Finance & Economics

Brazil must keep currency competitive, says minister

The Brazilian government does not intend to directly intervene in the currency market, but will continue taking steps to stop the real from rising to a level that would make exports uncompetitive, Finance Minister Guido Mantega said Tuesday.

Mexican auto sector willing to accept quotas

Mexico's automobile industry said it is willing to accept temporary quotas on its exports to Brazil as long as the restrictions are lifted after a period of no more than three years.

Mexican oil giant sells $327 mn in bonds

State-owned oil giant Petroleos Mexicanos said it sold 300 million Swiss francs ($327 million) worth of bonds on the international market.

Revised UN convention seeks to encourage investment, combat corporate tax evasion

507906-taxation_0_0.jpg
Alex Trepelkov (L), Armando Lara Yaffar (C) and Michael Lennard brief journalists, UN Committee of Experts on...

Revised UN convention seeks to encourage investment, combat corporate tax evasion

507906-taxation_0_0.jpg
Alex Trepelkov (L), Armando Lara Yaffar (C) and Michael Lennard brief journalists, UN Committee of Experts on...

Free Trade Pact with US Draws Opposition in South Korea

A controversial trade pact between South Korea and the United States that becomes a reality Thursday has drawn skepticism from opposition politicians in South Korea who are not accepting it as a fait accompli.

China Struggles to Bridge Gap Between Rich, Poor

China’s National People’s Congress is wrapping up 10 days of meetings in Beijing, where officials are laying out policy priorities. Among the biggest concerns is addressing the growing gap between rich and poor.

Gasoline Prices Higher, But Vary Widely By Country

U.S. motorists have long had an infatuation with cars and the freedom to travel far and wide on the country’s open highways. But now drivers are getting squeezed by higher prices at the gas pumps.

Apple's new iPad faces ban in China

Apple's new iPad could be banned in China if it does not resolve a trademark issue with Chinese technology firm Proview, a media report said Thursday.

Obama Hails Success of US Workers, Technology

U.S. President Barack Obama is stepping up his campaign to try to show Americans that economic progress is being made on the strength and ingenuity of U.S. workers.