- PERU PACT GETS HOUSE NOD: The House approved a free trade agreement with Peru by a vote of 285 to 132 Thursday. The deal would make duty free benefits permanent for importers that brought in $868.3 million worth of apparel and textiles from Peru for the year ended Aug. 31 and open Peru's market to U.S. exports. The Democratic leadership overcame opposition from within its party — 116 Democrats voted against the deal — to pass the trade agreement. The leaders cobbled together 109 Democrats and 176 Republicans to get the bill over the finish line. The trade deal, touted as a new model because it incorporates stronger labor and environmental standards, will go to the Senate, where it appears likely to pass.

-POINTS EAST: Istithmar, the Dubai private equity firm that acquired Barneys New York last August for $942 million, on Thursday said it is opening an office in Shanghai. The firm said the move "heralds the beginning of [our] expansion in prominent cities around the globe." David Jackson, the firm's chief executive officer, said the office would give Istithmar "great proximity to opportunities and developments in a rapidly growing Asia. China is a true emerging market with strong potential for growth."

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