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  • A prime opportunity to turbo-charge our economy Friday, 27 Feb 2015 | 4:23 PM ET
    Vern Buchanan Meets with Japanese Foreign Minister Fumio Kishida

    Here's a prime opportunity to turbo-charge our economy, says Rep. Vern Buchanan, a House Ways and Means member, who just returned from Asia.

  • WASHINGTON, Feb 27- Honduras has failed to enforce basic worker protections as required under the terms of a free trade agreement with the United States, the Department of Labor said on Friday after a nearly three-year investigation. A department report said that some companies in Honduras have restricted unions, fired labor leaders, failed to pay minimum wage...

  • Georgia's GDP growth slows to 0.5 pct in Jan yr/yr Friday, 27 Feb 2015 | 7:17 AM ET

    TBILISI, Feb 27- Georgia's gross domestic product growth slowed down to 0.5 percent in January 2015 from 7.8 percent a year ago, the National Statistics service said on Friday. Georgia has also suffered a decline in exports and foreign investment and the government deficit is rising. Georgia may halve its economic growth forecast for this year to 2.0-2.5...

  • Asian imports of Iranian crude fall nearly 22 pct Friday, 27 Feb 2015 | 3:47 AM ET

    *Iran sales to Asia below 1 mln bpd in Jan, first time since Oct. *Cautious optimism on Iran's nuclear deal with West. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- averaged 982,525 bpd last month, the first time the level had dropped below the 1 million bpd mark since October last year, government and trade data showed.

  • Lithuania looks to U.S. for gas imports Friday, 27 Feb 2015 | 3:05 AM ET

    OSLO, Feb 27- Lithuanian liquefied natural gas importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia. Delfin LNG LLC is developing an offshore liquefaction and export facility in Louisiana with a total export capacity of 13 million tonnes of LNG per year. Last year, Litgas signed a...

  • West Virginia exports decline 13 percent in 2014 Friday, 27 Feb 2015 | 2:16 AM ET

    CHARLESTON, W.Va.— A sharp drop in coal shipments is being blamed for a 34 percent decline overall in West Virginia's exports since their record $11.3 billion peak in 2012, state Commerce Secretary Keith Burdette said Friday. West Virginia, the nation's largest coal exporter, saw its shipments drop from $7.4 billion in 2012 to $3.1 billion in 2014, Burdette said.

  • WASHINGTON, Feb 26- The United States and five East African countries pledged on Thursday to ease trade flows and set the stage for more U.S. investment, a program that could be extended to other parts of Africa. The agreement commits Tanzania, Kenya, Uganda, Rwanda and Burundi to cooperate with the United States in customs issues, ease red tape at borders, reduce...

  • On Thursday, Obama stepped up his campaign for expanding exports and negotiating new trade deals in Asia and Europe, a rare spot of common ground with Republicans and a raw point of friction with Democrats. Presidents have had an increasingly tough time getting that authority from Congress; Bill Clinton had to buck his party to win it and George W. Bush got it by a...

  • *U.S. exports to Asia not profitable at current prices. Asia has traditionally taken more than 70 percent of annual global liquefied natural gas demand, and exporters developing new projects in the United States, Canada and Australia had been looking to China, Japan and South Korea- the world's top three buyers- as the most reliable outlets. Nuclear energy, coal and...

  • US travel company begins booking flights to Cuba Thursday, 26 Feb 2015 | 8:57 AM ET
    A young woman talks on her mobile phone as she walks past a mural depicting Cuban revolutionary leaders January 24, 2015 in Havana, Cuba.

    CheapAir.com on Thursday started providing customers with a simple way to book a trip to Cuba online.

  • BEIJING— China imposed a one-year ban on ivory imports that took immediate effect Thursday amid criticism that its citizens' huge appetite for ivory has fueled poaching that threatens the existence of African elephants. China is the world's largest importer of smuggled tusks, although Beijing has campaigned against illegal ivory. After China acquired a...

  • BRUSSELS, Feb 26- The European Union said on Thursday it was escalating a dispute with Russia at the World Trade Organization over what it said were excessive import duties on paper products, refrigerators and palm oil. The challenge is the latest in a series of WTO disputes with Russia, the EU's third-biggest trading partner, since Moscow joined the body in 2012,...

  • U.S. lawmakers battle over currency in trade deals Wednesday, 25 Feb 2015 | 7:04 PM ET

    A bipartisan bill introduced this month and proposals from other lawmakers seek to stop trading partners such as China and Japan from manipulating exchange rates to make their goods cheaper for overseas buyers. It encompasses 12 Pacific Rim trading partners including Japan, whose stimulus program has helped lop off a third of the yen's value since late...

  • KIEV, Feb 25- Ukraine's central bank banned most commercial currency trading for the rest of the week on Wednesday and jumped into the market to buy dollars, reversing a free-fall in the hryvnia that it called "irrational". At day's end the central bank announced it had bought $80 million at an official rate of 28.046 to the dollar, close to the rate at the start of the...

  • KIEV, Feb 25- The value of Ukraine's free-falling hryvnia was in limbo on Wednesday after the central bank banned nearly all commercial currency trading until the end of the week, a decision denounced by the prime minister as bad for the economy. Exporters in Ukraine are required to sell 75 percent of their hard currency income. After later emergency talks with...

  • *Shipments to China -20 pct, to Japan -7.5 pct. BANGKOK, Feb 25- Thai exports were far weaker than expected in January, which will renew pressure on the military-led government to boost economic stimulus and on the central bank to cut rates. Exports, worth more than 60 percent of the economy, fell 3.46 percent in January on the year, the Commerce Ministry said on...

  • MUMBAI, Feb 25- Hindu nationalists in India have stepped up attacks on the country's beef industry, seizing trucks with cattle bound for abattoirs and blockading meat processing plants in a bid to halt the trade in the world's second-biggest exporter. "We are doing everything legally, but these people harass us and disrupt our work for no reason," said Mohammad...

  • *Shipments to China -20 pct, to Japan -7.5 pct. BANGKOK, Feb 25- Thai exports were far weaker than expected in January and imports tumbled again, renewing pressure on the military government to get the stumbling economy moving. Exports, which equal more than 60 percent of gross domestic product, dropped 3.46 percent in January from a year earlier, the Commerce...

  • SEOUL, Feb 25- South Korea said on Wednesday it and China had completed the "initialising" process on a bilateral free trade agreement and were aiming for formal signing of the pact within the first half of this year. China is the world's largest exporter and South Korea ranks seventh. The deal comes as South Korea has yet to decide whether to join the United...

  • MEXICO CITY, Feb 24- A meeting aimed at sealing a Pacific trade deal has been called for April, Mexico's economy minister said on Tuesday, adding he was optimistic it would be finalized in the first half of 2015.. "I am very optimistic that there will be good news for the TPP in the first half of this year," Ildefonso Guajardo told Reuters, referring to the Trans-Pacific...