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  • UPDATE 1-Russian rouble strengthens in thin trade Thursday, 25 Dec 2014 | 3:35 AM ET

    MOSCOW, Dec 25- Russia's rouble strengthened on Thursday as exporters sold foreign currency in response to government pressure and to meet tax payments, but trading volumes were thin as many Western markets were closed for the Christmas Day holidays. "We think the short-term upside for the rouble is limited," Dmitry Polevoy at ING Bank said in a note, also citing...

  • Rouble strengthens in early trade Thursday, 25 Dec 2014 | 2:26 AM ET

    MOSCOW, Dec 25- Russia's rouble strengthened in early trade on Thursday, as exporters continued to sell foreign currency, but trading volumes were thin as many Western markets were closed for the Christmas Day holidays. At 0724 GMT, the rouble was 1.8 percent stronger against the dollar at 52.45 and gained 1.9 percent to trade at 64.31 versus the euro.

  • US removes Gambia from trade agreement Wednesday, 24 Dec 2014 | 2:11 PM ET

    DAKAR, Senegal— Activists have praised the U.S. government's decision to remove Gambia from a trade agreement in response to human rights abuses, including a law signed in October that imposes life imprisonment for some homosexual acts. The White House announced Gambia's termination as a beneficiary of the African Growth and Opportunity Act late Tuesday,...

  • UNITED NATIONS, Dec 23- A global arms trade treaty that aims to regulate the $85 billion industry and keep weapons out of the hands of human rights abusers and criminals will enter into force on Wednesday, though the U.S. Senate has not yet ratified it. They say the treaty, which the United States signed in 2013, would require arms exporters around the world to meet...

  • Retailer Colleen Rast, who sells new brand-name apparel and vintage collectibles through eBay and Amazon, was hit with a $150 customs bill when a New Zealand boutique returned a shipment with a retail value of $1,000. Small firms accounted for more than half of eBay's U.S., British and German cross-border holiday transactions in 2013. This year, 27 percent of...

  • FOREX-Dollar stands tall in thin year-end trade Monday, 22 Dec 2014 | 5:59 PM ET

    *Dollar back above 120.00 yen, dollar index hits near 9- year high. *Trading seen light in Asia with Japan closed for holiday. The euro wallowed near a two-year low of $1.2221, while the Canadian dollar eased to C $1.1634 per USD, back near a 5-1/ 2 year trough of C $1.1674 set last week.

  • Dec 22- Hong Kong said Monday it has suspended imports of certain U.S. poultry and poultry products because strains of avian influenza have been identified in the United States, marking the second foreign market to issue such a ban. No human cases involving either viral strain have been detected in the United States or Canada, and there are no immediate public...

  • BEIJING/ CHICAGO, Dec 22- China has officially approved imports of a type of genetically modified corn at the centre of a string of lawsuits over U.S. grain shipments, seed maker Syngenta AG said on Monday, ending uncertainty after a five-year review. Beijing has been taking longer than in the past to approve new biotech crops amidst growing consumer sentiment...

  • WASHINGTON, Dec 22- Russia is starting to backslide on its commitments to become a fully-fledged member of the global economy and trading community, the United States' trade office said on Monday. Relations between the United States and Russia are at their lowest since the Cold War because of Russia's annexation of Crimea from Ukraine last March and its support...

  • South Korea's trade ministry said in a statement that the high U.S. tariffs on Korean steel pipes, over $100 million annually, put them at a price disadvantage compared with imports from India and other countries. The U.S. International Trade Commission ruled in August that "oil country tubular goods" imports from South Korea, India, Taiwan, Turkey, Ukraine and...

  • LONDON, Dec 22- Russia has complained that a U.S. move to scrap a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules. As a result, Russian steelmaker Severstal now faces anti-dumping duties of 73.59 percent, while other producers like Novolipetsk Steel and...

  • BEIJING, Dec 22- China has officially approved imports of a genetically modified corn seed at the center of a string of lawsuits over U.S. grain shipments, seed firm Syngenta AG said on Monday, ending uncertainty after a five-year review. Syngenta's Agrisure Viptera corn strain has been under scrutiny since late last year, when China rejected over a million...

  • South Korea's trade ministry said in a statement that the high U.S. tariffs on Korean steel pipes- over $100 million annually- put them at a price disadvantage compared with imports from India and other countries. The U.S. International Trade Commission ruled in August that "oil country tubular goods" imports from South Korea, India, Taiwan, Turkey, Ukraine and...

  • They're alive! Cuba's Frankenstein classic cars Sunday, 21 Dec 2014 | 3:00 PM ET
    A classic taxi car cruises the streets of Havana, Cuba.

    Car collectors hoping to go auto hunting in Cuba may find a number of U.S. classics in surprisingly good shape, an expert says.

  • US companies eager to embrace Cuba face hurdles Sunday, 21 Dec 2014 | 11:13 AM ET

    American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...

  • BEIJING, Dec 21- China's trade minister proposed more use of China's currency in settling trade with Russia in the face of a falling rouble to ensure safe and reliable trade, Hong Kong broadcaster Phoenix TV reported on Saturday. Chinese Minister of Commerce Gao Hucheng said the use of China's yuan, or renminbi, has been increasing for several years but western...

  • Illinois farm groups foresee market growth in Cuba Saturday, 20 Dec 2014 | 12:42 PM ET

    BLOOMINGTON, Ill.— Illinois farm groups are looking to Cuba as a growing market for corn, soybeans, pork and other products the state produces, and they see the state's access to rail and river transportation as an advantage to trade with the Caribbean island nation of 11 million consumers. The thaw in relations between the United States and Cuba could mean up to $7...

  • WICHITA, Kan.— President Barack Obama's announcement this week to normalize diplomatic relations with Cuba and ease some economic restrictions has been closely followed in Kansas, as the move could open up a major market for winter wheat producers. The Republican senator urged the Treasury Department to immediately rewrite cumbersome regulations that...

  • MEXICO CITY/ NEW YORK, Dec 19- Mexico and the United States finalized a pact on Friday to end a months-long sugar dispute that threatened to escalate into a broader trade battle. The two countries have settled on agreements that will avoid hefty duties on imports of sugar from Mexico, the U.S. Department of Commerce said in a statement. In a deal hammered out after...

  • MEXICO CITY/ NEW YORK, Dec 19- Mexico and the United States have finalized a pact to end a months-long sugar dispute that threatened to escalate into a broader trade battle, a source close to the talks said on Friday. The two countries have settled on an agreement that will avoid hefty duties on imports of sugar from Mexico and is similar to a draft deal agreed in...