GENEVA, July 24- India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.» Read More
SANCTIONS ANNOUNCED ON JULY 16 ARE VIOLATION OF WTO RULES.
RUSSIAN WTO ENVOY SAYS U.S.
*Freeport set to strike deal. JAKARTA, July 24- Indonesia has offered mining companies a tax concession to end a six-month dispute that has reduced mineral exports by half a billion dollars a month, pushed up the global price of some metals and led to thousands of layoffs.
JAKARTA, July 24- Indonesia will cut the tax levied on mineral concentrate exports to less than 10 percent from 20-25 percent for miners that pay a bond as a guarantee they will build a smelter later, a government official said on Thursday.
*China food regulator visits 581 food-related businesses. Shanghai police detained five people on Wednesday, including the head and the quality chief of Shanghai Husi Food, a supplier to foreign fast-food brands including KFC, McDonald's Corp and coffee chain Starbucks Corp over allegations it supplied out-of-date meat.
JAKARTA, July 24- Indonesia will soon allow U.S. miner Freeport-McMoRan Copper& Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday. Indonesia introduced a mineral ore export ban and a steep export tax on concentrates in January.
China factory activity at 18- month high as mini-stimulus for No. 2 economy takes effect Facebook on a roll as 2nd- quarter earnings, revenue surpass expectations Standard& Poor's 500 index ekes out all-time high after Apple and Boeing report earnings Still-slow rebound belies a sturdier economy with less consumer debt and more educated workers IMF sees US growth this year at weakest pace since recession after sharp 1 Q contraction New Zealand raises benchmark interest rate to 3.5 percent but signals pause in future hikes Atlantic City mayor says 6 potential buyers for Revel casino; Atlantic Club may be re-sold In a divided vote, SEC supports an end to $1 a share price for some riskier money-market funds Japan trade deficit at record $74.9 billion in first half as import growth outpaces exports South Korea unveils stimulus plans as shock of ferry sinking slows growth
JAKARTA, July 24- Indonesia's top two copper miners signalled they are nearing a breakthrough to allow a restart of concentrate exports, which have been halted for more than six months due to a dispute with the Southeast Asian country over new mining rules.
TOKYO— Japan's trade deficit surged to a record 7.6 trillion yen in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.
*Japan logs record two full years of trade deficits. TOKYO, July 24- Japan's exports unexpectedly fell in June for a second straight month in a worrying signal that weak external demand could continue to drag on the economy's recovery from a sales tax rise.
Japan's monthly streak of trade deficits hit a two-year mark in June, as exports continued to stay weak while imports remained high.
TOKYO, July 24- Japan's exports unexpectedly fell 2.0 percent in June from a year earlier, down for the second straight month, Ministry of Finance data showed on Thursday, a worrying signal that weak external demand could continue to drag on the economy's recovery. The fall compared with a 1.0 percent increase expected by economists in a Reuters poll.
Atsushi Nakajima, Chairman of the Research Institute of Economy, Trade and Industry, outlines reasons for the trade imbalance and explains why exports will be sluggish in the near term.
July 23- Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate exports which have been halted for more than six months. Indonesia introduced a mineral ore export ban and a steep export tax in January.
*Germany makes up third of EU exports to Russia, worth 36 bln euros. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.
*Germany makes up third of EU exports to Russia, worth 36 bln. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.
RUSSIA MAY IMPOSE BAN ON ALL FOOD IMPORTS FROM UKRAINE BECAUSE OF KIEV'S TRADE DEAL WITH EU- LOCAL NEWS AGENCY CITES GOVT VETERINARY AND PHYTOSANITARY SERVICE.
LONDON— Britain is still authorizing the export of arms and military equipment to Russia despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine, a group of lawmakers said in a report Wednesday.
TOKYO, July 23- Japan's Nikkei share average edged down in choppy trade on Wednesday as investors sought to avoid geopolitical risk such as the Gaza crisis, dragging down index-heavyweight SoftBank Corp and exporters such as Honda Motor Co. The Nikkei ended 0.1 percent lower to 15,328.56.
SEOUL, July 23- South Korea's economy likely posted its weakest growth in more than a year in the June quarter, with a deadly ferry accident hitting consumption and offsetting a modest recovery in exports. The Bank of Korea is confident the second quarter will prove to be the trough for Asia's fourth-largest economy, but the government is less sanguine.