Responding to contemptuous condemnation, the Food and Drug Administration offered a blueprint to refurbish the way it monitors prescription-drug safety. This is evidently an apparent effort to deal with mounting criticism of its operations, the U.S....
President Bush has defended his economic policies amidst the growing allegations from the democrats that his economic policies have benefited the rich more than the middle class. George Bush sought to relax the nation's fears about...
The European Union's top financial regulator described the US legislation on online betting as protectionist and hinted that it may take a legal course before the World Trade organization. The US legislation has prohibited banks and credit card...
President George Bush's decision to ask Congress to renew his fast-track trade promotion authority has surely given relief to the U.S. trading partners. The recent development at White House in this regard is a clear sign of Washington's commitment...
Following a robust economic growth, British housing sector indicated a slow downing in January. According to Nationwide British house prices rose by 0.3 percent to mark slowest growth rate in past eight months. The latest figure reveals that the...
A decline in Japan's household spending coupled with rise in unemployment once again triggered speculations that whether interest rates will be raised soon. According to the latest figure, household spending dropped by 1.9 percent in December last...
U.S. exporters are quite upbeat over their booming business despite growing concern over huge trade deficit with China. As a matter of fact, the U.S. is in the middle of an export boom, partially offsetting the country's enormous trade deficit and...
At Davos, China suggests the rest of the world to respect its economic reform and advise them to clean their own houses first.
US lawmakers claimed that the yuan, or renminbi, is unfairly undervalued, which undermining the competitiveness of...
China's successful anti-satellite missile test has triggered an economic and political firestorm in the United States. China has recently conducted a missile test that shot down one of its own satellites and this has made explicit that why...
The White House is seeking to renew President George Bush's fast track authority to negotiate the global trade talks. The White House has urged the congress to renew this special power of the president to negotiate a trade deal which is schedule to...
Singapore's government aims to attract as much as $5.8 billion of manufacturing investment this year and hopes to generate 20,000 to 25,000 new jobs.
State's Economic Development Board also aims to attract as much as $1.8 billion in business...
South Korea's industrial output is declining, adding to signs of slow growth in Asia's third-largest economy. Production dropped by 0.3 percent from November.
The government's move to tighten lending regulations proved disastrous. Bank of Korea...
World Trade Organization Doha talks is not dead yet and there are strong signals given by the member countries to resume talks over the deal in the recently held meeting of leading commerce ministers in Davos. WTO Director General Pascal Lamy,...
Interestingly, steel export of China recorded a new high with exporting 43.01 million tones in 2006 despite cooling measures taken by the government and anti-dumping investigations launched by its trading partners. Steel producers of the U.S. and...
The U.S. housing sector has shown some signs of recovery with strong gains reported in sales of new homes in December, according to an official data released by the Commerce Department. The data indicated that new orders for costly manufactured goods...
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