.
Factory employees in Jiaxing, China have different views from President Trump when it comes to manufacturing and trade. Eunice Yoon take a closer look.
WASHINGTON, Feb 22- The U.S. International Trade Commission said on Wednesday that subsidized bus and truck tires imported from China had not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on the products. In 2015, U.S. imports of more than 8.9 million truck and bus tires from China were worth $1.07 billion.
The portfolio changes from firms including T. Rowe Price, Federated Investors and Fidelity come amid uncertainty over the fate of the North American Free Trade Agreement and a possible tax on goods produced in Mexico as well as new U.S. immigration guidelines. Knudsen said his team is shifting its portfolios into stocks such as Wal Mart de Mexico, the Mexican...
ConAgra CEO Sean Connolly speaks to CNBC about the border tax issue and the importance of innovation to spur growth.
The U.S. International Trade Commission said subsidized bus and truck tires imported from China had not damaged the U.S. industry.
World Trade Organization Director General Roberto Azevêdo discusses the WTO's trade facilitation agreement, trade in the Trump era, enforcing trade rules and Brexit.
GENEVA, Feb 22- A global agreement to boost trade by cutting red tape and streamlining border checks came into force on Wednesday, promising a 0.5 percent lift to the world economy by 2030 even as it faces renewed protectionism from the United States. World Trade Organization Director General Roberto Azevedo hailed the start of the pact, which he said was the "...
LISBON, Portugal— Portugal is finding it hard to please the International Monetary Fund. Despite fighting its way out of a financial crisis, cutting the budget deficit to its lowest level in more than 40 years and boosting growth through exports, the IMF says Portugal must do more. The IMF said in a report Wednesday that Portugal must reduce its government and...
Edward Conard, business and economy expert, explains why he likes a proposed border adjusted VAT tax.
GENEVA— The first multilateral trade agreement reached under the World Trade Organization since it was created over a generation ago has taken force, aiming to streamline cross-border trade to the benefit of the developing world in particular. WTO Director-General Roberto Azevedo said Wednesday that the required two-thirds of member states have...
GENEVA, Feb 22- A World Trade Organization agreement to cut red tape and streamline border checks came into force on Wednesday, with expectations of a 0.5 percent boost to the world economy by 2030, WTO Director General Roberto Azevedo said. "The trade facilitation agreement is the biggest reform of global trade this century," Azevedo told a news conference.
WORLD TRADE ORGANIZATION CHIEF AZEVEDO SAYS LANDMARK TRADE FACILITATION AGREEMENT CAME INTO FORCE ON WEDNESDAY.
With commodity prices rallying off historical lows over the past year, pricing in "robust" expectations, but now, markets need to see real demand, Goldman Sachs said.
HONG KONG, Feb 22- Hong Kong handed out billions in tax cuts and poverty relief on Wednesday, to stimulate its economy that is expected to grow more strongly than expected at 2 to 3 percent this year despite headwinds from rising global trade protectionism. Financial Secretary Paul Chan said in his maiden annual budget address that stronger exports and jobs,...
Loretta Mester, president of the Cleveland Fed, talks about the uncertainty over U.S. trade policy.
The Mexican peso leaped 2 percent against the dollar, briefly breaking past 20 to hit its strongest versus the greenback since Nov. 10.