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[...]
Posts Tagged ‘US’
July 5th, 2012 - 11:14 am § in News Of Economy
EU-US talks for global trade fails to yield, but hope remains
June 23rd, 2012 - 10:54 am § in News Of Economy
US plans strategic economic restrictions on China, a balancing act for military concern
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 Washington is increasing uncomfortable with Beijing[...]
June 21st, 2012 - 10:51 am § in News Of Economy
EU describes US betting law protectionist, hints legal action before WTO
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 companies to process online bets placed by the US[...]
June 16th, 2012 - 10:42 am § in News Of Economy
Japan considering joining US against China at WTO
Japan is considering joining the U.S. to file a complaint with the World Trade Organization against China. Japan has alleged that China, its largest trading partner, provides Chinese companies preferential taxes in order to gain unfair advantage against foreign firms. The U.S., on the other hand, ha[...]
June 14th, 2012 - 10:40 am § in News Of Economy
US Congress lashes out on Japan over weak yen, Bush throws protecting cover
House Democrats have escalated pressure on the Bush administration to persuade Japan to strengthen yen. Democrats are arguing that the weakness of yen is encouraging Japanese imports at the cost of US manufacturers. Undervalued Yen as alleged by western countries is giving a tough to time to them as[...]
June 9th, 2012 - 10:31 am § in News Of Economy
US promises to write off $391 million Liberian debt, multilateral debt still remains a problem
The US government has decided to write off $391 million bilateral debt that it has given to Liberia immediately and to work with the World Bank and IMF with great urgency to find a solution to the $2.1 billion debt that Liberia owes the multilateral organizations. The decision was announced by the s[...]
June 6th, 2012 - 10:27 am § in News Of Economy
EU envisages world to adopt its business policies
European Union is considering promoting its business regulations internationally as it wants other jurisdiction to follow business norms set by the EU. A policy paper of European Commission calls on the EU to persuade other nations to adopt EU business regulations. The report further outlines that E[...]
June 6th, 2012 - 10:26 am § in News Of Economy
US and EU trade zone gathers momentum, still far off to reach a deal
The US and European Union are inching closer to create an ambitious transatlantic trading zone, as diplomats have hinted that in the forthcoming summit in April a date for creation could be set. The basic idea of this initiative is to harmonize and integrate rules and regulations between the world&#[...]
May 29th, 2012 - 1:52 pm § in News Of Economy
US, EU forces India to contemplate slashing import duties on wines, spirits
After the EU and the US complained to the WTO about India over high import duties on wines and spirits recently, the Indian government on Wednesday hinted at cutting tariffs. Under increasing pressure from two economic major blocs, India has officially stated that it was open to the idea of reducing[...]
May 24th, 2012 - 1:45 pm § in News Of Economy
China aims to join Latin American bank IADB
China is planning to join the Inter-American Development Bank, Latin America’s largest financing institution, with a view to fuel its economic development and increase its influence in the region. In the meanwhile, the US withdrew its opposition to China joining the Inter-American Development [...]