The US government is ending a three-decade-old policy of subsidizing corn ethanol, but it appears that the loss of the 6 billion dollars annual benefit will have little impact on farmers.
United States Trade Representative Ron Kirk announced that the administration of President Barack Obama is intent in reaching a free trade agreement with South America and called for a greater opening of the Brazilian economy.
US consumer prices were flat in November as Americans paid less for cars and gasoline, while the 12-month inflation reading fell for the second straight month, which could give the Federal Reserve more room to help a still-weak economy.
Foreign direct investment (FDI) in Brazil expanded fourfold between 2005 and last year, from 162.8 billion to 660.5 billion dollars, the country’s central bank said on Thursday.
The US military officially ended its war in Iraq, rolling up its flag at a low-key ceremony with Defence Secretary Leon Panetta nearly nine bloody years after the invasion that ousted Dictator Saddam Hussein.
China will impose punitive duties of up to 22% on large cars and SUVs exported from the United States, China's Commerce Ministry said on Wednesday, the latest in a series of trade disputes between the world's two largest economies.
President Felipe Calderon criticized its powerful neighbour, United States during a speech in which he outlined the G20 agenda for the next twelve months, including the summit, which is under the presidency of Mexico.
United States continues to dialogue with Venezuela, Bolivia and Ecuador, countries where it has no ambassadors in an attempt to normalize relations, said State Department spokesperson Victoria Nuland.
Anti-Wall Street demonstrators, confronted by police in riot gear, marched on several West Coast ports on Monday seeking to disrupt cargo traffic and re-energize their protest movement.
The US unemployment rate fell to a two and half year low of 8.6% in November and companies stepped up hiring, further evidence the economic recovery was gaining momentum.