October 2, 2012 |
MEXICO CITY - Mexico and the United States are gearing for a costly showdown over fresh tomatoes - a $3.5-billion business for the two countries - in a move that could boost the fortunes of some American tomato farmers but raise prices for U.S. consumers. Growers in Florida have demanded cuts in imports from Mexico, and Washington appears inclined to support the Floridians and the few farmers from other states who have joined the complaint. That would require ending a 16-year-old trade agreement and endanger tens of thousands of jobs on both sides of the border, especially in California and other border states, advocates for the Mexican tomatoes say. It also would probably increase the cost to U.S. consumers of fresh tomatoes, though it's unclear by how much.
August 9, 2012 |
California's exporters enjoyed a big month in June, posting impressive gains compared to the same month a year earlier, according to an analysis by Beacon Economics of foreign trade data released Thursday by the U.S. Commerce Department. The gains came in spite of the fact that the value of the U.S. dollar rose in comparison to other world currencies, making U.S. goods more expensive overseas, the report said. The strong showing also came even as many customers of U.S. goods were in the throes of weak economic recoveries.
April 3, 2011 |
Dorothy Ouma began trading foreign currencies after seeing a TV commercial touting it as a way to make extra money, something she could use as a single mother raising three children. "The ads made me think, 'This is easy,'" said Ouma, 52, an administrator with the Grand Prairie, Texas, police department. Ouma used her credit card to fund an account with an online currency broker. Within a few weeks of swapping dollars for yen and euros, she said, her $3,000 of borrowed money was gone.
April 3, 2011 |
Here's an example of how a currency trade might work: • A person who believes that the European economy is strengthening decides to buy euros, thinking this currency will become more valuable in relation to the dollar. • The person opens an account with one of 13 registered foreign exchange broker-dealers for home investors, downloads the dealer's proprietary trading platform onto his computer and deposits $500, typically the minimum stake. • Opening the trading platform, the customer sees that the dealer is willing to sell a euro for $1.45000.
January 11, 2011 |
Even before the deterioration last year of already tenuous relations between North and South Korea, Pyongyang was suffering from a severe foreign trade slump, analysts say. The decline in trade, attributed in large part to international sanctions over North Korea's nuclear weapons program, was the largest for the reclusive nation since 1998, according to a new report by Seoul-based Korea Finance Corp. Total North Korean trade amounted to $3.41 billion in 2009, down 10.6% from 2008, the report says.
April 10, 2009 |
After months of nearly unmitigated gloom, glimmers of improvement are emerging in the U.S. economy. On Thursday, retail sales figures showed that the decline in consumer spending that began with a miserable Christmas shopping season might be stabilizing. Wells Fargo & Co. surprised analysts by saying it expected to report a record first-quarter profit despite setting aside $4.6 billion for potential loan losses.