International Trade

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 »

Libya’s El Sharara oilfield output climbs, western pipeline reopens

Reuters | January 07, 2014 | International Trade

Output at Libya’s El-Sharara oilfield rose more on Tuesday to over two thirds of full capacity and a pipeline shipping condensate - very light crude - to a western port reopened, marking progress in government efforts to rebuild vital exports. Read More »

Retreating US stimulus poses risk to world recovery

Reuters | January 06, 2014 | International Trade

The world economy should finally overcome its hangover from the global financial crisis this year as growth picks up and house prices rise, but reduced U.S. monetary stimulus will pose a challenge. Read More »

China rejects more US corn due to GMO

Reuters | January 06, 2014 | International Trade

China's quality watchdog has turned away more corn cargoes from the United States due to the discovery of a genetically-modified strain not approved by Beijing and further rejections are likely, traders said. Read More »

Ford revs up in China, roars past Toyota and Honda

Reuters | January 06, 2014 | International Trade

Ford Motor Co. and its local partners boosted sales in China by nearly 50 percent last year, nudging past Japanese giants Toyota Motor Corp. and Honda Motor Co. to make big inroads into the world's largest auto market. Read More »