Detroit bureau chief
Kevin's Feed
Oct 6, 2015

Historic Pacific trade deal faces skeptics in Congress

ATLANTA (Reuters) – Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy in a deal that faces skepticism from U.S. lawmakers.

The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change the cost of products from cheese to cancer treatments and have repercussions for drug companies and automakers.

Oct 6, 2015

Historic Pacific trade deal faces sceptics in U.S. Congress

ATLANTA (Reuters) – Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy in a deal that faces scepticism from U.S. lawmakers.

The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change the cost of products from cheese to cancer treatments and have repercussions for drug companies and automakers.

Oct 5, 2015

Pacific trade negotiators reach landmark deal, fight over approval looms

ATLANTA (Reuters) – The United States and 11 other Pacific Rim countries have reached a deal on the most sweeping trade liberalisation pact in a generation but the accord on Monday faced initial scepticism in the U.S. Congress.

In a deal that could reshape industries and influence everything from the price of cheese to the cost of cancer treatments, the 12 countries will cut trade barriers and set common standards. Details of the pact were emerging in statements by officials after days of marathon negotiations in Atlanta.

Oct 5, 2015

Pacific trade negotiators reach landmark deal, fight for approval to follow

ATLANTA, Oct 5 (Reuters) – Pacific trade ministers have
reached a deal on the most sweeping trade liberalization pact in
a generation that will cut trade barriers and set common
standards for 12 countries, an official familiar with the talks
said on Monday.

Leaders from a dozen Pacific Rim nations are poised to
announce the pact later on Monday. The deal could reshape
industries and influence everything from the price of cheese to
the cost of cancer treatments.

Oct 5, 2015

Pacific trade negotiators close in on landmark deal, fight for approval to follow

ATLANTA (Reuters) – A dozen Pacific Rim nations prepared on Monday to announce the most sweeping trade liberalization pact in a generation, a deal that could reshape industries and influence everything from the price of cheese to the cost of cancer treatments.

The Trans-Pacific Partnership seeks to cut trade barriers and set common standards for 40 percent of the world economy and would stand as a legacy-defining achievement for U.S. President Barack Obama, if it is ratified by Congress.

Oct 3, 2015

Japan demands U.S. find drugs compromise in Pacific trade talks

ATLANTA (Reuters) – Japan called on the United States to find a way to break a deadlock over protections for next-generation medicines on Saturday as talks on a sweeping trade pact were extended for another 24 hours.

Negotiators have been up all night trying to broker a deal on the 12-nation Trans-Pacific Partnership, which will create a free trade zone covering 40 percent of the world economy.

Oct 2, 2015

Pacific trade ministers vow to reach deal but extra time needed

ATLANTA, Oct 1 (Reuters) – Trade ministers from a dozen
Pacific nations meeting in Atlanta extended talks on a sweeping
trade deal until Saturday in a bid to get a final agreement on
the most ambitious trade pact in a generation.

Officials extended talks originally scheduled to wrap up on
Thursday in a determined effort to produce a breakthrough on the
Trans-Pacific Partnership., which would liberalize trade in 40
percent of the world economy for a region stretching from
Vietnam to Canada.

Oct 1, 2015

Pacific trade talks step closer to clearing auto parts hurdle

ATLANTA (Reuters) – Negotiators trying to clinch a Pacific Rim free trade deal made headway on Wednesday over how to remove a stumbling block and give automakers a freer hand to sell cars in the United States with more parts purchased in Asia.

People briefed on the closed-door talks said Canada and Mexico signaled a willingness to open the North American auto market to more parts made in Asia, one of the key hurdles to sealing a broader deal on the Trans-Pacific Partnership.

Apr 5, 2015

Japan’s wary manufacturers resist Abe’s urge to splurge

KUSATSU, Japan (Reuters) – Hirotoshi Ogura, a self-described “factory geek”, is Daikin Industries’ (6367.T: Quote, Profile, Research, Stock Buzz) master of doing more with less – and part of the reason Japan’s recovery remains stuck in the slow lane.

As Japan heads into the season of peak demand for room air-conditioners, Ogura and other Daikin managers have been tasked with figuring out how to boost output by some 20 percent at a plant in western Japan that six years ago the company had almost given up on as unprofitable.

Mar 19, 2015

Exclusive: Japan tax agency, Hong Kong join FBI in reviewing Universal casino payments – sources

TOKYO/BILOXI, Mississippi (Reuters) – Japan’s tax authorities have begun a review of how slot machine maker and casino developer Universal Entertainment (6425.T: Quote, Profile, Research, Stock Buzz) accounted for $40 million in payments made in 2010 to an associate of the Philippines’ top gambling regulator at that time, people with knowledge of the matter told Reuters.

Separately, the payments are also a focus of a previously undisclosed criminal investigation by Hong Kong’s Independent Commission Against Corruption, sources said. The ICAC has become involved because the transfers under review passed through bank accounts based in Hong Kong, those people said.

    • About Kevin

      "Kevin Krolicki is Reuters bureau chief in Detroit where he has been based since 2006. He has also worked as an editor and reporter in Los Angeles and Tokyo."
    • Follow Kevin