Pacific free-trade talks "in the end-game" - US trade official BORACAY, Philippines, May 24- The United States is optimistic a deal to set up a free trade zone across the Pacific will be concluded soon, with sensitive issues likely to be ironed out when its Congress resumes sessions, the top U.S. trade official said on Sunday. The 12- nation Trans-Pacific Partnership, which will cover about 40 percent of the world's economies,...
| By: Rosemarie Francisco
U.S. fast track trade bill clears final Senate procedural hurdle WASHINGTON, May 22- Legislation key to sealing a Pacific trade pact passed another critical test in the U.S. Senate on Friday, boosting hopes for a deal that is central to President Barack Obama's strategic shift toward Asia. For the second time in two days, the Senate voted to limit debate on a bill, 61 to 38, granting the White House authority to speed trade deals...
Union dockworkers ratify labor contract for U.S. West Coast ports LOS ANGELES, May 22- Union dockworkers at all 29 U.S. West Coast ports have voted overwhelmingly to ratify a contract agreement reached in February with shipping companies and terminal operators to end months of labor strife that snarled trans-Pacific trade. Members of the International Longshore and Warehouse Union voted 82 percent in favor of the new...
| By: Steve Gorman
Climate change: Here's how we get a deal Yes, companies need to do more on climate change. But, here's what they need first, according to leaders from the International Chamber of Commerce.
| By: Terry McGraw and John Danilovich, International Chamber of Commerce
Rent a drone and the pilot The number of businesses wanting to use drones, as well as trained pilots to operate them is growing. CNBC's Jane Wells reports on how you can rent a drone.
Saudi Arabia plans to phase out fossil fuels Saudi Arabia, the world's largest crude exporter, could phase out the use of fossil fuels by the middle of this century, Ali al-Naimi, the kingdom's oil minister, said on Thursday. The Financial Times reports.
Source: Financial Times
| By: Pilita Clark
UPDATE 3-U.S. Senate advances fast-track trade bill sought by Obama Washington, May 21- President Barack Obama on Thursday moved closer to winning the power to speed trade deals through the U.S. Congress when the Senate advanced legislation important to his Asian trade push. The TPP is part of Obama's so-called pivot to Asia, a strategy to counter China's rising economic and diplomatic clout in Asia. They were joined by 49 of 54...
| By: Richard Cowan
UPDATE 1-Weatherford Drilling says in rig pact negotiations for Argentina BUENOS AIRES, May 21- Weatherford Drilling International is negotiating rig contracts for deployment in Argentina where foreign energy majors are exploring one of the world's largest shale resources, a senior company official said on Thursday. "Over the next five to 10 years, we see only upside in Argentina." Weatherford Drilling International, the drilling...
UPDATE 2-Fast-track trade bill passes U.S. Senate hurdle in win for Obama Washington, May 21- President Barack Obama on Thursday moved closer to winning the power to speed trade deals through the U.S. Congress when the Senate advanced legislation important to his Asian trade push. The TPP is part of Obama's so-called pivot to Asia, a strategy to counter China's rising economic and diplomatic clout in Asia. Thirteen of 44 Democrats...
| By: Richard Cowan