International Trade

Alibaba sued in US by luxury brands over counterfeit goods

Reuters | May 18, 2015 | International Trade

A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world. Read More »

Republicans claim enough votes to pass fast-track trade bill

Reuters | May 18, 2015 | International Trade

Top Republicans predicted that both chambers of Congress would muster the votes to pass the "fast-track" authority sought by President Barack Obama to negotiate major trade deals, despite opposition from Obama's fellow Democrats. Read More »

Russian steelmakers risk losing export markets to Chinese rivals

Reuters | May 18, 2015 | International Trade

Russian steelmakers are stepping up exports to compensate for a fall in a domestic demand, but with European and U.S. protectionism fueling market competition, analysts say they risk losing sales to Chinese rivals. Read More »

Singapore April exports better than expected but US, China weakness weigh

Reuters | May 18, 2015 | International Trade

Singapore's annual exports unexpectedly rose in April from a year earlier on strong demand from Europe, but weakness in shipments to the United States and China underscored the uncertainties facing Asia's trade-reliant economies. Read More »

Export fall means 3 percent GDP growth ‘a challenge’ for Thailand

Reuters | May 18, 2015 | International Trade

An economic growth rate of three percent for Thailand this year will be a challenge, the country's central bank governor said on Friday, indicating Southeast Asia's second-largest economy would expand well below the rate forecast by the government. Read More »

South Korea exporters to China should target consumer goods

Reuters | May 18, 2015 | International Trade

South Korea's finance minister urged exporters to China to make a strategic shift to focus on consumer goods and move away from raw materials and intermediate goods, that currently account for a major part of sales to South Korea's biggest export market. Read More »

Mozart-loving chickens may answer quest for healthier nugget

Reuters | May 18, 2015 | International Trade

In barns filled with classical music and lighting that changes to match the hues outside, rows of chickens are fed a diet rich in probiotics, a regimen designed to remove the need for the drugs and chemicals that have tainted the global food chain. Read More »

Taiwan says tighter controls on Japanese food imports temporary

Reuters | May 18, 2015 | International Trade

Tighter controls imposed by Taiwan on Japanese food imports would be temporary and were aimed at uncovering the mislabeling of goods from regions hit by the 2011 Fukushima nuclear disaster, Taiwan's president. Read More »

Calendar short as U.S. Congress weighs trade, spying, roads

Reuters | May 18, 2015 | International Trade

With just five days left before a holiday break, the U.S. Congress on Monday was preparing to deal with urgent decisions on Pacific Rim trade, domestic spying rules and financing road projects. Here are major bills under debate before the 10-day Memorial Day recess: Read More »

Rolls-Royce to cut 600 jobs in marine unit as low oil price bites

Reuters | May 18, 2015 | International Trade

British engineering group Rolls-Royce said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a “broadly neutral” impact on 2015 profits. Read More »

Transportation in the South Caspian region to be addressed at a high-level Summit

AJOT | May 18, 2015 | International Trade

Transportation in the South Caspian region to be addressed at a high-level Summit in Istanbul on 28-29th July 2015 Read More »

U.S. House Republicans push two-month extension for transport projects

Reuters | May 18, 2015 | International Trade

Republicans in the U.S. Congress, unable to reach agreement on a long-term transportation funding bill in time for a May 31 deadline, on Friday introduced legislation for a two-month extension to buy more negotiating time. Read More »

Goldman Sachs cuts crude price forecasts for the next five years

Reuters | May 18, 2015 | Energy | International Trade

Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity. Read More »

China, India sign more than $22 billion in deals according to the Indian embassy

Reuters | May 18, 2015 | International Trade

China and India signed deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said on Saturday. Read More »

Dubai is the Gateway to the Wider Middle East Region

PR Newswire | May 16, 2015 | International Trade

Jafza highlights the Emirate’s status as the hub to reach the thriving region of 2.5 billion consumers at Invest in Dubai seminar Read More »

Iranian shooting at clear violation of international law

Reuters | May 14, 2015 | International Trade

The Iranian navy’s shooting at a Singapore-flagged tanker in the Gulf on Thursday is a clear violation of international law, Saudi Arabia’s foreign minister said. Read More »

US Senate backs clampdown on currency cheats ahead of key trade vote

Reuters | May 14, 2015 | International Trade

U.S. senators backed tough new rules against currency manipulation ahead of an important test vote that holds the key to completing a Pacific Rim trade deal, the backbone of the Obama administration's pivot to Asia. Read More »

US Senate poised to breathe new life into Obama’s trade agenda

Reuters | May 14, 2015 | International Trade

President Barack Obama's trade agenda, which focuses squarely on developing stronger ties with Asia, gets a shot at new life when the U.S. Senate is set to hold an important test vote on legislation to help him complete a Pacific Rim deal. Read More »

US rejects Canada’s claim that Volcker rule violates NAFTA

Reuters | May 14, 2015 | International Trade

The White House has dismissed the Canadian government's claim that a ban on some proprietary trading on Wall Street violates a free-trade agreement, saying it has the legal right to protect its financial system. Read More »

House’s Pelosi says concerned about “fast-track” bill’s time frame

Reuters | May 14, 2015 | International Trade

U.S. House of Representatives Democratic leader Nancy Pelosi said she had concerns over the duration of a bill in Congress to give President Barack Obama "fast-track" authority to negotiate trade deals. Read More »