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  • SEOUL, May 1- South Korean exports accelerated their decline for a fourth straight month in April to a low not seen in two years and imports also slumped- producing a record trade surplus. Preliminary data showed April's exports were 8.1 percent down from a year earlier to $46.22 billion, while imports dropped a much faster 17.8 percent to $37.73 billion, the...

  • SEOUL, May 1- Following are South Korea's preliminary export and import figures for April, released by the Ministry of Trade, Industry and Energy on Friday:. APRIL* MARCH Balance 8.5 8.4 Exports 46.2 47.0 -8.1 -4.3 Imports 37.7 38.6 -17.8 -15.3* Revised figures released on April 15. April's trade surplus was the highest on record.- The average export value per working...

  • WASHINGTON, April 30- A key U.S. lawmaker said on Thursday he is optimistic Congress will approve legislation central to a Pacific trade pact even though the top Democrat in the House of Representatives said more work is needed to make the "fast track" legislation palatable to his party. The Republican chairman of the House Ways and Means Committee, Paul Ryan,...

  • WASHINGTON— Republican leaders say GOP votes alone won't pass trade legislation sought by President Barack Obama and are urging the White House to put more pressure on reluctant Democrats to lend their support. Obama on Thursday met with members of the New Democrat Coalition, a group of moderate lawmakers who tend to back trade policies.

  • WASHINGTON, April 30- A key U.S. lawmaker said on Thursday he is optimistic Congress will approve legislation key to a Pacific trade pact even though the top Democrat in the House of Representatives said more work is needed to make the "fast track" legislation palatable to Democrats. The Republican chairman of the House Ways and Means Committee, Paul Ryan, said he...

  • How Kim Jong Un drives terrorist financing Thursday, 30 Apr 2015 | 8:51 AM ET
    North Korean leader Kim Jong Un speaks in an undated photo released April 26, 2015, by North Korea's Korean Central News Agency.

    A new report makes the case North Korea should be put back on a U.S. list of nations that sponsor terrorism, which would limit the regime's finances.

  • ISLAMABAD, April 30- Pakistan plans to install new gas import terminals and pipelines to underpin an economic revival linked to $46 billion in Chinese deals, but its ambitions are being undermined by poor planning, price uncertainty and security concerns, industry experts said. Pakistan has shale gas reserves of 105 trillion cubic feet, the U.S. Energy...

  • Russia looks set to extend import ban on Western food Thursday, 30 Apr 2015 | 7:43 AM ET

    MOSCOW, April 30- Russia looks likely to extend a ban on Western food imports beyond an Aug. 7 deadline, with a lack of incentive to lift its embargo due to the prospect of extended European sanctions. The ban on most food imports from the United States, European Union and other countries worth $9 billion is due to run out on Aug. 7, a year after it was imposed in...

  • BANGKOK, April 30- Thailand's central bank unveiled measures on Thursday to encourage more capital outflows to rein in the strong baht, a move it hopes will spur the country's ailing exports and boost the trade-dependent economy. Thailand is treading carefully after imposing tough capital controls in late 2006 that spooked markets and were quickly aborted.

  • China Q1 trade deficit in services widens to $41.2 bln Thursday, 30 Apr 2015 | 6:52 AM ET

    BEIJING, April 30- China's trade deficit in services widened to $41.2 billion in the first three months of the year, as Chinese tourists spent more abroad compared with foreigners visiting the mainland. The trade deficit in services was led by a $40.6 billion gap in spending between Chinese and foreign tourists, according to data from the State Administration...

  • TOKYO, April 30- Asian imports of Iranian crude fell 9.2 percent in March from a year ago as India bought no oil from the sanctions-hit country for the first time in at least a decade under U.S. pressure, offsetting a jump in purchases by Japan and South Korea. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.04 million barrels per...

  • JABER CROSSING, Jordan— Jordan's overland trade has largely been paralyzed by recent border attacks from insurgents in neighboring Syria and Iraq— a spillover of regional turmoil threatening a close Western ally that has thus far succeeded in fending off Islamic militants. The violence has forced the closure of the only Syria- Jordan trade crossing and...

  • WASHINGTON, April 29- President Barack Obama could prevail in his drive for legislation to boost a major Pacific trade deal if enough members of a group of moderate Democrats, as expected, lend their support, said lawmakers and trade specialists on Wednesday. Obama faces a tough fight in Congress over "fast-track" trade negotiating authority.

  • WINNIPEG, Manitoba, April 29- Saudi Arabia, the world's second-largest importer of chicken broiler meat, has banned imports of poultry meat and egg products from the Canadian province of Ontario due to the presence of avian influenza on three Ontario farms. This strain has also been reported this year in the United States in Arkansas, Idaho, Iowa, Kansas, Minnesota,...

  • MOSCOW, April 29- Russia will take a decision by mid-May on removing a tax on wheat exports ahead of schedule and will set up a new mechanism in case it needs to act quickly to regulate trade in the future, a senior government official said on Wednesday. Russia, one of the world's major wheat exporters, initially imposed the tax from Feb. 1 until June 30 to cool domestic...

  • Export freeze sows bitterness in Venezuela chocolate trade Wednesday, 29 Apr 2015 | 10:16 AM ET

    EL CLAVO, Venezuela— William Machado worked all winter harvesting palm-sized yellow cacao pods and drying the flavorful beans inside. We're not reaping any benefits from our harvest because we don't have buyers for the cacao, "he said amid a grove of spindly cacao trees in a densely vegetated farming village on Venezuela's northern coast.

  • Will Abe's Congress speech be worth watching?   Tuesday, 28 Apr 2015 | 10:31 PM ET
    Will Abe's Congress speech be worth watching?

    Tobias Harris, Japan Analyst at Teneo Intelligence, explains why Japanese prime minister Shinzo Abe's address to the U.S. Congress will be "long on symbolism, but short on concrete substance."

  • SHANGHAI, April 29- China will reduce import tariffs on some consumer goods by the end of June to help boost domestic spending and support the economy, a government statement said. For example, Apple Inc's iPhone 6 is being sold in China for 5,286 yuan compared with HK $5,588 in Hong Kong. Earlier in the month, state media reported China will limit the number of visits...

  • SHANGHAI, April 29- China will reduce import tariffs on some consumer goods by the end of June, a State Council statement released late on Tuesday said. The statement did not specify which consumer goods would benefit from reduced tariffs. The decision was made in order to satisfy rising consumer demand, the statement said.

  • Abe's visit is a boost for US-Japan ties: Pro   Tuesday, 28 Apr 2015 | 8:44 PM ET
    Abe's visit is a boost for US-Japan ties: Pro

    Victor Teo, assistant professor at University of Hong Kong, says prime minister Shinzo Abe's Washington visit aims to bring U.S.-Japan alliance to a level that can counter the rise of China.