Trump says he is in ‘no rush’ to complete US-China trade deal

U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations. “I think President Xi saw that I’m somebody that believes in walking when the deal is not done, and you know there’s always a chance it could happen and he probably wouldn’t want that,” Trump said. China has not made any public comment confirming Xi i


U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations. “I think President Xi saw that I’m somebody that believes in walking when the deal is not done, and you know there’s always a chance it could happen and he probably wouldn’t want that,” Trump said. China has not made any public comment confirming Xi i
Trump says he is in ‘no rush’ to complete US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, completed, trade, meeting, uschina, summit, xi, president, property, deal, rush, complete, inperson, trump


Trump says he is in 'no rush' to complete US-China trade deal

U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations.

Trump and Chinese President Xi Jinping had been expected to hold a summit at the president’s Mar-a-Lago property in Florida later this month, but no date has been set for a meeting and no in-person talks between their trade teams have been held in more than two weeks.

The president, speaking to reporters at the White House, said he thought there was a good chance a deal would be made, in part because China wanted one after suffering from U.S. tariffs on its goods.

But he acknowledged Xi may be wary of coming to a summit without an agreement in hand after seeing Trump end a separate summit in Vietnam with North Korean leader Kim Jong Un without a peace deal.

“I think President Xi saw that I’m somebody that believes in walking when the deal is not done, and you know there’s always a chance it could happen and he probably wouldn’t want that,” Trump said.

China has not made any public comment confirming Xi is considering going to meet Trump in Florida or elsewhere.

The president, who likes to emphasize his own deal-making abilities, said an agreement to end a months-long trade war could be finished ahead of a presidential meeting or completed in-person with his counterpart.

“We could do it either way. We could have the deal completed and come and sign, or we could get the deal almost completed and negotiate some of the final points. I would prefer that,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, completed, trade, meeting, uschina, summit, xi, president, property, deal, rush, complete, inperson, trump


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Pompeo says North Korea nuclear talks to be completed by January 2021

Secretary of State Mike Pompeo said Wednesday that denuclearization negotiations with North Korea will be completed by January 2021. The deadline reflects a commitment from North Korean dictator Kim Jong Un, according to Pompeo. The Pentagon said it is continuing to back the State Department’s efforts on North Korea. “South Korea’s president deserves tremendous credit for doing what looked like the impossible, as talks between the U.S. and North Korea were headed for a dead end. Likewise, we hav


Secretary of State Mike Pompeo said Wednesday that denuclearization negotiations with North Korea will be completed by January 2021. The deadline reflects a commitment from North Korean dictator Kim Jong Un, according to Pompeo. The Pentagon said it is continuing to back the State Department’s efforts on North Korea. “South Korea’s president deserves tremendous credit for doing what looked like the impossible, as talks between the U.S. and North Korea were headed for a dead end. Likewise, we hav
Pompeo says North Korea nuclear talks to be completed by January 2021 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: amanda macias, mike calia, kcna, anthony wallace, pool
Keywords: news, cnbc, companies, 2021, moon, summit, chairman, korea, north, korean, nuclear, kim, completed, president, statement, talks, pompeo, denuclearization


Pompeo says North Korea nuclear talks to be completed by January 2021

Secretary of State Mike Pompeo said Wednesday that denuclearization negotiations with North Korea will be completed by January 2021.

The deadline reflects a commitment from North Korean dictator Kim Jong Un, according to Pompeo.

The chief U.S. diplomat’s statement came a day after South Korean President Moon Jae-in and North Korea’s Kim met in Pyongyang to discuss the next steps in their peace process. It also marks the latest significant development in President Donald Trump’s outreach to Kim following a much-hyped summit in Singapore earlier this year.

The Pentagon said it is continuing to back the State Department’s efforts on North Korea.

“The Department of Defense remains in full support of our diplomats as they work to achieve the final, fully verified denuclearization of the DPRK as agreed to by Chairman Kim,” U.S. Marine Corps Lt. Col. Christopher Logan said in an emailed statement to CNBC.

The White House did not immediately respond to CNBC’s request for comment.

While Trump has taken center stage along with Kim in the ongoing peace process, experts point to the effect South Korea’s president has had on the negotiations.

