The Obama administration is seeking to give its allies and U.S. exporters a boost, proposing new rules that will ease trade in items that could prove to be security risks if they fell into the wrong hands.
Dictatorships are faster and more efficient than democracies, which can be bogged down by long-drawn out debates among deeply polarized political parties who can't seem to agree on anything.
South Korean President, Lee Myung-bak, stated that reunification with North Korea would 'definitely' take place. His statement also comes close to Wikileaks revelations that suggested that North's biggest ally China is reportedly backing a plan for reunification. A leaked diplomatic cable sent out to Washington by US diplomats maintained that South Korean officials would press for reunification but precisely, under their control.
Why did China avoid a steep recession and bounced back relatively quickly? The answer is its massive fiscal stimulus, according to Richard Koo.
South Korea chose to freeze its key interest rates on Thursday, after hiking rates twice this year, as the global economic recovery slows down and tensions rise on the border.
The government of South Korea is trying to drum up foreign direct investments through free economic zones (FEZ), or areas that offer financial incentives for foreign investments.
The South Korean government has unveiled a plan to nurture the eco-friendly vehicle industry and plans to cut greenhouse gas emissions.
China emerges the only destination among the top 5 to witness increase in students from the USA for year 2008-09
The pair seems to have a weak resistance around last week's high of 1.0064 (also 23.6 percent Fibonacci retracement from 1.1729 to 0.9463) and fresh dollar supportive could take it to 1.0331, the 38.2 percent Fibonacci.
After falling as low as 0.9779 from its previous close of 0.9827, AUD/USD is now targetting 0.9723 (S1) before hitting a relatively stronger support line at 0.9707 (S2).
Michelle Rhee, the former chancellor of schools in Washington D.C., has ended speculation about her next move, announcing on Monday that she has started a new non-profit organization that will seek reforms in public educational policies at the local, state and national levels.
In a rare show of collective security, the United States, South Korea and Japan held a trilateral meeting on Monday to send a strong message aimed at China, which is seen as shielding North Korea.
Plenty of U.S. organizations are praising the newly-negotiated U.S.-Korea Free Trade Agreement, which is awaiting approval from lawmakers of both countries.
President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.
During the negotiations (with the U.S.), I did not think of Yeonpyeong Island or the USS George Washington. I have just mulled over the benefits and losses in terms of trade, South Korean trade minister Kim Jong-hoon said, apparently to refute criticism that Seoul gave away ground to the U.S. in the aftermath of the geopolitical crisis precipitated by last week’s shelling by North Korea on South’s islands.
U.S. and South Korean negotiators reported progress on their pursuit of a free trade deal on Friday, including an agreement regarding autos.
While the Great Recession has raised the unemployment rates for virtually all Americans, it has served to heighten what has already existed as a long-term trend: the declining employment levels of American men, particularly those who are less educated.
FIFA takes the Football World Cup 2018 and 2022 to new territories of Russia and Qatar, raising concerns over risks involved in the selection of venue.
Once yuan becomes fully convertible, countries importing Chinese goods will invariably have to have a reserve of yuan. And they will have to build up a yuan reserve by offloading their dollar reserves. If a major chunk of ASEAN and Latin American countries take this path, it will seriously dent the greenback's status as the global reserve currency.
Russia and Qatar won the rights to host the FIFA World Cup finals for 2018 and 2022 respectively after FIFA's 22-member panel voted through a secret ballot at Zurich, Switzerland on Thursday.
A growing demand for nuclear energy across much of the globe will undoubtedly make uranium a prized commodity, as new power plants proliferate. Investors seeking to capitalize on this evolving energy trend might consider a new exchange-traded fund, the Global X Uranium ETF (NYSE: URA), one of the very few investment vehicles in the world that can be regarded as a pure play on uranium.
The tension in Korean peninsula is unlikely to subside as South Korean intelligence chief Won Sei-hon said the North is highly likely to attack again.
