CHINA

Biggest Freighters Hit Hardest In Global Shipping Storm

Two Capesize bulkers anchored in a Shanghai port
While shipping costs have been recovering over the past month from historical lows earlier this year, rates for the biggest vessels keep falling. Mistrust in the market, bad luck for iron exporters and a slowdown in world steel consumption are to blame.
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Exclusive: Brazil sees WTO's duties as insufficient: sources

Brazil plans to signal its growing concern about intense foreign competition hurting its industries by suggesting at the World Trade Organization that the ceiling for its import tariffs is too low, government sources told Reuters on Wednesday.
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Starbucks factory investments to create 150 jobs

Starbucks Corp said on Wednesday it would spend $180 million on U.S. factories, creating 150 manufacturing jobs, and that it would get into the $8 billion U.S. energy drink market with a new product.
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Digital skills shortage leaves EU youth a step behind

European policy makers have identified a large shortfall in computing and IT skills among young people that threatens to dent Europe's ability to compete and could exacerbate youth unemployment in the coming decade.
The Wall Street sign is seen in front of the New York Stock Exchange

Markets Bob Up, Down on Slow News Day: Daily Markets Wrap

Markets bobbed up and down Wednesday on conflicting data as to what the U.S. economic picture will look like in the near term. Investors spent the day dealing with conflicting sentiments: a less-than-enthusiastic housing report on the one hand, a view that the U.S. economy is generally getting better on the other.
World Bank President Zoellick speaks at a news conference

World Bank President? Third World Candidates Emerge

President Barack Obama must nominate a new President of the World Bank soon, ahead of its June annual meeting in Washington. Two Third World candidates have been mentioned but another American is the likely winner.
Federal Reserve Chairman Ben Bernanke's policy of quantitative may have made U.S. Treasurys a less attractive investment to the Chinese

China, Japan To Begin Selling US Treasurys?

China's skein of trade surpluses and Treasury-buying has run its course and the country will need to begin selling some of its vast holdings of U.S. debt, says Frederick Sheehan, ex-head of asset allocation at John Hancock Financial Services.
A man works on a roof covered with solar panels at the Centre for Alternative Technology in Wales

US Holds Fire In 1st Salvo On Chinese Solar Companies

U.S. trade officials imposed surprisingly low tariffs on Chinese solar panels Tuesday, choosing to tread lightly and avoiding an all-out trade war when addressing local solar companies' complaints of unfair trade practices.

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