“I think we can call the recent efforts by South Korea the Moon miracle,” Harry Kazianis, director of defense studies at the Center for the National Interest, told CNBC.

“South Korea’s president deserves tremendous credit for doing what looked like the impossible, as talks between the U.S. and North Korea were headed for a dead end. I think it is clear there is the possibility of a compromise and even another Trump-Kim summit, right before the midterms,” he added.

Read Pompeo’s full statement below:

On the Outcome of Summit Meeting between President Moon and Chairman Kim

The United States congratulates President Moon Jae-in and Chairman Kim Jong Un on the successful outcome of their summit meeting in Pyongyang. We welcome President Moon and Chairman Kim’s reaffirmation of the Singapore joint statement of complete denuclearization of the Korean Peninsula, including the permanent dismantlement of all facilities at Yongbyon in the presence of U.S. and IAEA inspectors. We also welcome Chairman Kim’s decision to complete the previously announced dismantlement of the Tongchang-ri site in the presence of U.S. and international inspectors as a step toward the final fully verified denuclearization of North Korea, as agreed by Chairman Kim at the Singapore summit with President Trump. On the basis of these important commitments, the United States is prepared to engage immediately in negotiations to transform U.S.-DPRK relations. This morning, I invited my counterpart Foreign Minister Ri Yong Ho to meet in New York City next week where we are both already scheduled to be in attendance at the United Nations General Assembly meeting. Likewise, we have invited North Korean representatives to meet our Special Representative for North Korea, Stephen Biegun, in Vienna, Austria at the earliest opportunity. This will mark the beginning of negotiations to transform U.S.-DPRK relations through the process of rapid denuclearization of North Korea, to be completed by January 2021, as committed by Chairman Kim, and to construct a lasting and stable peace regime on the Korean Peninsula.

The latest revelation comes a little more than three months after the reclusive leader from the North sat down for the first time with Trump to discuss denuclearization.

A month after the meeting, the top U.S. military commander on the Korean peninsula said that the material needed for North Korea to make nuclear bombs is still intact.


Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: amanda macias, mike calia, kcna, anthony wallace, pool
Keywords: news, cnbc, companies, 2021, moon, summit, chairman, korea, north, korean, nuclear, kim, completed, president, statement, talks, pompeo, denuclearization


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Elizabeth Warren opposes Trump impeachment amid Mueller Russia probe

Sen. Elizabeth Warren may be one of President Donald Trump’s most vocal critics. The Massachusetts Democrat said she wanted to see special counsel Robert Mueller’s Russia investigation come to a close before she draws a conclusion. The former FBI director is looking into Russian efforts to influence the 2016 election and whether the Trump campaign coordinated with the Kremlin. Warren said she gets “worried” about the president trying to fire Mueller when he rages against Mueller or the Justice D


Sen. Elizabeth Warren may be one of President Donald Trump’s most vocal critics. The Massachusetts Democrat said she wanted to see special counsel Robert Mueller’s Russia investigation come to a close before she draws a conclusion. The former FBI director is looking into Russian efforts to influence the 2016 election and whether the Trump campaign coordinated with the Kremlin. Warren said she gets “worried” about the president trying to fire Mueller when he rages against Mueller or the Justice D
Elizabeth Warren opposes Trump impeachment amid Mueller Russia probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: jacob pramuk, tom williams, cq-roll call group, getty images, jonathan ernst, cheriss may, nurphoto, adam jeffery, andrew harrer, bloomberg
Keywords: news, cnbc, companies, weve, mueller, russia, opposes, campaign, elizabeth, york, completed, trump, impeachment, worried, probe, warren, president, investigation, amid, yetahead


Elizabeth Warren opposes Trump impeachment amid Mueller Russia probe

Sen. Elizabeth Warren may be one of President Donald Trump’s most vocal critics. But she does not want to boot him out of office, yet.

Ahead of November’s critical midterm elections, billionaire former hedge fund manager Tom Steyer has piled more than $20 million into his campaign to impeach the president. Asked Thursday evening if she agreed with the mega-donor’s effort, Warren answered, “Nope.”

