News

G20 sealed landmark deal on WTO reform by ducking 'taboo words'

Caroline Stauffer and Nicolás Misculin, Reuters
Posted at Dec 03 07:10 AM

Leaders of G20 countries left Argentina with a communique committing for the first time to reform the dysfunctional World Trade Organization (WTO), the body supposed to regulate global trade disputes. Read more »

Trade war refugees race to relocate to Vietnam, Thailand

Farah Master, Orathai Sriring and Anne Marie Roantree, Reuters
Posted at Nov 29 08:53 AM

It might be too late to reverse the biggest shift in cross-border supply chains since China joined the WTO in 2001, experts said. Read more »

Malaysia bets on durian as China goes bananas for world's smelliest fruit

Emily Chow, Reuters
Posted at Nov 26 09:20 AM

Even property tycoons and companies in palm oil, Malaysia's biggest agricultural export, are making forays into the durian business. Read more »

Soaring trade restrictions spark 'serious concern': WTO

Agence France-Presse
Posted at Nov 23 08:22 AM

Forty new import barriers were erected by G20 states between mid-May and mid-October this year -- 6 times more than during the preceding 6 months -- impacting $481 billion in trade, a fresh WTO report showed. Read more »

Trump lashes Macron as Europe moves on defense without US

Shaun Tandon and Maggy Donaldson, Agence France-Presse
Posted at Nov 14 07:28 AM

On the heels of a rocky trip to Paris to mark the World War I centenary, Trump fired off a caustic series of early-morning tweets against Macron and renewed his frequent charge that America's European allies in NATO spend too little on defense. Read more »

Fil-Am daredevil arrested again in New York

ABS-CBN North America News Bureau
Updated as of Nov 10 04:19 PM

The young Filipino-American daredevil infamous for scaling 1 World Trade Center in 2014 when he was only 16 years old and got arrested for it did it again. Read more »

Xi pledges to open China's markets wider to an impatient world

Dan Martin, Agence France-Presse
Updated as of Nov 05 02:48 PM

President Xi Jinping said China would "step up" efforts to stimulate imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements, though he was light on specifics. Read more »

China battles 'unfair' trader image with import expo

Dan Martin, Agence France-Presse
Posted at Oct 31 01:45 PM

China's trade war adversary, the United States, is pointedly snubbing a gathering that will draw several overseas leaders, and foreign business figures privately dismiss it as a diversion that allows China to delay lifting barriers that protect its markets. Read more »

Pacific trade pact to start at end-2018 after 6 members ratify

Charlotte Greenfield, Reuters
Posted at Oct 31 08:09 AM

The success of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been touted by officials in Japan and other member countries as an antidote to counter growing US protectionism, and with the hope that Washington would eventually sign back up. Read more »

US plans more China tariffs if Trump-Xi meeting fails: Bloomberg

Reuters
Posted at Oct 30 09:10 AM

According to the report, no decisions had been made but preparations for a new list of US tariffs were being made in case the Trump-Xi meeting does not yield progress in resolving the US-China disputes. Read more »

Securing New York

Basilio H. Sepe, ABS-CBN News
Posted at Oct 27 02:57 PM

Members of the New York Police District man the perimeter of the World Trade Center on Friday. New York City still on heightened alert after another suspicious package was discovered in a New York post office on Friday.   Read more »

Car show breaktime

George Calvelo, ABS-CBN News
Updated as of Oct 26 12:34 AM

Car show models take a break during the 7th Philippine International Motor Show at the World Trade Center in Pasay City on Wednesday. Read more »

Come for the couch, leave with a wooden bike: a guy’s guide to Manila FAME

ANC-X
Posted at Oct 17 10:36 PM

The Center for International Trade Expositions and Missions’ bi-annual trade show is a hunting ground for industry buyers and design enthusiasts. But what’s in it for the guy looking to furnish his man cave? Read more »

Leaders need to fix broken economic models: IMF chief

Peter Brieger, Agence France-Presse
Updated as of Oct 10 06:53 PM

World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism. Read more »

Taas-presyo ng hotdog, siomai, pinangangambahan

ABS-CBN News
Updated as of Sep 19 10:02 PM

Ayon sa mga grupo, nasa P7 hanggang P20 ang puwedeng imahal ng kalahating kilo ng hotdog kapag napasa ang rice tariffication bill.  Read more »

Trump tells WTO to 'shape up' or he'll quit

Agence France-Presse
Posted at Aug 31 06:12 PM

President Donald Trump has threatened to pull the United States out of the World Trade Organization if it does not "shape up." Read more »

World stock index at 5-1/2-month high as trade fears wane

Trevor Hunnicutt, Reuters
Posted at Aug 30 08:16 AM

Talks to renew the North American Free Trade Agreement (NAFTA) hinge on Canada after Monday's deal between the United States and Mexico. Read more »

US, Mexico reach NAFTA deal, turn up pressure on Canada

Roberta Rampton and Jeff Mason, Reuters
Posted at Aug 28 07:22 AM

Auto stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal and ease the economic uncertainty caused by US President Donald Trump's repeated threats to ditch the 1994 accord. Read more »

China trade talks end with no breakthrough as tariffs kick in

David Lawder and Michael Martina, Reuters
Posted at Aug 24 09:30 AM

The discussions included "addressing structural issues in China," including its intellectual property and technology transfer policies, a White House spokeswoman said. Read more »

Global stocks shrug off new tariffs, Trump turmoil

Agence France-Presse
Posted at Aug 24 08:14 AM

The fresh tariffs came as US and Chinese officials held a second day of talks in their first meeting since June aimed at easing a row that has dragged on equities for months. Read more »