China and the US resolved several thorny trade disputes on Thursday even as Beijing confirmed it was investigating potential dumping of US-made cars in the Chinese market.
Companies that have invested in Mexico could be affected if the Mexican congress approves a change that would put an end to tax benefits that allow businesses to consolidate their earnings and losses, in order to pay less taxes, said specialized foreign trade consultant firm IQOM. The changes proposed by the federal government are being analyzed by Congress and could be incompatible with expropriation rules under the North American Free Trade Agreement (NAFTA) that Mexico, Canada and the United States have had since 1994.
The U.S. trade gap narrowed unexpectedly in August as trade in services pushed exports slightly higher and imports fell by a fractionally larger amount, a U.S. Commerce Department report showed on Friday.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
The World Trade Organization is expected to rule today that billions of dollars in European government subsidies for Airbus aircraft are illegal, handing victory to the U.S. and Airbus rival Boeing in the first round of the WTO dogfight between the world's biggest aircraft manufacturers.
Prices at the pump held steady over the past two weeks, leaving the nationwide average at $2.64 for a gallon of self-serve regular gasoline, according to a survey published Sunday.
The United States hailed a World Trade Organization ruling to open Chinese markets and ease controls on the import of U.S. films, DVDs, music downloads and books.
China and the US resolved several thorny trade disputes on Thursday even as Beijing confirmed it was investigating potential dumping of US-made cars in the Chinese market.
Companies that have invested in Mexico could be affected if the Mexican congress approves a change that would put an end to tax benefits that allow businesses to consolidate their earnings and losses, in order to pay less taxes, said specialized foreign trade consultant firm IQOM. The changes proposed by the federal government are being analyzed by Congress and could be incompatible with expropriation rules under the North American Free Trade Agreement (NAFTA) that Mexico, Canada and the United States have had since 1994.
The U.S. trade gap narrowed unexpectedly in August as trade in services pushed exports slightly higher and imports fell by a fractionally larger amount, a U.S. Commerce Department report showed on Friday.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
The World Trade Organization is expected to rule today that billions of dollars in European government subsidies for Airbus aircraft are illegal, handing victory to the U.S. and Airbus rival Boeing in the first round of the WTO dogfight between the world's biggest aircraft manufacturers.
Prices at the pump held steady over the past two weeks, leaving the nationwide average at $2.64 for a gallon of self-serve regular gasoline, according to a survey published Sunday.
The United States hailed a World Trade Organization ruling to open Chinese markets and ease controls on the import of U.S. films, DVDs, music downloads and books.
Americans are still far too dependent on foreign oil, and states aren't doing enough to change that, according to a study by an environmental group ranking states on an "oil vulnerability" scale.
Gasoline prices, which have surged 19 cents in the past 20 days, are not far from the highest level industry analysts expect this summer, but they remain well below last year's record.
After the release of a miserable June jobs report, President Obama stood with a group of green company CEOs and told reporters that "men and women like these will help lead us out of this recession and into a better future."
It's been one year since drivers across America were stuck paying the highest gas prices on record, and the memory is not a pleasant one for consumers.
In a much needed break for cash-strapped drivers, the national average price for a gallon of gas fell below $2.50 for the first time since May, motorist group AAA said Thursday.
The cynical view is tempting: World leaders have made yet another feel-good, empty pledge they will forget as soon as they return to their domestic concerns.
The European Union and United States accused China of restricting the export of key raw materials used in the production of steel and other industrial products in a complaint filed Tuesday with the World Trade Organization.
Gas prices are creeping towards $3 a gallon and consumers are getting squeezed. That has many analysts worried that another painful summer driving season will stifle an economic recovery.
Memorial Day travel is expected to rebound this year, thanks to a decline from 2008's record gas prices and discounts on hotels, the motorist group AAA said Tuesday.
The round of baggage fees that came last year may have annoyed the heck out of customers, but according to government figures, they were a billion-dollar lifesaver for cash-strapped airlines.
There's plenty of economic pain to go around these days because of the recession. Now there's this: Gas prices have surged nearly 10% over the past two weeks.
