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  • US stocks slide in midday trade, extending decline Monday, 15 Dec 2014 | 12:01 PM ET

    The price of crude oil continued to drop Monday, and Russia's ruble plunged to a record low against the dollar. Russia's ruble plunged 10 percent to 63.96 to the dollar. The price of U.S. benchmark crude oil sank $1.48 to $56.32 a barrel.

  • SYDNEY, Dec 15- Australia's government expects its budget deficit to balloon to A $40.4 billion in the year to June as falling prices for key resource exports and sluggish wage growth blew a gaping hole in tax revenues. The deficit for 2014/ 15 had been forecasted at A $29.8 billion in the May budget, while the 2015/ 16 shortfall was now put at A $31.2 billion, instead of...

  • SYDNEY, Dec 15- Australia's government forecast its budget deficit would balloon to A $40.4 billion in the year to June as falling prices for key resource exports and sluggish wage growth blew a gaping hole in tax revenues. The deficit for 2014/ 15 had been forecasted at A $29.8 billion in the May budget, while the 2015/ 16 shortfall was now put at A $31.2 billion,...

  • PERTH, Dec 14- Australia will take budget measures to cushion an economy facing its worst decline in terms of trade in more than half a century, Treasurer Joe Hockey said on Sunday, with the government poised to unveil large cuts to services and spending. If you reduce the number of government bodies, there will be an impact on jobs, "Cormann told Sky News.

  • WASHINGTON, Dec 12- An ambitious trade deal between Europe and the United States should be finished by the end of next year, a senior German official was quoted on Friday as saying. Trade Representative Michael Froman and European Trade Commissioner Cecilia Malmstrom met this week as part of what both have called a "fresh start" to the 18- month-old talks after a...

  • "Those negotiations loom large in the background of the in terms of China opening its market much wider to foreign investment," said Jeremie Waterman, U.S. Chamber of Commerce executive director for China. As the talks begin, Commerce is due to announce the final ruling in a trade dispute over solar panel and cell imports from China and Taiwan.

  • *China- South Korea in deadlock over LCD panels. GENEVA, Dec 12- Talks on cutting trade tariffs on hundreds of information technology products collapsed on Friday, delaying and potentially scuppering a deal estimated to be worth $1 trillion to global trade. Several participants blamed their failure on a deadlock between China and South Korea over liquid...

  • WTO talks fail to clinch trillion dollar tariff cuts Friday, 12 Dec 2014 | 1:21 PM ET
    Delegates walk outside the World Trade Organization (WTO) headquarters in Geneva.

    Talks on cutting trade tariffs on hundreds of information technology goods failed to reach agreement on Friday.

  • *China- South Korea deadlock over LCD panels. GENEVA, Dec 12- Talks on cutting trade tariffs on hundreds of information technology goods failed to reach agreement on Friday, diplomats at the World Trade Organization said. However, it was unclear how further talks would overcome the obstacle of China and South Korea's deadlock over liquid crystal display screens,...

  • WTO TALKS FAIL TO CLINCH DEAL ON TRILLION DOLLAR TARIFF CUTS ON INFORMATION TECHNOLOGY GOODS- DIPLOMATS.

  • *Trade data due at 8:50 am Dec. 17. TOKYO, Dec 12- Japan's exports are expected to have risen for the third straight month in November thanks to solid demand from the United States, an encouraging sign for shipments and the broader economy's recovery from a recession. "Although exports to China are stagnant recently, shipments to the U.S. and other Asian nations have...

  • GENEVA, Dec 11- A trillion dollar deal at the World Trade Organisation to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday. But late on Thursday one trade official involved with the talks said a deal would be very unlikely because of a stand-off between South Korea and China, which was...

  • WASHINGTON, Dec 11- Chances that U.S. negotiators can bring home a strong trade deal with Asia-Pacific countries are now much better than 50-50, U.S. Obama said he was also confident the administration could make a "strong case" in Congress for a Trans-Pacific Partnership deal covering nearly 40 percent of the world economy. Obama said the administration would...

  • Trillion dollar IT trade deal on a knife-edge at the WTO Thursday, 11 Dec 2014 | 12:36 PM ET

    GENEVA, Dec 11- A trillion dollar deal at the World Trade Organisation to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday. "However, while the finalisation of the negotiations appears certainly within reach, there is still some distance, small compared with the long way we have...

  • U.S. import prices post largest drop in 2-1/2 years Thursday, 11 Dec 2014 | 8:32 AM ET

    WASHINGTON, Dec 11- U.S. import prices recorded their biggest decline in nearly 2-1/ 2 years in November as the cost of petroleum products tumbled, suppressing imported inflation pressures. The Labor Department said on Thursday import prices dropped 1.5 percent last month, the largest decline since June 2012, after falling 1.2 percent in September.

  • Obama promotes trade, tax fix, innovation Thursday, 11 Dec 2014 | 7:59 AM ET

    WASHINGTON— President Barack Obama on Thursday declared himself "much more optimistic" than he was last year about completing a major trade deal with Pacific Rim countries. Singling out a possible accomplishment with a new Republican Congress, Obama said that international trade talks on the 12- nation Trans Pacific Partnership have progressed and urged...

  • BANGKOK, Dec 11- Thailand's economy may expand by less than 1 percent in 2014 due to weak exports and slow government spending, Finance Minister Sommai Phasee said on Thursday. The government of Southeast Asia's second-largest economy has already trimmed its outlook four times this year as the country struggles to recover from months of political turmoil...

  • Trade authorization deal faces test from U.S. legislators Wednesday, 10 Dec 2014 | 10:55 AM ET

    WASHINGTON, Dec 10- A push by the White House to woo free trade skeptics on Capitol Hill will help bills through the next Congress, but lawmakers are unlikely to simply wave through legislation that holds the key to deals covering two-thirds of the world economy. President Barack Obama plans to advocate for a bill allowing the administration to negotiate trade...

  • HAMBURG/ SYDNEY, Dec 10- Chicago wheat fell for a second session on Wednesday as concern that Russia will restrict exports eased, while soybeans hit a near one-month high amid expectations the U.S. Department of Agriculture will cut its forecast for inventories. Corn also rose as traders adjusted positions ahead of the monthly USDA report on global supply and...

  • WASHINGTON, Dec 9- A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday. New drilling technologies such as' fracking' have unlocked an abundance of fossil fuels from shale deposits and the...