Philippines April trade deficit narrows but still close to $5 billion
MANILA – The Philippines posted a $4.8 billion trade deficit in April, narrower than the previous month’s three-month high of $5 billion, as imports sustained …
Trade
Biden nominates longtime USDA adviser to agricultural trade post
WASHINGTON – U.S. President Joe Biden intends to nominate Doug McKalip, a veteran agricultural and trade policy expert, to be the U.S. Trade Representative’s next …
Indonesia to cut maximum palm oil export tax and levy to a combined $488/T – trade minister
By Stefanno Sulaiman JAKARTA – Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export …
Taiwan appeals to U.S. not to forget its desire for free trade deal
By Jeanny Kao and Ben Blanchard TAIPEI – Taiwan’s top trade negotiator appealed to the United States on Tuesday not to forget that the island …
EU seeks to speed up trade deals as Ukraine war forces rethink
By Philip Blenkinsop BRUSSELS – The European Union wants to accelerate efforts to finalise trade agreements with third parties after a six-month pause, as the …
Euro zone retail trade weaker than expected as food sales fall
BRUSSELS – Euro zone retail sales were much weaker than expected in April, data showed on Friday, pulled down by principally by reduced purchases of …
Citi’s fat-finger trade could cost bank more than $50 million – Bloomberg Law
(Reuters) – Citigroup Inc could record losses of more than $50 million after a London-based employee’s fat-finger trade caused a flash crash in European stocks …
Taiwan says to hold more trade talks with United States
TAIPEI – Taiwan’s chief trade negotiator, John Deng, will hold more talks with the United States on bilateral trade on Wednesday, the island’s government said, …
Meta Platforms to trade under ‘META’ ticker from June 9
(Reuters) – Meta Platforms Inc said on Tuesday its Class A common stock will begin trading on the Nasdaq under the ticker symbol ‘META’ prior …
Israel, UAE boost ties with free trade pact
By Alexander Cornwell DUBAI – Israel signed a free trade agreement with the United Arab Emirates on Tuesday, its first with an Arab state and …
Soccer-French trade unions hail strike success during Champions League final
PARIS – French transport trade unions on Tuesday hailed the success of their strike during the Champions League final between Liverpool and Real Madrid, which …
Israel, United Arab Emirates to sign free trade deal on Tuesday- Israel econ ministry
JERUSALEM – Israel and the United Arab Emirates (UAE) will sign a free trade agreement in Dubai on Tuesday in a move aimed at boosting …
Lexington Man Convicted of Possessing Stolen Trade Secret
BOSTON – A Lexington man was convicted on Thursday, May 26, 2022 of possessing a stolen trade secret, the first-ever conviction following a criminal trial …
New Zealand leader urges U.S. to return to regional trade pact
By David Brunnstrom WASHINGTON – New Zealand Prime Minister Jacinda Ardern said on Wednesday the United States should return to a regional trade pact it …
UK’s Johnson talks Ukraine, trade deal with new Australian counterpart
LONDON – British Prime Minister Boris Johnson agreed with his newly-elected Australian counterpart Anthony Albanese that the Ukrainian war must not encourage other countries to …
Shares in Deutsche Euroshop surge in pre-market trade on takeover offer
BERLIN – Shares in Deutsche Euroshop jumped 31.2% in Lang & Schwarz pre-market trade on Monday after a consortium of bidders offered 1.4 billion euros …
S&P raises South Africa’s outlook to ‘positive’ on trade terms, fiscal discipline
(Reuters) – Ratings agency S&P revised https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2842888 South Africa’s outlook to “positive” on Friday, saying it reflects favourable terms of trade and a path toward …
Companies should be incentivised to make green investments – UK trade minister
LONDON – Companies need to be incentivised and pushed to make green investments, British trade minister Anne-Marie Trevelyan said on Wednesday. “We need to do …
Factbox-Western trade and transport sanctions on Russia
(Reuters) – The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to …
Laredo CBP Officers Seize Methamphetamine Worth Over $18 Million at World Trade Bridge
LAREDO, Texas—U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO) officers seized methamphetamine in one enforcement action that totaled over $18,000,000 in street …
Biden says discussing dropping US trade tariffs on China
WASHINGTON – President Joe Biden said on Tuesday discussions are ongoing about potentially dropping U.S. trade tariffs on China that were imposed by his predecessor, …
PH.D. Chemist Sentenced To 168 Months For Conspiracy To Steal Traded Secrets, Economic Espionage, Theft Of Trade Secrets, And Wire Fraud
GREENEVILLE, Tenn. – On May 9, 2022, Dr. Xiaorong You, aka Shannon You, 59, of Lansing, Michigan was sentenced to serve 168 months in prison …
Putin tells experts to work on trade payments with allies and ‘unfriendly’ states
(Reuters) – Russian President Vladimir Putin on Monday ordered the creation of a working group on international payments whose tasks will include figuring out terms …
China’s trade seen faltering in April as COVID curbs hit output: Reuters poll
BEIJING – China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended …
Canadian dollar seen rebounding as high oil price feeds trade surplus: Reuters poll
By Fergal Smith TORONTO – The Canadian dollar will claw back its recent decline over the coming year, as elevated oil prices bolster Canada’s trade …
Robust imports push U.S. trade deficit to record high in March