For most Americans, Topic A in the auto industry right now is the fate of GM. Mike Jackson, 60, the outspoken CEO of the nation's largest auto retailer, AutoNation, has some definite opinions about that subject--and we'll spell them out below. But his own Topic A today is the level of gas prices, which he thinks intolerably low. Here is the conversation that he and FORTUNE senior editor at large Carol Loomis had a few days ago.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
Prices at the pump have edged up slightly over the past two weeks, bringing the national average close to $2.00, according to a survey published Sunday.
President Obama visited Canada on Thursday in his first foreign trip as head of state, meeting with Canadian Prime Minister Stephen Harper to discuss a range of complicated economic and military issues.
Diplomacy will play a bigger role in U.S. efforts in Afghanistan in future even as the Pentagon announced a significant troop increase, President Barack Obama said Tuesday in an interview on Canadian television.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States' largest trade partner.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
The gap between the nation's imports and exports narrowed in December to a six-year low, according to a government report Wednesday. The gap for the year turned sharply lower and marked the second straight year of shrinking annual trade deficits.
While America reels from the worst economic crisis since the Great Depression, it is time that we take a deeper look at the root causes of our current predicament.
The Senate on Wednesday night agreed to soften a 'Buy American' provision in its economic stimulus package, clarifying that the clause will not override the United States' existing trade treaties.
The Senate agreed Wednesday to soften a "Buy American" provision in its economic stimulus package, clarifying that the clause will not override existing U.S. trade treaties.
With fuel prices so low, consumers may be wondering when it will be reflected in smaller bills. But as airlines, taxis and truckers scrounge for additional revenue, surcharges formerly tagged for fuel remain - albeit by a different name.
The nation's trade deficit narrowed sharply in November, to the lowest level in 5 years, reflecting the sharp drop in the price of imported oil, according to a government report released Tuesday.
Gasoline prices rose for the sixth straight day Monday, according to a nationwide survey of gas station credit card swipes - a sign that oil companies expect higher demand later this year.
Gas prices increased for the third straight day Friday, to an average of $1.626 for a gallon of regular unleaded gas, according to motorist group AAA. That's nearly a one-cent jump from the previous day's average of $1.618.
As 2009 approaches, plummeting oil prices have sent the price of gasoline to the lowest level in nearly five years, according to a daily survey of gas station credit card swipes.
Gasoline prices dropped for their second day in a row after four straight days of increases, according to a daily survey of gas station credit card swipes.
Gasoline prices continued to drift upward Wednesday after breaking 86 straight days of declines over the weekend, according to a daily survey of gas station credit card swipes.
Gas prices posted gains this weekend for the first time in 86 days, according to a national survey of credit card swipes. But on Monday fuel prices began to retreat again.
New York on Friday joined the other 47 states in the contiguous United States with an average gasoline price below $2 a gallon, according to a motorist group's survey, leaving just Alaska and Hawaii above the milestone.
Gasoline prices continued their steady descent Friday, with the average national price in a motorist group's survey falling for the 79th consecutive day.
The average gas price in the United States fell below $1.80 a gallon Thursday for the first time since early 2005, according to a daily survey of gas station credit card swipes.
President-elect Barack Obama announced New Mexico Gov. Bill Richardson as his pick for secretary of commerce on Wednesday, calling him a "leading economic diplomat for America."
Gas prices have been in decline for the past 77 days as the slowing economy has driven down the price crude oil, according to a daily survey released Wednesday.
Gas prices fell for the 76th consecutive day and sold below $2 a gallon in all but three states and the District of Columbia, according to a daily survey of credit-card swipes at gas stations released Tuesday.
Gas prices fell for the 75th consecutive day on Monday, and sold below $2 a gallon in all but three states and the District of Columbia, according to a daily survey of credit-card swipes at gas stations.
Gas prices fell to their lowest level since 2005, coming within 4 cents of $1.80 a gallon, according to a daily survey of gas station credit card swipes by motorist group AAA.
Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.
There was little doubt that Barack Obama was "Europe's candidate" in the US presidential election. High hopes are invested in him still across Europe's capitals. But as EU leaders contemplate the next president's daunting in-tray their hopes are more than ever tinged with a little nervousness.
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