WASHINGTON (Reuters) – Private sector trade finance has not fully recovered from its financial-crisis collapse, and it is not clear it could fill the gap if the U.S. state-run export lender closes.
Conservative U.S. lawmakers are clamoring to shutter the Export-Import Bank, an 80-year old institution that provides support to U.S. exports, partly because they see it as usurping the role of the private sector in providing credit.
WASHINGTON, June 30 (Reuters) – Japanese carmakers boosted
investment in their U.S. plants by more than $5 billion in 2013,
the biggest increase on record, new figures from the Japan
Automobile Manufacturers Association showed on Monday.
Total manufacturing investment in U.S. plants, vehicles and
engines reached $40.6 billion in 2013, up $5.2 billion from the
previous year and the biggest jump since Japanese automakers
started building U.S. factories in the early 1980s.
WASHINGTON (Reuters) – The future of the U.S. Export-Import Bank was thrown further into doubt on Wednesday after an influential conservative lawmaker labeled the bank an example of corporate cronyism that benefits multi-nationals at the expense of taxpayers and many small companies.
Tea Party Republicans, led by Texas Representative Jeb Hensarling, have mounted a push to shut down the bank, ahead of a Sept. 30 deadline for Ex-Im’s charter to be renewed.
WASHINGTON, June 25 (Reuters) – The future of the U.S.
Export-Import Bank was cast further into doubt on Wednesday
after an influential conservative lawmaker labeled the bank an
example of corporate cronyism that benefits multi-nationals at
the expense of taxpayers and many small companies.
Representative Jeb Hensarling, a Texas Republican who heads
a Congressional panel which is key to the future of the Ex-Im
Bank, said the lender could not be allowed to continue in its
current form, although he stopped short of calling for it to
WASHINGTON/NEW YORK (Reuters) – The U.S. steel industry is considering challenging a trade deal with Russia that governs imports of hot-rolled steel, potentially reviving a decades-old dispute amid mounting tensions over Russia’s actions in Ukraine, two sources said.
A so-called suspension agreement struck in the aftermath of the Cold War has sheltered Russian steelmakers fr