posted: 12/05/2013 3:29 a.m.
The U.S. trade deficit narrowed in October for the first time in four months as exports climbed to a record, the Commerce Department reported Wednesday.
posted: 12/05/2013 3:19 a.m.
QUOTE OF THE DAY “We are starting to see some recoveries abroad, and in general, stronger global growth is going to lead to a pickup in export growth over time.” Jay Bryson, Wells Fargo Securities global economist
posted: 12/04/2013 3:22 a.m.
Iran hopes to use a meeting of OPEC oil ministers today as a launchpad for its return as a dominant force in global crude markets after months of sanctions. It faces resistance, however, from regional rival Saudi Arabia.
posted: 12/04/2013 3:20 a.m.
Top trade officials began talks Tuesday that will either produce an eleventh-hour deal to help the global economy by as much as $1 trillion or hurt the World Trade Organization’s relevance as a forum for negotiations.
posted: 12/04/2013 3:15 a.m.
QUOTE OF THE DAY “Not only do they have to deal with rising U.S. production, they have to deal with the fact that they hate each other.” Phil Flynn, oil analyst, on the OPEC delegations from Saudi Arabia and Iran
posted: 12/01/2013 2:29 a.m.
TOKYO — Japanese Prime Minister Shinzo Abe’s government has approved a plan to end a four-decade-long policy that has helped to sustain the nation’s 1.2 million rice farms.
posted: 11/30/2013 2:43 a.m.
LONDON — Welcome news on inflation and unemployment on Friday will ease pressure on the European Central Bank to act again next week to shore up the 17-country eurozone economy. But they do little to ease longer-term worries over the recovery.
posted: 11/30/2013 2:39 a.m.
MEXICO CITY — Mexican drug cartels looking to diversify their businesses long ago moved into oil theft, pirated goods, extortion and kidnapping, consuming an ever-larger swath of the country’s economy.
posted: 11/30/2013 2:34 a.m.
TOKYO — Japan’s economy is gaining momentum, data for October showed, with consumer prices excluding food and energy rising 0.3 percent from a year earlier, the biggest gain since 1998. However, household spending remained tepid, as incomes slipped from the same month a year ago.
posted: 11/30/2013 2:32 a.m.
CANBERRA, Australia — Archer-Daniels-Midland Co.’s $2 billion takeover of GrainCorp Ltd. was blocked Friday by Australia, prompting a record drop in the share price of east coast Australia’s biggest crop handler and a slide in the local currency.
posted: 11/28/2013 3:11 a.m.
As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world’s largest market for new cars is creating a market for used vehicles.
posted: 11/28/2013 3:08 a.m.
Robin Young of Amur Minerals Corp. wants to dig for nickel and copper in Siberia where forbidding winters and poor roads make it tough to haul in equipment. His best option: Fly it in with zeppelins.
posted: 11/28/2013 3 a.m.
The European Central Bank said the risk to financial stability from global market turbulence has increased in the past six months, even as measures of systemic stress have declined.
posted: 11/28/2013 2:58 a.m.
QUOTE OF THE DAY “The plaintiffs have utterly failed to establish irreparable harm.” U.S. Bankruptcy Judge Sean Lane, on challenges to AMR Corp.’s proposed merger with US Airways Group Inc.
posted: 11/27/2013 3:11 a.m.
QUOTE OF THE DAY “We overproduced a bit in 2012, and we had quite a few excess birds left over in freezers.” Tom Elam, FarmEcon LLC president