TRADE WARS - RUSSO DAILY

Indian outsourcers 'employ 100,000 in US'

Mar 23, 2012 (AFP)

India's IT outsourcing sector has nearly doubled the number of jobs it has created in the US in the last five years and now employs more than 100,000 people, an...

Rising Chinese wages a headache for US firms

Mar 23, 2012 (AFP)

After decades of US caterwauling about the crippling impact of China's low labor costs on domestic manufacturing, firms state-side now fret about the impact of ...

Japan logs surprise February trade surplus

Mar 22, 2012 (AFP)

Japan logged a surprise trade surplus in February, offering a glimmer of hope for its moribund economy, but economists warned that with oil prices heading highe...

Report cites controversial mining firms

Mar 22, 2012 (UPI)

The world's most controversial mining companies are named -- and shamed -- in a report comparing their performance against U.N. and other environmental, social ...

Brazil's Rousseff to attend BRICS summit in India

Mar 22, 2012 (AFP)

Brazilian President Dilma Rousseff plans to travel to India next week for a summit of emerging powers and separate talks with Indian leaders on defense and bila...

Hermes bags record profits with luxury goods despite crisis

Mar 22, 2012 (AFP)

Hermes is the latest luxury products group to show that economic crises can have silver linings, announcing record sales and profits on Thursday. Hermes, a symb...

Kitchen sink joins list of US-China trade disputes

Mar 22, 2012 (AFP)

US trade authorities on Thursday announced an investigation into yet another Chinese export product, this time the veritable kitchen sink. The US Commerce Depar...

HP merges computer and printer units

Mar 21, 2012 (AFP)

Hewlett-Packard on Wednesday said it is combining its computer and printer units to free up more cash for innovation in the rapidly evolving technology market. ...

BHP sees iron ore demand 'flattening'

Mar 20, 2012 (AFP)

Global mining giant BHP Billiton said Tuesday that Chinese iron ore demand appeared to be flattening as the world's second-largest economy slows, but prices wer...

Taiwan opens swathes of economy to China firms

Mar 20, 2012 (AFP)

Taiwan said Tuesday it will open big areas of its economy to Chinese businesses for the first time in a bid to encourage greater investment and create more jobs...

Cash-rich Apple to pay dividend, buy back shares

Mar 19, 2012 (AFP)

Apple announced Monday it will spend part of its massive cash hoard to pay its first dividend since 1995 to shareholders and buy back $10 billion in shares. But...

Singapore banker held in China without lawyer access: fiance

Mar 19, 2012 (AFP)

Police in China have held a Singaporean banker for two weeks without allowing her access to a lawyer after her client allegedly fled the country with millions o...

S. America frets over slow China growth

Mar 19, 2012 (UPI)

Latin American countries see a Chinese economic slowdown and eurozone crisis as major threats that could reverse their own gains in recent years, an Inter-Ameri...

Cheap chic Uniqlo booms in deflationary Japan

Mar 18, 2012 (AFP)

Tokyo's high-end shopping district of Ginza was back at its booming best this week with hundreds of shoppers queueing up to spend their cash, in an echo of Japa...

LatAm growth will depend on Europe, China: IDB

Mar 18, 2012 (AFP)

Economic growth in Latin America is expected to hold strong in 2012 at a 3.6 percent average if Europe avoids a deep recession and China maintains steady growth...

US radio episode about Apple factory abuse retracted

Mar 16, 2012 (AFP)

A popular US radio program on Friday retracted a story about harsh working conditions at factories that make Apple products in China, saying it contained "signi...

Chilean gold mine results 'encouraging'

Mar 15, 2012 (UPI)

Exploratory drilling at three new gold mines in Chile has produced encouraging results but needs follow-up scientific work, Canadian gold producer Orosur Mining...

Hong Kong's school place shortage deters expats

Mar 15, 2012 (AFP)

A shortage of English-language school places in Hong Kong is hurting expatriate families and damaging the city's reputation as a regional business hub, parents ...

Foreign investment in China falls in February

Mar 15, 2012 (AFP)

Foreign direct investment in China fell in February for the fourth straight month as key Western economies continue to struggle, official figures showed Thursda...

Argentina, Brazil back Cuba's inclusion

Mar 15, 2012 (UPI)

Cuba will be barred from next month's Summit of the Americas at U.S. insistence but Havana's friends Argentina and Brazil are vowing with new resolve to have Ha...