Economy

Friday, July 29th 2011 - 06:32 UTC
Claims China is ‘circumventing’, via US, to avoid Brazil anti-dumping tariffs

Brazilian newspaper Estado de Sao Paulo revealed documents from Chinese company Sun Falcon International Inc. offering triangulation scheme through Los Angeles port, the busiest container port in the US, to avoid Brazilian anti-dumping tariffs.
Friday, July 29th 2011 - 06:27 UTC
Brazil has not been ‘soft’ on Argentina and on imports from China

Brazilian officials brushed aside claims from exporters that the country has been ‘soft’ on Argentina and on imports from Asia, mainly China, arguing that trade figures indicate something different and “you can’t have it both ways, liberal and protectionist”.
Thursday, July 28th 2011 - 20:39 UTC
US unemployment benefit claimers dropped last week for the first time since April

The number of US citizens claiming new unemployment benefits last week dropped below the 400,000 level for the first time since early April, a hopeful sign for the US economy which has struggled to regain momentum.
Thursday, July 28th 2011 - 20:30 UTC
Second rescue plan “too tough for Greece, too light for private creditors”

Representatives of leading emerging market countries at the IMF have warned the Fund's management against pouring more large sums of money into Greece's second bailout, the Financial Times reported on Thursday.
Thursday, July 28th 2011 - 20:23 UTC
Top IMF official joins White House as special assistant on international economic affairs

International Monetary Fund's external relations director Caroline Atkinson resigned Thursday after being appointed the as a White House special assistant to the president for international economic affairs.
Thursday, July 28th 2011 - 11:32 UTC
Venezuela remains committed to compensate oil companies, says minister

Venezuela said it remains committed to compensating Exxon-Mobil and Conoco-Phillips for nationalized oil assets, as long as the amount is reasonable and either settle by mutual agreement or set by the World Bank’s arbitration panel.
Thursday, July 28th 2011 - 11:27 UTC
US economic recovery slowed down in June says Fed’s Beige Book

The pace of United States economic growth slowed last month in eight of the 12 Federal Reserve Districts, the central bank said Wednesday in the latest edition of its Beige Book report.
Thursday, July 28th 2011 - 11:21 UTC
Santander Latam’s profits insufficient to compensate EU poor performance

Spain's Banco Santander CEO Alfredo Saenz announced Wednesday its second-quarter net profit fell 38% as growth in Latin America was offset by weaker results in crisis-hit Europe and a one-time charge in Britain
Thursday, July 28th 2011 - 06:27 UTC
China, Japan, UK, oil countries and Brazil, top holders of US Treasury bonds

While US politicians remain divided on how to raise the government's ability to borrow, with a key deadline less than a week away, how is the current 14.29 trillion dollars in federal debt split, according to stats from the Treasury Department?
Thursday, July 28th 2011 - 06:22 UTC
The US government debt ceiling: what did Eisenhower do back in 1953?

Should the US follow the example of President Dwight Eisenhower back in 1953, asks Alex J Pollok, resident fellow at the American Enterprise Institute and Anne Canfield president of Canfield & Associates, Washington, D.C. in an article published in The American Journal of the AEI.