×

Economic Measures Trade

  • WASHINGTON, May 11- The U.S. Senate on Thursday approved President Donald Trump's nominee for U.S. Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico. The Senate voted to confirm veteran trade lawyer Robert Lighthizer by a 82-14 vote.

  • MEXICO CITY, May 11- Mexico sent a stark message to U.S. Mexico has tried to deepen commercial links with China for years, and President Enrique Pena Nieto had hoped a Chinese high-speed train contract would presage more investment. Mexico runs a sizeable trade deficit with China, and the government could face resistance from Mexican manufacturers to opening up...

  • G7 finance meeting kicks off in Italy

    CNBC's Ylan Mui reports on the agenda for the G7 meeting of finance ministers ahead of the G7 Summit later in May.

  • Trade Representative, a critical position ahead of renegotiations of the North American Free Trade Agreement with Canada and Mexico, passed a key procedural hurdle in the U.S. Senate on Thursday. The Senate voted to limit debate over the nomination of veteran trade lawyer Robert Lighthizer by a 81-15 vote. Lighthizer passed through the procedural vote easily...

  • WASHINGTON, May 11- President Donald Trump's nominee for U.S. Trade Representative, a critical position leading renegotiations of the North American Free Trade Agreement with Canada and Mexico, passed a key procedural hurdle in the U.S. Senate on Thursday. The Senate voted to limit debate over the nomination of veteran trade lawyer Robert Lighthizer.

  • ABIDJAN, May 11- Cocoa exporters in Ivory Coast worry that the continuing slide in world prices risks leaving the top producer's marketing board unable to cover support payments on mid-crop exports, company officials told Reuters on Thursday. Ivory Coast sells forward the bulk of its harvest through auctions of export permits in order to establish a price...

  • OTTAWA, May 11- Canada's senior negotiator at talks to renew NAFTA will be the official who worked for years to push through a major free trade deal with Europe, two sources familiar with the matter said on Thursday. Steve Verheul faces another challenge as he deals with the United States, which is threatening to walk away from the three-nation North American Free...

  • MUMBAI/ NEW YORK, May 11- Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration. William Dudley, head of the New York Fed, did not...

  • French Economy and Finance Minister Michel Sapin (L) speaks with former French Economy Minister Emmanuel Macron

    France’s Finance Minister Michel Sapin has said that he wants the newly-elected President Emmanuel Macron to succeed and win a majority in the country’s upcoming parliamentary election, though he insisted a cohabitation government would not hamper the country’s prospects.

  • ISTANBUL/ MOSCOW, May 11- Turkey resumed wheat imports from Russia on Monday, Turkish Economy Minister Nihat Zeybekci told Reuters on Thursday, just a few days after the trade dispute between the two countries was settled. The dispute, which had brought Russia's grain supplies to Turkey to a virtual standstill, was resolved at the meeting of the presidents of the...

  • Finance ministers will punt any formal discussion of trade as they meet in Italy.

  • BRUSSELS, May 11- European steel body Eurofer said it expects the European Union to rule in favour of final duties on hot rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, having decided in April not to apply provisional duties on the five countries. The European steel sector is slowly emerging from a crisis that saw prices plunge in 2015, but Eurofer says...

  • BRUSSELS, May 11- European steel body Eurofer said it expects the European Union to rule in favor of final duties on hot rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, having decided in April not to apply provisional duties on the five countries. The European steel sector is slowly emerging from a crisis that saw prices plunge in 2015, but Eurofer says it...

  • Mark Carney in London, Britain July 5, 2016.

    The Bank of England (BOE) held interest rates steady at 0.25 percent, as expected, on Thursday while implementing some widely anticipated modifications to its growth and inflation assumptions over the three-year forecast horizon.

  • William Dudley, president of the Federal Reserve Bank of New York.

    New York Fed President William Dudley's remarks come at a time when open borders have come under increasing criticism.

  • PARIS, May 11- France's exports of goods should rebound this year after a deterioration in the current account weighed on growth last year, the central bank said on Thursday. France's current account deficit doubled last year to 19 billion euros, or 0.9 percent of economic output, despite a lower energy import bill as its services surplus evaporated and exports...

  • MUMBAI/ NEW YORK, May 11- Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump Administration. President Donald Trump by name in a speech at the...

  • FED'S DUDLEY: U.S. SHOULD REDUCE TRADE BARRIERS, HELP WORKERS COMPETE.

  • FED'S DUDLEY: TRADE BARRIERS HURT U.S. EXPORTERS, WORKERS, PRODUCTIVITY.

  • Donald Trump

    The takeaway for the stock markets: don't bet on any quick legislation around trade, the budget, health care or infrastructure.