International Trade

AirBridgeCargo Airlines takes delivery of fifth Boeing 747-8F

AJOT | January 09, 2014 | Air Cargo | International Trade

Boeing and AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia’s largest cargo airline, recently celebrated the delivery of the airline’s fifth brand new 747-8 Freighter. Read More »

Brazil promises to ease soy truck chaos at Santos port

Reuters | January 08, 2014 | International Trade

Authorities in Brazil’s Sao Paulo state on Wednesday said better enforcement would ease the chaotic truck lines seen outside Santos port last year when another record soybean harvest arrives in the coming months. Read More »

Argentina slaps tax pre-payment rule on some grains companies

Reuters | January 08, 2014 | International Trade

Argentina has introduced a withholding tax on export companies that avoid paying taxes on shipments to certain countries by first shipping the grain to countries with more favorable tax treatment. Read More »

China to let foreign telcos offer some services from Shanghai zone

Reuters | January 08, 2014 | International Trade

China will allow foreign investment in seven telecoms value-added services in the Shanghai Free Trade Zone, with full foreign ownership permitted in five of the services, the official Xinhua news agency reported. Read More »

German exports rise for fourth month in a row in November

Reuters | January 08, 2014 | International Trade

German exports rose for the fourth consecutive month in November and industrial orders surged more than expected - mostly based on overseas demand - in a sign that Europe's largest economy is benefiting from a nascent global upturn. Read More »

America to Europe: Stronger banking union would help boost growth

Reuters | January 08, 2014 | International Trade

The United States has a message for Europe: If you want to help your ailing economy, consider pledging taxpayer money from across the euro zone to help troubled banks. Read More »

Weak imports drive US trade deficit to four-year lows

Reuters | January 08, 2014 | International Trade

The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices held down the import bill, the latest evidence of strengthening economic fundamentals. Read More »

SpiceJet orders Boeing jets worth over $4 billion

Reuters | January 08, 2014 | Air Cargo | International Trade

Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said. Read More »

Renewed gov’t scrutiny puts Drummond’s Colombia coal ops in doubt

Reuters | January 08, 2014 | International Trade

Colombia mounted pressure on U.S.-based coal miner Drummond Co Inc on Wednesday as the company, the Latin American country’s No. 2 coal producer, continues the outlawed practice of loading ships by crane. The government was due to speak on the issue later in the day. Read More »

Callinex Acquires New Mineral Property in Manitoba

PR Newswire | January 08, 2014 | International Trade

The land package was acquired by way of staking. The company has applied for, and expects to be awarded, an additional 17,500 hectares of adjacent MELs. Read More »

Last year’s beans inflate record start to Ivorian cocoa harvest

Reuters | January 08, 2014 | International Trade

Large cocoa bean stocks held over by merchants from last season have inflated port arrivals in Ivory Coast and led to a record start to the 2013/14 harvest, exporters said, but production is likely to drop off significantly this month. Read More »

China relaxes GMO checks on US distiller grain imports

Reuters | January 08, 2014 | International Trade

Chinese quarantine authorities have sped up testing on imports of distiller’s dried grains, suggesting they have relaxed checks on the corn by-product since rejecting some U.S. cargoes for being tainted with an unapproved GMO strain, traders said. Read More »

U.S. delegation in China seeking to resolve GMO corn dispute

Reuters | January 07, 2014 | International Trade

A U.S. Grains Council delegation traveled to China this week aiming to resolve a dispute over a genetically modified corn variety that has triggered Chinese rejection of numerous shipments. Read More »

Brazil auto sales fall for 1st time in decade, rebound looks weak

Reuters | January 07, 2014 | International Trade

Motor vehicle sales in Brazil are likely to stage a feeble recovery in 2014 from their first annual drop in a decade, an industry group said on Tuesday, as tighter credit and higher taxes stifle the world's fourth-largest car market. Read More »

US trade deficit smallest in four years; imports weak

Reuters | January 07, 2014 | International Trade

The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices restrained import growth, the latest evidence of strengthening economic fundamentals. Read More »

US urges Europe to take more action on bank backstops

Reuters | January 07, 2014 | International Trade

The United States would like to see Europe do more to build up its backstops and bank capital, U.S. Treasury Secretary Jack Lew said in Paris, insisting it would be good for the European economy. Read More »

“Boss-napping” returns in France as unionists lock up Goodyear executives

Reuters | January 07, 2014 | International Trade

French trade unionists held two executives overnight at the country's Goodyear tyre plant - a flashpoint for France's troubled industrial relations - to demand higher pay-outs for more than a thousand planned layoffs. Read More »

Indonesia mineral export ban uncertainty starts to bite

Reuters | January 07, 2014 | International Trade

Indonesia's planned mineral export ban - a policy designed to force miners to process their ores domestically - is sending shudders through the economy, with a Singapore-owned nickel miner suspending operations ahead of the Jan. 12 ban. Read More »

Chile port strike blocks some of Codelco’s copper exports

Reuters | January 07, 2014 | International Trade

A Chilean port strike has blocked some of world No. 1 copper miner Codelco’s copper exports and has sliced $130 million off the miner’s December income, the company said on Tuesday. Read More »

Berlin supermarkets discover banana boxes stuffed with cocaine

Reuters | January 07, 2014 | International Trade

Boxes filled with bananas and cocaine were delivered to five Berlin supermarkets in what police on Tuesday called a “logistical error” by drug smugglers. Read More »