Christopher Wenk News
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It was business as usual at the U.S. Export-Import Bank Sept. 30, though its charter was set to expire at midnight. The board approved $1.2 billion in loan guarantees to help Air India Ltd. buy jetliners from Boeing Co., part of $3.4 billion in financing it handled that day.
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Boeing Co. and Exxon Mobil Corp. are lobbying to fend off tightened sanctions against Iran that business groups say may cost $25 billion in U.S. exports.
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Boeing Co. tapped two of Washington’s highest-paid lobbying firms to help overcome opposition from carriers such as Delta Air Lines Inc. and Tea Party lawmakers in its push to reauthorize and expand the Export-Import Bank.
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The U.S. risks losing out on a potential doubling of exports to Russia unless Congress repeals a Cold War-era law passed to punish the Communist Soviet Union.
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The Obama administration is pressing Congress to throw out a Soviet-era law to restrict trade with Russia, making a plea on behalf of U.S. farmers and manufacturers.
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A trade group for businesses with investments in China, such as Caterpillar Inc. , is lobbying to fend off U.S. legislation aimed at forcing the Chinese to raise the value of their currency.
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The World Trade Organization wrapped up its ministerial meeting without deciding how to revive global commerce talks, focusing instead on welcoming Russia to the fold and securing a government-procurement accord.
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The Obama administration, facing growing complaints in Washington that it hasn’t persuaded China to increase the value of its currency, filed two trade cases against the world’s largest exporter of goods.
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