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  • The U.S. Department of Energy is expected to release a report in late October that will help assess whether domestic gasoline prices would rise if Congress or the Obama administration lifted the 40- year ban on crude oil exports. Congress mandated the oil export ban following the Arab oil embargo of the 1970 s, which sent shock waves through energy markets and...

  • WASHINGTON, Oct 20- The U.S. Department of Energy is expected to release a report in late October that will help assess whether domestic gasoline prices would rise if Congress or the Obama administration lifted the 40- year ban on crude oil exports. Congress mandated the oil export ban following the Arab oil embargo of the 1970 s, which sent shock waves through...

  • WTO rejects US country-of-origin labels for meat Monday, 20 Oct 2014 | 2:04 PM ET

    In a ruling Monday, the World Trade Organization rejected U.S. rules requiring labels on packaged steaks, ribs and other cuts of meat identifying where the animals were born, raised and slaughtered. In 2012, the WTO had ruled against the "country of origin labeling" requirements, which Congress originally wrote in 2002. The U.S. Department of Agriculture rewrote...

  • GENEVA/ WASHINGTON, Oct 20- The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling laws fully into line with international fair trading rules. The WTO said the United States had not done enough to change its labeling laws, requiring retailers such as...

  • MOSCOW, Oct 20- Russia will suspend animal fat and meat byproduct imports from the European Union, the country's veterinary and phytosanitary service Rosselkhoznadzor said on Monday, extending an earlier sweeping ban on Western food. The veterinary service said the ban, coming into force on Oct. 21, was temporary and resulted from the detection of hazardous...

  • GENEVA, Oct 20- The United States has not done enough to change its meat labelling rules after losing a World Trade Organization challenge brought by Mexico and Canada, the WTO said on Monday. The WTO ruled in June 2012 that the U.S. meat labelling program, known as country-of-origin labelling, unfairly discriminated against Canada and Mexico because it gave less...

  • RUSSIA'S VETERINARY SERVICE SAYS TO TEMPORARILY BAN EUROPEAN IMPORTS OF ANIMAL FATS, BY-PRODUCTS.

  • BRUSSELS, Oct 20- The European Union has ended a long-running telecoms row with China, the EU's trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world's top trading powers. As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing sets out a...

  • Saudi crude exports have been sliding in the past few months as shale oil squeezes Saudi oil out of U.S. markets and as demand in Asia, particularly in China, has been slower than expected. North America's shale boom has started to squeeze Saudi oil out of the U.S. market, the International Energy Agency said in a report last month, estimating Saudi exports would run...

  • BRUSSELS, Oct 20- The European Union has ended a long-running telecoms row with China, the EU's trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world's top trading powers. As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing sets out a...

  • Japan's trade minister quits over funding scandal Sunday, 19 Oct 2014 | 9:19 PM ET

    TOKYO— Japan's trade minister resigned Monday amid growing controversy over allegations that she misused campaign funds, though she did not admit to any wrongdoing. Yuko Obuchi, daughter of a former prime minister, has been viewed as a possible contender for prime minister. The duties include overseeing the cleanup and decommissioning of the wrecked...

  • India fuel reform puts diesel under market control Sunday, 19 Oct 2014 | 4:29 AM ET

    NEW DELHI— India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi's government, as it aims to boost the country's economy and overhaul its energy sector. The decision on diesel targets one of India's costliest subsidies for one of the world's dirtiest fuels.

  • Europe's top powers deadlocked as economy sinks Friday, 17 Oct 2014 | 9:26 AM ET

    FRANKFURT, Germany— Europe's economy needs help— fast. Yet the two powers that could take action, the European Central Bank and Germany, don't see eye to eye about what to do. A sudden decline in exports and industrial activity in Germany, long the region's source of growth, heightened those concerns.

  • EU, Singapore conclude investment protection talks Friday, 17 Oct 2014 | 7:43 AM ET

    BRUSSELS, Oct 17- The European Union has concluded talks on a free trade deal with Singapore by adding investor protection clauses, which critics like Germany say give multinationals too much power. German Economy Minister Sigmar Gabriel said last month that Germany rejected investment protection agreements and that it would not sign a trade pact concluded...

  • NEW DELHI, Oct 17- India's corn exports nearly halved in the year to September due to cheaper rival supplies from Brazil, Argentina and the United States, a trend that is expected to continue at least over the first few months of the current season, traders said on Friday. India's traditional customers in Southeast Asian countries like Vietnam, Malaysia, Thailand...

  • Singapore September exports creep up Thursday, 16 Oct 2014 | 9:59 PM ET
    Shipping containers stacked along the docking bay at a port in Singapore.

    Singapore's exports in September rose less than expected as sales to Europe contracted and shipments to the United States slowed.

  • WASHINGTON, Oct 16- Free trade between the United States and China could generate annual combined economic gains of $460 billion for the two countries, according to new research from the Peterson Institute for International Economics. China stands to gain $330 billion, or 1.9 percent of gross domestic product, while the United States would benefit to the tune...

  • Brazil takes Indonesia to WTO over chicken imports Thursday, 16 Oct 2014 | 4:10 PM ET

    GENEVA, Oct 16- Brazil launched a dispute at the World Trade Organization on Thursday to challenge Indonesian restrictions on Brazil's poultry meat exports, the WTO said. Brazil exported frozen chickens and chicken meat worth $7 billion last year, but Indonesia imported almost none and accounted for only $45,000 of Brazil's exports, according to a database of...

  • TORONTO, Oct 16- Two Canadian paper and pulp producers on Thursday urged the federal government to put pressure on China to overturn the country's anti-dumping duties on dissolving pulp, a cellulosic material used to produce rayon. Vancouver, British Columbia- based Fortress Paper said on Thursday that it had been asking the Canadian government to petition...

  • Japan trade minister questioned on political funds Thursday, 16 Oct 2014 | 5:57 AM ET

    TOKYO— Japan's trade minister was peppered with questions in parliament Thursday over possible violations of election laws, in the latest scandal involving female members of Prime Minister Shinzo Abe's Cabinet. Obuchi said Thursday she was checking accounting details following reports she spent about 3.6 million yen in political funds on designer...