Saudi Arabia is all set to join the World Trade Organisation by end of this year. This follows the signing of key trade agreement with US on Friday, which says Saudi Arabia will not enforce a boycott against American firms that have trade relations with Israel.
The Federal Reserve is paying closer attention to the rising values of assets such as stocks, bonds and homes, as low interest rates encourage more risk-taking, Fed Chairman Alan Greenspan said.
US commerce secretary Carlos Gutierrez who is on his first visit to Beijing has warned China of a potential backlash amidst tensions over its rampant product piracy and trade surpluses.