International Trade

Lawmaker says ‘reasonably optimistic’ about fast track trade bill

Reuters | April 30, 2015 | International Trade

The head of a House of Representatives panel responsible for trade said on Thursday he is "reasonably optimistic" about the outlook for legislation to streamline the passage of trade deals through Congress and expects the bill to pass. Read More »

McDonald’s fries supplier fined in China for water pollution

Reuters | April 30, 2015 | International Trade

Beijing authorities have fined U.S.-based J.R. Simplot's China processing unit, which supplies frozen french fries to McDonald's Corp, 3.92 million yuan ($632,370) for water pollution, state media and Simplot said. Read More »

China says worried by new U.S. cyber strategy

Reuters | April 30, 2015 | International Trade

China's Defence Ministry expressed concern on Thursday at the Pentagon's updated cyber strategy that stresses the U.S. military's ability to retaliate with cyber weapons, saying this would only worsen tension over Internet security. Read More »

Lifting of sanctions to start within days of deal

Reuters | April 29, 2015 | International Trade

The signing of a nuclear agreement with Iran will prompt the United Nations, European Union and United States to begin lifting sanctions on the Islamic Republic within days afterwards, Iranian Foreign Minister Mohammad Javad Zarif said on Wednesday. Read More »

Wal-Mart to expand China store network by nearly a third after growth stalls

AJOT | April 29, 2015 | International Trade

Giant U.S. retailer Wal-Mart Stores Inc (WMT.N) plans to expand its footprint in China by nearly a third by opening 115 new stores by 2017, the firm's chief executive said, in a renewed push to lure China's grocery shoppers despite slowing growth. Read More »

Eurogroup’s Dijsselbloem says Greece will not make it without aid

AJOT | April 29, 2015 | International Trade

The head of the Eurogroup said on Tuesday that a recent shakeup of Greek Prime Minister Alexis Tsipras' negotiating team would not by itself resolve the impasse between Greece and its creditors, and Athens would need new loans to stay afloat. Read More »

VW’s MAN swings to net loss as Brazil demand plunges

Reuters | April 28, 2015 | International Trade

German truckmaker MAN SE swung to a first-quarter net loss, hit by a plunge in demand in Brazil, and said it expected market conditions there to remain tough until at least mid-year. Read More »

Samsung Heavy says no plan to seek merger with Samsung Engineering again

Reuters | April 27, 2015 | International Trade

South Korean shipbuilder Samsung Heavy Industries Co Ltd denied on Tuesday a South Korean media report that it will try again to merge with sister company Samsung Engineering Co Ltd later this year. Read More »

San Antonio small business entrepreneurs invited to the White House

AJOT | April 27, 2015 | International Trade

Through the Business Forward initiative, various small businesses from San Antonio involved in international trade have been invited to The White House this week for international trade policy briefings and talks. The full day event will take place Wednesday April 29, 2015. Read More »

Italy says no “Plan B” on Greece, need quick deal on bailout

Reuters | April 27, 2015 | International Trade

Italian Economy Minister Pier Carlo Padoan added to calls on Greece to come up with proposals to open the way for a deal on fresh finance from international lenders, but said policy makers were not working on a scenario for Greece leaving the euro. Read More »

No U.S.-Japan trade breakthrough expected during Abe visit

Reuters | April 26, 2015 | International Trade

The White House on Friday dashed hopes of a breakthrough on U.S.-Japan trade when President Barack Obama and Prime Minister Shinzo Abe meet in Washington next week, further delaying a major 12-nation Pacific trade pact. Read More »

Obama to Democratic trade critics: ‘I take that personally’

Reuters | April 26, 2015 | International Trade

President Barack Obama fought back against the biggest domestic obstacle to the Pacific trade pact he wants to conclude before he leaves office: the trade skeptics in his own Democratic party. Read More »

Amazon revenue beats, cloud computing more profitable than expected

Reuters | April 26, 2015 | International Trade

Amazon.com Inc's first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments. Read More »

Airbus upbeat on sales as A380 marks bitter-sweet anniversary

Reuters | April 26, 2015 | Air Cargo | International Trade

Europe's Airbus pledged to boost sales of its A380 superjumbo, as the world's largest passenger jet prepares to celebrate a bitter-sweet 10-year anniversary in the skies having booked no new airline orders since 2013. Read More »

House panel passes fast track trade bill

Reuters | April 24, 2015 | International Trade

Legislation to speed trade deals through the U.S. Congress cleared through a key committee, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama's strategic shift toward Asia. Read More »

China’s new free trade zones to hasten capital account opening

Reuters | April 23, 2015 | International Trade

China formally announced details of three more free trade zones (FTZ) this week, a move that suggests the originally Shanghai-driven initiative has now escalated to the national level, analysts say. Read More »

Swiss exports defy franc surge on US, Asia strength

Reuters | April 23, 2015 | International Trade

Swiss exports pushed higher in March despite the franc currency's sharp rise against the euro, as surging shipments to the United States, Middle East and Asia more than compensated for a drop-off in sales to the single currency bloc. Read More »

US trade bill key to Pacific pact clears Senate panel

Reuters | April 23, 2015 | International Trade

Legislation to give the White House "fast track" authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress as a committee backed the bill and sent it to the full Senate for consideration. Read More »

US lawmakers to again push currency rules for trade deals

Reuters | April 23, 2015 | International Trade

U.S. lawmakers will press again to punish currency manipulators in legislation key to closing a Pacific trade pact, despite warnings from the White House the move could derail a central plank of the administration's outreach to Asia. Read More »

Pacific pact negotiators agree trade rules for six subjects

Reuters | April 23, 2015 | International Trade

Negotiators for the Trans-Pacific Partnership have agreed trade rules for six broad categories as officials race to conclude a trade pact, a Japanese government source said. Read More »