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Economic Measures Trade

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  • GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The ruling noted, however, that China had stopped applying the tariffs in April, while the WTO hearings were going on, more than four and a half years after the...

  • GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The United States brought the case in 2010 after China slapped punitive duties on U.S. exports of grain oriented flat-rolled electrical steel, used in the...

  • LONDON/ CAIRO, July 31- Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world, as foreign shippers run scared of making direct deliveries due to worsening turmoil. The risks are now so high ship owners should contact their insurers before each trip, said Jonathan Moss, head of transport with...

  • *Mogherini met Iran's Zarif in Tehran this week. BRUSSELS, July 31- The European Union should start high-level talks with Iran on energy and trade by the beginning of 2016, EU foreign policy chief Federica Mogherini told a closed-door meeting of EU policymakers. The day after a deal on Iran's nuclear program was sealed this month, Mogherini told the European...

  • By Mayank Bhardwaj and Krishna N. Das. NEW DELHI, July 31- India is to buy oilseeds and pulses directly from farmers for the first time this year, in addition to its existing purchases of wheat and rice, to boost production and close a supply gap that has driven its annual import bill up to $12 billion. India is the world's biggest consumer of edible oils and Prime...

  • WikiLeaks also posted what it says is an NSA list of 35 Japanese targets for telephone intercepts including the Japanese Cabinet office, Bank of Japan officials, Finance and Trade Ministry numbers, the natural gas division at Mitsubishi and the petroleum division at Mitsui. Japanese Foreign Ministry press secretary Yasuhisa Kawamura said Japan and the...

  • Iran is keen to recover market share that evaporated under U.S. and European Union sanctions designed to keep its exports at around 1 million bpd, down from 2.5 million bpd in 2011. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear program in return for the removal of U.S., U.N. and European sanctions.

  • LAHAINA, Hawaii, July 30- Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs kept them short of an elusive final deal. Ministers from the 12 countries negotiating the Trans-Pacific Partnership, which would cut trade...

  • MIAMI— Drawing a sharp distinction with Republican rivals in the pivotal election state of Florida, Hillary Rodham Clinton on Friday called on the GOP-run Congress to end the trade embargo the U.S. has imposed on Cuba since 1962. President Barack Obama has normalized diplomatic relations with Cuba and made it easier for Cuban-Americans to visit and send money...

  • TAIPEI, July 31- Taiwan's economic growth slowed more sharply than expected to a three-year low in the second quarter, hurt by a collapse in exports as a slowdown in major market China chilled demand for its line of key technology products. The growth slump in Taiwan, an important hub in the global supply-chain for tech giants such as Apple Inc. and...

  • BEIJING, July 31- China posted a $14.9 billion deficit on trade in services in June and a deficit of $91.6 billion in the first half of 2015, the foreign exchange regulator said on Friday.

  • LAHAINA, Hawaii, July 30- Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs were preventing them from reaching an elusive final deal. Ministers from the 12 countries negotiating the Trans-Pacific Partnership, which...

  • Less than 50-50 chance for a TPP deal: Pro

    Clayton Yeutter, senior adviser at Hogan Lovells, discusses whether there could be an agreement from the Trans-Pacific Partnership (TPP) talks this week in Hawaii.

  • LAHAINA, Hawaii— Trade ministers from 12 Pacific Rim nations meeting in Hawaii took time out from their talks for a new trade agreement to pose for a photo. They have been discussing the Trans-Pacific Partnership trade agreement, which advocates say would lower tariffs and other trade barriers while also setting labor and environmental standards for its...

  • APCAC: 'Cautiously optimistic' for a TPP deal

    Steve Okun, vice chairman of the Asia Pacific Council of American Chambers of Commerce (APCAC), discusses whether talks on the Trans-Pacific Partnership (TPP) could be concluded in Hawaii this week.

  • LAHAINA, Hawaii, July 30- Pacific Rim trading partners have to make an effort to seal an ambitious free trade deal but must also recognize that very sensitive markets cannot be thrown open to full competition immediately, Mexican Trade Minister Ildefonso Guajardo said on Thursday. Trade ministers from the 12 countries negotiating the Trans-Pacific...

  • CHICAGO, July 30- U.S. soybean futures rose on Thursday as signs of growing export demand threatened to cut into an already thin supply base, traders said. Corn futures also firmed, with bargain hunters and technical buyers stepping into the market after prices fell to a five-week low. Chicago Board of Trade August soybean futures settled up 7-1/ 4 cents at $9.90-1/ 4...

  • Mike Foley will travel to Japan in September for back-to-back missions to promote foreign trade and investment, the governor announced Thursday. Foley will lead a delegation Sept. 9-11 to promote Nebraska's beef and pork products in the country, which is Nebraska's largest export partner. Ricketts said the Japan continues to be one of Nebraska's top export...

  • Senate panel passes bill lifting crude oil export ban Thursday, 30 Jul 2015 | 1:37 PM ET

    WASHINGTON— A U.S. Senate panel approved energy legislation Thursday that would lift the 40- year-old ban on crude oil exports and open more areas of the Arctic, Gulf of Mexico and the Atlantic Ocean to oil and gas exploration. Republican Lisa Murkowski of Alaska, chairman of the panel, championed the bill, which passed by a party-line vote of 12-10. She said...

  • TOKYO, July 30- Japan's factory output rose modestly in June after a big drop in the prior month, highlighting worries of a second-quarter economic slump as exports weaken and manufacturers are saddled with large inventories. Analysts expect the economy to bounce modestly in the current quarter, helped by a pick-up in private consumption as household incomes...