International Trade

IKEA sees consumer recovery worldwide, posts record profit

Reuters | January 28, 2014 | International Trade

Retailers have been struggling particularly in Europe, where IKEA generates nearly 70 percent of its sales, as the global economic downturn and austerity measures hurt consumer sentiment and spending power in many markets. Read More »

Innovative Portuguese exporters boom despite bust at home

Reuters | January 28, 2014 | International Trade

From the rattle of weaving looms and footwear stitching machines in northern Portugal to the rumble of trucks shipping high-quality paper across the eastern frontier, the nation's export firms are buzzing with activity despite three years of economic crisis at home. Read More »

Honda becomes first Japan automaker to be net exporter from US

Reuters | January 28, 2014 | International Trade

Honda Motor Co last year exported more cars out of the United States than it imported into the country, claiming a first among major Japanese automakers. Read More »

Oshkosh posts high-than-expected profit, raises outlook

Reuters | January 28, 2014 | International Trade

Oshkosh Corp posted higher-than-expected quarterly profit on Tuesday and raised its full-year outlook, as strong sales of its aerial access equipment to the construction industry offset a sharp decline in sales of tactical vehicles to the defense industry. Read More »

What emerging market meltdown? Caterpillar more worried about Europe

Reuters | January 27, 2014 | International Trade

Caterpillar Inc said it remained upbeat about the outlook for China, even as concerns about the world's second-largest economy and other developing countries triggered another sharp selloff in global financial markets. Read More »

Foxconn eyes factories in US, Indonesia in ambitious growth plans

Reuters | January 27, 2014 | International Trade

Taiwan's Foxconn Technology Group, the major supplier of Apple Inc's iPhone and iPad products, said it's considering expanding manufacturing to the United States in a move that could open up new prospects for business with Apple. Read More »

China says US should stop new dumping probe on solar products

Reuters | January 27, 2014 | International Trade

China's commerce ministry called on the United States to stop anti-dumping investigations into imports of solar power products from China, expressing "serious concern" and vowing to defend its producers. Read More »

Ford to unveil new compact car concept at Indian auto show

Reuters | January 27, 2014 | International Trade

The concept car will provide a glimpse into the kind of vehicle that Ford expects to play an important role in the Asia Pacific region, set to account for nearly a third of the company's global sales volume by mid-decade, it said. Read More »

Russia’s Megafon signs new iPhone deal with Apple

Reuters | January 27, 2014 | International Trade

Russia's second-biggest mobile phone operator, Megafon, said it had signed a direct contract with Apple Inc and resumed selling iPhones after a four-year break. Read More »

Boeing says Dreamliner reliability better but ‘not satisfactory’

Reuters | January 27, 2014 | International Trade

The reliability of Boeing's pioneering 787 Dreamliner jet is improving but is still not satisfactory, the planemaker's top official in charge of keeping the jet flying said. Read More »

Mexico December factory exports slip, point to weak recovery

Reuters | January 27, 2014 | International Trade

Mexican factory exports dipped in December in a sign of wavering U.S. appetite for local goods that could undermine an economic recovery, while a drop in consumer imports pointed to weaker domestic demand. Read More »

China’s top diplomat wants free-trade deal with Europe

Reuters | January 27, 2014 | International Trade

"There are bright prospects for China-EU business cooperation," Chinese State Councillor Yang Jiechi told reporters after meeting EU foreign policy chief Catherine Ashton ahead a visit to Brussels by President Xi Jinping in March. Read More »

No yen dividend yet as Japan posts record 2013 trade deficit

Reuters | January 27, 2014 | International Trade

Japan's trade deficit widened sharply to a record in 2013 as import costs outpaced export receipts due to a weaker yen and higher fuel bills, and the third straight annual shortfall was a reminder of the challenge facing Prime Minister Shinzo Abe. Read More »

Australian grains competition heats up as GrainCorp rivals circle

Reuters | January 27, 2014 | International Trade

Still rattled by the veto of a A$2.8 billion ($2.5 billion) takeover by Archer Daniel Midland, Australian grains handler GrainCorp is facing aggressive competition that could cut costs for farmers but hit earnings at the country’s biggest listed agribusiness. Read More »

Cuba to host Latin American summit; U.S. notably absent

Reuters | January 27, 2014 | International Trade

Latin American and Caribbean leaders converge on Cuba this week to discuss trade, peace and human rights in a further sign of regional eagerness to challenge the dominance of the United States. Read More »

JPMorgan backs UK’s EU membership as good for trade

Reuters | January 24, 2014 | International Trade

JPMorgan Chase & Co said in a submission to the UK Treasury that the country will get what it wants on cross-border rules if it negotiates as part of the European Union, the Financial Times reported. Read More »

Singapore’s firm output, weak exports may flag build-up in inventories

Reuters | January 24, 2014 | International Trade

Singapore's factories may be in for a rougher ride this year if manufacturers ramped up output in anticipation of a pick-up in global demand, and caused stocks to swell. Read More »

Indonesia’s mining exports at standstill after new rules

Reuters | January 24, 2014 | International Trade

Indonesia's metal ore and concentrate exports have ground to a complete halt, government officials said, signaling the turmoil in the mining sector after a ban on ore shipments and an export tax were imposed nearly two weeks ago. Read More »

US probes new dumping complaints on China solar products

Reuters | January 24, 2014 | International Trade

U.S. trade officials opened investigations into imports of certain solar power products from China and Taiwan, a move that could have a major impact on the nation's fast-growing solar market. Read More »

Tesla China chief unveils aggressive growth plan for China

Reuters | January 24, 2014 | International Trade

U.S. electric carmaker Tesla Motors Inc expects its China sales to contribute one third of global sales growth this year, a senior executive said, adding that a trademark issue stalling full-entry into China had been resolved. Read More »