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Canada’s Trudeau, Ministers to Discuss Trump Plans for NAFTA

Canada's Prime Minister Justin Trudeau will begin a two-day retreat with his cabinet on Monday, focused mainly on the best approach to take with new U.S. President Donald Trump, whose vow to renegotiate NAFTA could damag..

Business

Japan, South Korea Brace for Trump Protectionist Policies

With President Donald Trump’s emphasis on “America First” economic policies, Japan and South Korea are bracing for contentious negotiations over trade and defense sharing costs. In his inauguration address on Friday, Presiden..

Business

Ministers Laud Strong Start to OPEC, Non-OPEC Oil Output Cuts

OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices. “Th..

Business

No Longer ‘Rising,’ Africa Pushed to Margin at Davos

In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fueled growth boo..

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Dollar Mixed in Wake of Trump’s Inauguration Speech

The dollar edged lower in choppy trading Friday as investors found few reasons to make big bets on the U.S. currency following newly sworn-in President Donald Trump's inauguration speech. The dollar index, which tracks t..

Business

Dollar Falls as Investors Unpack Inauguration Speech

The dollar edged down on Friday as investors were underwhelmed by the limited scope of executive actions and the lack of concrete policy reforms in the inauguration speech of newly sworn-in U.S. President Donald Trump. Invest..

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Melania Trump’s Hometown Hopes New-found Fame Will Boost Trade, Tourism

“First Lady” apple pies in the Kruhek bakery in Melania Trump's hometown of Sevnica in Slovenia are selling like hot cakes. “We sell more than a hundred a day so the pies are our main product these days,” said Sergeja Go..

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Germany: US Under Trump Must Abide by Trade Deals

The United States must stick to international agreements under the presidency of Donald Trump, German Finance Minister Wolfgang Schaeuble said on Friday, adding he did not expect a major trade war despite Trump's attack ..

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Piracy Prompts Shippers to Avoid Seas West of Philippines

A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, adding to their costs and the time it takes to transport goods such as Australian iron ore to key Asian destinatio..

Business

China’s Growth Weakest Since 1990, Vulnerable in a Trade War

China’s economic growth ticked up in the final quarter of 2016, but its full-year performance was the weakest in three decades as it heads into a potential trade battle with U.S. President-elect Donald Trump. Trump, who takes..

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Samsung to Announce Cause of Galaxy Note 7 Fire Soon

Samsung Electronics said Friday it will announce on Jan. 23 the reason why its Galaxy Note 7 smartphones overheated and caught fire. The announcement will be livestreamed in Chinese, English and Korean on its websites. Koh Do..

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ECB Keeps Stimulus on High Even as Economy Picks Up

President Mario Draghi has some explaining to do — about why the European Central Bank is leaving its stimulus programs running nearly full blast while inflation and growth are picking up. Draghi is expected to use his news c..

Business

Chinese Migrant Workers Protest Over Unpaid Wages

Millions of workers, who flocked to China’s richer coastal cities for jobs, have begun their annual holiday migration home. But some are not going home. Instead, they have taken to the streets to protest because their employe..

Business

Lebanon Gets a New Government, Now it Needs a New Economy

After years of political deadlock, Lebanon finally has a new government. Now it needs a new economy. Battered by war in neighboring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran..

Business

Cheap, Plentiful Palm Oil Comes at a Price

While there is plenty of bad news, chocolate lovers in Italy were especially stricken by last week's announcement that some food stores were pulling Nutella off their shelves. Nutella, a popular smooth chocolate-flavored..