Russia has fiercely charged the U.S. of illegally imposing sanctions against four major Russian defense firms, which are considered to be selling banned items to Iran and Syria in the eyes of the U.S. The Russian foreign ministry reacted sharply saying the U.S. is erroneously trying to force foreign[...]
Archive for July, 2012
July 6th, 2012 - 11:15 am § in News Of Economy
Russia accuses Washington of illegally imposing Sanctions
July 6th, 2012 - 11:15 am § in News Of Economy
Chavez bid for greater state control, a chilling message for US investors
Venezuela president Hugo Chavez in a shocking move for foreign investors indicated for fresh efforts to assert greater control over Venezuelan economy by announcing plans to nationalize power and telecoms companies. Sending a chilling message to foreign investors Hugo Chavez clearly indicated his in[...]
July 5th, 2012 - 11:14 am § in News Of Economy
Oil prices can fall to $40
Crude oil prices are continuously declining. Light sweet crude for February delivery went down 22cents to 56.09 a barrel on the New York Mercantile Exchange. February Brent at London’s ICE Futures exchange lost 4 cents at to 55.60 a barrel. Members of the Organization of Petroleum Exporting Co[...]
July 5th, 2012 - 11:14 am § in News Of Economy
EU-US talks for global trade fails to yield, but hope remains
European Union and U.S. leaders though have agreed to seek ways of resolving the deadlock over global trade talks, but no major breakthrough is in sight yet. It is like business as usual when both the parties say that they are agreed to seek news ways without mentioning what differences have been na[...]
July 5th, 2012 - 11:13 am § in News Of Economy
Canada launches trade offensive against US Farm Subsidies
Canada has launched fresh trade offensives against the U.S. over the subsidies the U.S. government provides to its farmers. Canada has alleged that the practice of providing billions in subsidies to farmers through U.S. farm bills has created unfair market advantage for the U.S. at the expense of Ca[...]
July 4th, 2012 - 11:12 am § in News Of Economy
Bangkok to further restrict foreign investment
Thailand cabinet approved the stricter foreigner ownership law and need two government consent to make it law. Thailand accuses the foreigner investors damaging a fragile economy already struggling from the military coup and the instability caused by recent bombings in Bangkok. The decision of cabin[...]
July 4th, 2012 - 11:12 am § in News Of Economy
U.S. Raise Royalty Rates by 4.2%
Interior Department accused Bush administration for failing to collect billions of dollars royalty from companies who pumped oil and gas on federal land and in coastal waters. Interior Department’s inspector general Earl E Devaney said that its officials rely on statements by oil companies rat[...]
July 3rd, 2012 - 11:11 am § in News Of Economy
US trade deficit narrows dramatically to lowest since July 2005
The U.S. trade deficit dramatically narrowed in November to its lowest level since July 2005. Unquestionably a weak dollar and robust economic growth overseas has helped pushing U.S. exports to a record level in November 2006. The commerce department has stated that the U.S. trade deficit reduced by[...]
July 3rd, 2012 - 11:11 am § in News Of Economy
WTO to embrace Vietnam as its 150th member
Road has been paved finally for Vietnam to become the member of World Trade Organization after a 12 year long wait. With the inclusion of Vietnam the total numbers of members will reach 150. Vietnam since long was trying to succeed in gaining WTO membership amidst growing concern for its economic gr[...]