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  • 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...

  • MELBOURNE, Feb 2- London copper edged lower on Tuesday after China's factory growth slowed sharply in January, but solid Chinese imports of the metal in December have sparked confidence that prices are finding a floor. But the China data that we saw earlier in the month including imports, seemed to provide a base for confidence for the bulls, "said analyst Daniel...

  • MELBOURNE, Feb 2- London copper was treading water on Tuesday after China's factory growth slowed sharply in January, but solid Chinese imports of the metal in December have sparked confidence that prices are finding a floor. *Shanghai Futures Exchange copper was steady at 35,610 yuan a tonne. *China's manufacturing activity contracted at its fastest pace in...

  • TEGUCIGALPA, Feb 1- Coffee exports from Honduras rose 1.9 percent in January compared to the same month last year, national coffee institute IHCAFE said on Monday, despite a new report of smuggling large quantities of beans to both Guatemala and Mexico. The country's coffee exporters association, ADECAFEH, estimated on Monday that some 345,000 bags during the...

  • *India importing corn for first time in 16 years. *India may soon have to import oilmeals- traders. NEW DELHI, Feb 2- India's prime minister held a late night meeting with food and farm officials last week to address falling agricultural output and rising prices, and traders warn the country will soon be a net buyer of some key commodities for the first time in years.

  • BANGKOK— Thailand, which faces possible trade sanctions over abuses in its seafood industry, says it has accelerated its fight against human trafficking and unregulated fishing. The EU has warned Thailand, the world's third-largest exporter of seafood, that its seafood may be banned if it fails to institute effective measures against unregulated fishing.

  • *Wheat down, Russia not seen changing grain export tax. HAMBURG/ SINGAPORE, Feb 1- Chicago wheat fell on Monday, pressured taxes, while Egypt's rejection of a wheat shipment over the weekend raised doubts about demand from the major importer. "The focus on wheat is on the likelihood that Russia will not change its grain export taxes and so is not set to reduce its major...

  • *Exports to China in Jan worst since May 2009. SEOUL, Feb 1- South Korean exports in January suffered their biggest slump in more than six years as sales to the key China market collapsed, pointing to another wrenching year for Asia's export-reliant economies and more stimulus from regional policymakers. Shipments to China, South Korea's largest market, tumbled...

  • SEOUL, Feb 1- South Korean exports in January suffered their worst downturn since the depths of the global financial crisis in 2009, keeping pressure for more rate cuts to stoke a fragile economic recovery amid cooling growth in China and slackening global demand. Analysts said the grim data may force the Bank of Korea into easing policy once again, although few...

  • SEOUL, Feb 1- Following are South Korea's preliminary export and import figures for January, released by the Ministry of Trade, Industry and Energy on Monday:. JAN* DEC Balance 5.3 7.0 Exports 36.7 42.5 -18.5 -14.1 Imports 31.4 35.5 -20.1 -19.2* Revised figures released on Jan. 15. NOTES:- Reuters poll: Exports were seen down 10.8 percent in January over a year earlier...

  • CAIRO— Egypt has placed new import duties on luxury goods, applying a presidential decree aimed at steering demand toward local products. Cairo airport official Mohammed Mahmoud says Sunday that the decree issued last week raises taxes 10 percentage points to 40 percent. The move comes as Egypt attempts to shore up dollar reserves and make sure they are used...