International Trade

Tesla CEO Musk’s upbeat tweets about China

Reuters | March 31, 2015 | International Trade

Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations, sparking a sharp rebound the company's stock. Read More »

Ford revives the Lincoln Continental, aims at US and China

Reuters | March 31, 2015 | International Trade

Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China. Read More »

Ralph Lauren to get $3.2 million from Indian licensee Arvind in settlement

Reuters | March 31, 2015 | International Trade

Textile maker Arvind Ltd said its lifestyle brands subsidiary would pay $3.2 million to Ralph Lauren to settle a lawsuit the US-based luxury fashion house filed in 2013. Read More »

Honda Canada to manufacture CR-V model for the European market

Reuters | March 31, 2015 | International Trade

Honda Motor Co said that its Canadian unit will produce the next generation CR-V model for the European market, marking the first time that its Canadian arm will export vehicles to Europe. Read More »

Even before any ‘Brexit’ vote, UK losing sway in Europe

Reuters | March 31, 2015 | International Trade

After decades of punching above its weight in Europe, Britain's influence in the European Union is waning, even before we know whether a promised referendum on "Brexit" will go ahead. Read More »

Vietnam hit by rare strike at major footwear factory

Reuters | March 31, 2015 | International Trade

Thousands of workers at a major factory in southern Vietnam went on strike for a fifth day on Tuesday in protest over social insurance cover, in rare show of labour unrest in a country positioning itself as a future Asian manufacturing powerhouse. Read More »

Modi government says to push for cow slaughter ban in India

Reuters | March 31, 2015 | International Trade

India will use all its “might” to ban cow slaughter across the country, interior minister Rajnath Singh said in a speech to spiritual leaders, as the Hindu nationalist government moves to fulfill a poll promise of Prime Minister Narendra Modi. Read More »

Trade between China and Silk Road nations to exceed $2.5 trillion

Reuters | March 31, 2015 | International Trade

China's President Xi Jinping said he hoped its annual trade with the countries involved in Beijing's plan to create a modern Silk Road would surpass $2.5 trillion in a decade. Read More »

China to delay bank tech restrictions

Reuters | March 31, 2015 | International Trade

China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing. Read More »

Oman Air orders 20 Boeing 737s; to double fleet by 2020

Reuters | March 31, 2015 | Air Cargo | International Trade

Flag carrier Oman Air has ordered 20 Boeing Co 737 aircraft as part of a plan to double its fleet to 70 planes by 2020, Chief Executive Paul Gregorowitsch said. Read More »

Global logistics exec urges industry not to let ‘good crisis go to waste’

Paul Scott Abbott | March 31, 2015 | International Trade

Opening the Georgia Logistics Summit, the top supply chain executive of a major food products marketer says the recent West Coast port congestion crisis provides an opportunity for improvement that should not be missed. Read More »

India’s February infrastructure output growth dips to 4-month low of 1.4%

Reuters | March 31, 2015 | International Trade

India’s annual infrastructure output growth slowed to a four-month low of 1.4 percent in February, mainly dragged down by a contraction in the production of steel, fertilisers and refinery products, government data showed on Tuesday. Read More »

Kion, Mitsubishi in talks to buy UniCarriers

Reuters | March 31, 2015 | International Trade

Germany’s Kion and Mitsubishi Heavy Industries are in talks to buy Japanese forklift truck maker UniCarriers for up to 100 billion yen ($833 million), a source familiar with the matter said, confirming a Nikkei report. Read More »

Templeton’s Mobius says Greece to stay in euro, shares are cheap

Reuters | March 31, 2015 | International Trade

Veteran investor Mark Mobius of Templeton’s emerging markets Investment Trust told Greek financial daily Naftemporiki on Tuesday that Greece’s stock market was cheap and that the country would remain in the single currency club. Read More »

Syria taps world wheat market as stocks run down

Reuters | March 30, 2015 | International Trade

Weeks after Syria said it had no need for wheat imports, the government plans to import 150,000 tonnes and has introduced ways to conserve grain stocks in signs of the growing strain on food supplies from conflict in the country. Read More »

China will support overseas bond issues by local firms to fund “One belt, One road” projects

Reuters | March 30, 2015 | International Trade

China will encourage Chinese companies to issue bonds overseas to fund projects for the “One belt, One road” initiative, a plan to boost connectivity across Asia for which it has created a $40 billion fund, according to a framework agreement released on Saturday. Read More »

Austrian finance minister sees crisis of confidence in Greece

Reuters | March 29, 2015 | International Trade

Greece’s international partners have lost trust in Greece, Austrian Finance Minister Hans Joerg Schelling said on Friday, underscoring that Athens needs to stick to conditions of its current rescue and saying a fresh debt haircut would do no good. Read More »

Apple plans China iPhone trade-in program with Foxconn

Reuters | March 26, 2015 | International Trade

Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort. Read More »

Schlumberger pleads guilty to violating US sanctions on Iran, Sudan

Reuters | March 26, 2015 | International Trade

The U.S. Justice Department said that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine. Read More »

SuperGroup buys out US license

Reuters | March 26, 2015 | International Trade

SuperGroup, the British company behind the Superdry fashion brand, has gained the exclusive rights to distribute its products in the U.S., Canada and Mexico, terminating the existing U.S. license by paying 22.3 million pounds ($33 million). Read More »