The Massachusetts Democrat said she wanted to see special counsel Robert Mueller’s Russia investigation come to a close before she draws a conclusion. The former FBI director is looking into Russian efforts to influence the 2016 election and whether the Trump campaign coordinated with the Kremlin.

Warren said she gets “worried” about the president trying to fire Mueller when he rages against Mueller or the Justice Department that appointed him. She urged congressional Republicans to take up legislation protecting Mueller.

“The investigation then can be completed, and once the investigation is completed, then we know what we’ve got in front of us,” Warren said during a New York Times TimesTalks event.


Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: jacob pramuk, tom williams, cq-roll call group, getty images, jonathan ernst, cheriss may, nurphoto, adam jeffery, andrew harrer, bloomberg
Keywords: news, cnbc, companies, weve, mueller, russia, opposes, campaign, elizabeth, york, completed, trump, impeachment, worried, probe, warren, president, investigation, amid, yetahead


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Airbus’ solar-powered aircraft just flew for a record 26 days straight

A solar-powered aircraft from the European aerospace giant Airbus has completed a maiden flight lasting 25 days, 23 hours, and 57 minutes. An application has been made to confirm the flight as a new world record. The unmanned aircraft, a 75 kilogram Zephyr, offers what Airbus describes as “local satellite-like services” and runs on solar power. Solar-powered aircraft offer an intriguing glimpse of what the future of aviation could eventually look like. In 2016, the Solar Impulse 2, a manned airc


A solar-powered aircraft from the European aerospace giant Airbus has completed a maiden flight lasting 25 days, 23 hours, and 57 minutes. An application has been made to confirm the flight as a new world record. The unmanned aircraft, a 75 kilogram Zephyr, offers what Airbus describes as “local satellite-like services” and runs on solar power. Solar-powered aircraft offer an intriguing glimpse of what the future of aviation could eventually look like. In 2016, the Solar Impulse 2, a manned airc
Airbus’ solar-powered aircraft just flew for a record 26 days straight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-09  Authors: anmar frangoul, airbus copyright
Keywords: news, cnbc, companies, days, maiden, unmanned, solar, zephyr, 26, flight, flew, record, aircraft, rosenmann, airbus, straight, completed, solarpowered


Airbus' solar-powered aircraft just flew for a record 26 days straight

A solar-powered aircraft from the European aerospace giant Airbus has completed a maiden flight lasting 25 days, 23 hours, and 57 minutes.

The new Zephyr S HAPS (High Altitude Pseudo-Satellite) took off from Arizona on July 11 and went on to complete “the longest duration flight ever made,” Airbus Defence and Space said in an announcement Wednesday. An application has been made to confirm the flight as a new world record.

The unmanned aircraft, a 75 kilogram Zephyr, offers what Airbus describes as “local satellite-like services” and runs on solar power. It operates in the stratosphere at an average altitude of 70,000 feet and has a wingspan of 25 meters.

“This very successful maiden flight represents a new significant milestone in the Zephyr program, adding a new stratospheric flight endurance record which we hope will be formalized very shortly,” Jana Rosenmann, head of unmanned aerial systems at Airbus, said in a statement.

“We will in the coming days check all engineering data and outputs and start the preparation of additional flights planned for the second half of this year from our new operating site at the Wyndham airfield in Western Australia,” Rosenmann added.

Solar-powered aircraft offer an intriguing glimpse of what the future of aviation could eventually look like. In 2016, the Solar Impulse 2, a manned aircraft powered by the sun, managed to circumnavigate the globe without using fuel. The trip was completed in 17 separate legs.


Company: cnbc, Activity: cnbc, Date: 2018-08-09  Authors: anmar frangoul, airbus copyright
Keywords: news, cnbc, companies, days, maiden, unmanned, solar, zephyr, 26, flight, flew, record, aircraft, rosenmann, airbus, straight, completed, solarpowered


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Chinese investment in the US drops 90% amid political pressure

Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said. Completed Chinese deals in the U.S. hit a record $46 billion in 2016, and dropped to $29 billion in 2017, according to Rhodium. Completed Chinese FDI deals in the US* in $ millions (2006-2018)Source: Rhodium Group. In a search for investment opportunities, Chinese companies went on an overseas buying spree in 2015 and 2016. New U.S. tariffs could also give Chinese manufacturers


Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said. Completed Chinese deals in the U.S. hit a record $46 billion in 2016, and dropped to $29 billion in 2017, according to Rhodium. Completed Chinese FDI deals in the US* in $ millions (2006-2018)Source: Rhodium Group. In a search for investment opportunities, Chinese companies went on an overseas buying spree in 2015 and 2016. New U.S. tariffs could also give Chinese manufacturers
Chinese investment in the US drops 90% amid political pressure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-20  Authors: evelyn cheng, afp, getty images
Keywords: news, cnbc, companies, political, completed, billion, report, amid, 90, investment, far, months, drops, deals, transactions, chinese, pressure, rhodium


Chinese investment in the US drops 90% amid political pressure

Chinese acquisitions and investments in the U.S. fell 92 percent to just $1.8 billion in the first five months of this year, consulting and research firm Rhodium Group said Tuesday.

Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said.

The decline follows a sharp drop in the second half of last year as pressure from both Beijing and the Trump administration curbed a recent surge in cross-border investment. Completed Chinese deals in the U.S. hit a record $46 billion in 2016, and dropped to $29 billion in 2017, according to Rhodium.

Completed Chinese FDI deals in the US* in $ millions (2006-2018)

Source: Rhodium Group. *Includes completed M&A transactions with over 10% resulting stake and greenfield projects that have broken ground. **January to May 2018.

In a search for investment opportunities, Chinese companies went on an overseas buying spree in 2015 and 2016.

But now, China wants to limit capital flight and excessive leverage. The U.S. is worried about intellectual property protection and has increased scrutiny of deals on the basis of national security. The Trump administration has also threatened restrictions on investment based on a “Section 301” investigation, the same study that led to the latest tariff announcements.

As a result, acquisitions worth more than $2 billion in the first five months of this year have fallen apart, Rhodium Group’s Thilo Hanemann said. They include Alibaba-affiliate Ant Financial’s proposed merger with MoneyGram, HNA’s plans to acquire Anthony Scaramucci’s SkyBridge Capital and China-backed fund Sino IC Capital’s efforts to buy semiconductor testing company Xcerra.

“The pipeline of pending M&A transactions remains thinner and the average transaction value far lower than in previous periods,” Hanemann said in the report.

He pointed out that in contrast to the typical hundreds of millions of dollars or more, the average size of Chinese deals in the U.S. so far this year was $46 million.

Big Chinese conglomerates HNA, Anbang and Wanda, are also selling many of their U.S. assets, sending the amount of completed U.S. divestitures to $9.6 billion in the first five months of this year, according to Rhodium. The analysis estimates another $4 billion in sales is pending.

The sales come amid pressure from Beijing for Chinese companies to expand overseas — in matching industries. A criticism of the conglomerates’ many entertainment and real estate deals was their fit with business strategy.

Real estate and entertainment remained among the top three recipients of Chinese capital this year, driven by midsize deals and overseas-listed internet and gaming companies, Rhodium said. But thanks to seven transactions in health and biotech, the industry’s share of overall Chinese deals in the U.S. rose from 9 percent last year to 58 percent so far this year, the report said.

Chinese FDI transactions in the US by industry (% of total)

Source: Rhodium Group

To be sure, the figures on annual changes are small compared with aggregate foreign direct investment in the last two decades and do not contribute much to gross domestic product.

New U.S. tariffs could also give Chinese manufacturers the incentive to produce in America, the Rhodium report pointed out.


Company: cnbc, Activity: cnbc, Date: 2018-06-20  Authors: evelyn cheng, afp, getty images
Keywords: news, cnbc, companies, political, completed, billion, report, amid, 90, investment, far, months, drops, deals, transactions, chinese, pressure, rhodium


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SpaceX planning massive expansion of rocket facilities on Florida’s space coast

The company is fresh off the debut of an enhanced version of its Falcon 9 rocket, called Block 5. SpaceX launched and landed its first Falcon 9 Block 5 on May 11, with Musk announcing plans for this new rocket to achieve a host of new milestones for SpaceX, including launching and landing the same rocket twice in 24 hours – as early as next year. SpaceX is aiming for at least 24 launches this year, on pace to shatter its record 18 successful launches completed in 2017. The company has already co


