The European Union wants its free trade agreement with South Korea to serve as the model for future pacts in other parts of Asia. Ignacio Garcia Bercero, the EU’s chief negotiator on the deal, said at a seminar Monday in Seoul that the FTA is very much the type of trade agreement that the EU […]
EU Sees South Korea Trade Deal as Model for Asia
Posted June 20th, 2011 at 3:05 am (UTC-5)
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New Internet Name Rule Opens Door to Huge Changes
Posted June 20th, 2011 at 1:50 am (UTC-5)
The organization that manages Internet domain names has agreed to changes that will dramatically increase the number of possible site names while opening up new branding opportunities for companies, cities and others. The change was overwhelmingly approved Monday in Singapore in a vote of the Internet Corporation for Assigned Names and Numbers. ICANN is expected […]
Week-Long TPP Session Opens in Vietnam
Posted June 20th, 2011 at 1:10 am (UTC-5)
Trade negotiators from nine countries are meeting in Vietnam at the start of a five-day free trade bargaining session. The talks, which opened in Ho Chi Minh City Monday, are aimed at reaching broad agreement on terms of the so-called Trans Pacific Partnership ahead of a November summit in Hawaii. The countries have already agreed […]
Japanese Exports Fall Again in May
Posted June 19th, 2011 at 10:10 pm (UTC-5)
Japanese exports in May dropped more than 10 percent from a year earlier, marking the third straight monthly decline. The government said Monday that exports shrank 10.3 percent to about $6 billion, while imports rose more than 12 percent, resulting in Japan’s biggest trade deficit since January 2009, when exports plunged in the wake of […]
Global Economy Facing Growing Dangers
Posted June 18th, 2011 at 12:55 am (UTC-5)
The International Monetary Fund warns recent trends in major economies are “not reassuring” and says chances are growing the global economy could stumble. The IMF’s World Economic Outlook released Friday says the global economy expanded at a rate of 4.3 percent for the first three months of the year. But it points to recent weakness […]
US Stock Indexes Finish Mixed Friday
Posted June 17th, 2011 at 4:30 pm (UTC-5)
Major U.S. stock market indexes finished mixed in Friday’s trading. The Dow Jones Industrial Average rose nearly four tenths of one percent to finish at 12,004, while the S&P 500 increased three-tenths of a percent to end the day at 1,272. The NASDAQ fell nearly three-tenths of a percent to finish at 2,616. European stock […]
Greece Crisis Sends Oil Prices Plunging
Posted June 17th, 2011 at 3:40 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Friday: Crude oil prices slid almost $2 to close at $93.01 a barrel, on concerns about the potential fallout from the Greek financial crisis. Investors are worried that Greece’s internal political arguments over austerity measures could allow its financial woes to spread, […]
UN Seeks High-Level Push at Climate Talks
Posted June 17th, 2011 at 3:10 pm (UTC-5)
The U.N. official in charge of international talks on climate change says world leaders must step in to save the meetings from an impasse. Summing up two weeks of talks in Germany that appeared to have made little or no progress, the U.N. meeting’s executive secretary, Christiana Figueres, said Friday that “high-level political guidance” is […]
US, European Stocks Edge Higher
Posted June 17th, 2011 at 12:35 pm (UTC-5)
The major U.S. stock market indexes posted gains in Friday’s midday trading. The Dow Jones Industrial Average rose six-tenths of one percent, while the S&P 500 rose almost six-tenths of a percent. The NASDAQ gained almost three-tenths of a percent. European stock prices closed higher. London’s Financial Times index gained three-tenths of a percent to […]
Data Suggests ‘Choppy’ Growth For US Economy
Posted June 17th, 2011 at 11:45 am (UTC-5)
The latest report on the United States economy suggests it will pull out of its recent slowdown over the next three to six months. A private research group said Friday its index of leading economic indicators rose eight-tenths of a percent in May after declining slightly in April. The New York-based Conference Board looks at […]
