Samsung Electronics Co. said operating profit declined to a two-year low in the second quarter, hit by the strong local currency and slowing demand for smartphones in China.
Ford hasn't earned a pretax profit in Europe since 2010, and it lost $1.6 billion in the region last year, but Ford Europe president Stephen Odell said three plant closures and more than a dozen new products are helping reverse that.
Steelmakers have called for new import penalties and have filed the highest number of trade complaints in more than a decade. According to the U.S. Trade Representative, there are 40 anti-dumping and injury cases pending on steel products.
Old truck tires are transformed into rubber washers and bushings for cars and rice mills. Machine parts, buckets and flip-flops — the most popular footwear in the rural areas — are among the biggest sellers for tire recyclers.
Lou pointed out that the U.S. economy shrank at a 2.9 percent annual rate from January to March — largely because of a brutal winter — and said China hopes the U.S. "can take measures to ensure the momentum of growth."
Car sales in China cooled in June, with domestic brands falling further behind their foreign rivals in the world's biggest auto market, an industry group reported.
China and the United States took small steps toward their shared goal of fighting climate change, but the world's No. 1 and No. 2 carbon emitters remain significantly apart over a wider global plan to cut emissions.
Boeing has finalized a $56 billion agreement to build 150 777X aircraft for Dubai's Emirates Airline.
The European Union's antitrust body is imposing a fine of $580 million on France's pharmaceutical company Servier and five producers of generic medicines for distorting competition.
New Hampshire companies are learning about the dangers of corporate espionage and how to protect and maintain a competitive edge.
Growth was strongest in Europe, up over 60 percent, with Asia Pacific sales up almost 40 percent, the company said in a statement. Middle East sales were also strong, up 30 percent, with the United States and China also seeing double-digit growth.
The U.S. is looking for concessions from China to kick start international negotiations on liberalizing trade in high-technology products.
Mitsubishi Corporation and Mitsubishi Heavy Industries have entered into an agreement with a water firm in the United Arab Emirates to acquire a 38.4 percent share in its water and wastewater projects.
Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.
The U.S. will work with Germany to resolve its concerns over reports that a German intelligence employee spied for the United States, the White House said Monday.
An appeals body of the World Trade Organization has decided it lacked enough information to uphold China's objections to a U.S. law meant to help American companies that face unfair foreign competition.
Dozens of neuroscientists are protesting Europe's $1.6 billion attempt to recreate the functioning of the human brain on supercomputers, fearing it will waste vast amounts of money and harm neuroscience in general.
China's economy improved in the latest quarter but faces "downward pressure," and Beijing will increase the strength of targeted policy measures to shore up growth, the country's premier said Monday.
Australia's experience illustrates how easy it is to scuttle complicated environmental laws, and serves as a warning to President Barack Obama, whose recent proposal to force a 30 percent cut in power plants' carbon emissions is drawing anger from both sides of politics.
Nearly 600,000 American jobs, including 35,300 in Pennsylvania, could be at risk from surging imports, according to a recent study by the Economic Policy Institute.
Chinese enterprises and Chinese-born employees of companies abroad have been implicated in a growing number of attempts to steal technology and other commercial secrets.
U.S. agents have charged a Chinese woman in a conspiracy to steal trade secrets from U.S. seed corn companies.
The officials only revealed the case after Russia decided to ban imports of Romanian beef, citing fears of BSE. It wasn't clear how the Russians learned about it.
The world's largest plant factory using light-emitting diode lighting has been built in a northeastern Japanese city devastated by the 2011 earthquake and tsunami, the factory operator said.
The Philippine president said his country's ill-equipped military will receive its first new fighter jets in nearly a decade next year to help defend the country's territory.