The company is fresh off the debut of an enhanced version of its Falcon 9 rocket, called Block 5. SpaceX launched and landed its first Falcon 9 Block 5 on May 11, with Musk announcing plans for this new rocket to achieve a host of new milestones for SpaceX, including launching and landing the same rocket twice in 24 hours – as early as next year. SpaceX is aiming for at least 24 launches this year, on pace to shatter its record 18 successful launches completed in 2017. The company has already co
SpaceX planning massive expansion of rocket facilities on Florida’s space coast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-08  Authors: michael sheetz
Keywords: news, cnbc, companies, company, spacex, expansion, launches, launch, massive, completed, planning, rocket, facilities, coast, debut, space, falcon, including, floridas, block


SpaceX planning massive expansion of rocket facilities on Florida's space coast

“As SpaceX’s launch cadence and manifest for missions from Florida continues to grow, we are seeking to expand our capabilities and streamline operations to launch, land and re-fly our Falcon family of rockets,” SpaceX spokesman James Gleeson said in a statement.

The company is fresh off the debut of an enhanced version of its Falcon 9 rocket, called Block 5. SpaceX launched and landed its first Falcon 9 Block 5 on May 11, with Musk announcing plans for this new rocket to achieve a host of new milestones for SpaceX, including launching and landing the same rocket twice in 24 hours – as early as next year.

SpaceX is aiming for at least 24 launches this year, on pace to shatter its record 18 successful launches completed in 2017. The company has already completed 11 launches – including the debut of Falcon Heavy, the most powerful rocket in the world. President and COO Gwynne Shotwell told CNBC in May the company expects lower demand in 2019, with about the same number of launches expected as 2017.


Company: cnbc, Activity: cnbc, Date: 2018-06-08  Authors: michael sheetz
Keywords: news, cnbc, companies, company, spacex, expansion, launches, launch, massive, completed, planning, rocket, facilities, coast, debut, space, falcon, including, floridas, block


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This road in Sweden charges electric vehicles as they drive on it

As a part of Sweden’s plan to have a fossil fuel-free transportation system by 2030, the government just completed part of a road near Stockholm that charges electric vehicles as they drive on it. The project — called eRoadArlanda — uses technology similar to overhead cables that charge electric buses and trolleys, but instead is built into the road. When a retrofitted vehicle senses it’s on the electric road, an arm lowers onto the track that charges the car’s battery. eRoadArlanda says the tra


As a part of Sweden’s plan to have a fossil fuel-free transportation system by 2030, the government just completed part of a road near Stockholm that charges electric vehicles as they drive on it. The project — called eRoadArlanda — uses technology similar to overhead cables that charge electric buses and trolleys, but instead is built into the road. When a retrofitted vehicle senses it’s on the electric road, an arm lowers onto the track that charges the car’s battery. eRoadArlanda says the tra
This road in Sweden charges electric vehicles as they drive on it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-24  Authors: darren weaver, magdalena petrova, source
Keywords: news, cnbc, companies, eroadarlanda, works, cars, charges, drive, track, system, buses, completed, sweden, vehicles, electric, road


This road in Sweden charges electric vehicles as they drive on it

As a part of Sweden’s plan to have a fossil fuel-free transportation system by 2030, the government just completed part of a road near Stockholm that charges electric vehicles as they drive on it.

The project — called eRoadArlanda — uses technology similar to overhead cables that charge electric buses and trolleys, but instead is built into the road. When a retrofitted vehicle senses it’s on the electric road, an arm lowers onto the track that charges the car’s battery. eRoadArlanda says the track works in rain or snow. The system is designed to feed heavy truck loads, but will be capable of charging cars and buses as well.

The road will be paid for by billing the driver for the amount of electricity used.

eRoadArlanda has completed 1.25 miles of the electrified road on a public highway as a part of a test, with plans to expand to other parts of the country.


