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Trade

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  • The rupee's real effective exchange rate- calculated on a trade-weighted basis against a basket of 36 currencies and adjusted for inflation- rose to 113.2 in March, according to the Reserve Bank of India. Ministry of Commerce and Industry data shows India's exports fell 21.1 percent year-on-year in March, the biggest drop in more than five years.

  • Strong India rupee stings Modi's export ambitions Sunday, 26 Apr 2015 | 7:46 PM ET

    India's strong rupee has caused the country's worst export performance since 2009, an early setback to Prime Minister Modi's 'Make in India' campaign.

  • Japan regional election results due Monday   Sunday, 26 Apr 2015 | 7:32 PM ET
    Japan regional election results due Monday

    Stephen Nagy, Associate Professor at International Christian University, expects the Liberal Democratic Party to secure a victory in the second round of mayoral and municipal assembly elections.

  • This sector is Abe's 'window of opportunity'   Sunday, 26 Apr 2015 | 6:50 PM ET
    This sector is Abe's 'window of opportunity'

    Hans Goetti, Head of Investment Asia at Banque Internationale à Luxembourg, says the decision to restart Japan's nuclear program is an unpopular but necessary decision for Prime Minister Abe.

  • Sens. Warren, Brown counter Obama on trade Saturday, 25 Apr 2015 | 5:04 PM ET

    WASHINGTON— Two of the Democratic Party's most vocal opponents of strengthening President Barack Obama's hand in trade deals are taking issue with his recent criticism and are calling on him to make public the draft text of a still incomplete deal with 11 other Pacific rim nations. Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio sent Obama a...

  • WASHINGTON, April 24- U.S. and Japanese negotiators have made "substantial progress" toward a deal on a major Pacific free-trade pact but President Barack Obama and Prime Minister Shinzo Abe are not expected to announce a final accord during Abe's Washington visit next week, the White House said on Friday. A deal between Japan and the United States is vital to a...

  • WASHINGTON, April 24- U.S. and Japanese negotiators have made "substantial progress" toward a deal on a major Pacific free-trade pact but President Barack Obama and Prime Minister Shinzo Abe are not expected to announce a final accord during Abe's Washington visit next week, the White House said on Friday. "We expect the leaders to review the progress and to have...

  • WASHINGTON— Japanese Prime Minister Shinzo Abe's visit to Washington next week comes amid heightened attention in Congress to an Asia-Pacific trade deal that has created a deep rift between President Barack Obama and members of his Democratic Party and whose central feature is liberalized commerce between the U.S. and Japan. Abe's official visit to...

  • The fallout from the Dems' red hot fight over trade Friday, 24 Apr 2015 | 12:44 PM ET
    Sen. Elizabeth Warren, D-Mass., speaks during the United Steelworkers rally in opposition to the proposed “Fast Track” bill, or Trade Promotion Authority, in Washington, April 15, 2015.

    The Democrats'simmering internal war on trade will play out both in DC and on the 2016 campaign trail, Politico's Ben White says.

  • *Saudi-led coalition continues Yemen bombings. *OPEC surplus nears 10- year high of 2 mln barrels. LONDON, April 24- Brent crude looked set to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

  • US Senate panel clears trade bill   Thursday, 23 Apr 2015 | 9:42 PM ET
    US Senate panel clears trade bill

    Susan Schwab, strategic advisor for Government & Global Trade Practice at Mayer Brown, discusses news that the Senate committee cleared a legislation to give the White House "fast track" authority to nail down the TPP.

  • UPDATE 1-U.S. House panel passes fast track trade bill Thursday, 23 Apr 2015 | 8:04 PM ET

    WASHINGTON, April 23- Legislation to speed trade deals through the U.S. Congress cleared through a key committee on Thursday, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama's strategic shift toward Asia. Despite the partisan wrangling, the vote in the House of Representatives' Ways and Means...

  • Obama: Trade deals will help American jobs Thursday, 23 Apr 2015 | 6:03 PM ET

    WASHINGTON— President Barack Obama is promoting his trade policies, telling allies he is willing to pursue international commerce agreements even if they are unpopular with Democrats. Obama is seeking to assure Democratic activists and donors that his trade policies will protect U.S. jobs and environmental rules. Obama says critics who say a trade deal with...

  • A few countries— including China, Russia, South Korea and Thailand— have shut off all imports of poultry products from the United States. Mexico, Japan and Canada are among 33 countries declining to accept poultry products from entire states, including Iowa, the nation's leading egg producer, and Minnesota, the top turkey grower in the U.S. Some countries— including...

  • METALS-Poor China factory data weigh industrial metals Thursday, 23 Apr 2015 | 12:25 PM ET

    *China to cut export tariffs on aluminium products from May. LONDON, April 23- Industrial metals prices softened on Thursday after a weak Chinese manufacturing survey reinforced worries about demand, while aluminium was also pressured by news China will remove export taxes on rods and bars. "We haven't seen a strong pickup in demand in China after the New Year...

  • Surprise! Why GOP, Dems agree on trade expansion Thursday, 23 Apr 2015 | 9:31 AM ET
    Ships gather off the ports of Los Angeles and Long Beach, California in this aerial photo taken February 6, 2015.

    In an era of polarization, trade is the rare issue on which leaders of both parties agree. Here's why.

  • TOKYO, April 23- Negotiators for the Trans-Pacific Partnership have agreed trade rules for six broad categories as officials race to conclude a trade pact, a Japanese government source said on Thursday. The United States, Japan and 10 other countries have been locked in talks over the TPP, a U.S. proposal that would cut trade barriers and harmonise standards...

  • *China to cut export tariffs on aluminium products from May 1. LONDON, April 23- A soft reading on factory activity in top metals user China sent copper to a month low on Thursday, reinforcing worries about tepid demand, while aluminium slid on news that China will remove export taxes on rods and bars. "We haven't seen a strong pickup in demand in China after the New Year...

  • Swiss exports defy franc surge on U.S., Asia strength Thursday, 23 Apr 2015 | 4:37 AM ET

    ZURICH, April 23- Swiss exports pushed higher in March despite the franc currency's sharp rise against the euro, as surging shipments to the United States, Middle East and Asia more than compensated for a drop-off in sales to the single currency bloc. Sales to the euro zone were down 3.7 percent on a nominal basis, while exports to the United States and Middle East...

  • WASHINGTON, April 22- Legislation to give the White House "fast track" authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress on Wednesday as a committee backed the bill and sent it to the full Senate for consideration. Approved by the Senate Finance Committee on a 20 to 6 vote, the legislation would prohibit Congress from amending...