China to extend economic diplomacy to EU infrastructure fund

Jun 14, 2015

China to extend economic diplomacy to EU infrastructure fund

China will pledge a multibillion-dollar investment in Europe’s new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters — Beijing’s latest round of checkbook diplomacy to win greater influence. While the exact amount is still ...

Jun 14, 2015

China to drop entry permit requirement for Taiwan residents

China plans to drop the entry permit requirement for Taiwan residents visiting the mainland, the official Xinhua News Agency cited a senior Chinese politician as saying on Sunday. Yu Zhengsheng, chairman of the National Committee of the Chinese People’s Political Consultative Conference, made the ...

Obama's quest for fast-track trade bill on hold in U.S. House

Jun 13, 2015

Obama's quest for fast-track trade bill on hold in U.S. House

A raging battle over President Barack Obama’s request for fast-track authority, seen as central to improving U.S. ties with Asia, will resume in the House of Representatives in the coming week, when lawmakers are expected to try to reverse Friday’s defeat of linchpin trade ...

Jun 12, 2015

Dairy cow in major exporter Ireland's County Louth may have BSE

Ireland, Europe’s second-largest beef exporter, found a suspected case of mad cow disease in a dairy cow in County Louth. Tests are being taken to confirm whether the 5-year-old animal had mad cow disease, also known as bovine spongiform encephalopathy, or BSE, according to ...

Jun 8, 2015

Current account logs surplus for 10th month straight

Japan posted a current account surplus for the 10th consecutive month in April, as declining crude oil prices pushed down imports and the weaker yen boosted income from abroad. The surplus stood at ¥1.326 trillion ($10.56 billion), the largest in five years for the ...

Obama's trade quest in Congress trails him to German G-7 summit

Jun 8, 2015

Obama's trade quest in Congress trails him to German G-7 summit

U.S. President Barack Obama’s politically fraught trade quest in Washington trailed him across the Atlantic on Sunday, as he met with world leaders anxiously watching a debate on Capitol Hill that could impact the status of economic pacts with the Asia-Pacific region and with ...

Malaysian jungle graves add to Obama's TPP headache in Congress

Jun 6, 2015

Malaysian jungle graves add to Obama's TPP headache in Congress

The discovery of scores of graves in people-smuggling camps in Malaysia is casting a shadow over President Barack Obama’s signature trade deal as U.S. lawmakers consider punishing trading partners that are soft on human trafficking. Just as Obama’s drive to win fast-track trade negotiating ...

WikiLeaks offers $100,000 for TPP document

Jun 3, 2015

WikiLeaks offers $100,000 for TPP document

Self-styled whistleblower website WikiLeaks is offering $100,000 for copies of the Trans-Pacific Partnership draft, which some see as a central plank of President Barack Obama’s diplomatic pivot to Asia. WikiLeaks has published leaked chapters of the TPP negotiating text before, but on Tuesday began ...

Jun 1, 2015

South Korea, China sign free trade pact

China and South Korea on Monday formally signed a free trade agreement that would remove most tariffs between Asia’s largest and fourth-largest economies, whose trade is already worth more than $200 billion. The pact — largely agreed in November and signed by the two ...