The Latest Breaking News from Commerce

The Biden administration is close to tightening rules on some overseas investments by American companies

WASHINGTON — Following a contentious hearing over President Joe Biden’s nominee to lead the Federal Aviation Administration, two Republicans lawmakers say they will oppose a waiver they contend is needed to allow the confirmation to move forward.

WASHINGTON – The Commerce Department is preparing to dole out $39 billion in semiconductor manufacturing incentives, an initiative expected to bring more factories – and jobs – to the U.S.

WASHINGTON — The top Republican and Democrat on the House Energy and Commerce Committee are working to avert a lapse next month in the Federal Communications Commission’s authority to auction spectrum as Congress seeks a more lasting plan that could pay for a number of telecommunications priorities.

The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production

Demand for Thai rice in the international market remains strong, with Commerce Minister Jurin Laksanawisit expecting the country's exports to potentially increase to 8 million tonnes this year.

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

WASHINGTON — Steel is threatening to become the latest area of commercial conflict between the U.S. and Mexico after a bipartisan group of U.S. lawmakers called on the Biden administration to restore Trump-era tariffs if necessary to stem a surge in imports.

Pakistan is looking for breakthroughs in agriculture and information technology during the first ministerial level meeting of a U.S.-Pakistani trade and investment body in seven years, Pakistan's commerce minister said on Tuesday.