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  • Trade Representative Michael Froman said he hopes to wrap up a trade deal with 11 other Pacific Rim nations soon and send it to the U.S. Congress for approval before the end of the year. Lawmakers last week granted the White House authority to close the Trans-Pacific Partnership and other trade deals and speed them through Congress, opening the door to a phase of...

  • Trade Representative Michael Froman said he hopes to wrap up a trade deal with 11 other Pacific Rim nations soon and send it to the U.S. Congress for approval before the end of the year.

  • TRADE REPRESENTATIVE SAYS LIKELIHOOD IS PRETTY HIGH THAT CONGRESS WOULD PASS PACIFIC TRADE PACT.

  • *Exports to U.S., China up, those to EU fall. SEOUL, July 1- South Korean exports declined for a sixth straight month in June, keeping policymakers under pressure as they sought to inject billions of dollars of fresh stimulus into an economy reeling from a one-two punch of weak domestic and global demand. "We'll keep seeing falls in exports throughout the third quarter...

  • Korea PMI shrinks at fastest pace in almost 3 years Tuesday, 30 Jun 2015 | 10:19 PM ET
    A gantry crane moves a container at the Port of Gwangyang in Gwangyang, South Korea.

    South Korea's manufacturing activity shrank in June for a fourth consecutive month and by the fastest pace in nearly three years.

  • Costa Rica posts GDP growth of 2.7 pct in 1st quarter Tuesday, 30 Jun 2015 | 10:01 PM ET

    SAN JOSE, June 30- Costa Rica's economy grew 2.7 percent year-on-year in the first quarter, the lowest rate since the 2009 global financial crisis, the country's central bank said on Tuesday. Gross domestic product growth was driven by private consumption and public spending, but it continues to be affected by slower business investment and a fall in exports,...

  • *Exports to U.S., China up, those to EU fall. Exports from Asia's fourth-largest economy fell 1.8 percent in June from a year earlier to $47.0 billion, while imports slumped 13.6 percent to $36.7 billion, the Ministry of Trade, Industry and Energy said, producing a record trade surplus of $10.2 billion. "We'll keep seeing falls in exports throughout the third quarter...

  • SEOUL, July 1- South Korean exports fell for a sixth consecutive month in June, setting up a testing period for policymakers as they scramble to inject fresh stimulus into an economy reeling from a one-two punch of weak consumer spending and slack global demand. Exports from Asia's fourth-largest economy fell 1.8 percent in June from a year earlier to $47.0...

  • TABLE-South Korea June exports fall 1.8 pct yr/yr Tuesday, 30 Jun 2015 | 8:00 PM ET

    SEOUL, July 1- Following are South Korea's preliminary export and import figures for June, released by the Ministry of Trade, Industry and Energy on Wednesday:. JUNE* MAY Balance 10.2 6.3 Exports 47.0 42.4 -1.8 -10.9 Imports 36.7 36.1 -13.6 -15.4* Revised figures released on June 15. NOTES:- Reuters poll: Exports were seen down 1.0 percent in June over a year earlier...

  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • WASHINGTON— One day after President Barack Obama signed hard-fought trade legislation, his administration took issue with language meant to discourage boycotts of Israel. A bipartisan amendment— which drew comparatively little attention in Congress' long, multi-faceted trade debate— instructs U.S. negotiators to resist other countries' actions that...

  • WASHINGTON, June 30- The U.S. Export-Import Bank will stop new loans and insurance activities at midnight on Tuesday, the White House said in a statement, a lapse it said could hurt exports and jobs and benefit rivals such as China. "When Ex-Im lapses, China and other foreign rivals will pick up the slack, putting American businesses and American workers at a...

  • WASHINGTON, June 30- The U.S. Export-Import Bank will stop new loans and insurance activities at midnight on Tuesday, the White House said in a statement, a lapse it said could hurt exports and jobs and benefit rivals like China.

  • US opening market to Argentina, Brazil beef imports Tuesday, 30 Jun 2015 | 2:43 PM ET

    BUENOS AIRES, Argentina— Argentina and Brazil are greeting news that they will soon be able to export fresh beef into the United States after a longtime ban. Exports of fresh beef from Argentina to the three North American countries could be worth about $280 million, said Economy Minister Axel Kicillof. The U.S. Department of Agriculture's Animal and Plant...

  • *Iraq exports hit record despite Baghdad, KRG tension. LONDON, June 30- OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. OPEC supply has risen in June to 31.60 million bpd from a revised 31.30 million bpd in...

  • *Jan-May imports from Iran slightly over 1 mln bpd. A deal between Iran and six world powers would resolve a 12- year standoff over the Islamic nation's nuclear work in exchange for relief from sanctions, which could eventually send millions of barrels flooding into an already saturated market. Iran, the United States, Britain, France, Germany, Russia and China...

  • BEIJING, June 30- China's trade deficit in services widened to $18.3 billion in May, as Chinese tourists continued to spend more abroad than foreigners visiting the country, the foreign exchange regulator said on Tuesday. For the first five months, China had a deficit of $76.7 billion in services trade and a surplus of $207.8 billion on trade in goods, producing a...

  • China May services trade deficit $18.3 bln Monday, 29 Jun 2015 | 9:53 PM ET

    BEIJING, June 30- China posted a $18.3 billion deficit on trade in services in May and a deficit of $76.7 billion in the first five months of 2015, the foreign exchange regulator said on Tuesday.

  • WikiLeaks says NSA spied on French business Monday, 29 Jun 2015 | 4:21 PM ET

    PARIS— WikiLeaks has released documents that it says show that the U.S. National Security Agency eavesdropped on France's top finance officials and high-stakes French export bids over a decade in what the group called targeted economic espionage. France and the U.S. didn't immediately respond to the release in French publications Mediapart and Liberation...

  • Obama signs trade, worker assistance bills into law Monday, 29 Jun 2015 | 2:22 PM ET

    Five Democratic and two Republican members of Congress watched as Obama affixed his name to the two bills. The trade bill gives Congress the right to approve or reject trade agreements, but not change or delay them. "I think it's fair to say that getting these bills through Congress has not been easy," Obama said.