China said Thursday it hoped the United States would adhere to free trade under Barack Obama, while defending exchange rate policies criticised by the president-elect during his campaign. “We will continue to follow a mutually beneficial foreign policy, we believe in free trade, and we believe America also believes in free trade,” foreign ministry spokesman Qin [...] "eliotcobb.com"
Sen. Norm Coleman’s narrow lead over DFL challenger Al Franken in the U.S. Senate race narrowed even more, guaranteeing a recount that would be the state’s biggest ever and could stretch well into next month.Coleman declared victory Wednesday morning, when his unofficial lead over Franken stood at 725 votes out of nearly 2.9 million cast, [...] "eliotcobb.com"
Toyota Motor slashed its profit forecast Thursday, warning the global auto industry faces an “unprecedented” crisis as Asian stocks tumbled on fears the US is sinking deeper towards recession. The Japanese giant became the latest automaker to reveal plunging profits due to the financial crisis, following on the heels of BMW, Nissan and Honda. Toyota , vying [...] "eliotcobb.com"
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