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.» Read More
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.
TOKYO, July 22- Japan and Mongolia reached a basic agreement on a bilateral free trade deal on Tuesday, the Japanese government said, as Prime Minister Shinzo Abe expands Japan's economic and security ties with countries in the region.
HONG KONG, July 22- China's yuan edged up on Tuesday, holding in a narrow range due to a lack of trading cues, with the overall market shifting to a more positive outlook on the currency for the rest of the year. The People's Bank of China fixed its official rate at 6.1544 per dollar, largely unchanged from Monday's fixing of 6.1547.
Representative Jeb Hensarling wrote a scathing letter to Jay Timmons, president of the National Association of Manufacturers, and James McNerney, chairman of Boeing, referring to reports they were visiting lawmakers to promote the reauthorization of the bank.
WASHINGTON, July 21- A Republican House committee chairman scolded Boeing Co and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for "special privilege."
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.
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.