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U.S. takes hard line in NAFTA talks

posted: 08/17/2017 2:07 a.m. Discuss

WASHINGTON -- Negotiations to revise the North American Free Trade Agreement began Wednesday with President Donald Trump's top trade official insisting that there are fundamental problems with the 23-year-old pact while Canadian and Mexican officials lauded NAFTA's benefits to the region and emphasized the importance of protecting those gains.

Arkansan signs letter urging caution in NAFTA talks

posted: 08/17/2017 2 a.m. Discuss

This week, more than 50 agriculture deans and academics in the United States signed a letter urging trade representatives to avoid changes to the North American Free Trade Agreement that would hamper trade. One of the signers was Mark Cochran, vice president for agriculture at the University of Arkansas System Division of Agriculture.

'Donald of Dubai' dealing in EU

posted: 08/16/2017 2:04 a.m. Discuss

During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization looked more like a head of state himself -- mingling with government dignitaries, receiving a presidential reception and visiting the glittering Mediterranean Sea.

Business news in brief

posted: 08/16/2017 1:58 a.m. Discuss

U.S. to offer new NAFTA text this week

Trump urges new China review

posted: 08/15/2017 2:11 a.m. Discuss

President Donald Trump on Monday asked his top trade official to consider investigating China over how it handles intellectual property, adding to the list of trade irritants between the world's two biggest economies as they work to contain North Korea.

China to cut off North Korean imports under UN sanctions

posted: 08/14/2017 11:42 a.m. Comment 1

BEIJING — China said Monday that it will cut off imports of North Korean coal, iron ore and other goods in three weeks under U.N. sanctions imposed over the North's nuclear and missile programs.

Pollution fears dim Norway's oil hopes

posted: 08/12/2017 1:49 a.m. Discuss

Norway's oil industry has been salivating for years over the Arctic Lofoten islands, which could hold billions of barrels of crude.

Fears in EU over tainted eggs surpass risk, experts say

posted: 08/12/2017 1:49 a.m. Discuss

Experts say the risk of getting sick from eating an egg tainted with insecticide is low. But that hasn't stopped stores in Germany and the Netherlands from stripping them from supermarket shelves, or prevented other European food safety agencies from issuing warnings.

Business news in brief

updated: 08/12/2017 1:46 a.m. Discuss

China reviews Internet firms for dissent

Caribbean cigar sales down in U.S.

posted: 08/11/2017 2:02 a.m. Discuss

Radhames Rodriguez is using a rare tobacco and special wrapper to roll 50,000 of his new premium cigars, the Pulita, in the Dominican Republic. U.S. aficionados shouldn't get their hopes up, though -- the limited-edition cigar won't be on sale anywhere near them.

U.S. readies tax on Chinese foil

posted: 08/10/2017 2:08 a.m. Discuss

The United States has decided to levy an import tax of up to 81 percent on shipments of aluminum foil from China, penalizing the country for what U.S. trade officials say are unfair subsidies of its products.

Foxconn's fruits said to be far off

posted: 08/10/2017 2:01 a.m. Discuss

The deal to lure electronic manufacturing giant Foxconn to Wisconsin, which President Donald Trump called "incredible" and Gov. Scott Walker hailed as a "once-in-a-century" opportunity, wouldn't generate profits for the state until 2042, a state analysis projects.

Business news in brief

updated: 08/10/2017 1:59 a.m. Discuss

Kraft Heinz bets on Winfrey to lift sales

OPEC says 3 shirkers reaffirm cuts

posted: 08/09/2017 2:27 a.m. Discuss

OPEC said Iraq, the United Arab Emirates and Kazakhstan -- which have lagged in their implementation of a deal to cut production -- affirmed their commitment to the accord at a meeting in Abu Dhabi, United Arab Emirates.

Chinese bid tests SEC on IPO aim

posted: 08/09/2017 2:26 a.m. Discuss

As a former Wall Street deals lawyer, Jay Clayton has been clear that he wants to make it easier for companies to raise money through stock sales now that he runs the Securities and Exchange Commission.

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