The World Trade Organization Wednesday ruled against China, finding its export restrictions on rare earth materials to be "inconsistent" with WTO rules, a decision that favored the case made by the United States, the European Union and Japan.
From September 2012 to September 2013, employment increased in 286 of the 334 largest U.S. counties, the U.S. Bureau of Labor Statistics reported. Fort Bend, Texas, had the largest increase, with a gain of 6 percent over the year, compared with national job growth of 1.7 percent.
Mergers and acquisitions (M&S) activity among developed and emerging markets fell to a record low in 2013, dropping 17.3 percent versus the prior year due to still fragile economic growth and rising political unrest, a new KPMG survey showed.
China's manufacturing sector showed further contraction in March, according to a report which mainly tracks activity in smaller factories. The HSBC Purchasing Managers' Index (PMI) gave a reading of 48.1 for March, compared to 48.5 in February.
After showing a surplus of $401 million in the first eight weekdays in March, Brazilian trade balance was again in deficit last week, according to the Ministry of Development, Industry and Foreign Trade (MDIC).
Brazil has responded to the challenges at an international level in a classical and sturdy way, said the Central Bank (BC), in reply to the lowering of Brazil's ratings by the credit ratings agency Standard and Poor's (S&P).
Governor Mark Dayton signed legislation cutting taxes for middle class Minnesotans and businesses. Because the Legislature acted quickly to pass the bill, many Minnesotans will see immediate tax savings during the current tax filing season.
The construction industry believes that the construction market recovery that picked up pace in 2013 will continue to show meaningful gains, according to a survey in the Engineering News-Record (ENR) magazine and the website McGraw Hill Construction.