WTO sanctions set at 295 million on U.S. cotton subsidies
The WTO ruled the United States must pay about 294.7 million annually in countermeasures tied to illegal cotton subsidies. Brazil sought up to 2.5 billion in retaliation, with arbitrators basing the figure on a 2006- era payment framework while noting potential higher future costs.
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Geneva
United States
U.S
World Trade Organization
Brazil
WTO
Washington
Carol Guthrie
Ron Kirk
Guthrie
Roberto Azevedo
China
Brendan McGivern
White & Case Law Firm
Benin
Chad
Stocks slide as Asian sell-off hits New York markets
Major U S indices fell at least 1 percent in Monday trading after a 6.7 percent China plunge sparked global selling. Energy and materials led losses as copper and crude commodities tumbled amid concerns over bank lending and slower growth in China.
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New York
China
U.S
Brian Nick
Barclays Wealth
Asarco awaits bankruptcy ruling
Oil fell below 70 a barrel as China stock declines raised questions about the global economy. October crude dropped 2.91 to 69.83 on the Nymex after Friday's 25 cent advance to 72.74, following a week of losses. Asarco awaits bankruptcy ruling in Denver.
MENTIONED IN THIS ARTICLE
China
U.S
New York Mercantile Exchange
Asarco Bankruptcy Bid Battle Chooses Between Mexico Ties and Sterlite Sale
U S Bankruptcy Judge to recommend whether Asarco's parent Grupo Mexico regains assets in Tucson and Texas operations or sells to Sterlite Industries Ltd of India for 2 1 billion in cash plus notes. Final approval rests with a federal district judge as creditors weigh plans.
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U.S
Richard Schmidt
Asarco
Grupo Mexico
Tucson
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India
Sterlite Industries Ltd
Arizona
Texas
Sterlite
Vedanta Resources
Mexico City
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