OPEC meeting: Saudi oil minister says crude markets ‘in good shape,’ output cut seen unlikelyVIENNA — Saudi Arabia’s oil minister said Tuesday that crude markets were “in good shape,” boosting expectations OPEC will use its meeting this week to stress member compliance with output quotas — instead of cutting production. Among the millions of jobless people, a few are also running their own businessesPORTLAND, Ore. — Until this summer, salesman Jorge Ocampo had always been what he calls a W-2 man. Proof was the Mercedes he bought with cash. But he had always longed to be his own boss. Where’s the clove? Cigarette importer tries cigars to get around flavored-cigarette banRICHMOND, Va. — The nation’s top distributor of clove cigarettes is offering fans a new way to get their fix after the spice-flavored cigarettes are banned later this year — cigars. A year after meltdown, economy sets out tough questions, difficult choicesNEW YORK — Where do we go from here? With oil prices settling in, OPEC not expected to cut crude outputVIENNA — With oil prices about where OPEC wants them and a modest economic upturn in the offing, the oil cartel isn’t likely to tighten the taps when its leaders meet this week in Vienna. Airplane trade ruling may seem outdated in age of government subsidies, bailouts, takeoversWASHINGTON — The World Trade Organization’s ruling that European loans for Airbus were illegal subsidies is being cheered by U.S. lawmakers loyal to the Boeing Co., even though the preliminary decision may seem outdated now that government subsidies, bailouts and takeovers are common. World trade body ruling on Boeing and Airbus harkens back to time before government bailoutsWASHINGTON — The World Trade Organization’s ruling that European loans for Airbus were illegal subsidies is being cheered by U.S. lawmakers loyal to the Boeing Co., even though the preliminary decision may seem quaint in a world where government subsidies, bailouts and takeovers are now commonplace. World body says Boeing rival Airbus got illegal aid _ a trade victory for US aviation giantWASHINGTON — In a victory for Boeing Co., the World Trade Organization sided with the American aviation giant Friday in finding that European countries had provided billions in illegal subsidies to chief competitor Airbus. Boeing wins big trade victory _ world body rules that European rival Airbus got illegal aidWASHINGTON — In a major victory for Boeing Co., the World Trade Organization sided with the American aviation giant Friday in finding that European countries have provided billions in illegal subsidies to chief competitor Airbus. Rep. Dicks: WTO rules Airbus received illegal subsidies in trade dispute with USWASHINGTON — The World Trade Organization has ruled that the European Union provided illegal subsidies to Airbus for its aircraft, a House Democrat said Friday. WTO says it has given confidential ruling on Airbus-Boeing dispute to EU, USGENEVA — The World Trade Organization on Friday handed the United States and European Union its long-awaited intial decision in their dispute over government financing for airplane makers, but didn’t reveal the result of the confidential ruling. WTO expected to rule Friday on long-running trade dispute between Airbus and BoeingWASHINGTON — The World Trade Organization is expected to release a long-awaited decision Friday on whether Airbus received an unfair boost from billions of dollars in European government aid as it moved past Boeing to become the world’s top producer of commercial airplanes. WTO ruling on Airbus-Boeing dispute could start to loosen planemakers’ lock on marketWASHINGTON — However the World Trade Organization rules Friday on a trade dispute between Boeing and Airbus, its decision could help slowly loosen the grip the two plane makers have held on the lucrative market for commercial planes. Boeing, Airbus expect long-awaited WTO ruling in Round 1 of battle over airliner subsidiesGENEVA — Boeing and Airbus expect to find out Friday who won the first round in their epic trade dispute, when the World Trade Organization rules on a five-year-old U.S. complaint that argues European governments unfairly financed Airbus’ climb to world No. 1 planemaker. Investigator: Some safety checks still lacking for US road travel of Mexican trucks, busesWASHINGTON — Some Mexican passenger buses are not being inspected when they enter the U.S. because they cross the border on evenings and weekends, there are no inspectors or the crossings lack safe places for inspections, according to a government audit made public Wednesday. WTO: Brazil can put $295 million in annual sanctions on US goods because of cotton subsidiesGENEVA — American goods will face around $295 million in annual sanctions as a result of the United States’ failure to eliminate illegal subsidies to U.S. cotton growers, the World Trade Organization ruled Monday. Official: WTO allows Brazil to put sanctions on US products in cotton spat, but value unclearGENEVA — A Brazilian official said Monday that the World Trade Organization has authorized Brazil to target U.S. products in retaliation for the United States’ failure to eliminate illegal subsidies to American cotton growers. EU signs interim trade pact with Seychelles, Mauritius, Zimbabwe and MadagascarBRUSSELS — The European Union signed a temporary trade pact Saturday with Mauritius, Seychelles, Zimbabwe and Madagascar calling for tariffs on European goods to be removed over the next 15 years. Trademark wars: US goods sold under famous Cuban brands an issue if trade relations easeSAN JOSE DE LAS LAJAS, Cuba — Cuban rum maestro Jose Navarro’s taste buds sing when he sips Havana Club, the sweet spirit distilled in this farming town south of the capital. Judge rules Tessera miniaturization patents valid but says they weren’t infringedSAN JOSE, Calif. — The U.S. International Trade Commission issued a preliminary ruling saying that patents held by Tessera Technologies Inc. are valid but were not infringed, Tessera said Friday. Tie between energy costs and the weak dollar on display in end-of-week tradingHOUSTON — The effect of the weak dollar is again pushing oil prices higher in the face of little demand for energy and huge surpluses of crude. Falling dollar continues to drive up the cost for energy as investors rush to energy marketsHOUSTON — The effect of the weak dollar is again pushing oil prices higher in the face of little demand for energy and huge surpluses of crude. AP answers your questions on the news, from lawmakers’ health benefits to Hawaii’s monarchyMillions of Americans could be affected by the health care overhaul that’s being hashed out in Congress. Will that include the few hundred of them who serve in the House and the Senate? Asian markets fall on word China plans to curb capacity in steel, cement industriesBANGKOK — Most Asian stock markets fell Thursday after China said it will curb overcapacity and excessive investment in industries such as steel and cement, adding to worries about whether a global economic recovery is sustainable. European shares opened flat to slightly higher. Japan’s export decline worsens in July, points to fragile economic recoveryTOKYO — Japan’s exports fell 36.5 percent in July from a year earlier as an emerging rebound in global demand lost steam, the government said Wednesday. German business sentiment improves in August, according to Ifo Business Climate IndexFRANKFURT — German business confidence improved for a fifth consecutive month in August as the economy showed signs of recovery from its deep downturn, a closely watched survey said Wednesday. Product recalls this week include DVD players, ceiling fans, bicycle trailersNEW YORK — DVD players that could catch fire, a child’s bicycle trailer with a faulty wheel and a ceiling fan that could come crashing down on your head are among the recalled products this week. Combating climate change creates new kind of crime: Carbon crooks can cash in on credit tradeAMSTERDAM — Customs agents this week arrested nine people in the London area suspected of a multimillion dollar fraud in trading carbon permits, bringing attention to a rich new field for crime sprung from the fight against climate change. Oil falls below $69 in noon European trading amid global stock selloffVIENNA — Oil prices fell below $69 a barrel Wednesday after a selloff in world stock markets cast doubts on the speed with which global demand for energy might recover. German investor confidence rose sharply in August, closely watched ZEW survey saysFRANKFURT — Investor confidence in Germany, Europe’s biggest economy, rose sharply in August as hopes grew that the economy will recover faster than previously expected, a closely-watched survey showed Tuesday. |
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