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

China loses trade dispute over rare earth exports

GENEVA/WASHINGTON (Reuters) – China has lost a dispute at the World Trade Organization over limits on rare earth and metals exports, handing Europe and the United States a victory over what they see as Beijing’s unfair trade practices.

“Today’s ruling by the WTO on rare earth shows that no one country can hoard its raw materials from the global market place at the expense of its other WTO partners,” said EU Trade Commissioner Karel De Gucht.

Mar 25, 2014

U.S. steel executives urge duties on some imports from South Korea

WASHINGTON (Reuters) – U.S. trade officials should slap duties on super-cheap imports of steel products from South Korea and Turkey, steel industry executives, unions and pro-steel lawmakers said on Tuesday.

Industry boosters urged the Commerce Department to reverse preliminary decisions against complaints by steelmakers with operations in the United States, warning the industry was under threat from imports which were often priced below cost and violated international trade laws.

Mar 25, 2014

U.S. steel execs urge duties on some imports from S Korea

WASHINGTON, March 25 (Reuters) – U.S. trade officials should
slap duties on super-cheap imports of steel products from South
Korea and Turkey, steel industry executives, unions and
pro-steel lawmakers said on Tuesday.

Industry boosters urged the Commerce Department to reverse
preliminary decisions against complaints by steelmakers with
operations in the United States, warning the industry was under
threat from imports which were often priced below cost and
violated international trade laws.

Mar 25, 2014

U.S. Steel CEO says mulling another electric arc furnace

WASHINGTON, March 25 (Reuters) – United States Steel Corp
could replace another one of its older blast furnaces with
an electric arc furnace, Chief Executive Mario Longhi told
Reuters on Tuesday.

U.S. Steel said in January that it was applying for permits
to build an electric arc furnace to replace the blast furnace at
its Fairfield, Alabama, facility, part of a push to cut costs.

Mar 22, 2014
Mar 20, 2014

Fed may raise rates as soon as next spring, Yellen suggests

WASHINGTON (Reuters) – The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.

Yellen’s remarks at her first news conference as the head of the central bank pointed to a more aggressive path toward higher interest rates than many had anticipated, and bets in financial markets shifted accordingly.

Mar 20, 2014

U.S.-Russia sanctions rhetoric shakes companies, investors

WASHINGTON (Reuters) – The potential for broader U.S. sanctions on Russia and Moscow’s threat of responding in kind are raising concerns among U.S. corporations and investors about the economic fallout from the crisis over Russia’s annexation of Crimea.

Rapped by critics for not taking a harsh enough line with Russia, the White House is mulling its next moves.

Mar 19, 2014

U.S. CEOs get forum to question top Obama officials over Ukraine

WASHINGTON, March 19 (Reuters) – U.S. business leaders were
expected to air concerns over rising tensions with Russia and
possible sanctions over its moves to annex Crimea, in a meeting
with President Barack Obama’s defense secretary and trade
representative on Wednesday.

U.S. Defense Secretary Chuck Hagel and U.S. Trade
Representative Michael Froman were due to address chief
executive officers and other businessmen, and answer their
questions, at the Business Roundtable’s quarterly meeting in
Washington.

Mar 19, 2014

Fed says to keep rates low even after economy regains health

WASHINGTON, March 19 (Reuters) – The Federal Reserve on
Wednesday said it could keep interest rates unusually low even
after the U.S. job market returns to full strength and inflation
rises to the central bank’s target.

In announcing its view on future rates after a two-day
policy meeting, it also dropped a set of guideposts it was using
to help the public anticipate when it would finally start
bumping overnight borrowing costs up from zero.

    • 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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