Jan. 19 at 1:04 a.m.
Filed under:
China,
International,
Trade
By Michael Oneal
Before Thursday night’s big bash in Chicago where Mayor Richard Daley will welcome China’s President Hu Jintao to the Windy City, several business executives with Chicago connections met with the Chinese leader and President Barack Obama in a Wednesday afternoon gathering at the White House.
Attending the meeting were James McNerney, chairman and chief executive of Chicago-based Boeing Co. and Greg Brown, the president and chief executive of Motorola Solutions Inc. in suburban Schaumburg. Get the full story »
Jan. 17 at 9:58 a.m.
Filed under:
China,
Economy,
International,
Trade
By Reuters
A group of U.S. senators, on the eve of Chinese President Hu Jintao’s arrival in the United States, said the time has come for U.S. congressional action on China’s currency policies.
Democratic Senator Charles Schumer said Beijing’s currency practices give Chinese companies an unfair trade advantage and have acted like “a boot on the throat” of U.S. economic recovery. Get the full story »
Jan. 17 at 5:43 a.m.
Filed under:
Airplanes,
International,
Trade
By Reuters
European planemaker Airbus scored a surprise victory in the annual orders race against Boeing and celebrated the 10,000th plane sale in its 40-year history with a $5 billion order from Virgin America. A last-minute surge pushed Airbus past its U.S. rival for a third year as it held onto a net order market share of 52 percent in the face of a resurgent Boeing, which was hit by cancellations in 2009 due to delays to its 787 Dreamliner. Get the full story »
Jan. 13 at 10:19 a.m.
Filed under:
Economy,
Trade
By Reuters
The U.S. trade deficit narrowed unexpectedly in November as exports climbed to the highest level in more than two years, government data showed on Thursday.
The trade gap dipped to $38.3 billion from $38.4 billion in October, the Commerce Department reported. Analysts surveyed before the report had expected the November trade deficit to widen slightly to $40.5 billion from October’s originally reported $38.7 billion. Get the full story »
Jan. 12 at 12:37 p.m.
Filed under:
China,
Government,
International,
Markets,
Trade
By CNN
China is allowing U.S. currency traders to have a crack at its tightly controlled currency, the yuan, but analysts say the move will have more impact on international politics than markets.
“It’s a peace offering to the rest of the world,” said Dean Popplewell, chief currency strategist at the Toronto office of the Oanda Corp., a currency trading services company. Get the full story »
Jan. 12 at 9:39 a.m.
Filed under:
China,
Economy,
International,
Trade
By Reuters
China’s yuan currency remains “substantially undervalued” and it is in Beijing’s own interest to let it appreciate more rapidly to ward off inflation risks, U.S. Treasury Secretary Timothy Geithner said on Wednesday. Get the full story »
Jan. 4 at 12:49 p.m.
Filed under:
Energy,
International,
Trade
By Reuters
Enbridge Inc. plans to shut a U.S. Midwest oil pipeline twice over the next two months to make repairs, the company said Tuesday, putting more pressure on Canadian crude prices.
Enbridge, the largest carrier of Canadian crude exports to the U.S., plans a five-day shutdown of the 290,000-barrel-a-day Line 6B starting around Feb. 7, and another of the same duration around March 7, spokeswoman Lorraine Grymala said. Get the full story »
Jan. 4 at 5:43 a.m.
Filed under:
International,
Pharmaceuticals,
Trade
By Associated Press
Abbott Laboratories was refused copyright protection on its AIDS drug Kaletra by India’s patent office, allowing Cipla Ltd. and other generic-drug companies to continue selling copies. Get the full story »
By Associated Press
A beekeeper stirs honey at an apiary near Wuhan of Hubei Province, China. (China Photos/Getty Images)
Honey companies and importers are launching a program in January to try to stop the flow of illegally sourced honey from coming into the country.
The True Source Honey Initiative is an effort by a handful of producers and importers looking to certify the origin and purity of the honey sold to U.S. consumers in jars and products such as cereals, snacks and glazes. Get the full story »
Dec. 29, 2010 at 6:12 a.m.
Filed under:
China,
International,
Semiconductors,
Technology,
Trade
By Reuters
China has raised fresh international trade concerns after slashing export quotas on rare earths minerals, used in the manufacture of high-tech devices, risking action from the United States at the World Trade Organization.
China, which produces about 97 percent of the global supply of rare earth minerals, cut its export quotas by 35 percent for the first half of 2011 versus a year ago, saying it wanted to preserve ample reserves, but warned against basing its total 2011 export quota on the first half figures. Get the full story »
Dec. 13, 2010 at 10:10 a.m.
Filed under:
China,
International,
Taxes,
Trade
By Reuters
The U.S. government on Monday welcomed a World Trade Organization ruling that upheld President Barack Obama’s controversial decision last year to slap duties on Chinese-made tires to protect U.S. workers from a market-disrupting surge in imports.
“This is a major victory for the United States and particularly for American workers and businesses,” U.S. Trade Representative Ron Kirk said in a statement. Get the full story »
Dec. 10, 2010 at 10:25 a.m.
Filed under:
Economy,
Government,
International,
Trade,
Updated
By Reuters
The U.S. trade deficit narrowed much more than expected in October, as exports rose a robust 3.2 percent and imports declined slightly in the face of slackening demand for industrial and petroleum products, a Commerce Department report showed on Friday. Get the full story »
Nov. 29, 2010 at 2:47 p.m.
Filed under:
International,
Policy,
Politics,
Taxes,
Trade
By Reuters
Top U.S. and South Korean trade officials will meet Tuesday and Wednesday in Columbia, Maryland to try again to resolve differences blocking U.S. approval of a free trade agreement, U.S. officials said. Get the full story »
Nov. 26, 2010 at 12:27 p.m.
Filed under:
International,
Trade
By Reuters
Russian Prime Minister Vladimir Putin and German Chancellor Angela Merkel in Berlin on Nov. 26, 2010. (John MacDougall/AFP/Getty Images)
Russia may be able to join the World Trade Organization as soon as next year, completing over a decade and a half of membership negotiations, Prime Minister Vladimir Putin said on Friday.
“Regarding our possible accession to the WTO in 2011, I think this is possible, and we would like this to happen,” he said at a joint press conference with Chancellor Angela Merkel. Get the full story »
Nov. 11, 2010 at 11:27 a.m.
Filed under:
Economy,
International,
Policy,
Politics,
Trade
By Associated Press
A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies.
