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A half-century-old program that helps workers who lose their jobs to foreign trade holds the key to whether Congress may finally approve three long-delayed free trade agreements viewed by both the Obama White House and congressional Republicans as a way to invigorate the economy and create jobs.
It’s a classic Washington trade-off.
Many Democrats don’t like the […]
When it comes to weathering economic storms, South Koreans can rightly claim more familiarity than most with the harrowing experience of seeing hard-won prosperity evaporate.
Ever since the East Asian economic crisis spread to its shores in late 1997, government officials, media and ordinary citizens have kept up a nervous vigilance against any hint of turmoil.
The […]
World stock markets climbed Friday as investors signaled their approval of a massive new bailout plan for Greece and broader measures to tackle the continent’s debt problems.
A rally that began the day in Asia extended to Europe, with all major markets in positive territory.
In early European trading, London’s FTSE 100 rose 0.9 percent to 5,950.06. […]
Representatives at the Food and Agriculture Organization vote this weekend to give the largest U.N. agency its first new chief in almost two decades _ an election that comes at a time of critically high food prices and malnutrition across the world.
Six candidates are vying for the top job at the Rome-based agency, but the […]
Wendy’s/Arby’s Group Inc. plans to raise menu prices, the latest in a stream of companies saying they will pass along higher costs for the ingredients in their products.
The fast-food giant on Tuesday blamed the rising prices of beef, bacon and cooking oil. It also said it had already raised prices late last year and in […]
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Portugal won a 78 billion-euro ($116 billion) international aid package, fanning domestic controversy over budget cuts amid an election campaign and renewing discontent in Europe’s richer countries over bailouts.
Emergency lending for Portugal lifted the cost of fighting Europe’s debt crisis to 256 billion euros just as speculation mounts that Greece, the country where it […]
Shares of Creve Coeur-based Monsanto Co. bounced up a few bucks on Tuesday as rumors swirled that chemical giant BASF had plans to make a bid for the world’s largest agricultural biotechnology company.
But the rumors are likely just that, analysts said, and merely underscore how suggestible the stock market can be.
“I would say the collective […]
Australia’s trade balance unexpectedly swung to a deficit in February for the first time in almost a year as disruptions from natural disasters cut mining shipments and higher fuel prices boosted imports.
The shortfall was A$205 million ($212 million), from a revised A$1.43 billion surplus in January, the first time imports exceeded exports since March […]
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