Trade Correspondent, Washington DC, USA
Krista's Feed
Aug 26, 2014

U.S. readies duties on Mexican sugar in win for sugar lobby

MEXICO CITY/WASHINGTON, Aug 26 (Reuters) – The United States
is set to slap import duties as high as 17 percent on Mexican
sugar in a victory for the powerful U.S. sugar industry but a
blow to U.S. candy and soft drink makers who face paying more
for the sweetener.

Mexican producers urged a deal to end the spat while the
government hinted at retaliation, highlighting the potential for
Tuesday’s Department of Commerce ruling to increase tensions in
a months-long trade dispute over claims cheap subsidized sugar
is flooding the heavily protected U.S. market.

Aug 26, 2014

U.S. readies duties on Mexican sugar, prices tipped to rise

MEXICO CITY/WASHINGTON (Reuters) – The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies.

The duties announced by the U.S. Department of Commerce on Tuesday will bolster prices for U.S. sugar but mean companies like sweet makers Hershey Co and Mondelez International Inc will have to pay up to 5 cents per pound extra for imported sweetener, based on current refined sugar prices of around 30 cents per pound.

Aug 26, 2014
Aug 7, 2014
Aug 6, 2014

U.S.-Africa summit garners over $17 bln in investment pledges

WASHINGTON, Aug 5 (Reuters) – African leaders on Tuesday
called for a deeper economic relationship with the United
States, hailing investment pledges totaling more than $17
billion at a Washington summit as a fresh step in the right
direction.

U.S. and African companies and the World Bank pledged new
investment in construction, energy and information technology
projects in Africa at the U.S.-Africa Business Forum, including
several joint ventures between U.S. and African partners.

Aug 5, 2014

Obama to unveil $14 billion in U.S. corporate investments in Africa

WASHINGTON (Reuters) – U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S. President Barack Obama at an event showcasing U.S. economic interest in the fast-growing region.

Business leaders told the U.S.-Africa Business Forum they wanted to seize opportunities in the region, home to six of the world’s 10 fastest growing economies, although some said they may have been late to the party. “We gave it to the Europeans first and to the Chinese later but today it’s wide open for us,” said General Electric (GE.N: Quote, Profile, Research, Stock Buzz) chief executive Jeff Immelt, who on Monday announced a $2 billion investment in infrastructure and worker skills.

Aug 2, 2014
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Jul 31, 2014
    • About Krista

      "I write about trade from Washington DC, where I moved in August 2013. IN nine years with Reuters, I have written about the Latin American economy from Mexico City and European Central Bank from Frankfurt. In a previous life, I worked in Australia and covered the economy and national politics for local news agency AAP."
      Joined Reuters:
      2004
      Languages:
      English, German, Spanish, Portuguese
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