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  • WASHINGTON, Jan 22- U.S. lawmakers are preparing a new push to stop trading partners unfairly manipulating their currencies to gain an export advantage, a senior Democrat said on Thursday. Michigan Senator Debbie Stabenow said she was working with colleagues from both parties on a possible standalone bill to stop currency cheats and also aimed to ensure an...

  • MEXICO CITY, Jan 22- A deal on a 12- nation Asia-Pacific trade pact could be concluded in mid-March, Mexico's economy minister, Ildefonso Guajardo, said on Thursday. The pact, known as the Trans-Pacific Partnership, has faced stumbling blocks, in significant part because of wrangling between its two biggest economies, the United States and Japan, over...

  • MEXICO CITY, Jan 22- A deal on a 12- nation Asia-Pacific trade pact could be concluded in mid-March, Mexican Economy Minister Ildefonso Guajardo said on Thursday. "It's feasible," Guajardo told Reuters after holding talks in Mexico earlier this week with U.S. The pact, known as the Trans-Pacific Partnership, has faced stumbling blocks, in significant part because...

  • Russian retailer O'Key hit hard by downturn, food ban Thursday, 22 Jan 2015 | 9:21 AM ET

    MOSCOW, Jan 22- Russian food retailer O'Key said on Thursday its fourth quarter like-for-like sales fell 5 percent because of a sharp drop in customer traffic. Russia banned some food imports from the West in August for one year in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. Unlike Magnit and X5, which operate large discount chains,...

  • As a group of World Trade Organization members prepares to meet in the Swiss resort of Davos to discuss the 2015 agenda, Froman called for "soul-searching" about the next steps for the 20- year-old institution, which late last year clinched the first global deal in its history. In an opinion piece to be published on Reuters, Froman said success in cutting customs...

  • BEIJING, Jan 22- China is closely monitoring its cross-border capital flows, the foreign exchange regulator said on Thursday, amid signs that money is leaving the world's second-largest economy as it slows. But China is able to manage risks from capital outflows as the country still posts a solid trade surplus, the State Administration of Foreign Exchange said.

  • WASHINGTON, Jan 21- The United States is set to slap more duties on imports of tires from China after the Department of Commerce determined they were sold too cheaply in the United States. The duties will affect goods from Shandong Yongsheng Rubber Group Co., Cooper Kunshan Tire Co, a subsidiary of Cooper Tire& Rubber Co, and Giti Tire Co, a subsidiary of Giti Tire,...

  • TORONTO, Jan 21- A surprise move by the Bank of Canada to cut interest rates on Wednesday could reignite Canada's housing market and renew fears of a bubble, just as the market had finally begun to cool after a five-year run to record prices. makes up about 11 percent of Canada's GDP and about one quarter of Canadian exports in 2013.. Canada's housing market paused in...

  • New Democrats in U.S. Congress join trade opponents Wednesday, 21 Jan 2015 | 4:54 PM ET

    WASHINGTON, Jan 21- More than half the new Democratic lawmakers in the U.S. Congress have signed a letter opposing the White House's request for authority to fast-track trade deals and an ambitious Pacific trade pact. Nine of the 16 new Democrats in the House of Representatives wrote to President Barack Obama on Wednesday to express "serious concerns" about...

  • Cuomo backs state exports overseas, plans trade missions Wednesday, 21 Jan 2015 | 3:03 PM ET

    Andrew Cuomo plans to launch a $35 million program to help New York companies export to established and emerging international markets while planning to lead trade missions in the coming year to Cuba, Mexico, Canada, Italy, China and Israel. His budget proposal Wednesday would put $25 million in a lending program for small businesses intended to leverage $50...

  • Venezuela is down to its last banker: China Wednesday, 21 Jan 2015 | 1:58 PM ET
    Venezuelan President Nicolas Maduro (R) gestures after decorating China's President Xi Jinping (L) with a Venezuelan sash during an official visit in Miraflores Presidential Palace, Caracas on July 20, 2014.

    Venezuela may be down to its last lifeline as oil prices continue to plummet, and the country needs financial backing more than ever.

  • WASHINGTON, Jan 21- The U.S. International Trade Commission said on Wednesday imports of solar products from China and Taiwan injure U.S. producers, clearing the final hurdle for import duties on the goods. The commission voted 5-0 against China and 4-1 against Taiwan. Mukesh Dulani, U.S. president of SolarWorld, hailed the ruling.

  • U.S. solar industry harmed by China, Taiwan imports -ITC Wednesday, 21 Jan 2015 | 11:23 AM ET

    WASHINGTON, Jan 21- The U.S. International Trade Commission said on Wednesday imports of solar products from China and Taiwan injure U.S. producers, clearing the final hurdle for import duties on the goods. ITC commissioners voted in favor of the complaint brought by the U.S. arm of German solar manufacturer SolarWorld AG in a bid to close a loophole that let...

  • President Barack Obama' s top Asia adviser on Wednesday said the president's request for trade promotion authority shows the administration's goal is to complete the trade pact with Asia this year. Evan Medeiros, senior director for Asia at the U.S. National Security Council, asked about the Trans-Pacific Partnership at an event at the Brookings Institution,...

  • Oil export losses to reach $300 billion in Middle East Wednesday, 21 Jan 2015 | 9:00 AM ET

    WASHINGTON, Jan 21- Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund said on Wednesday. Economies that are particularly dependent on oil exports, including Qatar, Iraq, Libya and Saudi Arabia, will be hit...

  • WASHINGTON, Jan 20- President Barack Obama said on Tuesday the United States and not China must write trade rules for Asia and called on Congress to give the White House a freer hand to close trade deals. China is not part of the Trans-Pacific Partnership the United States is negotiating with 11 other trading partners, which aims to set common standards on issues...

  • Obama says U.S., not China, must write trade rules Wednesday, 21 Jan 2015 | 12:03 AM ET

    WASHINGTON, Jan 20- President Barack Obama said on Tuesday the United States and not China must write trade rules for Asia and called on Congress to give the White House a freer hand to close trade deals. China is not part of the Trans-Pacific Partnership the United States is negotiating with 11 other trading partners, which aims to set common standards on issues...

  • US needs to show leadership by passing TPA: AmCham  Wednesday, 21 Jan 2015 | 12:02 AM ET

    Trade agreements are essential for the U.S. business community, says Steve Okun, Chairman of the Asia Pacific Council of American Chambers of Commerce. He explains what that means for the TPP trade talks.

  • WASHINGTON— The Republican-controlled Senate on Tuesday rejected Democrats' bids to ban exports from the Keystone XL oil pipeline and to require building the project with American-made steel. In largely party-line votes, the Senate sidetracked the first two additions to a bill seeking to approve construction of the 1,179 pipeline. The Senate...

  • US official: TPA will facilitate TPP progress  Monday, 19 Jan 2015 | 7:14 PM ET

    Stefan Selig, U.S. Under Secretary of Commerce for International Trade, explains how the Trade Promotion Authority (TPA) will help to speed up the Trans-Pacific Partnership (TPP) trade talks.