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Economic Measures Trade

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  • SEOUL, Aug 1- South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble. Shipments to China and the European Union fell and growth tailed off in exports to the United States.

  • SEOUL, Aug 1- South Korean exports fell for a seventh straight month in July over a year earlier, further clouding the outlook for the struggling economy as demand from China, Europe and other major markets remains weak. South Korea is the first major exporting economy to report monthly trade data and home to global suppliers such as Samsung Electronics, Hyundai...

  • LAHAINA, Hawaii, July 31- Talks on a Pacific Rim free-trade pact are unlikely to end in a final deal, sources involved in the talks said on Friday, with a dispute between Japan and the United States over autos, New Zealand digging in over trade in dairy products and no agreement on monopoly periods for next-generation drugs. Trade ministers from the 12 nations...

  • SEOUL, Aug 1- Following are South Korea's preliminary export and import figures for July, released by the Ministry of Trade, Industry and Energy on Saturday:. JULY* JUNE Balance 7.8 10.0 Exports 46.6 46.7 -3.3 -2.4 Imports 38.8 36.7 -15.3 -13.6* Revised figures released on July 15. NOTES:- Reuters poll: Exports were seen down 5.0 percent in July over a year earlier while...

  • SOURCE CLOSE TO PACIFIC TRADE NEGOTIATIONS SAYS UNLIKELY TO REACH A DEAL IN MAUI, DUE TO DAIRY, AUTOS, BIOLOGICS.

  • LAHAINA, Hawaii— Trade ministers from a dozen Pacific Rim nations made significant progress this week toward a new trade agreement that would cover nearly 40 percent of the global economy, U.S. It would also clarify and standardize trade rules, making it easier for companies to sell goods and services in the Pacific Rim. The talks have also covered establishing...

  • Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, delayed until 4 p.m. local time a news conference originally scheduled for 1:30 p.m. on the Hawaiian island of Maui. Dairy exports are a top sticking point, with New Zealand- which has said it will not...

  • Pacific Rim free trade talks go down to the wire Friday, 31 Jul 2015 | 3:51 PM ET

    Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, had a news conference scheduled for 1:30 p.m. local time on the Hawaiian island of Maui. Dairy exports are a top sticking point, with New Zealand- which has said it will not back a deal that is not good for...

  • WTO rules against China in specialty steel dispute Friday, 31 Jul 2015 | 12:48 PM ET

    WASHINGTON— The World Trade Organization says China broke global trade rules by failing to comply with an earlier WTO ruling and continuing to impose duties on specialty steel imports. The case dates back to 2010 when China imposed duties on a high-tech specialty steel used in power plants. Despite the ruling, China reintroduced duties on the steel in 2013. 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 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...

  • US wins WTO ruling on Chinese speciality steel tariffs Friday, 31 Jul 2015 | 11:25 AM ET

    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.