Latest Trade agreements News

CN bids $33.7B for Kansas City Southern, tops $25B proposal

Apr. 20, 2021 17:35 PM EDT

A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway. The bid trumps a $25 billion cash-and-stock proposal made by Canadian Pacific last month. Any deal...

Iran, Indonesia foreign ministers discuss trade, economy

Apr. 19, 2021 08:58 AM EDT

JAKARTA, Indonesia (AP) — Visiting Iranian Foreign Minister Mohammad Javad Zarif discussed trade and economic issues in a meeting in Jakarta on Monday with his Indonesian counterpart, the two countries said. Zarif emphasized the importance of finalizing a preferential...

EU-UK talks over Brexit fail to reach breakthrough

Apr. 16, 2021 05:18 AM EDT

BRUSSELS (AP) — Top European Union and British officials failed to get a breakthrough at talks on Northern Ireland trade rules and said Friday that contact would continue over the coming weeks. The dinner meeting late Thursday between European Commission Vice President...

EU Parliament committee backs Brexit trade deal

Apr. 15, 2021 12:10 PM EDT

BRUSSELS (AP) — European Union Parliament committees overwhelmingly backed the new trade deal between the 27-nation bloc and former member Britain Thursday, pushing it onward to the full legislature for a final vote expected later this month. The EU and the United...

Grab to list in US via $40 bln merger with Altimeter Growth

Apr. 13, 2021 11:45 AM EDT

HONG KONG (AP) — Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. That would...

Biden sees `win' for US in electric vehicle battery deal

Apr. 11, 2021 13:58 PM EDT

WASHINGTON (AP) — Two big South Korean electric vehicle battery makers said Sunday they have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia. President Joe Biden called it “a win for American workers and the...

Northern Ireland leaders seek calm after violence escalates

Apr. 08, 2021 19:05 PM EDT

BELFAST, Northern Ireland (AP) — Authorities in Northern Ireland sought to restore calm Thursday after Protestant and Catholic youths in Belfast hurled bricks, fireworks and gasoline bombs at police and each other. It was the worst mayhem in a week of street violence in the region, where...

Stepping up Myanmar coup penalties, US suspends trade deal

Mar. 30, 2021 00:05 AM EDT

WASHINGTON (AP) — The United States on Monday suspended a trade deal with Myanmar until a democratic government is restored in the Southeast Asian country after a Feb. 1 coup followed by a violent crackdown on protests. The military overthrew the elected government,...

Path from Clinton to Biden takes U-turn on debt, trade, more

Mar. 28, 2021 07:48 AM EDT

WASHINGTON (AP) — When Bill Clinton spoke of how to build a bridge to the 21st century, it was to be constructed with balanced budgets, welfare recipients who found jobs and expanded global trade. Three decades later, President Joe Biden is dealing with harsh 21st...

Big railroad deal seen more likely to gain regulators' OK

Mar. 22, 2021 20:25 PM EDT

OMAHA, Neb. (AP) — Wary regulators have not approved a major railroad merger since the 1990s, but industry analysts say Canadian Pacific's proposed $25 billion acquisition of Kansas City Southern has a good chance of getting the green light because there is little overlap between the two...