Trade
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WASHINGTON, June 19- The United States, in first report on Russia's compliance with its World Trade Organization commitments, said on Wednesday it was closely watching Moscow for any violations that thwart U.S. exports to world's sixth-largest economy.
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*Japan logs trade deficit for 11th straight month. TOKYO, June 19- Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the government's efforts to steer the economy through market turbulence.
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TOKYO, June 19- Japan's exports rose in May at the fastest annual rate in more than two years, boding well for the economy as a weak yen and a moderate pick-up in global demand add to the nation's stimulus policies to revive the economy.
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Laura Fitzsimmons, VP, Futures & Options at JPMorgan Investment Bank provides instant analysis to Japanese export and import figures for the month of May.
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WASHINGTON, June 18- A bipartisan group of more than 170 U.S. lawmakers joined with a coalition of U.S. business groups on Tuesday to demand increased U.S. pressure on India to change policies that they said threaten American exports, jobs and innovation. Secretary of State John Kerry travels to India for the fourth annual U.S.-India Strategic Dialogue.
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WASHINGTON, June 18- A coalition of U.S. business groups on Tuesday demanded President Barack Obama's administration increase pressure on India to change trade policies that they said threaten U.S. exports, jobs and innovation. Secretary of State John Kerry is headed to India next week for the fourth annual U.S.-India Strategic Dialogue.
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GENEVA, June 18- Panama has launched a complaint at the World Trade Organization to challenge Colombia over its import tariffs on textiles, apparel and footwear, the WTO said in a statement on Tuesday. Panama also says Colombia wrongly imposes specific duties on the imports in the dispute.
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BRUSSELS, June 18- The European Union's top trade official will discuss a dispute with China over solar panels at a meeting in Beijing on Friday, with the EU looking to negotiate a settlement to the spat and avoid a costly and debilitating trade war.
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There were some good news and some bad news concerning its May trade figures. Exports surged 10% on year. May is usually a slow month for trade due to the Golden Week holidays, but the weak yen helped push up the value of goods. Nikkei's Nozomu Kitadai has more.
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*Sony rises after hedge fund ups stake, presses spin-off. Exporters were mixed, with Toshiba Corp rising 1.1 percent, while Panasonic Corp dropped 0.5 percent and Toyota Motor Corp rose 1.8 percent.
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TOKYO, June 18- Japan's exports are expected to have risen in May by the most in a year in a sign that a weaker yen is starting to take hold, giving the government's economic revival strategy a nod even as the recent market turmoil threatens to undercut its policies.
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The United States and the European Union launched talks on Monday to create one of the world's most ambitious free-trade zones, as France again underscored its determination to protect its movies and culture.
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Steve Sedgwick reports from the G8 summit on a potential bilateral trade deal between Europe and the United States.
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Michael Czinkota, Former U.S. Deputy Former U.S. Deputy Assistant Secretary of Commerce and Rockwell Schnabel, Former U.S. Ambassador to the EU discuss opportunities in the EU-US trade talks.
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ENNISKILLEN, Northern Ireland, June 17- The United States and the European Union launched talks on Monday to create one of the world's most ambitious free-trade zones, as France again underscored its determination to protect its movies and culture.
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*Grains truck inflow to Argentine ports falls dramatically. BUENOS AIRES, June 17- The number of grain trucks entering Argentina's main shipping hub of Rosario dropped sharply on Monday as farmers protested government policies by refusing to sell recently harvested corn and soybeans. Argentina is the world's No. 3 exporter of both crops at a time of high demand.
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Richard Bruton, Ireland's jobs minister, says a EU/U.S. trade partnership would create 400,000 jobs in Europe.
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José Manuel Barroso, president of the European Commission, says Europe needs to pursue bilateral trade deals and that it also need to have more fiscal "discipline".
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Bob Parker, senior advisor at Credit Suisse, says EU-U.S. trade talks are positive as there has been an increase in protectionist measures in the past few years.
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BUENOS AIRES, June 17- The flow of grain trucks entering Argentina's main shipping hub of Rosario fell sharply on Monday as farmers protested government policies by refusing to sell recently harvested corn and soybeans. Argentina is the world's No. 3 exporter of both crops at a time of high demand.
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Truck flow into Argentina's main grain port of Rosario was slower than usual, due to lack of selling by farmers. The strike will continue until Wednesday night at midnight, Julio Curras, vice president of the Argentine Agrarian Federation, said on Saturday, when the protest officially started.
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