Trade
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NEW YORK, May 18- Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.
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*Freeport first project approved since 2011.
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The approval of natural gas exports from Freeport LNG's Quintana Island, Texas, terminal ends nearly a two-year pause in the Energy Department's review of export applications, as the administration sought to address concerns that sending U.S. gas abroad could harm U.S. manufacturers.
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*U.N. says Syria conflict a humanitarian catastrophe. LONDON, May 17- Syria has managed to increase its grain imports in recent months after a period when it was less active on international markets, traders say, a development that suggests President Bashar al-Assad has found a way to feed his people despite war.
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As maritime piracy, or 'maritime mugging,' keeps evolving, shipping firms are not leaving anything to chance. CNBC's Sri Jegarajah reports from the International Maritime Defense Exhibition and Conference.
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BRUSSELS, May 16- China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies.
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BRUSSELS, May 16- China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies.
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*UK would need to negotiate new free trade rules with partners.
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BRUSSELS, May 16- Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in April while imports fell 10 percent in March, as new data showed the depth of the bloc's downturn.
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Philip Souta, director at Business for New Europe and Pawel Swidlicki, analyst at Open Europe, talk about whether the U.K. can re-negotiate its membership in the European Union.
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*Q1 GDP +0.9 pct vs forecast +0.7 pct in Reuters poll. TOKYO, May 16- Japan's economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports spurred by Prime Minister Shinzo Abe's aggressive monetary and fiscal stimulus.
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*Wheat falls below $7 a bushel to a two-week low. CHICAGO, May 15- Wheat futures on the Chicago Board of Trade fell more than 2 percent to a two-week low on Wednesday in reaction to technical selling, a stronger U.S. dollar and lackluster exports of U.S. grain, traders said. July soybeans fell 3-3/ 4 cents at $14.11 a bushel and July corn was down 1/ 4 cent at $6.52- 1/ 4 a bushel.
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GENEVA, May 15- Argentina has launched a dispute against the European Union at the World Trade Organization, challenging rules for importing and marketing biodiesel applied by Spain, Belgium, France, Italy and Poland, the WTO said on Wednesday.
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GENEVA, May 15- Argentina has launched a dispute against the European Union at the World Trade Organization, challenging rules for importing and marketing biodiesel used by Spain, Belgium, France, Italy and Poland, the WTO said on Wednesday.
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BRUSSELS, May 15- The European Union will impose punitive duties on Chinese imports of ceramic tableware and kitchenware to counter what it says is dumping at artificially low prices to crowd out local products.
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BRUSSELS, May 14- The European Commission plans to send a formal warning to China that it is ready to levy trade duties against telecoms equipment makers Huawei Technologies Co Ltd and ZTE Corp over what it says are illegal subsidies, people close to the matter said.
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*India is largest beneficiary in U.S. trade benefit program. WASHINGTON, May 14- A U.S. think tank on Tuesday recommended Congress suspend trade benefits for India, in the latest sign of U.S. frustration over Indian policies that block American exports and "free ride" on costly U.S. research to develop new medicines and other forms of valuable intellectual property.
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BRUSSELS, May 14- The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal subsidies, people close to the matter said.
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WASHINGTON, May 14- U.S. import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures. Import prices slipped 0.5 percent last month, the biggest decline since December, the Labor Department said on Tuesday.
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CNBC's Rick Santelli breaks down the latest trade numbers, and discusses what it indicates about the U.S. economy and its impact on the markets, with CNBC's Steve Liesman.