International Trade

PepsiCo says to invest $5.5 billion in India by 2020

Reuters | November 11, 2013 | International Trade

PepsiCo Inc, the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, plans to invest $5.5 billion in India by 2020 to expand its presence in the country, it said. Read More »

Air India Dreamliners to get software upgrade starting December

Reuters | November 11, 2013 | Air Cargo | International Trade

Air India Ltd plans to upgrade the software in all its 10 Boeing 787 Dreamliner jets from December, saying that the process will not lead to the planes being grounded for long. Read More »

Asian Logistics & Maritime Conference Attracts Global Audience

AJOT | November 11, 2013 | International Trade

Some 1,500 Logistics Providers, Users Take Part in Third Edition Read More »

German trade surplus hits record high in September

Reuters | November 08, 2013 | International Trade

Germany's trade surplus rose to a record high in September as exports climbed across the board, data showed, at a time when Europe's largest economy has come under fire for relying too heavily on foreign trade. Read More »

China exports another sign of pick-up as leaders meet

Reuters | November 08, 2013 | International Trade

A stronger-than-expected rebound in China's exports in October added to a run of indicators suggesting the world's second-largest economy has found its footing just as Beijing prepares to lay out its reform agenda for the next decade. Read More »

Washington state takes steps to nail down Boeing 777X contract

Reuters | November 08, 2013 | International Trade

The Washington state legislature met in a special session to consider tax breaks aimed at ensuring Boeing Co builds its newest jet, the 777X, in the Seattle area. Read More »

Coca-Cola says to invest over $4 billion in China in 2015-2017

Reuters | November 08, 2013 | International Trade

The Coca-Cola Co said it will invest over $4 billion in China and build new plants between 2015 and 2017, to counter competition which is chipping away at its share of the country's 421 billion yuan ($69.12 billion) soft drinks market. Read More »

McDonald’s October same-restaurant sales miss as Japan drags

Reuters | November 08, 2013 | International Trade

McDonald's Corp reported lower-than-expected comparable-restaurant sales for October as sales fell in Japan and remained weak in the United States. Read More »

Tanzania says partners risk weakening east Africa bloc

Reuters | November 08, 2013 | International Trade

Tanzania's president said that Kenya, Uganda and Rwanda risked weakening the East African Community by seeking closer unity without the agreement of all five members, weighing in on a row that has exposed rivalries in the economic bloc. Read More »

Surging Gulf Arab car sales underline consumer boom

Reuters | November 07, 2013 | International Trade

A surge in passenger car sales across most Gulf Arab countries underlines the momentum behind the region's consumer spending boom, and sales are likely to continue rising strongly for at least a few years, automobile sector executives said. Read More »

Extra EU aid comes too late for French meat sector slump

Reuters | November 07, 2013 | International Trade

France's aim to point almost one billion euros in European subsidies at struggling livestock farmers will do little to heal its ailing meat processing sector, with cheaper competitors already eroding its market share. Read More »

Taiwan exports slide again in October, off 1.5% y/y

Reuters | November 07, 2013 | International Trade

Taiwan's exports fell more than expected in October, as declines in shipments to China and the United States kept the island's export machine sputtering, highlighting erratic global demand. Read More »

GM’s Tavera SUV recall to be overseen by India government panel

Reuters | November 07, 2013 | International Trade

General Motors Co's recall of 114,000 Chevrolet Tavera sport-utility vehicles in India will be overseen by a government panel, the Ministry of Road Transport and Highways said. Read More »

ArcelorMittal still interested in ThyssenKrupp’s US plant

Reuters | November 07, 2013 | International Trade

ArcelorMittal, the world's largest steelmaker, remains interested in the steel rolling mill in Alabama that ThyssenKrupp is seeking to sell. Read More »

Adidas says soccer, running to help it beat Nike in Europe

Reuters | November 07, 2013 | International Trade

Adidas forecast a $2.7 billion boost to sales from next year's soccer World Cup would help it over a tough 2013, and said it would fend off rival Nike in hotly-contested European markets with innovative running gear. Read More »

Manchester Farms Partner Acquires Company

PR Newswire | November 06, 2013 | International Trade

Manchester Farms, a leading producer of high quality food products, announced today that Brittney Miller has completed the acquisition for full ownership of the company. Read More »

Indonesia’s Q3 growth weakest in 4 years, rates seen on hold

Reuters | November 06, 2013 | International Trade

Indonesia's economy grew at its slowest in nearly four years in the third quarter, as weak exports risk leaving its trade balance in deficit and the rupiah vulnerable to further falls. Read More »

Ford says October China auto sales up 55% year-on-year

Reuters | November 06, 2013 | International Trade

Ford Motor Co and its local partners in China sold a total 93,969 vehicles on a wholesale basis in October, an increase of 55% from a year earlier, the company said. Read More »

Former WTO Chief Economist Calls for New Global Trade Measurements

AJOT | November 06, 2013 | International Trade

International trade needs a new measuring stick that better reflects global inter-dependence and technological content, according to Dr Patrick Low, Vice President of Research at the Fung Global Institute. The former Chief Economist with the World Trade Organisation (WTO) was interviewed by the HKTDC. Read More »

Faroe Islands launch WTO dispute over EU fishing restrictions

Reuters | November 05, 2013 | International Trade

The Faroe islands launched a trade dispute at the World Trade Organization to challenge a European Union ban on imports of Faroese herring and mackerel and restrictions on Faroese vessels entering EU ports. Read More »