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  • Obama-Castro: Has 'the fever' broken? Wednesday, 17 Dec 2014 | 12:27 PM ET
    Calle Ocho in Little Havana, Miami.

    Obama's move to normalize relations with Havana is raising the promise in South Florida that it will finally open up Cuba's economy.

  • Pope personally involved in US-Cuba diplomacy talks Wednesday, 17 Dec 2014 | 12:09 PM ET
    Pope Francis on his way to attend the Via Crucis during World Youth Day celebrations in July in Rio de Janeiro.

    Secret discussions between the U.S. and Cuban officials happened in Canada and the Vatican and included personal involvement by Pope Francis.

  • *Countries are Egypt, Turkey, India and Armenia. MOSCOW, Dec 17- Russia, one of the world's main wheat exporters, has cut grain exports to all but a few countries after imposing tougher quality checks, an exporters' lobby group said on Wednesday. A Russian grain exporters' lobby- the National Association of Exporters of Agricultural Products- wrote to the government to...

  • US current account deficit rises to $100.3 billion Wednesday, 17 Dec 2014 | 8:31 AM ET

    The Commerce Department said Wednesday that the deficit in the current account rose to $100.3 billion in the third quarter, up 1.9 percent from a revised $98.4 billion deficit in the April-June period. In the April-June period, the government had fined the French bank BNP Paribas $9 billion for violating sanctions against Iran, Sudan and Cuba.

  • U.S. current account deficit widens in third quarter Wednesday, 17 Dec 2014 | 8:30 AM ET

    WASHINGTON, Dec 17- The U.S. current account deficit unexpectedly rose in the third quarter as an increase in exports was offset by a rewidening of the secondary income shortfall. The Commerce Department said on Wednesday the current account gap, which measures the flow of goods, services and investments into and out of the country, rose 1.9 percent to $100.3...

  • US puts hefty duties on solar goods from China, Taiwan Wednesday, 17 Dec 2014 | 1:28 AM ET
    Vivint Solar technicians install solar panels on the roof of a house in Mission Viejo, Calif.

    The U.S. confirmed steep import duties on solar products from China and Taiwan on Tuesday which could inflame trade tensions between the countries.

  • WASHINGTON, Dec 16- The United States confirmed steep import duties on solar products from China and Taiwan on Tuesday in a decision that may inflame trade tensions between the two countries. Producers in China face separate anti-subsidy duties. The move is set to deal a heavy blow to China and Taiwan's solar panel shipment to the U.S. market in the short term,...

  • TOKYO, Dec 17- Japan's exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen as slowing demand in Asia and Europe dampened trade. "Exports to Asia and Europe were weak. "I still expect shipments to remain firm as the U.S. economy continues to help spur output in Asia and Japan.

  • Japan trade deficit grows despite drop in imports Tuesday, 16 Dec 2014 | 7:45 PM ET

    TOKYO— Japan logged a trade deficit in November, the 29th straight month of shortfalls, despite a slight decrease in imports thanks to the recent plunge in crude oil prices and Japan's return to recession. Japan's costs for oil imports sank 22 percent in November from a year earlier, reducing total imports by 1.7 percent from a year earlier to 7.1 trillion yen.

  • Japan exports rise 4.9 pct year/year in November - MOF Tuesday, 16 Dec 2014 | 6:54 PM ET

    TOKYO, Dec 17- Japan's exports rose 4.9 percent in November from a year earlier, Ministry of Finance data showed on Wednesday, rising for a third straight month in a sign of a gradual pick-up in global demand. The result compared with a 7.0 percent increase expected by economists in a Reuters poll. That resulted in a trade deficit of 891.9 billion yen, marking a 29th...

  • SHANGHAI/ HONG KONG, Dec 16- China will slash export tariffs for coal from Jan. 1 and adjust those for a range of other commodities as part of broader efforts to re-order trade and foster economic growth. Despite the sharp drop in coal export taxes, industry experts said there was little risk of Chinese supplies flooding the Asian Pacific seaborne market as...

  • Trade in 2015, not this Christmas  Tuesday, 16 Dec 2014 | 5:55 AM ET

    Steven Englander, global head of G10 FX strategy at Citi, echoes his company's warning to investors about getting into trades during this December.

  • HK Amcham: US-China ties on a 'steady trajectory'  Monday, 15 Dec 2014 | 7:36 PM ET

    While relations between America and the mainland have become more complex, the general trend shows improvements, says Richard Vuylsteke, President, American Chamber of Commerce in Hong Kong.

  • Will there be progress at US-China trade talks?  Monday, 15 Dec 2014 | 5:41 PM ET

    As the 25th session of the U.S.-China Joint Commission on Commerce and Trade kicks off in Chicago Tuesday, David Dollar, Senior Fellow at Brookings Institution, outlines his expectations.

  • SAO PAULO, Dec 15- Fiat Chrysler Automobiles has resumed exports from Brazil to Mexico after a more than three-year hiatus due to weak Brazilian demand and a more favorable exchange rate, Cledorvino Belini, chief executive officer in Latin America, said on Monday. Belini said Fiat's last significant exports of Brazilian cars to Mexico were 15,000 vehicles in...

  • US stocks slide in midday trade, extending decline Monday, 15 Dec 2014 | 12:01 PM ET

    The price of crude oil continued to drop Monday, and Russia's ruble plunged to a record low against the dollar. Russia's ruble plunged 10 percent to 63.96 to the dollar. The price of U.S. benchmark crude oil sank $1.48 to $56.32 a barrel.

  • SYDNEY, Dec 15- Australia's government expects its budget deficit to balloon to A $40.4 billion in the year to June as falling prices for key resource exports and sluggish wage growth blew a gaping hole in tax revenues. The deficit for 2014/ 15 had been forecasted at A $29.8 billion in the May budget, while the 2015/ 16 shortfall was now put at A $31.2 billion, instead of...

  • SYDNEY, Dec 15- Australia's government forecast its budget deficit would balloon to A $40.4 billion in the year to June as falling prices for key resource exports and sluggish wage growth blew a gaping hole in tax revenues. The deficit for 2014/ 15 had been forecasted at A $29.8 billion in the May budget, while the 2015/ 16 shortfall was now put at A $31.2 billion,...

  • PERTH, Dec 14- Australia will take budget measures to cushion an economy facing its worst decline in terms of trade in more than half a century, Treasurer Joe Hockey said on Sunday, with the government poised to unveil large cuts to services and spending. If you reduce the number of government bodies, there will be an impact on jobs, "Cormann told Sky News.

  • WASHINGTON, Dec 12- An ambitious trade deal between Europe and the United States should be finished by the end of next year, a senior German official was quoted on Friday as saying. Trade Representative Michael Froman and European Trade Commissioner Cecilia Malmstrom met this week as part of what both have called a "fresh start" to the 18- month-old talks after a...