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  • Pacific trade talks enter fast and furious' phase Thursday, 25 Jun 2015 | 6:13 PM ET

    WELLINGTON/ WASHINGTON, June 25- Pacific Rim countries are gearing up for a busy six weeks now that the U.S. Congress has approved legislation key to sealing a massive trade pact reaching from Canada to New Zealand, spurring a rush to get the deal over the finish line. Japanese Economy Minister Akira Amari said he hopes the Trans-Pacific Partnership can be wrapped...

  • Congress this week gave Obama "fast-track" power to speed the agreement through Congress. Microsoft Corp, International Business Machines Corp, AT&T Inc and Intel Corp see exports of digital services, such as software and technology consulting, rising in Asian markets. The deal would eliminate a 25 percent tariff on pickup trucks made in Japan and southeast...

  • WASHINGTON— The House has approved the final pieces of President Barack Obama's hard-fought trade agenda and sent them to his desk. The vote clears the way for Obama's administration to wrap up negotiations on a 12- nation Pacific-rim trade deal and send it to Congress under newly approved "fast track" rules. Congress can reject or ratify the pact but not change...

  • House passes worker aid after lengthy fight Thursday, 25 Jun 2015 | 12:36 PM ET
    Members of Congress leave after a series of votes effecting the fast tracking of the Trans-Pacific Partnership on Capitol Hill June 12, 2015, in Washington, D.C.

    The U.S. House of Representatives passed a measure Thursday renewing aid for American workers affected by international trade agreements.

  • OTTAWA, June 25- Canada must join a proposed Pacific trade pact but will also strive to protect its farmers, Prime Minister Stephen Harper said on Thursday, referring to pressure to scrap foreign tariffs that protect the dairy industry. A number of the 12 nations taking part in talks on a Trans-Pacific Partnership want Canada to start dismantling a system of...

  • MOSCOW, June 25- Russian Prime Minister Dmitry Medvedev said on Thursday a list of banned products from Western countries could be changed according to the state of relations with the European Union and other countries. Medvedev told a government meeting he had approved an order by President Vladimir Putin to extend a ban on food imports from the West by one...

  • DHL: New China-Europe rail service is good news Thursday, 25 Jun 2015 | 12:46 AM ET
    DHL: New China-Europe rail service is good news

    Kelvin Leung, CEO, Asia Pacific at DHL Global Forwarding, says the company's third rail service from China to Europe offers customers with a cheaper and faster option.

  • House completes Obama trade package; now for Pacific pact Thursday, 25 Jun 2015 | 12:10 AM ET

    Obama had said he wanted to sign that bill alongside the "fast track" negotiating authority that Congress approved a day earlier. The first, the Trans-Pacific Partnership, involves the United States, Japan, Canada and nine other Pacific Rim nations. The fast-track law allows Congress to ratify or reject such agreements, but not change or filibuster them.

  • US and China to further tighten trade relations Wednesday, 24 Jun 2015 | 7:58 PM ET
    U.S. Treasury Secretary Jack Lew

    The US and China talking about doing a bilateral investment treaty that would further entwine the world's two largest economies.

  • *Senate passes worker aid bill, send to the House. After a six-week congressional battle including two brushes with failure, some fancy legislative footwork and myriad backroom deals to keep the legislation alive, the Senate voted 60 to 38 to grant Obama the power to negotiate trade deals and send them on a fast track through Congress. Final passage could push the...

  • Senators rake in big money from pro-trade donors Wednesday, 24 Jun 2015 | 5:09 PM ET
    Members of Congress leave after a series of votes effecting the fast tracking of the Trans-Pacific Partnership on Capitol Hill June 12, 2015, in Washington, D.C.

    Current senators have received nine times more money from backers of a contentious trade bill than senators have from groups that oppose it.

  • Senate hands Obama major trade victory Wednesday, 24 Jun 2015 | 5:01 PM ET
    President Barack Obama.

    The Senate collected enough votes to give Obama "fast track" trade authority, giving the White House a hard-fought victory.

  • WASHINGTON, June 24- U.S. lawmakers approved legislation key to securing a hallmark Pacific trade deal by a comfortable margin on Wednesday, advancing President Barack Obama's efforts to strengthen U.S. economic ties with Asia. After a six-week congressional battle including two brushes with failure, some fancy legislative footwork and myriad backroom...

  • WASHINGTON— The Senate has handed President Barack Obama a major victory by approving "fast track" authority to negotiate trade agreements in Asia and elsewhere. The 60- to-38 vote on Wednesday clears the way for Obama to seek final language on a trade agreement with Japan and 10 other Pacific-rim nations. The Senate granted Obama the same fast-track authority...

  • *Senate poised to vote on fast-track trade bill. WASHINGTON, June 24- President Barack Obama's bid to boost U.S. economic ties with Asia neared approval on Wednesday, when a six-week congressional battle will culminate in a decisive Senate vote on legislation needed to seal his hallmark Pacific Rim trade deal. The Senate voted 60-37 on Tuesday to clear a...

  • Pelosi says she supports key trade bill Wednesday, 24 Jun 2015 | 12:04 PM ET
    Nancy Pelosi

    Democratic leader Nancy Pelosi announced she will support a key bill providing aid to American workers hurt by trade deals.

  • WASHINGTON, June 24- A battle in Congress that could shut down the U.S. Export-Import Bank next week is already causing headaches for small exporters as they try to stop customers from defecting to foreign competitors and as export financing starts to freeze up. Last year, it was beaten to a landfill gas deal by a South Korean firm with export credit agency...

  • Russia extends ban on Western food imports for a year Wednesday, 24 Jun 2015 | 10:12 AM ET

    MOSCOW— President Vladimir Putin has extended Russia's ban on the import of many agricultural products for another year. The ban was Russia's response to Western sanctions imposed last year over the Ukraine conflict. Putin said Wednesday that Russia's ban on dairy products, meat, seafood, vegetables and fruit would remain in effect until June 24, 2016.

  • MOSCOW, June 24- Russia is considering more import curbs on Western goods, including confectionery, canned fish products and flowers, a minister said on Wednesday, part of Moscow's response to EU sanctions over Ukraine. The ban, which prohibits food imports worth $9 billion from the United States, European Union, Australia, Canada and Norway, was imposed for a year...

  • Republican-led US Congress hands Obama major win on trade Wednesday, 24 Jun 2015 | 3:10 AM ET

    WASHINGTON— In a triumph of divided government, the Republican-controlled Congress passed major trade legislation Wednesday that was long-sought by President Barack Obama but vehemently opposed by most lawmakers in his party. The measure to strengthen Obama's hand in global trade talks cleared the Senate on a vote of 60-38, and will go to the White House...