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Japan, U.S. reach framework trade pact, no U.S. concessions seen – Nikkei

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TOKYO (Reuters) – The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for Read More

NHC says 60% chance of cyclone near Windward Islands

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(Reuters) – A low pressure system located about 1,100 miles (1,770 km) east-southeast of the Windward Islands has a 60% chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center said on Friday. It is likely to develop into a tropical depression over the weekend or early next week, Read More

Japan, U.S. made ‘big progress’ in trade talks: Japanese minister

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WASHINGTON (Reuters) – The United States and Japan have made “big progress” in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership (TPP) Read More

As EU threatens trade retaliation, Brazil sends army to fight Amazon fires

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BRASILIA (Reuters) – European leaders on Friday threatened to tear up a trade deal with South America, reflecting the growing international dismay and anger with Brazil as a record number of fires in the Amazon rainforest intensified the unfolding environmental crisis. Against the global chorus of condemnation, Brazilian President Jair Bolsonaro was mobilizing the army Read More

Trump administration considers boost to biofuel mandates to ease farmer anger: sources

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NEW YORK/WASHINGTON (Reuters) – The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad use of waivers for small refineries, but is not planning to rescind any of the exemptions it has granted so far, four sources familiar with the Read More

Fed’s commitment to act upstaged by Trump’s furor

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JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy, stopping short of committing to rapid-fire rate cuts and drawing fire from President Donald Trump. Powell’s words were barely out of his mouth when Trump ratcheted up his war of words Read More

Facing global pressure, Brazil’s Bolsonaro may send army to curb Amazon fires

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BRASILIA (Reuters) – Amid growing global condemnation, Brazil’s President Jair Bolsonaro said on Friday he may mobilize the army to help combat a record number of fires sweeping through the Amazon rainforest. The Trump administration said it was “deeply concerned” about the wildfires and European leaders ratcheted up criticism of Brazil’s handling of the crisis, Read More

France’s Macron to push for charter on biodiversity at G7 summit

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French President Emmanuel Macron delivers a speech on environment and social equality to business leaders on the eve of the G7 summit in Paris, France August 23, 2019. Michel Spingler/Pool via REUTERS PARIS (Reuters) – French President Emmanuel Macron said on Friday that he would put pressure on the United States to sign a charter Read More

Exclusive: As Amazon fires rage, Brazil tells diplomats to fix image

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BRASILIA (Reuters) – Stung by a global outcry over deforestation and wildfires in the Amazon rainforest, Brazil has launched a diplomatic offensive to persuade the international community of its environmental credentials. FILE PHOTO: An aerial view of a deforested plot of the Amazon near Porto Velho, Rondonia State, Brazil August 22, 2019. REUTERS/Ueslei Marcelino President Read More

China to impose 5% tariff on US crude from Sep 1: State Council

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Singapore — China’s plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limiting buying interest in US crude from Chinese refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More