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U.S. House moves to revive Obama’s Pacific trade pact

WASHINGTON The U.S. House of Representatives plans to bring legislation central to President Barack Obama’s Pacific Rim trade agreement back to the floor for debate on Thursday, giving lawmakers a chance to deal with it in a different format. After a major set... More »

House takes key steps toward ‘fast-track’ vote on Friday

WASHINGTON President Barack Obama’s quest for “fast-track” negotiating authority on a Pacific Rim trade deal passed its initial tests in the House of Representatives on Thursday ahead of a final vote on Friday on contentious trade measures. By a vote of 397-32... More »

House takes key steps toward ‘fast-track’ vote Friday

WASHINGTON President Barack Obama’s quest for “fast-track” negotiating authority on a Pacific Rim trade deal passed its initial tests in the House of Representatives on Thursday ahead of a final vote on Friday on contentious trade measures. By a vote of 397-32... More »

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Republicans claim enough votes to pass fast-track trade bill

WASHINGTON Top Republicans predicted on Sunday that both chambers of Congress would muster the votes to pass the “fast-track” authority sought by President Barack Obama to negotiate major trade deals, despite opposition from Obama’s fellow Democrats. “Yes, we’... More »

SEC a stumbling block in banks’ forex guilty pleas: sources

NEW YORK/WASHINGTON Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar sett... More »

Australia targets 30 multinationals in tax crackdown

CANBERRA Australia on Tuesday proposed new legislation to tighten tax loopholes that the conservative government says have allowed around 30 of the world’s largest multinational companies to avoid paying taxes. Under the proposals, released as part of Australi... More »

SEC’s stock market reform club locks out retail brokers

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages. The SEC’s 17-mem... More »

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In Jamaica, Obama seeks to reassert U.S. leadership in Caribbean

KINGSTON, Jamaica (Reuters) – President Barack Obama arrived in Jamaica on Wednesday to attend a Caribbean summit seeking to reassert U.S. leadership in the region at time when oil-producing Venezuela’s economic clout may be receding. As the first U.S. preside... More »

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Republicans push demand for a vote on Iran nuclear deal

WASHINGTON (Reuters) – Senate Republicans on Sunday pressed their demand that the U.S. Congress be allowed to vote on a nuclear agreement with Iran, but signaled they are willing to wait for last week’s interim agreement to be finalized before passing judgment... More »