Longstanding dream of dealing oil in Euro in place of dollar, of Hugo Chavez seems to be taking shape as Iran has announced to shift its foreign currency reserves from dollar to euro. Therefore, now euro will be used for all oil deals of Iran in response to the increasing pressure on the economy mou[...]
Posts Tagged ‘U.S’
July 9th, 2012 - 11:21 am § in News Of Economy
Tehran dropped dollar for overseas transactions, future oil deals in euro
July 9th, 2012 - 11:21 am § in News Of Economy
U.S.-China Economic Dialogue: Skepticism prevails on both sides
The recently held U.S.-China strategic dialogue is now triggering fierce debate in both the countries. The U.S. Treasury Secretary Henry Paulson now seems to be heading towards a clash with the new Democratic-controlled Congress on China issue following his softened criticism of China’s curren[...]
July 9th, 2012 - 11:20 am § in News Of Economy
Venezuela-U.S. trade soaring high despite political tensions
Despite uneasy relation between Venezuela and the U.S. the trade relationship between these two countries are souring high. No matter, even if Hugo Chavez has launched an incessant tirade against the U.S. but it seems these political outbursts from both sides, has nothing to do with the economic rel[...]
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 6th, 2012 - 11:15 am § in News Of Economy
Russia accuses Washington of illegally imposing Sanctions
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[...]
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[...]
June 27th, 2012 - 11:00 am § in News Of Economy
Efforts gaining momentum to revive WTO talks, but key issues still unresolved
As the meeting of trade ministers at Global Economic Forum in Davos drawing closer, the European Union’s chief trade negotiator Peter Mandelson said that efforts to restart stalled global trade talks are now gathering momentum and showing new vigor. However, he preferred to deject the expectat[...]
June 18th, 2012 - 10:46 am § in News Of Economy
US to drag China at WTO over subsidies
The United States has begun legal action at the World Trade Organization (WTO), accusing China of using subsidies and implementing tariff, to harm US firms after failing to resolve the dispute bilaterally. US lawmakers and manufacturers have urged the administration to do more to force China to its [...]
June 18th, 2012 - 10:45 am § in News Of Economy
Beef row could overshadow US-Korea trade
South Korea rejects three successive US beef shipments as fragmented bone were found in the consignments. South Korea agreed last year to lift a three-year ban on beef imports from the US after Seoul conceded, allowing boneless beef, as it was banned after an outbreak of mad-cow disease in the Unite[...]
May 2nd, 2012 - 1:10 pm § in News Of Economy
US and EU signs new transatlantic agreement
To augment trade at lower cost, the United States and the European Union have agreed for US-EU single market concept. The agreement is designed to enhance transatlantic trade and investment by harmonizing regulatory standards. Both developed sides showed green signal for an Open Skies deal, designed[...]