Japan’s export fall by smallest margin in 6 months as recession easesTOKYO — Japan’s exports in June fell by the smallest margin in six months, adding to evidence that global demand is recovering as the recession loosens its grip. Clinton to offer North Korea normal relations, economic aid if it completely scraps nukesPHUKET, Thailand — U.S. Secretary of State Hillary Rodham Clinton plans to tell North Korea that it can avoid “unrelenting” sanctions and win normalized relations with the U.S. by completely scrapping its nuclear program. Officials say Obama administration largely wins WTO dispute with China over CDs, DVDs, booksGENEVA — The U.S. has largely prevailed in a trade dispute with China over restrictions on the sale there of American CDs, DVDs, books and computer software, two officials familiar with the ruling have told The Associated Press. Clinton says allies agree on need for North Korea’s ‘irreversible denuclearization’PHUKET, Thailand — North Korea must completely and irreversibly end its nuclear weapons program or face further isolation and “the unrelenting pressure” of international sanctions, U.S. Secretary of State Hillary Rodham Clinton said Wednesday. Pakistan foreign minister: Despite Mumbai bombings, relations with India ‘back on track soon’PHUKET, Thailand — The stunning confessions of the lone surviving gunman in the bloody Mumbai attacks will not set back the peace process between archrivals Pakistan and India, Pakistan’s foreign minister said Wednesday. APEC extends pledge to raise no new trade barriers amid global recessionSINGAPORE — A group of Pacific Rim countries, including the U.S., China and Japan, extended by a year an agreement to raise no new barriers to trade and investment. UN climate expert warns US not to bully developing countries with tariffs on imported goodsWASHINGTON — The head of a U.N. panel on the science of climate change says trade tariffs in a House-passed bill to limit heat-trapping pollution have only served to irritate international negotiations and could undermine U.S. efforts to persuade developing countries to enter into a new global warming treaty. Peabody Energy’s 2Q earnings slide; tumbling shares drag down other major producersST. LOUIS — Peabody Energy’s second-quarter earnings tumbled by two-thirds, falling well short of Wall Street expectations as the coal miner released a long-awaited, full-year outlook far lower than analyst forecasts. Clinton, counterparts from India, signing agreements on trade, civilian nuclear reactorsNEW DELHI — U.S. Secretary of State Hillary Rodham Clinton and Indian Foreign Minister S.M. Krishna are announcing agreements to expand American access to key Indian markets. Security conference to focus on ‘two devils,’ US to stress its Asian roleBANGKOK — The United States is expected to trumpet its comeback onto the Asian scene after years of neglect as a major security conference tackles the seemingly intractable issues of North Korea’s nuclear threat and political repression in Myanmar. Singapore’s exports drop 11 percent in June from year earlier, show little sign of improvementSINGAPORE — The slump in Singapore’s non-oil exports eased only slightly in June, suggesting the city-state’s economy still faces a tough battle after emerging from recession in the second quarter. US trade enjoy Kirk promises enforcement of trade rights to save, create American jobsPITTSBURGH — U.S. trade envoy Ron Kirk said Thursday the Obama administration would take steps to save American jobs and create new ones by better enforcing the country’s trade rights around the world. China’s growth accelerates on stimulus boom, boosting Asian stocks on hopes for recoveryBEIJING — China’s second-quarter growth accelerated on a stimulus-fed investment boom, the government reported Thursday, sparking a rise in Asian stocks on hopes the world’s third-largest economy could help to lead a global recovery. Mozambican economy grows despite financial crisis, but starting to show signs of weaknessMAPUTO, Mozambique — Government officials say the Mozambican economy is on target for growth this year despite feeling the effects of the international financial crisis. US official says US committed to pushing for change in MyanmarWASHINGTON — A senior U.S. official on Wednesday defended the United States’ ability to push for democratic change in Myanmar, saying an unfinished Obama administration review of Myanmar policy has not hindered U.S. diplomacy with the military-run country. US has no plans to meet with North Korea at ASEAN meeting next weekWASHINGTON — The United States says it has no plans to meet with North Korean officials at a summit in Thailand next week. US, China announce clean energy research center; US calls on Beijing to avoid trade barriersBEIJING — The United States and China, the world’s biggest greenhouse gas emitters, announced plans for a joint clean energy research center Wednesday as the American commerce secretary appealed to Beijing to avoid imposing trade barriers on green technology. German manufacturing work force down 2.3 percent over past yearBERLIN — The German manufacturing sector’s work force decreased by 2.3 percent in the year to May, its sharpest decline in five years, government data showed Wednesday. Central bank says China’s foreign reserves have risen to $2.13 trillionBEIJING — China’s foreign reserves rose to $2.13 trillion at the end of June despite a trade slump, data showed Wednesday, and analysts said that suggested the flow of foreign money into stocks and real estate was rising. World markets await Goldman Sachs earnings, US retail sales dataLONDON — World markets rallied Tuesday, with Japan’s main index snapping a nine-day losing streak, as investors expected U.S. banks to report upbeat second quarter earnings. But the optimism was tempered by concern about upcoming U.S. retail sales data. World markets buoyed by US bank hopes ahead of earnings releasesLONDON — World markets rallied Tuesday, with Japan’s main index snapping a nine-day losing streak, as investors expected U.S. banks to report upbeat second quarter earnings. Survey: German investor confidence slips in July after 8-month increaseBERLIN — Investor confidence in Germany, Europe’s biggest economy, slipped in July after an eight-month rise as worries over bank lending clouded optimism over improving industrial data, a closely watched survey showed Tuesday. Singapore says economy jumps 20 percent in second quarter, raises 2009 growth forecastSINGAPORE — Singapore’s economy grew for the first time in a year, soaring 20 percent in the second quarter, a sign Asia is emerging from the global slump. Goldman Sachs upgrade gives world markets a lift as focus turns to US bank earningsLONDON — European and U.S. stock markets spiked higher Monday after a respected banking analyst stoked hopes that this week’s earnings from some of the U.S.’s leading banks may well surprise to the upside. Goldman Sachs upgrade gives world markets a boost as focus turns to US bank earningsLONDON — European and U.S. stock markets rose Monday after a well-respected banking analyst stoked hopes that this week’s earnings from some of the U.S.’s leading banks may well surprise to the upside. Bank upgrade boosts world stocks as all eyes turn to US second-quarter earningsLONDON — European stock markets and Wall Street futures rose Monday as a well-respected banking analyst stoked hopes that this week’s earnings from some of the U.S.’s leading banks may well surprise to the upside. European stocks edge up as investors focus on key US earnings; Japan’s Nikkei down againLONDON — European stock markets rose modestly Monday despite big losses in Asia as investors awaited a raft of U.S. earnings this week. European stocks flat as investors focus on key US earnings; Japan’s Nikkei down againLONDON — European stock markets traded in a tight range Monday despite big losses in Asia as investors held back from staking out positions ahead of a raft of U.S. earnings this week. Asian stocks extend losses amid economic jitters, Japan political uncertainty; Europe flatHONG KONG — Asian markets extended their slide Monday as hopes for a strong economic turnaround continued to fade amid new political uncertainty in Japan and worries over earnings results from major U.S. companies. European markets were little changed in early trade. South Korean president says announcement of free trade deal with EU likely imminentSEOUL, South Korea — South Korea and the European Union are ready to announce the conclusion of their free trade talks, President Lee Myung-bak said ahead of a meeting Monday with Sweden, the current chair of the rotating EU presidency. |
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