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Economic Measures Trade

  • Algeria, the world's third-largest wheat importer, made its biggest U.S. wheat purchase in nine months on Tuesday. "The fact that we sold wheat to Algeria got my attention," said Jim Gerlach, president of broker A/C Trading in Indiana. Algeria is known as one of the world's low-cost buyers and imports most of its wheat from France, taking advantage of its proximity to...

  • Indonesian women sell their harvest in a traditional floating market on the Martapura river in Lok Baintan, South Kalimantan, Indonesia.

    A "controlled moderation" will drag down growth in China next year, the Asian Development Bank said.

  • BUENOS AIRES/ BRASILIA, Dec 12- Trade talks between the European Union and South America's Mercosur bloc will likely extend into next year after European negotiators said they needed more time to respond to improved offers, a source close to Mercosur negotiators said on Tuesday. Mercosur delegates had hoped to announce a so-called political agreement...

  • BUENOS AIRES, Dec 12- Trade talks between the European Union and South America's Mercosur bloc are approaching agreement on a deal on the sidelines of the World Trade Organization ministerial conference in Buenos Aires, negotiators from both sides said on Tuesday. Brazilian Foreign Minister Aloysio Nunes later told reporters that Mercosur and the European...

  • BUENOS AIRES, Dec 12- Trade talks between the European Union and South America's Mercosur bloc are approaching agreement on a deal on the sidelines of the World Trade Organization ministerial conference in Buenos Aires, negotiators from both sides said on Tuesday. Brazilian Foreign Minister Aloysio Nunes later told reporters that Mercosur and the European...

  • USDA pegged soybean 2017-18 ending stocks at 445 million bushels, up 20 million bushels from its November outlook. "South America had a huge crop and they've been flipping them into the market," said Karl Setzer, analyst with MaxYield Cooperative in West Bend, Iowa. "The USDA had been expecting a 3 percent increase and today's numbers show us that USDA is...

  • BUENOS AIRES, Dec 12- The European Union, United States and Japan will issue a joint statement on Tuesday criticizing countries with too much factory capacity, though it will not directly name China, a major source of concern, EU Trade Commissioner Cecilia Malmstrom said. The move is a rare show of solidarity with the United States at a World Trade Organization...

  • WASHINGTON, Dec 12- The U.S. Agriculture Department on Tuesday raised its ending stocks forecast for domestic wheat and soybeans due to dwindling export demand for U.S. supplies. In its monthly supply and demand report, USDA pegged soybean 2017/ 18 ending stocks at 445 million bushels, up 20 million from its November outlook. USDA lowered its 2017/ 18 domestic wheat...

  • UK will choose Canada option

    U.K. Prime Minister Theresa May will "get through until 2019," says John Gieve, former deputy governor for financial stability at the Bank of England.

  • BUENOS AIRES, Dec 11- World Trade Organization members are unlikely to reach a final deal to curb fishery subsidies during the ministerial conference underway this week in Buenos Aires, spokesman Keith Rockwell told reporters on Monday. The success of any deal is widely seen to rest on the willingness of China, which has resisted pressure to curb its vast fleet,...

  • BUENOS AIRES, Argentina— The United States said Monday that the World Trade Organization is losing its focus on trade negotiation and "becoming a litigation-centered organization." Trade Representative Robert Lighthizer also complained that some WTO members try to gain concessions through lawsuits that he said they could never get at the negotiating...

  • BUENOS AIRES, Dec 11- U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China. With Trump's "America First" trade agenda casting a cloud over the WTO's 11th ministerial meeting in Buenos Aires,...

  • BUENOS AIRES, Dec 11- U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China. With Trump's "America First" trade agenda casting a cloud over the WTO's 11th ministerial meeting in Buenos Aires,...

  • BRASILIA, Dec 11- Free-trade talks between the European Union and South American trade bloc Mercosur still face hurdles over beef and ethanol, and an expected deal announcement this week might not happen, officials involved in negotiations said on Monday. Mercosur diplomats involved in the talks on the sidelines of the World Trade Organization minister's...

  • BUENOS AIRES, Dec 11- World Trade Organization members must shore up and strengthen the global trade body, China and the European Union said at the opening of the WTO's ministerial conference on Monday. "Let us join hands and take real actions to uphold the authority and efficacy of the WTO," Chinese Minister of Commerce Zhong Shan and told the WTO, which has been...

  • BUENOS AIRES, Dec 11- U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies. In a thinly veiled swipe at China's trade practices, Lighthizer said the United States was leading negotiations to "correct...

  • US President Donald Trump looks at a sample of the proposed new tax form at the White House in Washington, DC, on Nov. 2, 2017.

    The finance ministers of Britain, France, Germany, Italy, and Spain say US tax reform could contravene WTO rules.

  • Former US commerce secretary: Tough trade talks could lead to the end of NAFTA

    Carlos Gutierrez, Albright Stonebridge Group chairman and former U.S. Commerce Secretary, discusses Trump’s approach to trade and NAFTA negotiations.

  • Matthew Elliott, senior fellow at Legatum Institute, speaks about the next phase of Brexit negotiations.

  • MELBOURNE, Dec 11- London metal prices turned mixed in late Asian hours on Monday, as a resurgent dollar dampened cheery sentiment following robust trade and manufacturing data from China. China's exports and imports had unexpectedly accelerated last month in an encouraging sign for the world's second-biggest economy, though analysts expect growth to...