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  • BRUSSELS, Nov 21- A plan giving Brussels new powers to fight unfair Chinese exports "is dead", Italy said on Friday, with the European Union ideologically split over how to deal with countries that dump cheap goods in Europe. Countries such as France say Europe must defend its industries, while free-trade advocates like Sweden see the rules as protectionism.

  • China to overhaul grains import quota system Thursday, 20 Nov 2014 | 6:17 PM ET

    China plans to revamp the scheme it uses to allocate quotas for agricultural imports, as part of efforts to stamp out corruption and to rein in record state grain stockpiles.

  • WASHINGTON, Nov 20- The U.S. Commerce Department on Thursday set duties on imports of rail and road transport containers from China after finding the goods were sold below cost in the United States. In 2013, about $184 million worth of such containers were imported from China. The duties, which must still be confirmed in a final decision by the Commerce Department...

  • BEIJING, Nov 21- China plans to revamp the scheme it uses to allocate quotas for agricultural imports, as part of efforts to stamp out corruption and to rein in record state grain stockpiles, according to government and industry sources. The low-tariff quotas, which are sanctioned under China's membership of the World Trade Organisation, are allocated to...

  • UK economy 'failing' on exports: BCC chief     Thursday, 20 Nov 2014 | 1:30 AM ET

    John Longworth, director-general of the British Chambers of Commerce, says exports have fallen sharply and government support is needed to boost them.

  • Open borders holding back UK wage rises: BCC     Thursday, 20 Nov 2014 | 1:30 AM ET

    John Longworth, director-general of the British Chambers of Commerce, says businesses want skilled immigrant labor but "porous borders" are holding back wage inflation.

  • China: Australia trade deal won't hurt New Zealand Thursday, 20 Nov 2014 | 1:27 AM ET

    WELLINGTON, New Zealand— Chinese President Xi Jinping said Thursday that his country's trade deal with Australia won't hurt neighboring New Zealand because demand from the world's No. 2 economy remains strong. China and Australia signed a preliminary free-trade deal earlier this week. Xi said people have been asking him if that will have a negative impact on...

  • METALS-London nickel hits 5-week high as shortfall eyed Wednesday, 19 Nov 2014 | 10:59 PM ET

    *Coming up: euro zone Markit flash mfg PMI at 0900 GMT. SYDNEY, Nov 20- London nickel hit a five-week high on Thursday on expectations of a shortage of ore in China, as stainless steel makers run down their raw material stockpiles following an Indonesian ban on ore exports. "The chances of a supply gap are fairly high... but I don't think it's going to be as acute as consensus...

  • BEIJING, Nov 20- China's factories looked to have hit an air pocket in November as a private survey showed output falling for the first time in six months, adding to concerns about slowing economic momentum and to the case for further policy easing from Beijing. In China, the flow of data was again disappointing as an early reading on HSBC/ Markit's manufacturing...

  • Asian currencies face 'double whammy'     Wednesday, 19 Nov 2014 | 9:44 PM ET

    Mitul Kotecha, Head of FX Strategy, Asia Pacific at Barclays, says Asian currencies have come under pressure following a weaker yen and soft economic data coming out of China.

  • *Oct exports +9.6 pct y/y vs f'cast +4.5 pct y/y. TOKYO, Nov 20- Japanese exports grew in October at the fastest pace in eight months, an encouraging sign that global demand could help the country recover from recession and support the central bank's optimistic economic outlook. "The trade data shows that exports will contribute to growth in the fourth quarter and...

  • Japan trade deficit narrows in Oct as exports rise Wednesday, 19 Nov 2014 | 7:53 PM ET

    TOKYO— The drop in oil prices helped trim Japan's trade deficit in October, as exports of cars, ships and steel picked up pace. The value of exports was the highest since 2008, while shipments to the U.S., China and other major trading partners hit their highest level in over a year, according to the preliminary data from the Finance Ministry. Japan's economy slipped...

  • TOKYO, Nov 20- Japanese exports grew in October at the fastest pace in eight months in an encouraging sign that global demand could help the country recover from an unexpected recession and support the central bank's optimistic economic outlook. "The trade data shows that exports will contribute to growth in the fourth quarter and help recoup some of the...

  • Japan exports rise at fastest pace in 8 months Wednesday, 19 Nov 2014 | 6:52 PM ET

    Japan's exports rose at their fastest pace in eight months in October, an encouraging sign that global demand is picking up.

  • 'Japan is exporting itself out of crisis': Pro     Wednesday, 19 Nov 2014 | 6:51 PM ET

    October's trade figures are "very good" and will likely persist as Japanese exporters expand into other parts of Asia, says Martin Schulz, Senior Economist at Fujitsu Research Institute.

  • LIMA, Nov 19- Peru is willing to reduce taxes on companies that create jobs to help revive the slowing economy, President Ollanta Humala said on Wednesday. Peru's economic growth has fallen to five-year lows as its mineral exports tumbled on lower global prices and weaker production. Last Friday, finance minister Alonso Segura was forced to trim his 2014 growth...

  • U.S. top trade official optimistic on fast-track power Wednesday, 19 Nov 2014 | 4:25 PM ET

    Trade Representative Michael Froman said on Wednesday he still hopes for bipartisan support in Congress on granting the White House the authority to fast track trade deals but added the timing was up to lawmakers. Congress has yet to consider a Trade Promotion Authority bill, introduced in January, that would prevent lawmakers from amending trade deals in...

  • NEW YORK, Nov 19- Starbucks Corp has this year bought coffee beans from China at its highest volume ever, shipping data show, reflecting the country's burgeoning role as bean supplier amid supply concerns among traditional exporters. That is a fraction of total coffee imports by Starbucks- also the leading overall importer- from across the globe in the...

  • Did China just grant one-of-a-kind trade status? Wednesday, 19 Nov 2014 | 3:12 PM ET
    China's President Xi Jinping (R) shakes hands with South Korea's President Park Geun-hye during a meeting in Beijing, November 10, 2014.

    A new free trade agreement may give companies from South Korea a serious leg up—in China.

  • EU to Japan: Drink more beer Wednesday, 19 Nov 2014 | 1:46 PM ET
    A group of Tokyo businessmen and businesswomen toast with mugs of beer at a beer garden in Tokyo.

    With the global economy slowing, countries around the world are looking for ways to ease trade barriers and spur growth.