The Asia-Pacific Economic Cooperation (APEC) member economies have decided to initiate the Free Trade Area of the Asia-Pacific (FTAAP) process, marking the official launch of the FTAAP, Chinese President Xi Jinping said here Tuesday.
U.S. stocks rose Thursday, with the Dow Jones Industrial Average and the S&P 500 closing at record highs for a second day, as investors embraced upbeat data from the country and dovish comments from European Central Bank President Mario Draghi.
The sharp decline in global oil prices is “a little bit too much,” although the fundamentals of the market remain solid, OPEC Secretary-General Abdalla El-Badri said Thursday.
The International Trade Commission (ITC) of the United States on Thursday said in a final ruling that an American industry is materially injured by reason of imports of non-oriented electrical steel (NOES), a cold-rolled and flat-rolled alloy steel product, paving the way for the U.S. government to levy punitive duties on the products.
World food prices dropped for the seventh consecutive month in October, their longest decline in nearly two decades, though the latest dip was small and UN Food and Agriculture Organization officials said prices were stabilizing.
The Eurogroup finance ministers here on Thursday discussed the follow-up to Greece’s economic adjustment program, and supported granting Greece a precautionary credit line.
“Ministers broadly conquered with the Commission’s assessment. Economic recovery in the eurozone has lost the momentum after a relatively good start with positive growth in the first quarter,” Dijsselbloem told a press briefing after the Eurogroup finance ministers meeting.
6(Xinhua)–European Commissioner for financial services Jonathan Hill here on Thursday expressed his resolve to set up an EU capital markets union n. Concerning financial stability,he said good regulation underpins financial stability.
A reading of the index above 50 indicates that the manufacturing economy is generally expanding and a reading below 50 indicates the economy is generally declining g.
Ford Motor Co. said Tuesday it is issuing five new safety recalls covering more than 200,000 vehicles in North America due to problems ranging from airbag sensors to fuel leaks and fire risks.