International Trade

Asia business sentiment improves in first quarter, global worries continue to weigh

Reuters | March 19, 2014 | International Trade

Business sentiment among Asia's top companies edged up in the first quarter, as solid improvement in the Philippines and South Korea outweighed weakness in China, India and Australia amid persistent concerns over the global economy, a ThomsonReuters/INSEAD survey showed. Read More »

High-tech goods to lead trade growth over next 15 years

Reuters | March 18, 2014 | International Trade

Exports of high-tech products will grow more quickly than exports of other goods over the next 15 years as emerging Asia moves away from being a low-cost production hub for foreign brands and toward developing value-added local products, according to research from HSBC. Read More »

US, EU set sanctions as Putin recognizes Crimea “sovereignty”

Reuters | March 18, 2014 | International Trade

The United States and European Union imposed personal sanctions on Russian and Crimean officials involved in the seizure of Crimea from Ukraine as Russian President Vladimir Putin signed a decree recognizing the region as a sovereign state. Read More »

US ambassador to China says ‘level playing field’ a top goal

Reuters | March 18, 2014 | International Trade

Ensuring a "level playing field" for American businesses stands at the top of the U.S. diplomatic agenda in China, U.S. Ambassador Max Baucus said in his first public remarks since taking office. Read More »

Unease grows among US doctors over Indian drug quality

Reuters | March 18, 2014 | International Trade

Some U.S. doctors are becoming concerned about the quality of generic drugs supplied by Indian manufacturers following a flurry of recalls and import bans by the Food and Drug Administration. Read More »

3M sees sales growth in China to triple global pace

Reuters | March 18, 2014 | International Trade

Diversified manufacturer 3M Co expects its sales in China to grow three times faster than its total revenue, driven by demand for health and consumer products such as face masks and water filters, Bloomberg reported. Read More »

Caesars to make first casino foray in Asia after South Korea greenlight

Reuters | March 18, 2014 | International Trade

Caesars Entertainment Corp ooks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino - a key boost for a company that has largely missed out on the region's boom in gambling revenues. Read More »

GE, Bombardier share South Africa train deal with Chinese firms

Reuters | March 18, 2014 | Intermodal | International Trade | Ports & Terminals

South Africa's state-owned logistics company awarded General Electric, Bombardier and two Chinese firms a contract to supply over 1,000 trains, as part of a $28 billion expansion plan. Read More »

Pepsi says will try to make sure suppliers uphold land rights

Reuters | March 18, 2014 | International Trade

PepsiCo, the world's No. 3 food and beverage company, committed to take steps to stop illegal land seizures by suppliers of raw materials such as sugar and palm oil as it tries to improve social and environmental standards. Read More »

Euro zone posts smaller trade surplus in January

Reuters | March 18, 2014 | International Trade

The euro zone's trade balance swung to a much smaller than expected surplus in January compared to a year ago, data showed on Tuesday, as imports fell and exports rose only modestly. Read More »

EU to start investment pact talks with Myanmar

Reuters | March 18, 2014 | International Trade

The European Union will launch negotiations this week for an investment pact with Myanmar, the EU's top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia's final frontier markets. Read More »

Taiwan passes first stage of China trade deal

Reuters | March 18, 2014 | International Trade

A crucial trade deal between China and Taiwan has passed the first hurdle in Taiwan's parliament despite opposition party concerns about Beijing's growing influence on the Taiwanese economy, media reported. Read More »

As giant US IPO nears, Alibaba’s China e-commerce crown slips

Reuters | March 18, 2014 | International Trade

Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion. Read More »

Primark to pay $10 million more to victims of Bangladesh factory collapse

Reuters | March 18, 2014 | International Trade

British clothes retailer Primark will pay a further $10 million in compensation to victims of the collapse of a Bangladeshi factory last year that killed more than 1,100 people. Read More »

TAPA EMEA calls for greater collaboration with law enforecment agencies as cargo crimes rises

AJOT | March 18, 2014 | International Trade | Transport Intermediaries

The Transported Asset Protection Association (TAPA) is calling for greater collaboration with law enforcement agencies in Europe to combat mounting cargo crime after its 2013 annual report revealed a 66% increase in incidents recorded by the Association and average losses per crime of €235,000*. Read More »

Ivory Coast mid-crop exports at risk despite new discount offer

Reuters | March 18, 2014 | International Trade

Ivory Coast cocoa exporters said on Tuesday they will limit their purchases of mid-crop beans despite a better price discount offered by the country’s marketing board. Read More »

WCA Conference Week moves to Hong Kong

AJOT | March 18, 2014 | International Trade

The world’s largest freight forwarding event has moved to a new venue in Hong Kong, following the postponement of the conference that was due to be staged in Bangkok in March. Read More »

June price rises on utility-led buying

Reuters | March 17, 2014 | International Trade

Prices of physical coal for delivery in Europe in June rose on Monday, lifted by utilities filling residual demand in spite of high terminal stockpiles. Read More »

In doubling yuan trading band, China aggravates foreign investor concerns

AJOT Administrator | March 17, 2014 | International Trade

The Chinese central bank's decision to relax its grip on the yuan has been welcomed as a sign of financial liberalization, but it is aggravating concerns among foreign executives and investors about their exposure to China in the near term. Read More »

China may make the weather despite Fed and Ukraine

Reuters | March 17, 2014 | International Trade

A U.S. Federal Reserve meeting and Western sanctions on Russia will give financial markets plenty of pause for thought in the week to come but it could be China that sets the economic weather. Read More »