WASHINGTON – The U.S. trade deficit surged to a record high in March, confirming that trade weighed on the economy in the first quarter and …
North Carolina man sentenced to additional prison time after lying during sentencing in previous case involving theft of company’s trade secrets
SAVANNAH, GA: A North Carolina man has been sentenced to additional time in prison after being convicted of lying during a prior sentencing for conspiring to …
U.S. trade chief Tai says all tools on table to beat inflation, tariffs not top of list
By Andrea Shalal WASHINGTON – All tools are on the table to address rising inflation, including reductions of tariffs on Chinese imports, U.S. Trade Representative …
Exclusive-Citi behind trade that caused brief crash in European markets -sources
NEW YORK – The brief crash in Nordic markets on Monday was due to a single sell order placed by Citigroup, according to two sources …
Swiss Scientist Convicted by Federal Jury of Conspiracy to Steal Trade Secrets Belonging to GlaxoSmithKline
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Gongda Xue, 52, formerly a resident of Allschwil, Switzerland, a legal permanent resident of Switzerland …
Former GlaxoSmithKline Scientist Convicted by Federal Jury of Stealing Trade Secrets to Benefit Chinese Pharma Company
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Gongda Xue, 52, a legal permanent resident of Switzerland and citizen of China, was convicted …
Shanghai lockdown sends chill down meat trade
By Dominique Patton BEIJING – The protracted lockdown in Shanghai, China’s financial hub, is slowing the nation’s normally booming meat trade, with stringent COVID-19 measures …
Vietnam, Japan agree to boost trade, security ties
By Khanh Vu and Elaine Lies HANOI – Japan and Vietnam agreed on Sunday to boost economic and security ties while calling for an end …
USTR to lead delegation to Kenya to explore trade, investment
WASHINGTON -Assistant United States Trade Representative (USTR) for African Affairs Constance Hamilton will lead a delegation to Kenya on May 1 to explore opportunities for …
Port of Antwerp overcoming loss of Russian shipping export trade -CEO
By Jonathan Saul LONDON – The Port of Antwerp is adapting to losing shipping trade with Russia and its merger with the neighbouring Port of …
Indonesia export ban traps 290,000 T of palm oil shipments for India -trade
By Rajendra Jadhav MUMBAI – Indonesia’s wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed …
WTO chief warns against retreat from global trade
WASHINGTON – Fragmentation of the global economy and a retreat from global trade would make countries more vulnerable to production shocks arising from natural disasters …
Business group blasts Mexico’s new lithium law as violating trade deal
MEXICO CITY – A Mexican law that nationalizes its future lithium industry violates its trade obligations and could prove costly to the government if mining …
EU chief to seek closer military, trade and tech ties on India visit
BRUSSELS – The European Union’s chief executive will seek to increase sales of European military equipment to India and relaunch talks on a free trade …
CBP Officers Seize $35.2 Million in Methamphetamine at Laredo’s World Trade Bridge
LAREDO, Texas—U.S. Customs and Border Protection, Office of Field Operations (OFO) at the Laredo Port of Entry seized more than $35 million in alleged methamphetamine …
U.S. trade representative Tai to travel to Britain for continued talks
WASHINGTON – U.S. Trade Representative Katherine Tai will travel to Britain on Sunday for the second round of trade talks with her British counterpart, trade …
New UK trade sanctions hit Russian caviar and diamonds
LONDON -Britain ramped up trade sanctions on Russia, targeting luxury goods including caviar, silver and diamonds through import bans and higher tariffs, seeking to punish …
PM Johnson: UK hopes to clinch Indian free trade deal by year-end
AHMEDABAD, India – Britain hopes to complete a free trade deal with India by the end of this year, British Prime Minister Boris Johnson said …
China exports to North Korea surge with edible oil, wheat flour in demand as trade resumes
BEIJING – China’s exports to North Korea surged in January-March with sales of edible oil, wheat flour and pharmaceutical compounds to its reclusive neighbour sky-rocketing …
Euro zone trade deficit extends to Feb as energy import burden rises
BRUSSELS – The euro zone suffered a trade deficit for a fourth consecutive month in February as surging energy prices led to a sharp increase …
Japan posts trade gap far wider than forecasts as China exports slow, energy imports soar
By Daniel Leussink TOKYO – Japan recorded a trade deficit in March that was more than four times wider than market forecasts, as China-bound exports …
CBP Issues Trade and Travel Report for Fiscal Year 2021
WASHINGTON — Today, U.S. Customs and Border Protection released the Trade and Travel Report: Fiscal Year 2021, which quantifies measures the agency took to protect …
CBP Officers Seize $3.2 Million in Cocaine at Laredo’s World Trade Bridge
LAREDO, Texas—U.S. Customs and Border Protection, Office of Field Operations (OFO) at the Laredo Port of Entry seized more than $3 million in alleged cocaine …
Chinese national sentenced to U.S. prison after pleading guilty to stealing trade secrets
By Kanishka Singh WASHINGTON – A Chinese national has been sentenced to 29 months in prison after pleading guilty in January to conspiring to steal …
Floating mines in Black Sea endangering grain, oil trade – officials
By Jonathan Saul LONDON – The risk of coming across floating mines in the major Black Sea shipping route is adding to perils for merchant …