Latest International trade News

UN adds explosive components ban to Somalia arms embargo

Nov. 15, 2019 6:30 PM EST

UNITED NATIONS (AP) — The U.N. Security Council on Friday extended an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab extremists — and it imposed a new ban on ingredients for explosive devices the group is increasingly using. The vote on the...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...

Markets Right Now: Trade hopes send stocks to records

Nov. 15, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing at all-time highs after U.S. officials said they’re making progress in the latest push for a trade agreement with China. Technology stocks were the biggest winners Friday. Applied Materials...

Partisan vote in House for Export-Import Bank measure

Nov. 15, 2019 12:49 PM EST

WASHINGTON (AP) — The Democratic-controlled House split along party lines Friday to pass a measure renewing the charter of the Export-Import Bank, a U.S. agency that provides loans and other help to foreign buyers of U.S. exports. Just 13 Republicans joined with Democrats to pass the measure, a tally that...

Poland threatens to stop importing gas from Russia

Nov. 15, 2019 8:13 AM EST

WARSAW, Poland (AP) — Poland's state gas company said Friday it will stop importing natural gas from Russia’s Gazprom when a long-term contract expires in three years, unless it can secure better commercial terms. The announcement comes as Poland has been working to reduce its dependence on Russian...

Global shares mostly rise on talk of China-US trade deal

Nov. 15, 2019 7:39 AM EST

BANGKOK (AP) — Shares mostly rose on Friday after U.S. governments officials said they were getting close to an agreement with China to cool tensions over trade. Germany’s DAX rose 0.2% to 13,208, and France’s CAC 40 gained 0.4% to 5,922. Futures for the Dow Jones Industrial Average and the...

EU acts against Colombia for slapping duties on fries

Nov. 15, 2019 7:10 AM EST

BRUSSELS (AP) — The European Union is launching a case against Colombia at the World Trade Organization for slapping extra duties on fries from the bloc. The European Commission said Friday that it has repeatedly implored Colombia to lift the duties, ranging from 3% to 8%. The commission says the tariffs...

EU rebuffs American pitch of quick deal for more lobsters

Nov. 15, 2019 6:13 AM EST

PORTLAND, Maine (AP) — The United States trade representative is hoping to broker a deal with the European Union to send more lobsters to Europe, but has received a chilly reception so far. The American lobster industry is in the midst of a challenging time in part because of tariffs with China and the EU....

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

Pelosi says agreement on revamped NAFTA ‘imminent’

Nov. 14, 2019 8:52 PM EST

WASHINGTON (AP) — House Speaker Nancy Pelosi says she wants to see Congress pass President Donald Trump’s revamped North American free trade deal this year. In a news conference Thursday, the California Democrat said an agreement on the pact is “imminent.” The United States, Mexico and...