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Obama to push trade agenda at summit with Southeast Asia

MANILA, Philippines— A summit next week between Southeast Asian leaders and President Barack Obama is unlikely to deliver any big economic prizes, but will allow the American side to press the advantages of joining a Pacific trade pact that doesn't include China. "We are going to be engaged in Southeast Asia, we're going to be engaged in working with the nations of...
Source: The Associated Press | By: By TERESA CEROJANO, Associated Press
UPDATE 1-U.S. and Cuba to sign pact Feb. 16 allowing scheduled flights

Feb 12- Top U.S. officials will travel to Havana on Feb. 16 to sign an aviation pact that restores scheduled airline service between the United States and Cuba for the first time in more than 50 years, the U.S. Transportation Department said on Friday. They will have 15 days starting Tuesday to submit route applications to the U.S. Transportation Department, its...
Source: Reuters
U.S. and Cuba to sign aviation pact on Feb. 16

Feb 12- Top U.S. officials will travel to Havana on Feb. 16 to sign an aviation pact that restores scheduled airline service between the United States and Cuba for the first time in more than 50 years, the U.S. Transportation Department said on Friday. U.S. airlines still must apply for permission from U.S. regulators to fly specific routes before they sell tickets to...
Source: Reuters
UPDATE 2-Despite carbon ruling, White House says U.S. can meet climate deal goals

WASHINGTON, Feb 10- The White House promised on Wednesday that it would be able to uphold U.S. commitments to an international climate change agreement, as a court ruling heightened concerns about the stability of the global carbon reduction pact reached last year. While the Clean Power Plan was expected to be the main tool for the United States to fulfill its...
Source: Reuters | By: Ayesha Rascoe
Portugal budget narrowly avoids rejection by EU

Portugal's budget for 2016 was judged to be "at risk of non-compliance" with European Union rules.
Source: CNBC.com | By: Katy Barnato
UPDATE 1-Republican Senator Portman opposes TPP trade deal in present form

WASHINGTON, Feb 4- Republican U.S. Senator Rob Portman on Thursday said he opposes the Trans-Pacific Partnership trade deal in its present form, dealing a significant blow to the pact a day after officials from 12 countries signed it. While approval of the trade pact is a top priority of President Barack Obama this year, his final year in office, it faces stiff...
Source: Reuters
Trans-Pacific Partnership trade deal signed, but years of negotiations still to come

WELLINGTON, Feb 4- The Trans-Pacific Partnership, one of the world's biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality. The 12 nations include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,...
Source: Reuters | By: Rebecca Howard
No traction for dollar after Fed rates collapse

The dollar was on the defensive after a collapse in expectations of a further rise in U.S. interest rates this year drove its biggest daily fall.
Source: CNBC.com
Trade ministers sign pact focused on Asia-Pacific region

WASHINGTON— President Barack Obama is applauding the signing of an ambitious free trade agreement among 12 countries that he says would support jobs in the United States. The clock on consideration by Congress does not begin until Obama formally submits legislation for lawmakers' consideration. Republican Senate Majority Leader Mitch McConnell has...
Source: The Associated Press
Ukraine warns of rising risk of war with Russia

Hopes that Ukraine can get back on track were hit on Wednesday, when the country's president warned that the probability of war with Russia had risen and its economy minister resigned.
Source: CNBC.com | By: Katy Barnato