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  • BOSTON— Tapping into Canadian hydropower is hardly a new concept in energy-starved New England. Among several plans yet to secure final approval are the $1.4 billion Northern Pass project, designed to bring 1,090 megawatts of Hydro- Quebec power through New Hampshire into southern New England and a 1,000- megawatt transmission line beneath Lake Champlain...

  • China says EU should take steel dumping claims to WTO Saturday, 6 Feb 2016 | 5:47 AM ET

    BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...

  • OTTAWA, Feb 5- Canada said it was lifting some sanctions against Iran, including a ban on financial services, imports and exports, thereby allowing companies such as plane maker Bombardier Inc to compete against rivals. Dion said last week that if Airbus can to sell to Iran, then Bombardier should be allowed to export there as well. "Canada continues to have serious...

  • NEW DELHI, Feb 5- India on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market. Top Indian steel makers such as JSW Steel, Tata Steel Ltd, Jindal Steel& Power Ltd and Kalyani...

  • OTTAWA, Feb 5- Canada lost 5,700 jobs in January and the unemployment rate edged up to a two-year high of 7.2 percent, in part because of further job losses in the. oil-producing province of Alberta, underlining the economy's. Statistics Canada said Friday that in the year to January, employment increased by an anemic 125,500 jobs, or 0.7 percent.

  • South Africa aims to lift coal exports to India Friday, 5 Feb 2016 | 9:45 AM ET

    *South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...

  • OTTAWA, Feb 5- Canada lost 5,700 jobs in January and the unemployment rate edged up to a two-year high of 7.2 percent, in part because of further job losses in the. oil-producing province of Alberta, underlining the economy's. Statistics Canada said on Friday that in the year to January, employment increased by an anemic 125,500 jobs, or 0.7 percent.

  • OTTAWA, Feb 5- Canada's trade deficit unexpectedly shrank to C $585 million in December from C $1.59 billion in November as exports jumped by a healthy 3.9 percent, Statistics Canada data indicated on Friday. Exports to the United States, which accounted for 74.8 percent of Canada's global total in December, grew 2.9 percent while imports grew 1.3 percent.

  • US trade deficit widens as exports fall Friday, 5 Feb 2016 | 8:34 AM ET
    A container ship sits docked in a berth at the Port of Oakland.

    The U.S. trade deficit widened in December as a strong dollar and weak global demand continued to weigh on exports.

  • WASHINGTON— The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. The December deficit increased 2.7 percent to $43.4 billion, the Commerce Department reported Friday. For all of 2015, the deficit rose 4.6 percent to $531.5 billion.

  • WASHINGTON— US trade deficit up in 2015; exports drop for first time since recession amid strong dollar, global weakness.

  • U.S. trade deficit widens as exports fall Friday, 5 Feb 2016 | 8:31 AM ET

    WASHINGTON, Feb 5- The U.S. trade deficit widened in December as a strong dollar and weak global demand continued to weigh on exports. The Commerce Department said on Friday the trade gap rose 2.7 percent to $43.4 billion. November's trade deficit was revised down to $42.2 billion from the previously reported $42.4 billion.

  • *March wheat in Paris falls to contract low. LONDON, Feb 5- Wheat futures in both Chicago and Paris were lower on Friday, weighed down by the slow pace of exports while corn was little changed and soybeans edged up. March wheat on the Chicago Board of Trade was off 0.3 percent at $4.71-1/ 2 a bushel at 1152 GMT.

  • Ahead of the Bell: US trade gap Friday, 5 Feb 2016 | 7:12 AM ET

    WASHINGTON— The Commerce Department reports on the U.S. trade gap for December at 8:30 a.m. Eastern Friday. WIDER GAP: Economists believe that the deficit widened slightly to $43.2 billion in December, according to a survey done by the data firm FactSet. FALLING EXPORTS: In November, the deficit fell 5 percent to $42.4 billion, the lowest in nine months.

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday for a $3 billion share issue to help reduce debt and cut costs, having been hit by a plunge in steel prices which it blamed on a surge in cheap exports from China. The company, twice the size of its nearest rival, reported that its core profit dropped by 32 percent last year to $5.2...

  • *Jan exports seen at -1.9 pct y/y vs Dec's -1.4 pct. BEIJING, Feb 5- China's January exports may have fallen for a seventh month with factories still battling falling prices, but an expected jump in bank lending may underscore the government's bid to put a floor under the slowing economy. That may produce a trade surplus of $58.85 billion for January, compared with a...

  • BRUSSELS, Feb 5- The European Union's top trade official has urged China to take measures to curb overcapacity of its steel industry and warned it that it will open three new anti-dumping investigations this month on steel imports from China. The call comes as the European Union begins a debate into whether to relax trade defences against China as Beijing...

  • SINGAPORE/ BEIJING, Feb 5- Newly licensed Chinese oil importers are taking advantage of low crude prices and healthy domestic product margins, snapping up hundreds of thousands of barrels a day of a global surplus but also adding to China's swelling fuel exports. Armed with quotas that could make up a fifth of total Chinese crude imports this year, the...

  • JAKARTA, Feb 5- Indonesia's economy picked up speed in the fourth quarter but full-year growth was still the slowest since the global financial crisis as weak consumption, investment and exports took a toll on output. Southeast Asia's largest economy grew 4.79 percent in 2015, underpinned by public spending, data from the statistics bureau showed on Friday.

  • JAKARTA, Feb 5- Indonesia's economy grew 5.04 percent from a year earlier in the final quarter of 2015, faster than market expectation, as government spending countered weak exports and consumption. The growth pace in October-December was also faster than in the third quarter, which the statistics bureau revised slightly up to 4.74 percent.