U.S. hinterlands woo Chinese firms

Jun 26, 2014

U.S. hinterlands woo Chinese firms

by Paul Wiseman

Burdened with Alabama’s highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County desperately needs jobs. They are coming, and from a most unlikely place: Henan province, China. Henan’s Golden Dragon Precise Copper Tube Group opened a plant in Pine Hill ...

Jun 25, 2014

TPP negotiations to resume next week in Ottawa

Officials from the 12 countries involved in U.S.-led Trans-Pacific Partnership talks will gather in Ottawa from July 3 to 12, aiming to fill gaps over outstanding issues, a Japanese negotiation source said Wednesday. Chief negotiators for the TPP will gather in the Canadian capital ...

China gift causes trouble for Tonga

Jun 24, 2014

China gift causes trouble for Tonga

It is almost 10 a.m., but the barista at this tiny Pacific kingdom’s domestic air terminal has yet to make a single cup of coffee. Molly Fatai says her wages at the cafe have been cut by a third since last year. Flights leaving ...

Pro-Russian rebels agree to abide by cease-fire in Ukraine

Jun 24, 2014

Pro-Russian rebels agree to abide by cease-fire in Ukraine

Pro-Russian insurgents in eastern Ukraine agreed Monday to respect a cease-fire declared by the Ukrainian president, raising hopes for an end to months of fighting that have killed hundreds and ravaged the country’s industrial heartland. The announcement came as the Russian and U.S. presidents ...

Obama pushes for TPP deal by November

Jun 21, 2014

Obama pushes for TPP deal by November

U.S. President Barack Obama said Friday he hopes to have an agreement on framing a vast pan-Pacific trading block by the time he makes his next visit to Asia in November. The Trans-Pacific Partnership would encompass 40 percent of the global economy and include ...

Trade deficit shrinks as energy imports fall

Jun 18, 2014

Trade deficit shrinks as energy imports fall

The trade deficit narrowed in May as imports declined for the first time in a year and a half, data showed Wednesday, but weaker shipments abroad helped keep the trade balance in the red. The figures — which suggest the economy is slowing — ...