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China has appealed a World Trade Organisation (WTO) decision against its restrictions on the import of US DVDs and other media products. The WTO settlement had said China was breaching international trade rules by blocking foreign-owned firms from being importers and wholesalers.
United States President Barack Obama said he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. Meantime in Europe, officials kept up pressure for a deal to curb bankers' pay and bonuses at a two-day summit of leaders from the Group of 20 countries, which begins on Thursday.
United States credit rating agencies will face tighter supervision under new rules adopted by the US financial watchdog.
The United States and Cuba have begun talks on resuming direct mail service, which has been suspended since 1963. US Deputy Assistant Secretary for Western Hemisphere Affairs Bisa Williams is leading the delegation to the negotiations in Havana.
Brazil's JBS, the world's biggest beef producer, agreed this week to buy a controlling take in bankrupt US poultry producer Pilgrim's Pride and JBS' Brazilian beef rival Bertin.
United States Trade Representative Ron Kirk said on Thursday the administration of President Barack Obama was interested in promoting a bilateral trade agreement with Brazil, even when it could mean bypassing Mercosur.
The United States economy has not begun to climb out of the worst recession since the Great Depression but the 'terror' that followed last year's near-collapse of the financial system is gone due in part to government intervention, billionaire investor Warren Buffett said this week in California.
Uruguay and the United States expressed concern Tuesday that recent weapons purchases could lead to an arms race in South America. In a joint appearance, Uruguayan President Tabare Vazquez and Secretary of State Hillary Rodham Clinton also pledged co-operation on trade, scientific research and other fields.
United States Senator Richard Lugar, the ranking Republican on the Foreign Relations Committee, introduced a bill Tuesday to extend US trade benefits to Uruguay. The move he says would increase pressure on Brazil to deepen commercial ties.
Rich Americans who have evaded taxes by hiding their foreign holdings have about a week to decide whether to turn in to an Internal Revenue Service amnesty program or gamble that they will not be caught.