Meltdown 101: From China to Luxembourg to the Caribbean, a look at what countries hold US debtWASHINGTON — Many Americans know that China holds the most U.S. Treasury debt, followed by Japan. But who would expect a group of Caribbean countries would collectively come in fifth? China will appeal WTO ruling that Beijing improperly restricts book, movie importsBEIJING — China will appeal a World Trade Organization ruling that ordered it to ease restrictions on imports of movies, music and books in a case brought by Washington, a Commerce Ministry spokesman said Monday. Mexico’s president supports idea of free trade deal with Brazil proposed by business sectorSAO PAULO — Mexican President Felipe Calderon says he supports the idea of a free trade agreement between Brazil and Mexico, the two biggest economies in Latin America. Half-life of the Zimbabwe dollar: Dead, but still used for political debates and for bus fareHARARE, Zimbabwe — A woman pays her bus fare with 3 trillion in old Zimbabwe dollars — the equivalent of 50 U.S. cents. The collector accepts the brick of neatly folded bundles of a trillion each without bothering to count the notes. Report: Product safety agency has no access to certain data on imported productsWASHINGTON — Despite the growing number of imports, the government’s product safety agency has no access to certain customs information that could help prevent the sale of unsafe products, congressional investigators say. Summary: WTO rules against China, but cheap pirated products make foreign goods a tough sellWHAT HAPPENED? A World Trade Organization panel on Wednesday said China is violating free-trade rules by forcing foreign movies, music, books and video games to be routed through Chinese state-owned companies, and by not allowing foreign partnerships in the realm of digital music. India seeks to bar US trade sanctions against countries that don’t accept climate policyBONN, Germany — India wants the new global climate change agreement to ban trade barriers targeting nations that refuse to accept limits on their carbon emissions, the chief Indian climate negotiator said Friday. Rebounds in France, Germany, stoke hopes of rise for European economyLONDON — Government programs to support the auto industry helped Germany and France return to economic growth in the second quarter, rebounds that stoked hopes the recession in the wider 16-country euro area may also end sooner than thought. Recession ends in France and Germany; Hopes rise for European economyLONDON — Government programs to support the auto industry helped Germany and France return to economic growth in the second quarter, rebounds that stoked hopes the recession in the wider 16-country euro area may also end sooner than thought. France, Germany return to growth, hopes rise for European economyLONDON — Government programs to support the auto industry helped Germany and France return to economic growth in the second quarter, rebounds that stoked hopes the 16-country euro area may recover sooner than thought. Euro area contracted only 0.1 percent in Q2 after unexpected growth in Germany, FranceLONDON — The recession in the 16 countries that use the euro eased substantially between April and June after unexpected growth in Germany and France, the euro zone’s two largest economies, official figures showed Thursday. China says it might appeal WTO ruling on movie, music imports, insists imports ‘unimpeded’BEIJING — China said Thursday it might appeal a World Trade Organization ruling that it improperly restricts distribution of foreign movies, music and books and insisted it does not impede imports. Trade deficit widens, imports up for first time in 11 months, exports post 2nd straight gainWASHINGTON — The U.S. trade deficit edged up in June as imports rose for the first time in 11 months and exports rose for the second straight month, confirming that the global recession is easing its grip. Oil prices rise after US government reports rising imports and IEA lifts forecastNEW YORK — Oil prices rose Wednesday as the market reacted favorably to signs of an increase in future demand in China and a further loosening of the recession’s grip in the U.S. Oil prices rise after US government reports rising importsNEW YORK — Oil prices rose Wednesday as the government reported that Americans were regaining their appetite for imported goods and a European energy watchdog said demand for crude this year may not be as weak as once thought. US wins blockbuster WTO ruling that could offer American companies new business in ChinaGENEVA — The World Trade Organization backed the United States Wednesday in a major trade battle with China, issuing a ruling that could ease tight controls and open markets for U.S. makers of everything from DVDs to books and music downloads. Trade deficit widens slightly in June to $27 billion as imports rise for 1st time in 11 monthsWASHINGTON — The U.S. trade deficit edged up slightly in June as imports rose for the first time in 11 months, another sign that the worst recession since World War II is beginning to loosen its grip on the economy. Oil prices fall as Labor Department report suggests worker pay may not improveEnergy prices slumped Tuesday on a Labor Department report that suggested consumer spending, a major economic driver, may be depressed for some time as companies cut back. UK trade deficit widens more than expected in June; economists forecast future narrowingLONDON — Britain’s trade deficit widened a little more than forecast in June, official figures showed Tuesday, suggesting that weakness in the pound is not benefiting exporters quite as much as expected. Singapore economy grows revised 20.7 percent in second quarterSINGAPORE — Singapore revised slightly higher its economic growth in the second quarter, but warned U.S. consumption must pick up to sustain the recovery. Government reports China’s exports fall 22.9 percent in July, imports down 14.9 percentBEIJING — The decline in China’s imports accelerated in July despite a rise in economic growth, while exports also fell more sharply amid weak global demand, data showed Tuesday. Chinaese exports fall 22.9 percent in July, imports down 14.9 percentBEIJING — China’s government says the decline in the country’s exports and imports accelerated in July amid weak global consumer demand. Obama-Calderon meeting friendly, but leaders remain at odds over drug war, truckingGUADALAJARA, Mexico —President Barack Obama pressed for a new tone in the United States’ relationship with Mexico but found no immediate progress Sunday on the divisions between him and Mexican President Felipe Calderon over the pace of U.S. drug-fighting aid and a ban on Mexican trucks north of the border. Obama gets gentle with Mexico, finds none in return
With flu season near, Obama, Calderon talk preparation during summit of North American leadersGUADALAJARA, Mexico —President Barack Obama pressed for a new tone in the United States’ relationship with Mexico but found no immediate progress Sunday on the divisions between him and Mexican President Felipe Calderon over the pace of U.S. drug-fighting aid and a ban on Mexican trucks north of the border. Marchers protest amid heavy security at summit of leaders from US, Mexico and CanadaGUADALAJARA, Mexico —About 400 people marched outside the North American Leaders Summit on Sunday to protest the negative affects of free trade and to demand benefits for retired Mexican laborers who worked in the U.S. With flu season coming, swine flu preparation tops agenda at North American summitGUADALAJARA, Mexico —When President Barack Obama visited Mexico in April, the now-global swine flu epidemic — unbeknownst to the White House — had just begun here and an Obama aide returned home sick. Clinton says Chinese seem reassured on US financial health, ‘breathing a little easier’WASHINGTON —Secretary of State Hillary Rodham Clinton says she thinks the Chinese “are breathing a little easier” about the health of the U.S. financial system. South Korea, India sign free trade agreement to boost commerce, exchangeSEOUL, South Korea — South Korea and India signed an ambitious free trade agreement Friday that slashes tariffs, encourages investment and promotes exchange of skills in a bid to double fast-growing commerce between two of Asia’s biggest economies over the next decade. South Korea, India sign broad agreement to boost trade, investmentSEOUL, South Korea — South Korea and India signed a broad trade agreement Friday to slash tariffs on goods and services in a bid to increase commerce between two of Asia’s biggest economies. |
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GUADALAJARA, Mexico —President Barack Obama pressed for a new tone in the United States’ relationship with Mexico but found no immediate progress Sunday on the divisions between him and Mexican President Felipe Calderon over the pace of U.S. drug-fighting aid and a ban on Mexican trucks north of the border.