Company: cnbc, Activity: cnbc, Date: 2018-04-24  Authors: darren weaver, magdalena petrova, source
Keywords: news, cnbc, companies, eroadarlanda, works, cars, charges, drive, track, system, buses, completed, sweden, vehicles, electric, road


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GE has completed its first flight test of the world’s largest jet engine

General Electric has conducted its first flight test of the world’s largest-ever jet engine. The GE9X engine lifted off Wednesday, under the wing of GE Aviation’s Boeing 747 flying test-bed in Victorville, California. The engine has approximately the same diameter as the fuselage of a Boeing 737 and houses a 134-inch-diameter front fan, that GE has claimed to be the largest of any commercial engine in production. In a press release, Ted Ingling, the general manager of the GE9X program, said the


General Electric has conducted its first flight test of the world’s largest-ever jet engine. The GE9X engine lifted off Wednesday, under the wing of GE Aviation’s Boeing 747 flying test-bed in Victorville, California. The engine has approximately the same diameter as the fuselage of a Boeing 737 and houses a 134-inch-diameter front fan, that GE has claimed to be the largest of any commercial engine in production. In a press release, Ted Ingling, the general manager of the GE9X program, said the
GE has completed its first flight test of the world’s largest jet engine Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-15  Authors: david reid, source, ge aviation, duncan chard, bloomberg, getty images
Keywords: news, cnbc, companies, flight, largest, engine, boeing, test, jet, worlds, general, ge, issue, completed, wing, ge9x


GE has completed its first flight test of the world’s largest jet engine

General Electric has conducted its first flight test of the world’s largest-ever jet engine.

The GE9X engine lifted off Wednesday, under the wing of GE Aviation’s Boeing 747 flying test-bed in Victorville, California.

The test had been delayed from February after engineers discovered a design issue with the turbofan. GE described the issue as minor and that it would not delay the program.

The engine has approximately the same diameter as the fuselage of a Boeing 737 and houses a 134-inch-diameter front fan, that GE has claimed to be the largest of any commercial engine in production.

In a press release, Ted Ingling, the general manager of the GE9X program, said the test flight was “picture perfect,” adding that final engine certification is expected in 2019.

GE is building the GE9X for Boeing’s new 777x long-haul airplane, due to take to the skies in 2020. Almost 700 GE9X engines are already on order.


Company: cnbc, Activity: cnbc, Date: 2018-03-15  Authors: david reid, source, ge aviation, duncan chard, bloomberg, getty images
Keywords: news, cnbc, companies, flight, largest, engine, boeing, test, jet, worlds, general, ge, issue, completed, wing, ge9x


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Russia and China battle US in race to control Arctic

An inventory of planned, in-progress, completed or canceled Arctic infrastructure projects compiled by global financial firm Guggenheim Partners tallies roughly 900 projects, requiring a total of $1 trillion in investment, some of which is already on the way. With $300 billion in potential projects either completed, in motion or proposed, Russia is the clear leader in Arctic infrastructure development. In June it found its first oilfield, in the Laptev Sea in the eastern Arctic. Meanwhile, Russi


An inventory of planned, in-progress, completed or canceled Arctic infrastructure projects compiled by global financial firm Guggenheim Partners tallies roughly 900 projects, requiring a total of $1 trillion in investment, some of which is already on the way. With $300 billion in potential projects either completed, in motion or proposed, Russia is the clear leader in Arctic infrastructure development. In June it found its first oilfield, in the Laptev Sea in the eastern Arctic. Meanwhile, Russi
Russia and China battle US in race to control Arctic Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-06  Authors: clay dillow, mikhail svetlov, getty images, sergey anisimov, anadolu agency, stockbyte, sputnik, alexei druzhinin, kremlin via reuters, anton vaganov
Keywords: news, games, cnbc, companies, russia, infrastructure, field, completed, facilities, russian, china, battle, control, oil, offshore, arctic, northern, projects, race


Russia and China battle US in race to control Arctic

As the ice pulls back, corporations and governments are moving in. Seaport facilities, mining operations, oil and gas pipelines — as well as new roads, railways and airstrips to serve them — are arriving in the region at an accelerating pace. An inventory of planned, in-progress, completed or canceled Arctic infrastructure projects compiled by global financial firm Guggenheim Partners tallies roughly 900 projects, requiring a total of $1 trillion in investment, some of which is already on the way.

