International Trade

Wal-Mart’s China syndrome a symptom of international woes

Reuters | February 21, 2014 | International Trade

Wal-Mart Stores Inc, famed for its low prices, has stumbled in the one major market where consumers say price is less of a driver in their buying decisions: China. Read More »

In Asia, WhatsApp posts mixed message for Facebook

Reuters | February 21, 2014 | International Trade

WhatsApp may be hugely popular but its forays into Asia, the world's biggest mobile market, have had mixed success, raising questions about whether it can sustain the explosive growth Facebook Inc cited to justify its $19 billion price tag. Read More »

China auto lobby, policymakers collide over foreign investment

Reuters | February 21, 2014 | International Trade

China's auto lobby has urged Beijing to support local carmakers after the regulator said it was considering further opening up the market to outside investment amid a deepening row between policymakers and state-owned car firms. Read More »

Brazil posts record current account deficit in January

Reuters | February 21, 2014 | International Trade

Brazil January's current account deficit was the biggest ever posted, central bank data showed, the latest evidence of the rapid deterioration of its balance of payments as Brazilians continue to spend heavily on imports and trips abroad. Read More »

‘Three Amigos’ look to reduce trade frictions, Keystone nags

Reuters | February 20, 2014 | International Trade

U.S. President Barack Obama and his Canadian and Mexican counterparts discussed ways to reduce any trade frictions at a summit in central Mexico, but clear divisions remained over the Keystone XL oil pipeline project. Read More »

Boeing says South Carolina carbon fiber plant will support 787

Reuters | February 20, 2014 | International Trade

A plan by Japan's Toray Industries Inc to build a $1 billion carbon fiber manufacturing plant in South Carolina is among the "proactive efforts" to support Boeing Co's drive to ramp up its production of 787 Dreamliners, Boeing said. Read More »

Have a cigar: Cuba and Europe to write a business plan

Reuters | February 20, 2014 | International Trade

It all happened one hot January day last year at an EU-Latin America summit in Chile. Castro cheerily waved alongside European Commission President Jose Manuel Barroso for the official group picture and then, as the photo gathering broke up, German Chancellor Angela Merkel shook his hand. Read More »

Puma seeks to source goods closer to Western consumers

Reuters | February 20, 2014 | International Trade

German sportswear firm Puma SE is looking to produce more goods closer to customers in Europe and the Americas, but will not abandon Asia in the next few years despite rising labor costs and political unrest, its chief executive said. Read More »

Germany’s surplus not harming euro zone

Reuters | February 20, 2014 | International Trade

Germany's persistently high current account surplus is not putting the euro zone economy at risk, the chairman of euro zone finance ministers said, dismissing U.S. concerns. Read More »

Japan may take Indonesia to WTO over mineral export ban

Reuters | February 20, 2014 | International Trade

The Japanese government is set to seek talks with Indonesia through the WTO this month, the report said, without citing sources. If the issue was not resolved, Japan would request that a panel be appointed to look into the case, it added. Read More »

Taiwan January export orders shrink as China, US demand falls

Reuters | February 20, 2014 | International Trade

Taiwan's export orders surprisingly shrank in January, as a lull after the 2013 year-end holidays dampened demand in its key markets, raising concerns for its high-tech manufacturers. Read More »

Record Japan trade deficit highlights risk of economic stumble

Reuters | February 20, 2014 | International Trade

Japan suffered a record trade deficit in January as growth in exports spurred by a weak yen was far outstripped by a surge in import costs, raising fresh doubts about Prime Minister Shinzo Abe's strategy to spark an economic revival. Read More »

Ukraine violence halts commodities deals and inflates prices

Reuters | February 20, 2014 | International Trade

“Soft commodities companies have been asking about when they can get more financing but in the short term banks are taking a wait-and-see approach. The worrying thing might be if the EU come up with sanctions.” Read More »

Have a cigar: Cuba and Europe to write a business plan

Reuters | February 20, 2014 | International Trade

Eleven months before Barack Obama’s historic handshake with Raul Castro, Europe staged its own show of friendliness with Cuba. While little noticed, this gesture may end up doing far more to end the communist island’s isolation. Read More »

US to boost network of advisers on trade negotiations

Reuters | February 19, 2014 | International Trade

The United States will boost its network of trade advisers to give a stronger voice to public health, development and consumer safety experts, U.S. Trade Representative Michael Froman said. Read More »

Obama to sign order seeking to speed up export approvals

Reuters | February 19, 2014 | International Trade

The order, to be signed on Air Force One as Obama flies to Mexico to meet the Mexican and Canadian leaders, is the latest example of Obama using executive authority to act on his own where he can without needing congressional approval. Read More »

EU trade chief says US tariff offer falls short in talks

Reuters | February 19, 2014 | International Trade

The United States will need to improve its offer on cutting tariffs on European manufactured and farm goods as part of negotiations on a U.S.-European Union trade pact, EU Trade Commissioner Karel De Gucht said. Read More »

China accuses Qualcomm of overcharging, abusing dominance

Reuters | February 19, 2014 | International Trade

China's anti-monopoly regulator said Qualcomm Inc. was suspected of overcharging and abusing its market position, allegations which could see the U.S. chip giant hit with record fines of more than $1 billion. Read More »

Herbalife raises forecast as China drives fourth-quarter sales

Reuters | February 19, 2014 | International Trade

Herbalife Ltd, the nutrition products company accused by billionaire investor William Ackman of being a pyramid scheme, raised its forecast for the first quarter of 2014 on strong sales growth in China. Read More »

India’s Bajaj to deepen Kawasaki, KTM partnerships to lift exports

Reuters | February 19, 2014 | International Trade

Indian motorcycle maker Bajaj Auto is building on its partnerships with Japan's Kawasaki Heavy Industries Ltd and Austria's KTM AG as it looks to increase exports of its bikes to fuel growth. Read More »