U.S. Commerce Department opens Chinese steel tariff-dodging probe

By David Lawder WASHINGTON, Nov 7 : The U.S. Commerce Department on Monday formally opened an investigation into allegations that Chinese steel producers are diverting shipments through Vietnam to avoid American import tariffs, according to a legal filing. The probe will determine whether imports of hot-rolled and cold-rolled steel made in China that is further […]

White House study: China trade deal worsens damage from TPP failure

By David Lawder WASHINGTON, Nov 4 : The Obama administration issued a fresh warning on Thursday about the dangers of Congress failing to pass its Asian trade deal, saying that millions of U.S. jobs could be at risk if a rival China-led trade pact is enacted. As they gear up for one last push to […]

Twelve US senators urge security rejection of China aluminum deal

By David Lawder WASHINGTON, Nov 3 : Twelve US senators today urged that a national security review panel reject Chinese aluminum giant Zhongwang International Group Ltd’s proposed $2.3 billion purchase of U.S. aluminum products maker Aleris Corp. The senators asked Treasury Secretary Jack Lew in a letter to launch a review of the deal by […]

EU, US trade deal not dead yet – EU’s Malmstrom

By Robert-Jan Bartunek BRUSSELS, Oct 29 : A much-debated trade deal between the European Union and the United States is not dead and negotiations will continue with the new US administration after November’s elections, EU Trade Commissioner Cecilia Malmstrom said on Saturday. A similar agreement between the EU and Canada can finally be signed on […]

Israeli regulator seeks more power to crack down on binary option firms

By Tova Cohen TEL AVIV, Oct 27 : Israel’s securities regulator wants to expand his authority so he can ban the sale of binary options overseas by online trading firms based in Israel, a business that is drawing international criticism over allegations of illicit practices. The Israel Securities Authority in March became the world’s first […]

Australia’s largest private trade delegation to visit China

By Harry Pearl SYDNEY, Oct 23 : Australia’s largest ever private trade delegation is due to arrive in China on Sunday, just over a week after 18 employees from Australian gaming giant Crown Resorts Ltd were detained there for alleged gambling crimes. More than 200 delegates, including Queensland state ministers, agricultural producers and exporters will […]