The United States economy added 157,000 new jobs in May, the biggest expansion in two months as companies continued to employ despite the sluggish economy.
Robert Zoellick has dealt with the Cold War, the killing in Darfur, China's rise as an economic colossus. His next challenge: to restore confidence at the badly shaken World Bank.
Few towns in Paraguay's impoverished countryside have a stoplight, well-paved roads or a library. This remote farming community has all three, and residents cite one reason: soybeans.
Magallanes continues to figure as Chile's Region with the lowest unemployment according to figures released by the local chapter of the country's Statistics Office in Punta Arenas.
In order for current world economic growth rates to continue, it is crucial to keep the United States dollar from falling rapidly while also avoiding a recession, says a United Nations report released Wednesday.
The Chinese government trebled the stamp duty on the trading of shares in what analysts say is a bid to cool the country's overheated stock market. The tax will rise from 0.1% to 0.3% with immediate effect, Beijing said.
The Organization for Economic Development (OECD) says that world growth is being led by Europe and Japan, which is compensating for a United States slowdown. Actually economic growth in Europe and Japan this year has overtaken the US
Further liberalization of aviation and financial services and greater collaboration on clean energy technologies are among tangible results of high-level bilateral talks between the United States and China, according to U.S. officials. But no tangible results were arrived on the controversial currency reform issue.
Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a dramatic contraction in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices. U.S. and Japanese stock markets slipped following his remarks.
United States Treasury Secretary Henry Paulson urged China to address persistent trade and financial imbalances as bilateral high-level discussions kicked off in Washington.