Somalia joins east Africa trade bloc as it eyes new opportunities
By Abdi Sheikh MOGADISHU (Reuters) – The East African Community trade bloc admitted Somalia as its eighth member on Friday, a move Somali authorities and …
Trade
USMCA trade panel rejects US complaint about access to Canada dairy market
OTTAWA (Reuters) – A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada …
Marketmind: Japan CPI to light up dulled Thanksgiving trade
By Denny Thomas TORONTO (Reuters) – A look at the day ahead in Asian markets. With Wall Street shut for Thanksgiving on Thursday, Asian investors …
Exclusive-Argentina grains trade ‘paralyzed’ as farmers eye FX adjustment, bean shortage
By Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s grains trade is largely “paralyzed” by a lack of soybeans due to drought and farmers holding onto …
Exclusive-Greek shippers exit Russian oil trade as U.S. tightens price cap scrutiny
MOSCOW/LONDON (Reuters) – Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed …
EU lawmakers approve New Zealand trade deal to end hiatus
By Philip Blenkinsop BRUSSELS (Reuters) – The European Parliament approved on Wednesday the European Union’s free trade agreement with New Zealand, its first endorsement of …
Trump vows to kill Asia trade deal being pursued by Biden if elected
By Nathan Layne FORT DODGE, Iowa (Reuters) – Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off …
Analysis-Indo-Pacific trade deal prospects dim as 2024 US election year politics loom
By David Lawder SAN FRANCISCO (Reuters) – The Biden administration has vowed to continue negotiating an ambitious Asia trade deal, but election-year pressures and resistance …
Analysis-Cheap yuan catapults China to second-biggest trade funding currency
By Samuel Shen and Rae Wee SHANGHAI/SINGAPORE (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds …
Trans-Pacific trade deal members meet at APEC summit, say open to new members
By David Lawder SAN FRANCISCO (Reuters) – Trade ministers from members of an Asian free trade pact abandoned by the United States affirmed on Wednesday …
US warns trade groups, influencers to disclose social media advertising
WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Wednesday it has warned two trade associations and 12 dieticians and online influencers about social media …
Euro zone industry output slips, trade surplus continues in Sept
BRUSSELS (Reuters) – Euro zone industrial production declined broadly in line with expectations in September, wiping out a rise in August as output of consumer …
Australia confident China will lift all trade blocks next month
SYDNEY (Reuters) – Australia said on Wednesday China could lift all its remaining trade blocks by next month as relations between the commodity trade partners …
Tesla to double its components imports from India – Trade Minister
BENGALURU (Reuters) -U.S. electric car maker Tesla Inc is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal …
Indonesia expected to maintain Oct trade surplus at $3 billion: Reuters poll
JAKARTA (Reuters) – Indonesia’s trade surplus is seen to narrow slightly in October to $3 billion from the previous month, as exports are still expected …
Explainer-Iran’s expanding oil trade with top buyer China
By Muyu Xu (Reuters) – China’s oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. …
Monmouth, Ocean GOP Chairmen Trade Blame Over Election Night Losses
TOMS RIVER, NJ – The chairmen of the Monmouth County and Ocean County Republican parties exchanged barbs this week after Lakewood resident Avi Schnall defeated …
US trade gap widens more than expected in September
(Reuters) – The U.S. trade deficit widened more than expected in September, making it less likely for trade to have contributed to growth in the …
China’s trade slump likely eased further in October: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely fell more slowly for a third consecutive month in October, a Reuters poll showed, adding to …
Australia’s Albanese to highlight trade on China visit as ties warm
By Kirsty Needham SYDNEY (Reuters) – Prime Minister Anthony Albanese will highlight trade as an anchor for stabilising ties when he makes the first visit …
U.S. farm leaders, visiting China, talk up agriculture trade
By Dominique Patton BEIJING (Reuters) – Dozens of U.S. agriculture industry representatives gathered in Beijing on Thursday to meet Chinese counterparts amid growing U.S. efforts …
CBP reaches milestone in providing relief to American businesses injured by unfair trade
WASHINGTON—U.S. Customs and Border Protection announced today that it has processed all outstanding imports subject to the Continuing Dumping and Subsidy Offset Act of 2000, …
Buyers return to China’s largest trade fair but orders still elusive
By David Kirton GUANGZHOU (Reuters) – Foreign buyers returned in force for the autumn round of the world’s largest trade show, heading towards pre-COVID numbers, …
We are on the ‘right path’ for trade deals at next major meeting -WTO chief
GENEVA (Reuters) – The head of the World Trade Organization on Tuesday voiced optimism that trade deals could be reached at the next major ministerial …
Farm groups call on Australia to not sign ‘dud’ trade deal with EU
CANBERRA (Reuters) – Australian farm industry groups on Monday called on the government to not sign a trade deal with the European Union unless it …
EU’s Michel: EU and US must find mutually beneficial solutions on trade disputes
