United States Trade Representative Susan C. Schwab announced Thursday that China has agreed to terminate subsidies that the US alleged were illegal under World Trade Organization (WTO) rules.
Exports of Argentine wine are set to rise 20% this year to record levels, with a weak local currency giving the country's vineyards a competitive edge, according to a study published over the weekend.
A long-awaited world trade deal will remain out of reach until developing countries agree to open their markets to more United States farm goods, the head of the largest US farm organization said yesterday.
Latinamerica is the emerging markets region that will most feel the impact of the slowing of the United States economy and the credit crunch according to a report from the Economist Intelligence Unit, EIU, released this week.
Former Federal Reserve Chairman Alan Greenspan speaking in Norway on Friday said he has no particular regrets and that the deepening slump in the US housing market isn't a result of his policies.
Costa Rica's president on Wednesday signed into law a much debated controversial free trade agreement with its Central American neighbors, the United States and the Dominican Republic.
United States Treasury secretary Henry Paulson said mortgage defaults will worsen in 2008 and lenders should act aggressively to offer new loan terms to avert an economic calamity, the Wall Street Journal online said.
Copper prices fell on Wednesday to an eight-month low, below 3 US dollars per pound, on the London Metal Exchange after rising dramatically last week due to several earthquakes in northern Chile's mining region. However the monthly average for copper remains at 3.21 US dollars.
The Organization for Economic Cooperation and Development, OECD said on Wednesday that overall losses caused by the U.S. mortgage market crisis could hit 300 billion US dollars and the broader credit crunch could yet inflict greater damage on equity markets.
China's soy oil purchases will represent 45% of world's imports by the end of last September up 25% from seven years ago according to a report from the Beijing government supported Shanghai Daily”.