With $300 billion in potential projects either completed, in motion or proposed, Russia is the clear leader in Arctic infrastructure development. The world’s largest country has moved to reopen some abandoned Soviet-era military installations and place new facilities and airfields in its northern territory, while also establishing a string of seaports along its northern coastline. State-controlled oil company Rosneft started drilling the northernmost rig in the Russian Arctic shelf last year in an attempt to tap into a field that could hold more than half a billion barrels of oil. In June it found its first oilfield, in the Laptev Sea in the eastern Arctic. Meanwhile, Russian energy giant Gazprom Neft already pumps oil from beneath Arctic waters via a different offshore field, in the Pechora Sea.

The ultimate goal: to have offshore Arctic oil account for between 20 and 30 percent of Russian production by 2050.


Company: cnbc, Activity: cnbc, Date: 2018-02-06  Authors: clay dillow, mikhail svetlov, getty images, sergey anisimov, anadolu agency, stockbyte, sputnik, alexei druzhinin, kremlin via reuters, anton vaganov
Keywords: news, games, cnbc, companies, russia, infrastructure, field, completed, facilities, russian, china, battle, control, oil, offshore, arctic, northern, projects, race


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The renegotiation of NAFTA is ‘far from being completed at this point,’ says Commerce Secretary Wilbur Ross

The efforts to renegotiate NAFTA are “far from being completed at this point,” Commerce Secretary Wilbur Ross said on CNBC Wednesday. Ross told “Squawk Box” without being specific that some progress has been made on easier provisions, but “very little has been done on the hard issues.” The trade pact was negotiated by Republican President George H.W. “It’s definitely a possibility” that the president would exit the agreement, said Ross, a key player in the Trump administration’s bid to overhaul


The efforts to renegotiate NAFTA are “far from being completed at this point,” Commerce Secretary Wilbur Ross said on CNBC Wednesday. Ross told “Squawk Box” without being specific that some progress has been made on easier provisions, but “very little has been done on the hard issues.” The trade pact was negotiated by Republican President George H.W. “It’s definitely a possibility” that the president would exit the agreement, said Ross, a key player in the Trump administration’s bid to overhaul
The renegotiation of NAFTA is ‘far from being completed at this point,’ says Commerce Secretary Wilbur Ross Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-31  Authors: matthew j belvedere, mary turner
Keywords: news, games, cnbc, companies, nafta, talks, trade, commerce, specific, ross, trump, completed, pact, point, free, president, mexico, wilbur, secretary, renegotiation, far


The renegotiation of NAFTA is 'far from being completed at this point,' says Commerce Secretary Wilbur Ross

The efforts to renegotiate NAFTA are “far from being completed at this point,” Commerce Secretary Wilbur Ross said on CNBC Wednesday.

Ross told “Squawk Box” without being specific that some progress has been made on easier provisions, but “very little has been done on the hard issues.”

Without mentioning specific trade free arrangements such as NAFTA or the Trans-Pacific Partnership, President Donald Trump used his State of the Union address Tuesday night to talk about America turning the page “on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies.”

However, Trump has also repeatedly said he would pull out of the 1994 North American Free Trade Agreement with Canada and Mexico if he thought it would lead to a better deal the United States. The trade pact was negotiated by Republican President George H.W. Bush and implemented by Democratic President Bill Clinton.

“It’s definitely a possibility” that the president would exit the agreement, said Ross, a key player in the Trump administration’s bid to overhaul NAFTA. A final renegotiated deal “will either be 100 percent or zero percent” acceptable, he added. “It won’t be some percentage in between.”

At the conclusion of the sixth round of talks in Montreal on Monday, U.S. Trade Representative Robert Lighthizer warned the process was still moving too slowly on U.S. priorities.

The next series of talks are to begin on Feb. 26 in Mexico City.

However, there’s speculation that the bid to salvage the $1.2 trillion free-trade pact will continue beyond an end of March deadline, which was set to avoid Mexico’s presidential race.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-01-31  Authors: matthew j belvedere, mary turner
Keywords: news, games, cnbc, companies, nafta, talks, trade, commerce, specific, ross, trump, completed, pact, point, free, president, mexico, wilbur, secretary, renegotiation, far


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