Economic Measures Trade

  • GENEVA, Dec 4- Europe's trade negotiator blamed China on Sunday for scuppering a global environmental trade deal by submitting impossible late demands at World Trade Organization talks aimed at scrapping import tariffs on exports worth more than $1 trillion. "China came in with their list, bringing in totally new elements of perspective, which was very late in...

  • CAIRO, Dec 4- Egypt has sharply raised customs duties on more than 300 goods to encourage domestic production and curb a ballooning trade deficit, prompting fears consumers already struggling with double-digit inflation will face further price increases. The increases, which saw many tariffs jump to 60 percent, are the second to be imposed this year in Egypt,...

  • GENEVA, Dec 4- Talks on scrapping import tariffs on environment-related exports worth more than $1 trillion collapsed at the World Trade Organization on Sunday, with disagreement among the 18 trade ministers on which goods to include, ranging from bicycles to gas turbines. "The participants will now return to capitals to consider next steps," the co-chairs of...

  • The two-day meeting at World Trade Organization involved a bid to agree on reducing tariffs on over 200 environment-friendly goods worth around $1 trillion in trade annually, part of a process that EU trade commissioner Cecilia Malmstrom called important "to show that trade and the environment can go hand in hand." She and several other officials said China's...

  • MEXICO CITY, Dec 2- Mexico's peso ended the week slightly higher, but remained vulnerable to concerns about shifts in U.S. trade policy under the incoming administration of U.S. President-elect Donald Trump while Brazil's real wobbled on uncertainty over fiscal reform. Trump has threatened to curtail trade with Mexico, which sends about 80 percent of its...

  • President-elect Donald Trump takes a tour of Carrier Corporation in Indianapolis, IN on Thursday, Dec. 01, 2016.

    Trump has seized on a deal he helped push through to save U.S. jobs, but White House economist Jason Furman says that's not enough.

  • GENEVA, Dec 2- European resistance to China's massive bicycle industry is just one potential stumbling block for environmental trade talks this weekend in Geneva, where World Trade Organization members could pave the way to scrap tariffs on exports worth over $1 trillion. Trade ministers from the European Union, China and 16 other WTO members including the...

  • Oil tanker

    The Baltic Dry Index climbed 50 percent over the course of November, but the OPEC deal to reduce oil production could hurt tanker shipping.

  • BEIJING, Dec 2- China on Friday urged the United States to abandon a surrogate country approach it uses to calculate anti-dumping measures against Chinese exports, as a related clause in China's World Trade Organization deal is set to expire. Commerce Secretary Penny Pritzker said in November the time was "not ripe" for the United States to change the way it...

  • Opportunities in EM debt remain: Expert

    Nannette Hechler-Fayd'herbe at Credit Suisse talks about positive vibes on emerging markets.

  • Fair trade doesn't mean no trade: CEO

    The need for the U.S. to trade with the rest of the world will remain intact, says Jim Newsome, CEO of the South Carolina Ports Authority.

  • Senator Heidi Heitkamp of North Dakota for either the interior or energy secretary positions in his Cabinet, a source familiar with the matter told Reuters on Thursday. Along with Republican Senator Lisa Murkowski of Alaska, Heitkamp negotiated a deal in Congress last December to lift the decades-old ban on crude oil exports in exchange for a multiyear...

  • Trump & California's trade jitters

    CNBC's Deirdre Bosa reports on how Trump's change in trade policies can impact the Port of LA.

  • WASHINGTON— American consumers and businesses would pay— literally— if President-elect Donald Trump followed through on his campaign pledge to slap big taxes on imports from China and Mexico. "There are few alternative sources for the main products the U.S. buys from China," says Mark Williams, Capital Economics' chief Asia economist. He notes, for example, that...

  • MUMBAI, Dec 1- India's overseas purchases of gold could halve this month after jumping to the highest level in 11 months in November because retail demand has faltered due to the government's move to scrap high-value currency notes, industry officials told Reuters. Retail demand is very weak due to the cash crunch, "Bachhraj Bamalwa, director of the All India Gems...

  • INDIA'S DECEMBER GOLD IMPORTS EXPECTED AT 50 T VS 107 T A YEAR AGO- TRADE BODY.

  • INDIA'S NOVEMBER GOLD IMPORTS RISE TO 100 T, HIGHEST IN 11 MONTHS- TRADE BODY.

  • BEIJING— Chinese buyers of eye-poppingly expensive luxury cars will have to pay extra under Beijing's latest effort to rein in ostentatious spending. It wasn't clear whether the latest tax, which explicitly targets imports, might run afoul of Beijing's World Trade Organization commitments to treat foreign and domestic goods equally.

  • SEOUL, Dec 1- South Korean exports to China and the U.S. expanded in November compared to a year before, while shipments to the EU fell, breakdowns from the trade ministry showed on Thursday. Exports to China rebounded for the first time in 17 months to rise 0.4 percent on-year, while shipments to the U.S. grew 3.9 percent. South Korean exports to the EU dropped sharly by...

  • Cuban citizen Armando (L) and U.S tourist Lisa Fragoso wave U.S flag while passing the U.S. Interests Section, in Havana July 20, 2015.

    The Obama administration is urging Cuba to finalize a number of deals, The Wall Street Journal reported citing sources.