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Top News & Analysis Hawaii

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  • LAHAINA, Hawaii, July 30- Pacific Rim trading partners have to make an effort to seal an ambitious free trade deal but must also recognize that very sensitive markets cannot be thrown open to full competition immediately, Mexican Trade Minister Ildefonso Guajardo said on Thursday. Trade ministers from the 12 countries negotiating the Trans-Pacific...

  • Virgin America's second-quarter profit beat Wall Street expectations on cheaper fuel, and the airline plans to grow at a double-digit rate next year after it starts flying to Hawaii. For example, he said, Virgin will resume flights between San Francisco and Fort Lauderdale, Florida, and offer an additional daily flight to New York from both San Francisco and Los...

  • The EPA's probe into whether Matson Inc. violated the Clean Water Act during the 2013 spill was still ongoing when Hawaii's attorney general announced the settlement Wednesday. Under the settlement, Honolulu- based Matson will end its molasses operation in Hawaii. The settlement includes the costs of ending Matson's molasses operation and a $5.9 million...

  • Matson is also agreeing to cease its molasses operation in Hawaii and pay for removal of its molasses tanks and any remaining molasses, Chin said. The company will pay $5.9 million to the state, and the costs related to ending the molasses operation are estimated between $5.5 million and $9.5 million, which would put the total settlement amount between $11.4...

  • LAHAINA, Hawaii— Opponents of a Pacific Rim trade deal being negotiated at a Maui resort demonstrated against the proposed pact Wednesday. A couple dozen members of locally based labor unions and environmental groups gathered at Kaanapali Beach fronting the Westin Maui hotel in Lahaina to listen to brief speeches and prepare to blow conch shells.

  • WASHINGTON, July 29- The United States is in talks to reach an agreement on currency policy with all its partners in a potential Asia-Pacific trade pact, a U.S. Treasury official said on Wednesday. "We are discussing with all of our TPP partners provisions to promote our mutual interest in preventing unfair currency practices," the official said, referring to the...

  • The 58- year-old, whose lush paddy fields in the Shonai plain overlook the Sea of Japan, is in the minority among farmers generally opposed to a pact being negotiated in Hawaii this week that could make selling their products harder. Japan's reluctance to open up to more imports, including of rice, has been a major stumbling block to the TPP, and Tokyo held bilateral...

  • LAHAINA, Hawaii, July 28- Pacific Rim trading partners might convene a top-level forum to discuss how to stop countries manipulating currencies for competitive advantage, Australian Trade Minister Andrew Robb said on Tuesday. Speaking on the sidelines of a meeting in Hawaii where ministers are negotiating a 12- nation trade deal, Robb said member countries...

  • Trade ministers from 12 Pacific nations gather on Maui Wednesday, 29 Jul 2015 | 2:47 AM ET

    LAHAINA, Hawaii— Trade ministers from 12 nations around the Pacific Rim are meeting on the Hawaiian island on Maui to negotiate a trade pact. Trade Representative Michael Froman told his counterparts at the start of the talks at the Westin Resort in Kaanapali on Tuesday that tough political issues remain to be resolved. Other nations negotiating the deal...

  • LAHAINA, Hawaii, July 28- Australia is pleased with discussions with Pacific Rim trading partners on resolving disputes with foreign investors but will not agree to a regional trade pact unless it wins more access to the U.S. sugar market, Australian Trade Minister Andrew Robb said on Tuesday. In an interview with Reuters on the sidelines of talks aimed at...

  • Amari says Japan, U.S. need more bilateral trade talks Wednesday, 29 Jul 2015 | 1:32 AM ET

    LAHAINA, Hawaii, July 28- Japanese Economics Minister Akira Amari said on Tuesday that Japan and the United States have not yet reached an agreement in bilateral trade talks and that the two nations need more discussion. Ministers from the 12- nation Trans-Pacific Partnership are in Hawaii aiming to clinch a broad agreement this week. Japan and the U.S. have been...

  • LAHAINA, Hawaii, July 28- Pacific Rim trading partners are considering setting up a top-level forum to consider ways to avoid currency manipulation in parallel to an ambitious 12- nation trade deal, Australian Trade Minister Andrew Robb said on Tuesday. Robb said the U.S. proposal would not seek to include language on avoiding currency manipulation within the...

  • LAHAINA, Hawaii, July 28- The United States, Canada and Japan have to make concessions on dairy trade before a wider Pacific trade deal can be wrapped up, New Zealand's agricultural trade envoy said on Tuesday. "We have got to see movement with Canada and the USA, Japan and New Zealand and Australia in particular, that's where the dairy things lie," Petersen said.

  • Dairy trade impasse holding up Pacific trade deal -NZ Tuesday, 28 Jul 2015 | 7:31 PM ET

    LAHAINA, Hawaii, July 28- The United States, Canada and Japan have to make concessions on dairy trade before a wider Pacific trade deal can be wrapped up, New Zealand's agricultural trade envoy said on Tuesday. "We have got to see movement with Canada and the USA, Japan and New Zealand and Australia in particular, that's where the dairy things lie," Petersen said.

  • Hawaiian Holdings misses Street 2Q forecasts Tuesday, 28 Jul 2015 | 5:20 PM ET

    HONOLULU _ Hawaiian Holdings Inc. on Tuesday reported second-quarter earnings of $48.8 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Hawaiian Holdings shares have fallen 15 percent since the beginning of the year.

  • KUALA LUMPUR, Malaysia— Long-haul budget carrier AirAsia X said Tuesday it expects to return to operational profit by the end of the year and is open to foreign investment. AirAsia X has suffered losses in the past two years and its share price has plunged to near record lows at around 0.20 ringgit, far below its IPO price of 1.25 ringgit. Malaysia- based AirAsia X has...

  • SAN FRANCISCO— Ivory dealers in San Francisco's Chinatown stood in their shop doors next to windows full of carved ivory tusks and trinkets, unfazed by proposed federal rules that the White House says go as far as possible to ban the U.S. trade of ivory from the world's endangered elephants. "Cow bone," Virginia Lo, manager of a Chinatown shop next door, said of the...

  • The United States and Japan, the two biggest economies in the talks, are both keen for strong intellectual property protections, such as long copyright periods and data protection for next-generation drugs. Japanese Economy Minister Akira Amari, arriving in Hawaii with his counterparts from the 12- nation Trans-Pacific Partnership countries, told...

  • Bank of Hawaii tops Street 2Q forecasts Monday, 27 Jul 2015 | 9:06 AM ET

    HONOLULU _ Bank of Hawaii Corp. on Monday reported second-quarter profit of $41.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Bank of Hawaii shares have risen 13 percent since the beginning of the year.

  • WASHINGTON— The State Department on Monday took Malaysia and Cuba off its blacklist of countries failing to combat modern-day slavery, leaving the U.S. open to criticism that politics is swaying the often-contentious rankings in its annual human trafficking report. Thailand, downgraded with Malaysia last year because of pervasive labor abuses in its...