Wednesday, May 22, 2013
 
 

By Daniel Bases and Doug Palmer

(Reuters)- NEW YORK/WASHINGTON - Europe and the United States both said on Tuesday they were not holding coordinated talks to negotiate an end to a trade dispute with China over the dumping of solar panels onto their respective markets.

The European Union has until June 5 to decide whether to impose duties averaging 47 percent on Chinese manufactured solar panels. The United States has already imposed duties of about 30 percent on Chinese manufacturers.

"We do not have a common battle plan. We have not discussed it," the EU's trade commissioner, Karel De Gucht, told a meeting in New York sponsored by the European American Chamber of Commerce and the State University   [READ MORE]
 
 
 
By Ryan Vlastelica

NEW YORK (Reuters) - Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains.

U.S. shares hovered near five-year highs while the dollar rose and gold fell. The ...  [READ MORE]
By Wanfeng Zhou

NEW YORK (Reuters) - The U.S. dollar fell against the euro on Tuesday after St. Louis Federal Reserve President James Bullard dented expectations the U.S. central bank may taper its bond purchases anytime soon.

Bullard, at an event in Frankfurt, said t...  [READ MORE]
FRANKFURT (Reuters) - A top U.S. Federal Reserve official said on Tuesday he could not envisage a good case for tapering the Fed's purchases of bonds at the moment due to the low inflation rate.

The Fed is currently purchasing $85 billion worth of bonds every month. It next meets on Ju...  [READ MORE]
 
NEW YORK (Reuters) - The U.S. economy's ability in coming months to weather lower government spending and higher taxes will be key to the Federal Reserve's decision whether to reduce monetary accommodation, an influential Fed official said on Tuesday.

In a speech that could dampen ...  [READ MORE]
 
DETROIT (Reuters) - A boutique carmaker led by a former General Motors Co <GM.N> executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped green car company Fisker Automotive, people familiar with the matter said.

VL Automotive and China...  [READ MORE]
 
By Noel Randewich

SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping reorganization of the world's top chipmaker and created a unit aiming to retake the top chipmaker's lead in mobile and semiconductor innovation.

...  [READ MORE]
 
 
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