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Former defense secretaries push for trade pact

WASHINGTON— Eight former secretaries of defense are pushing congressional leaders to back one of President Barack Obama's top priorities and pass a free trade agreement they say is fundamental to national security. The bipartisan group has penned a letter stating that the Trans-Pacific Partnership agreement will strengthen alliances with regional...

Source: The Associated Press

EU finmins to consider focusing on spending cap to cut morass of budget rules

AMSTERDAM, April 23- European Union finance ministers agreed on Saturday to discuss whether they can regain some control over a morass of EU budget rules by focusing mainly on an annual spending cap as the best measure of compliance. Years of changes and additions to EU rules, called the Stability and Growth Pact, have made meeting targets extremely complex,...

Source: Reuters

UPDATE 1-Puerto Rico has tentative deal with some bondholders - Bloomberg

April 22- Puerto Rico's Government Development Bank reached a tentative agreement with about half of its creditors, Bloomberg reported on Friday, in an effort to keep negotiations out of court. The creditors agreed to a potential forbearance pact, which would allow parties to negotiate out of court, said Jesus Manuel Ortiz, spokesman for Governor Alejandro...

Source: Reuters

Puerto Rico has tentative deal with some bondholders - Bloomberg

April 22- Puerto Rico's Government Development Bank reached a tentative agreement with about half of its creditors, Bloomberg reported on Friday, in an effort to keep negotiations out of court. The creditors agreed to a potential forbearance pact, which would allow parties to negotiate out of court, said Jesus Manuel Ortiz, spokesman for Governor Alejandro...

Source: Reuters

Survey shows plunging public support for TTIP in US and Germany

BERLIN, April 21- Support for the transatlantic trade deal known as TTIP has fallen sharply in Germany and the United States, a survey showed on Thursday, days before Chancellor Angela Merkel and President Barack Obama meet to try to breathe new life into the pact. The survey, conducted by YouGov for the Bertelsmann Foundation, showed that only 17 percent of...

Source: Reuters

U.S. reluctant to change data pact after EU watchdogs' concerns

BRUSSELS, April 20- The United States does not want to change the substance of a data transfer pact agreed in February with the European Commission, a senior official said, after EU privacy watchdogs voiced concerns over elements of the deal. Undersecretary of Commerce for International Trade, said the United States would evaluate the EU regulators' opinion-...

Source: Reuters

World markets pressured by Doha failure

Oil prices were under pressure this morning, and so were many global stock markets, following the failure by oil producers meeting in Doha to reach a production freeze pact.

Source: CNBC.com

UPDATE 1-EU privacy watchdogs raise concerns over U.S. data pact

BRUSSELS, April 13- European privacy regulators said on Wednesday a new commercial data transfer pact between the European Union and the United States needed to provide more reassurance over U.S. surveillance practices and the independence of a new U.S. privacy ombudsman. Privacy Shield, agreed in February after two years of talks, is designed to help firms on...

Source: Reuters

TPP's future looks uncertain: Academic

Just one U.S. presidential candidate is positive about the Trans-Pacific Partnership trade pact, says George Washington University's Michael Brown.

Source: CNBC.com

EU privacy watchdogs could seek US data pact review in two years

BRUSSELS, April 12- European privacy watchdogs could ask for a review in two years of a new transatlantic data pact designed to help companies such as Microsoft and IBM to shuffle around user data, according to three people familiar with the matter. Privacy Shield, a framework agreed in February that will allow companies to move Europeans' data to the United...

Source: Reuters