WASHINGTON, Oct 14 (Reuters) – Mexican Economy Minister
Ildefonso Guajardo said on Tuesday a win-win solution to a
dispute with the United States over sugar is within reach and
could avoid a damaging trade war.
Speaking during a visit to Washington, Guajardo said he was
optimistic of agreeing a negotiated settlement whereby Mexico
would agree to limit exports at a level which would satisfy its
cane growers without inundating the U.S. market.
GENEVA/WASHINGTON, Oct 14 (Reuters) – India broke World
Trade Organization rules by blocking imports of U.S. poultry and
other agricultural products because of unsubstantiated bird flu
fears, a WTO dispute panel ruled on Tuesday.
India had claimed its import restrictions were justified by
international rules on animal health, but the panel agreed with
the United States and found that India’s measures were not based
on international standards and were discriminatory.
WASHINGTON (Reuters) – Policymakers scrambling to keep the world economy from settling into the “new mediocre” of sluggish growth can no longer rely on global trade to do the heavy lifting.
International trade helped the global economy tide over rough spots over two decades before the financial crisis, when it grew nearly twice as fast as economic output, but this engine is running out of fuel.
WASHINGTON (Reuters) – The International Monetary Fund’s member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold water on the idea of a new global “crisis.”
With Japan’s economy floundering, the euro zone at risk of recession and even China’s expansion slowing, the IMF’s steering committee said focusing on growth was the priority.
WASHINGTON, Oct 10 (Reuters) – Swiss National Bank (SNB)
Chairman Thomas Jordan vowed on Friday to take whatever steps
were necessary to fend off deflation in the face of a weak
global economy, worsening euro zone outlook and falling
Jordan said policymakers were closely watching the risk of
negative inflation rates, or deflation, given a deterioration in
the economy of the euro zone, Switzerland’s main trading
WASHINGTON (Reuters) – Alarmed by faltering euro zone growth, top finance officials from around the globe on Friday were expected to press their European peers for action to avert a recession and ward off deflation.
The International Monetary Fund, which cut its global growth forecasts for the third time this year earlier this week, said Europe’s weakness was a matter of particular concern.
WASHINGTON (Reuters) – German Finance Minister Wolfgang Schaeuble said on Thursday more government spending was a wrong cure for the euro zone’s weak growth and dismissed the prospect of recession for Europe’s biggest economy.
“We don’t have a recession in Germany, we have a weakening of growth,” he said at a Bertelsmann Foundation event on the sidelines of World Bank and International Monetary Fund meetings.