GO
Loading...

Trade

More

  • July 21- Rent-to-own home furniture retailer Rent-A-Center Inc cut its full-year forecast for revenue and profit, saying it expected demand to remain weak, sending its shares down as much as 2 percent in extended trade. Rival Pier 1 Imports Inc reported lower-than-expected profit for the quarter ended May 31 and cut its full-year profit outlook last month.

  • SYDNEY/ NEW DELHI, July 21- India will firm up its position regarding a landmark global trade pact shortly before a Thursday deadline, a senior official said on Monday, setting up a nail-biting showdown over a deal it says should safeguard a $12 billion anti-poverty food program.

  • India is the most prominent of a group of developing nations angry with rich countries for failing to address their concerns about a deal on trade facilitation struck by WTO member states in Bali, Indonesia, last year. In Bali, WTO members agreed to give India a pass on its stockpiles until 2017, while negotiating a permanent solution.

  • Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded despite initial signs of progress.

  • Concerns mount over India's stance on global trade pact Saturday, 19 Jul 2014 | 7:57 AM ET

    India is the most prevalent among a group of developing nations angry at rich countries for failing to address their concerns about a deal on trade facilitation- struck by WTO member states in Bali last year- that must be detailed by a July 31 deadline.

  • BUENOS AIRES, July 18- Port workers in Argentina's Rosario grains hub will end their strike at midnight, a trade union leader told Reuters on Friday, after the job action paralyzed all agricultural exports for three days during a busy time in the harvest cycle. The workers are set to meet the government for wage negotiations on Monday.

  • SAO PAULO, July 18- Brazilian beef exports to China will increase by more than $1 billion next year following the decision by the world's second-largest economy to lift an embargo on Brazilian beef, the president of an industry group said on Friday.

  • Brazil talks trade with European Commission head Friday, 18 Jul 2014 | 3:59 PM ET

    SAO PAULO— Brazil's president has met with the head of the European Commission to discuss ways to potentially increase trade between Europe and South America.

  • BRUSSELS, July 18- The European Commission's call for views on a contentious part of a planned EU-U.S. free trade deal has drawn almost 150,000 responses that will take months to process, a senior EU official said on Friday.

  • Merkel talks tough, but can Europe back it up? Friday, 18 Jul 2014 | 2:30 PM ET
    German Chancellor Angela Merkel addresses a news conference in Berlin, July 18, 2014.

    It's not clear that the German Chancellor is in a position to actually hit Russia where it would hurt: Its pocketbook.

  • LAGOS, July 18- Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports, a trade body said.

  • US-EU trade talks sour amid chlorine chicken fears Friday, 18 Jul 2014 | 7:25 AM ET

    BRUSSELS— Visions of chlorine-drenched chickens and the prospect of genetically modified "Frankenfood" invading dinner tables across the European Union are proving serious impediments to the signing of a sweeping free trade agreement between the United States and the 28- country bloc.

  • SEOUL, July 18- South Korea will scrap caps on rice imports from 2015, potentially opening up the politically sensitive market to more imports from countries such as the United States and China, in a move that has been fiercely resisted by many farmers. Seoul said steep tariffs would be used to protect its farmers.

  • Speaking to CNBC at the B20 meeting in Sydney, Joe Hockey , Treasurer of Australia, says it's important for the G-20 economies to stay engaged with the business community.

  • WTO: Trade protectionism is still on the rise     Thursday, 17 Jul 2014 | 11:22 PM ET

    Roberto Azevedo, Director-General at World Trade Organization, says there's more that needs to be done to ensure free trade across the globe.

  • *South Korea has long been expected to switch to tariffs. SEOUL, July 18- South Korea will scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, the government said on Friday.

  • B20 proposal will be 'outstanding': BCA     Thursday, 17 Jul 2014 | 8:47 PM ET

    Jennifer Westacott, Chief Executive, Business Council of Australia (BCA), is confident that the B20 summit will put together a "practical roadmap" that will aid the G-20's growth agenda.

  • SINGAPORE/ LONDON, July 18- Iran's iron ore industry is in crisis because of low prices, a senior industry official said, with June exports the lowest in nearly two years and ore piling up at ports. Nearly all Iran's iron ore exports go to China and were worth a total of $2.4 billion in 2013, based on Chinese customs data.

  • WASHINGTON, July 17- The United States on Thursday set steep import duties on Chinese chemicals used in sanitizing water and confirmed duties on high-tech steel from Germany, Japan and Poland after finding the products were being sold too cheaply in U.S. markets.

  • *Ecuador joins Colombia, Peru in group with EU trade deals. BRUSSELS/ QUITO July 17- Ecuador sealed a free-trade deal with the European Union on Thursday, giving the Andean nation greater access to the EU's 500 million consumers and offering the EU's fragile economy another market for its cars, whisky and luxury goods.