China Eyes Australian Donkey Exports

The Northern Territory government in Australia says it has been approached by nearly 50 Chinese companies looking to buy land to start donkey farms. Demand for donkey products, especially donkey-hide gelatin is increasing in China, while global supplies are falling. The Northern Territory government has bought a small herd of …

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Pence Says NAFTA Deal Possible in Several Weeks

U.S. Vice President Mike Pence said Saturday that he was leaving a summit of Latin American countries in Peru very hopeful that the United States, Mexico and Canada were close to a deal on a renegotiated NAFTA trade pact. Pence told reporters it was possible that a deal would be reached in the next several weeks. The …

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India’s Federal Police File Case Against Former UCO Bank Chairman

India’s federal police said Saturday that they had filed a case against a former chairman of state-run UCO Bank and several business executives alleging criminal conspiracy that caused a loss of 6.21 billion rupees ($95.17 million). Police said officials at the bank had colluded with private infrastructure firm Era Engineering Infra Ltd. and investment banking firm …

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Trump Task Force to Study Postal System Finances

After weeks of railing against online shopping giant Amazon, President Donald Trump signed an executive order Thursday creating a task force to study the United States Postal System. In the surprise move, Trump said that USPS is on “an unsustainable financial path” and “must be restructured to prevent a taxpayer-funded …

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Year-Round Sales of E15 Fuel Possible, Trump Says

U.S. President Donald Trump said Thursday that his administration might  allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from oil companies. The proposal marked the latest move by the Trump administration to navigate the rival oil and corn constituencies as they clash …

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Trump Wants to Rejoin Pacific Trade Pact

Japan has cautiously welcomed the news that U.S. President Donald Trump wants to rejoin the Trans-Pacific Partnership. “If this means that President Trump is correctly evaluating the significance and effects of the TPP, it’s something we want to welcome,” Toshimitsu Motegi, Japan’s trade minister, said Friday. He added that the …

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World Trade Body Warns US-China Tensions May Dent Business

The World Trade Organization predicts continued trade growth this year, though it warns that tensions and “tit-for-tat” retaliatory measures, notably between the U.S. and China, could compromise those projections. WTO Director-General Roberto Azevedo laid out the trade body’s predictions at a news conference Thursday amid concerns about a trade war …

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Solar Surge Threatens Hydro Future on Mekong 

Thousands of megawatts of wind and solar energy contracts in the Mekong region of Southeast Asia have been signed, seriously challenging the financial viability of major hydropower projects on the river, an energy expert told a water conference last week. Buoyed by a recent Thai government decision to delay a …

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Farmers Fret Over Trump’s Trade Tactics

The increasing trade tensions between the United States and China has rattled farmers in the American heartland, the place where many of the products on which China seeks to impose a tariff are produced.  As VOA’s Kane Farabaugh reports, those farmers, once supportive of President Trump, are increasingly wary about …

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IMF Chief Warns Global Trade in Danger

The head of the International Monetary Fund is warning that the global trading system is in danger of being “torn apart.”   In a speech prepared for delivery in Hong Kong Wednesday, Christine Lagarde urged nations to “steer clear of protectionism.”  That may be a reference to Washington’s recent moves …

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America’s Equal Pay Day Dismay

Tuesday, April 10, is Equal Pay Day in the United States. Advocates designated the day to mark how much longer women must work, on average, to earn as much as men averaged in the previous year.  Germany recognized Equal Pay Day on March 10. The Czech Republic will observe it …

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