Word: tradings
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Chevron executives have been under increasing pressure from shareholders who are fearful of an unfavorable verdict. But the scandal probably has the Correa administration chafing as well, especially since a tainted legal system could compromise its efforts to win most-favored-nation trade status from the U.S. Congress this year...
...China is now Japan's largest trading partner and is the powerhouse for growth in Asia. Japan, which has helped build the region with economic assistance and technology, needs to continue to cultivate Asia's economic potential and strengthen diplomatic ties. "Japan can benefit from high Asian growth rate even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian economies, he says, are a must, particularly in terms of agricultural trade and free-trade agreements. "If Japan accepts more agricultural imports, then it will have closer relations and trade volume will rise." Kanno says agricultural reform...
...Technically, what happens in the Shanghai bourse should not matter outside China. Only locals can trade in Chinese A shares, which comprise the composite index. But markets are supposed to anticipate the economy's health, so the fall in the index could possibly signal a relapse in the world's third largest economy. The jitters in Asia and the rest of the world are rooted in the fear that China will not be able to help pull the global economy from recession, a big blow to recovery hopes given the inability of the U.S., Europe and Japan to play that...
...traces of a 4,500-year-old urban culture that covered some 300,000 square miles in modern-day Pakistan and northwestern India. Digs at major sites such as Mohenjo-daro and Harappa revealed a sophisticated society whose towns had advanced sanitation, bathhouses and gridlike city-planning. Evidence of trade with Egypt and Sumer in Mesopotamia, as well as the presence of mining interests as far as Central Asia, suggests that the fertile Indus River basin could have been home to an empire larger and older than its more famous contemporaries in the Middle East...
...world leaders - including Brown and French President Nicolas Sarkozy - absent. While many African and Arab leaders as well as Venezuelan President Hugo Chávez were there, Italian Prime Minister Silvio Berlusconi was the only Western European leader to attend. Britain's Prince Andrew, who is scheduled to hold trade talks with Gaddafi this week, also canceled. (See the top 10 Berlusconi-isms...