WASHINGTON — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.) are among a dozen Senators supporting a plan that would allow the Senate to approve export agreements with Panama, Columbia and South Korea. The Mississippi senators have signed a letter to President Obama that says the lawmakers will support consideration of Trade Adjustment Assistance [...] [...]
Completion of the Port of Gulfport’s rebuilding should coincide well with the expected trade growth from the expanded Panama Canal as well as Latin America, port officials say. Port director Don Allee may not get the 50-foot shipping channel the Port of Gulfport would need to take full advantage of a massive increase in Asian [...] [...]
WASHINGTON — Sen. Thad Cochran (R-Miss.) and Sen. Roger Wicker (R-Miss.) recently testified before the U.S. International Trade Commission (ITC) that existing antidumping duties must be extended to promote an even playing field for U.S. shrimpers “besieged by unfair foreign imports.” The ITC is in the process of determining whether conditions within the U.S. shrimp [...] [...]
PASCAGOULA — Cargo tonnage at the Port of Pascagoula was down 23 percent in 2010, a decrease partly due to Russia’s ban on frozen poultry from the U.S., officials say.The Mississippi Press reports the port’s public terminals moved 537,762 tons of cargo last year, compared to 700,876 tons in 2009. The data was released by [...] [...]
See related stories: In The Red?, Clay Chandler, July 18, 2010 Chinese investing in Amory steel mill, Associated Press, Sept. 15, 2010 China’s WTO violations, subsidies and state ownership harm U.S. manufacturers Source: PR Newswire WASHINGTON, D.C — A new study released Thursday (Oct. 14) concludes that the unprecedented growth of the Chinese steel industry [...] [...]
TOKYO — The new president of Hitachi Ltd. urged the government to tackle the strong yen, which is squeezing business as he seeks to transform one of Japan’s biggest companies. Five months into the job, Hiroaki Nakanishi described the Japanese currency, which hit a fresh 15-year high of 83.32 yen to the dollar last week, [...] [...]
NORTHEAST MISSISSIPPI — Officials have signed an international pact to link the Tennessee-Tombigbee Waterway with goods shipped through an expanded Panama Canal. The Tennessee-Tombigbee Waterway Development Authority yesterday signed a memorandum of understanding with the Panama Canal Authority. The parties to the pact agree to joint marketing, information sharing and technology exchanges to promote the [...] [...]
TOKYO — Facing a surging yen and mounting calls for action, Japan may finally decide that it can’t afford to let its currency keep climbing. Today brought growing expectations that Japan’s monetary authorities would do something to stem the yen’s rise after it hit a fresh 15-year high against the dollar the day before. New [...] [...]
WASHINGTON — The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports. The larger deficit is evidence of a rebounding U.S. economy. The Commerce Department said today that the trade deficit rose 2.5 [...] [...]
WASHINGTON — The Federal Trade Commission (FTC) is suing Intel Corp., the world’s leading computer chip maker, charging that the company has illegally used its dominant market position for a decade to stifle competition and strengthen its monopoly. In its complaint, the FTC alleges that Intel has waged a systematic campaign to shut out rivals’ [...] [...]
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