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  • SINGAPORE, Feb 5- Chicago wheat ticked higher on Friday on bargain-buying, but remained on track for its biggest weekly decline since late December as U.S. shipments struggle to find buyers. Soybeans rose, snapping two sessions of decline, although prices were capped by forecasts of improved weather conditions in Argentina. *Corn and soybean futures have felt...

  • WASHINGTON, Feb 4- Republican U.S. Senator Rob Portman on Thursday said he opposes the Trans-Pacific Partnership trade deal in its present form, dealing a significant blow to the pact a day after officials from 12 countries signed it. While approval of the trade pact is a top priority of President Barack Obama this year, his final year in office, it faces stiff...

  • BRASILIA/ SAO PAULO, Feb 4- Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the local automotive sector had its worst January in a dozen years. In a brief interview with Reuters, Trade Minister Armando Monteiro said he would propose free trade in vehicles and auto parts when he travels next week...

  • LONDON, Feb 4- Iran on Thursday called on the United States to make a clear public pledge that it would not penalise European banks for legitimate trade with the Islamic Republic. "Rebuilding the confidence of the banks that the United States will not re-intervene in their relations with Iran may require some further assurance from the United States," Zarif said...

  • *Iran says it supports meeting between OPEC, other producers. NEW YORK, Feb 4- Oil prices were volatile on Thursday, reversing earlier gains as scepticism that cash-strapped OPEC member Venezuela's effort to lobby crude producers for output cuts would succeed offset a weakening dollar. Venezuelan Oil Minister Eulogio del Pino said he had a "good and productive"...

  • LAGOS, Nigeria— Nigeria's state oil company lost 267 billion naira in 2015, even as it tried to pump more oil to counter slashed world prices, the Nigerian National Petroleum Corp. said Thursday. Nigeria is Africa's biggest oil producer but imports most refined products because its refineries are inefficient. According to the report, profits came from the...

  • NZ Trade Min: These are the key benefits of TPP Thursday, 4 Feb 2016 | 1:07 AM ET
    TPP Best agreement NZ has signed

    John McClay, New Zealand's Trade Minister, outlines the advantages of the Trans-Pacific Partnership deal, which took 7 years to negotiate.

  • WELLINGTON, Feb 4- The Trans-Pacific Partnership, one of the world's biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality. The 12 nations include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,...

  • Aussie TradeMin casts doubts on World Bank report Wednesday, 3 Feb 2016 | 8:52 PM ET
    Aussie TradeMin casts doubts on World Bank report

    Australia's Trade Minister Andrew Robb doubts the World Bank's economic metrics that suggest that the TPP deal might not be as beneficial as expected.

  • US trade rep: TPP deal will set standards Wednesday, 3 Feb 2016 | 7:34 PM ET
    CNBC Exclusive : Michael Froman

    Michael Froman, U.S. Trade Representative, says the TPP deal is an opportunity to set high standards across the region, such as improving labor and environmental policies.

  • WASHINGTON— President Barack Obama is applauding the signing of an ambitious free trade agreement among 12 countries that he says would support jobs in the United States. The clock on consideration by Congress does not begin until Obama formally submits legislation for lawmakers' consideration. Republican Senate Majority Leader Mitch McConnell has...

  • New Zealand Trade Min on dairy protectionism Wednesday, 3 Feb 2016 | 7:03 PM ET
    Todd McClay PKG

    New Zealand's Trade Minister Todd McClay says the dairy industry is among the world's most protected and talks about New Zealand's push for free trade.

  • WELLINGTON, New Zealand— Trade ministers from 12 Pacific Rim countries including the United States gathered Thursday in New Zealand for the ceremonial signing of a free-trade deal they say will significantly boost trade. Many people in New Zealand remain opposed to the deal, and hundreds protested outside the Auckland venue where it was being signed,...

  • How Japan sees China's island-building 'problem' Wednesday, 3 Feb 2016 | 3:24 PM ET
    Japan's Foreign Deputy Minister Shinsuke Sugiyama (L) gestures as he welcomes China's Assistant Minister of Foreign Affairs Liu Jianchao (R) prior to the 13th round of Japan-China Security Dialogue at the Foreign Ministry in Tokyo on March 19, 2015.

    "The current situation of the Chinese economy is not good for anybody," a top Japanese diplomat told CNBC.

  • BUENOS AIRES, Feb 3- Argentine power distributor Edenor has said that the jump in power rates announced last week will not significantly alter the firm's revenue flows as the increase in tariff paid by the consumer replaces a government subsidy. The energy ministry last week set new seasonal prices charged to distributors in the wholesale electricity market...

  • SINGAPORE, Feb 3- Oil futures rose in late Asian trade on Wednesday after spending most of the session in negative territory as U.S. crude stocks last week surged to more than half-a-billion barrels and as Iran plans to boost exports from March. U.S. crude, also known as West Texas Intermediate, rose 13 cents to $30.01, after ending the previous session down $1.74, or...

  • SINGAPORE, Feb 3- Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March. Brent for April delivery had dropped 25 cents to $32.47 a barrel as of 0204 GMT, after settling down $1.52, or 4.4 percent. Prices are going to zig-zag for a...

  • AMSTERDAM, Feb 2- The European Union will hold public consultations in the coming months to gather the opinions of industry and trade unions on whether to relax trade barriers against China at the end of the year, as Beijing demands. At issue is whether it grants China "market economy status" from December, which would make it far harder for Europe to impose...

  • If the rule does fail, gold inflows will continue unabated in India, flying in the face of Prime Minister Narendra Modi's efforts to curb costly imports and stop the metal from being used to hide billions of dollars of undeclared "black money". India made it mandatory for customers to disclose their tax code, or Permanent Account Number, for purchases above 200,000...

  • SANTIAGO, Feb 2- Turkey aims to boost trade with Latin America more than two-fold by 2023, in a bid to diversify away from its traditional export markets in the troubled economies of Europe and the Middle East, Economy Minister Mustafa Elitas said on Monday. Citing the advantages of having a free trade agreement with Chile that aims to yield $1 billion in...