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Trade

US House passes standalone fast track bill giving president more authority in TPP talks
The US House has passed Trade Promotion Authority bill that boost presidential authority in negotiating trade deals. This version of the legislation is not linked to any other bill.

18.06.2015 16:36

2015 St. Petersburg International Economic Forum
The 19th St. Petersburg International Economic Forum is underway. Despite sanctions, more than 7,000 guests and 1,000 international companies are represented, among them the heads of BP, Royal Dutch Shell and Total. RT will keep you updated.

17.06.2015 14:08

China and Australia sign ‘historic’ free trade agreement
After a decade of negotiations China and Australia have sealed a free trade agreement which is expected to deliver a $20 billion boost to mutual trade by 2035. Currently trade between the two stands at almost $160 billion annually.

17.06.2015 07:25

Obama’s fast-track authority stuck in House slow lane
President Obama will have to wait up to six more weeks before getting fast-track authority to negotiate trade deals, such as TPP. The House put off a vote on the bill required to pass the authority, giving Obama time to drum up support within his party.

16.06.2015 19:52

China’s second-largest e-commerce company JD.com expands to Russia
Chinese online retailer JD.com (Jingdong Mall) has chosen Russia as the first overseas market for its expansion, said company's official Victor Xu. The firm aims to become an e-commerce leader in the Russian market within five years.

16.06.2015 12:18

​Russia’s Gazprom and China’s CNPC to exclude dollar from gas settlements
Russia and China expect to use the ruble and yuan in payments for gas supplied using the western Altay pipeline. When it and the eastern Power of Siberia pipeline is open Beijing will become the biggest consumer of Russian gas.

16.06.2015 11:08

Legendary US Colt firearms maker files for bankruptcy protection to stay afloat
The firearms manufacturer Colt Defense has filed for bankruptcy protection aiming to cut its $355 million debt. The company has struggled financially due to waning sales and the loss of a key contract.

15.06.2015 13:27

Russia’s biggest pancake maker to hit US by 2016 - Bloomberg
The largest chain of blini (pancake) vendors in Russia is opening a store in New York this fall as part of its international expansion. Teremok will become the first Russian fast-food chain in the US.

15.06.2015 07:32

House Republican compares unions opposing TPP trade pact to Nazi propagandists
The latest lawmaker to compare opponents to Nazis, Rep. David Schweikert, likened unions opposed to a controversial trade deal to Nazi propaganda head Joseph Goebbels as the House approved the president's unilateral power to negotiate major trade pacts.

12.06.2015 19:30

House votes on Obama’s ‘fast-track’ authority to negotiate Trans - Pacific trade deal
The House is getting ready to vote on a controversial “fast-track” trade bill that if passed will grant President Barack Obama more authority in negotiating a Trans-Pacific Partnership (TPP) trade deal.

12.06.2015 09:14

Eurasian Economic Union to offer cross-border stock trading in 2016
Eurasian Economic Union (EEU) plans to allow reciprocal access to national stock exchanges next year, according to Eurasian Economic Commission Minister Timur Suleimenov.

11.06.2015 13:18

China begins freight train service to Moscow
China has started a rail freight service linking the western Xinjiang region also known as a "core area" of the Silk Road economic belt with Moscow. It is expected to deliver $8.1 billion worth of cargo annually.

11.06.2015 09:44