WASHINGTON (Reuters) – The European Union and the United States must find mutually beneficial solutions to help resolve trade disputes, said European Council President Charles …
Governor Murphy’s 9-Day Far East Trade Mission – What Has Happened So Far
TRENTON, NJ – Governor Phil Murphy of New Jersey recently embarked on a nine-day Economic Trade Mission to East Asia, focusing his efforts on Japan …
CBP offers free webinars to help businesses report trade violations
WASHINGTON – U.S. Customs and Border Protection (CBP) announced a new series of quarterly training webinars and resources to help small- and medium-sized businesses report …
China’s trade slump likely eased further in September, adds to stabilisation signs: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely contracted at a slower pace for a second consecutive month in September, a Reuters poll showed …
China extends Taiwan trade probe, Taipei cries election interference
BEIJING/TAIPEI (Reuters) – China on Monday extended an investigation into what it calls Taiwan’s trade barriers against it by three months to the eve of …
Commonwealth Bank of Australia cuts 192 back-office jobs, says trade union
(Reuters) – Australia’s biggest lender Commonwealth Bank of Australia will cut 192 jobs from its back office operations in Sydney, Melbourne and Perth, including some …
WTO halves 2023 goods trade growth forecast
GENEVA (Reuters) – The World Trade Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a …
US trade deficit narrows to nearly three-year low in August
WASHINGTON (Reuters) – The U.S. trade deficit narrowed more than expected in August as exports increased solidly, likely positioning trade to support economic growth in …
UK minister says “zero” chance of free trade deal with Biden
MANCHESTER, England (Reuters) – British business and trade minister Kemi Badenoch said there was a “zero” chance of a free trade agreement (FTA) with the …
At WTO, growing disregard for trade rules shows world is fragmenting
By Philip Blenkinsop (Reuters) – Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing …
Brazil September trade surplus hits record but misses expectations
BRASILIA (Reuters) – Brazil’s trade surplus reached a historic high for September, but fell slightly short of market estimates, according to government data released on …
WTO chief sees early signs of ‘dangerous’ trade fragmentation
GENEVA (Reuters) – The head of the World Trade Organization said on Monday that early signs of global trade fragmentation were appearing, criticising so-called ‘reshoring’ …
China Evergrande shares set to resume trade on Tuesday
(Reuters) -China Evergrande Group said on Monday it has applied to the Hong Kong Stock Exchange for trading in its shares to resume on Tuesday, …
Argentina presidential candidates trade barbs in first debate
By Walter Bianchi BUENOS AIRES (Reuters) – The main candidates for Argentina’s presidency clashed in the first debate of the campaign on Sunday, trading barbs …
Mexican auto lobby urges authorities to fix border ‘crisis’ as trade hit
MEXICO CITY (Reuters) – Mexico’s main auto industry association on Friday urged Mexican authorities to step up efforts to work with the United States to …
China trade council asks U.S. to “carefully consider” tech investment ban
SINGAPORE (Reuters) – China’s international trade council has formally asked the United States to “carefully consider” rules that ban or restrict U.S. investments in China’s …
Traders wary of volatility as JP Morgan fund’s big options trade looms
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A $16 billion JP Morgan fund, expected to reset its options positions on Friday, is drawing traders’ …
CBP Trade Advisory Committee Convenes for Fiscal Year-End Public Meeting
Container ships docked at the port of Savannah in Georgia at dusk. Photo by Jerry Glaser Discussions began on a serious note when members of …
Trade between Colombia, Venezuela could hit $1 billion this year
CARACAS (Reuters) – Trade between Colombia and Venezuela could hit between $800 million and $1 billion this year, Colombia’s Trade Minister German Umana said in …
Ukraine grain corridor should not replace broader deal – UN trade chief
By Jonathan Saul LONDON (Reuters) – Ukraine’s move to create a shipping channel for grain exports is a positive step for global food security, although …
Russian trade, remittances boost Central Asia growth prospects – EBRD
By Jorgelina do Rosario LONDON (Reuters) – Central Asian economies from Mongolia to Kazakhstan and Uzbekistan will see strong growth this year and next thanks …
South Korea to allow foreign financial firms to trade won onshore
SEOUL (Reuters) – South Korea said on Tuesday it will begin accepting applications starting Oct. 18 from foreign financial institutions for permits to participate in …
Hawkish Fed unwittingly stokes Treasuries ‘basis trade’ risks: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The Federal Reserve’s hawkish stance on interest rates, and determination to reduce its balance sheet, may inadvertently be stoking …
EU car group calls for urgent action on post-Brexit trade rules
By Nick Carey (Reuters) – The European Union and Britain need to take urgent action to postpone rules for electric vehicles traded between the bloc …
CBP officers seize $7.7 million in methamphetamine at World Trade Bridge
LAREDO, Texas—U.S. Customs and Border Protection, Office of Field Operations officers assigned to the World Trade Bridge this week seized $7.7 million in methamphetamine in …