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  • WINNIPEG, Manitoba, June 2- Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat-labeling laws, Agriculture Minister Gerry Ritz said on Tuesday. Canada is ratcheting up pressure on U.S. lawmakers to scrap the meat labeling laws after they were ruled illegal by the World Trade Organization...

  • INTERVIEW- CANADA LOOKING TO HIKE TARIFFS ON ARRAY OF U.S.

  • WASHINGTON, June 2- The Republican chairman of the House of Representatives' energy panel on Tuesday said he favored lifting the 40- year-old ban on U.S. oil exports, a move that could boost support for legislation in the chamber. "Oil exports can be a win for the American people and a win for our allies," said Representative Fred Upton of Michigan in prepared remarks...

  • Representative Fred Upton, the Republican chairman of the House of Representatives' energy panel, on Tuesday said he favors lifting the 40- year-old U.S. oil export ban. "Oil exports can be a win for the American people and a win for our allies," Upton said. His backing could boost support for a bill in the House to overturn the trade restriction Congress enacted in the...

  • Sorry, Cuba not ready for developers: Ross Tuesday, 2 Jun 2015 | 8:27 AM ET
    Pedestrians wait for a bus in Havana, Cuba.

    Little will change in Cuba so long as the Castro government remains in power, billionaire developer Stephen Ross says.

  • *May imports from Iran rise nearly 40 pct on-mth to 367,900 bpd. The jump to a 14- month high comes just two months after India dropped its crude imports from Iran to zero under U.S. pressure to limit its purchases of the Islamic republic's oil. Many analysts say Tehran, the United States, Britain, France, Germany, Russia and China will reach an agreement by or shortly...

  • LIMA, June 1- A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18- day strike has nearly frozen activities at the northern terminal of Callao at the edge of the capital Lima, prompting $100 million in lost revenues for merchants,...

  • The crisis has prompted the authorities in Tripoli, who control much of western Libya, to plan cuts to petrol subsidies, to delay public salary payments and to ban on imports from cars to steel. Libya needs $30 billion to fund imports annually and typically spends $40 billion on its budget. "Libya is on the verge of economic and financial collapse," U.N.

  • WASHINGTON— After several near-death experiences in the Senate, the trade agenda that President Barack Obama is pushing as a second term capstone faces its biggest hurdle yet in the more polarized House. Anti-trade forces have struggled to ignite public outrage over Obama's bid to enact new free-trade agreements, but Democratic opposition in Congress...

  • South Korea, China sign free trade deal Monday, 1 Jun 2015 | 2:03 AM ET

    SEOUL, South Korea— South Korea and China signed a free trade deal Monday that will remove tariffs on more than 90 percent of goods over two decades. The agreement will give South Korea's small- and medium-sized companies wider access to the Chinese market while boosting China's investment in South Korea, the ministry said. It was the first time for China to...

  • June 1- China's manufacturing sector showed scant signs of picking up in May as demand stayed stubbornly weak, while exports in South Korea suffered their biggest annual drop since the global financial crisis, grim readings which prompted calls for bolder stimulus measures. The focus now shifts to the United States and parts of Europe, where hopes are pinned on...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 1- Another anemic reading on China's factory sector will no doubt spark increased expectations of monetary and fiscal stimulus, along with hopes for improved commodity demand and prices. But the problem with this scenario is that there is little correlation between China's Purchasing...

  • *Top three markets cut purchases from South Korea. SEOUL, June 1- South Korean exports in May suffered their worst annual fall in nearly six years partly hurt by a persistent slowdown in China, its biggest export market, heightening pressure on policy makers to cut interest rates again. "As external weakness filters through the domestic economy, downside risks to...

  • SEOUL, June 1- South Korean exports in May suffered their worst annual fall in nearly six years on a combination of slowing growth in China, weaker oil prices and fewer working days, backing market expectations for a further interest rate cut soon. "There are several one-off factors but the weak export figures and the persisting weakness in other recent...

  • SEOUL, June 1- Following are South Korea's preliminary export and import figures for May, released by the Ministry of Trade, Industry and Energy on Monday:. MAY* APR Balance 6.3 8.5 Exports 42.4 46.2 -10.9 -8.0 Imports 36.1 37.7 -15.3 -17.8* Revised figures released on May 15. NOTES:- Reuters poll: Exports were seen down 9.0 percent in May over a year earlier while...

  • China import tax cuts no remedy for retail slowdown Sunday, 31 May 2015 | 7:30 PM ET

    SHANGHAI, June 1- China's economic policymakers clearly didn't consult mother-of-one Chen Xuejun when they decided to try stimulating consumer demand by slashing import tariffs on sneakers to skincare. Private consumption now accounts for over half of China's GDP growth, but lags far behind levels in markets like the United States. High Street prices of...

  • WASHINGTON— After several near death experiences in the Senate, the trade agenda that President Barack Obama is pushing as a second term capstone faces its biggest hurdle yet in the more polarized House. Anti-trade forces have struggled to ignite public outrage over Obama's bid to enact new free-trade agreements, but Democratic opposition in Congress...

  • BERLIN, May 29- Chancellor Angela Merkel tried to drum up support in Germany for the Transatlantic Trade and Investment Partnership ahead of the G7 summit she is hosting in June, saying in an interview on Saturday she hopes it will be finalized by 2017.. "It's important for me that the transatlantic free trade keeps pace with the Pacific region," Merkel said,...

  • BURABAI, Kazakhstan, May 29- The Eurasian Economic Union signed a free trade agreement with Vietnam on Friday, the first such deal struck by the Moscow- led body with a third party as it seeks to boost its presence on Asian markets. The EEU, which includes Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, was launched in January to promote trade and economic...

  • Fuel and potential fires for the US economy ahead Friday, 29 May 2015 | 12:02 AM ET

    WASHINGTON— The U.S. economy shrank at the start of the year, but the road ahead looks brighter. Just how much brighter is what's up for debate. Steady hiring and low gas prices should help power solid growth through the rest of 2015. The harsh winter and a labor dispute that slowed trade at West Coast ports are both over.