International Trade

House panel passes fast track trade bill

Reuters | April 24, 2015 | International Trade

Legislation to speed trade deals through the U.S. Congress cleared through a key committee, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama's strategic shift toward Asia. Read More »

Obama to Democratic trade critics: ‘I take that personally’

Reuters | April 24, 2015 | International Trade

President Barack Obama fought back against the biggest domestic obstacle to the Pacific trade pact he wants to conclude before he leaves office: the trade skeptics in his own Democratic party. Read More »

Amazon revenue beats, cloud computing more profitable than expected

Reuters | April 24, 2015 | International Trade

Amazon.com Inc's first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments. Read More »

Airbus upbeat on sales as A380 marks bitter-sweet anniversary

Reuters | April 24, 2015 | Air Cargo | International Trade

Europe's Airbus pledged to boost sales of its A380 superjumbo, as the world's largest passenger jet prepares to celebrate a bitter-sweet 10-year anniversary in the skies having booked no new airline orders since 2013. Read More »

China’s new free trade zones to hasten capital account opening

Reuters | April 23, 2015 | International Trade

China formally announced details of three more free trade zones (FTZ) this week, a move that suggests the originally Shanghai-driven initiative has now escalated to the national level, analysts say. Read More »

Swiss exports defy franc surge on US, Asia strength

Reuters | April 23, 2015 | International Trade

Swiss exports pushed higher in March despite the franc currency's sharp rise against the euro, as surging shipments to the United States, Middle East and Asia more than compensated for a drop-off in sales to the single currency bloc. Read More »

US trade bill key to Pacific pact clears Senate panel

Reuters | April 23, 2015 | International Trade

Legislation to give the White House "fast track" authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress as a committee backed the bill and sent it to the full Senate for consideration. Read More »

US lawmakers to again push currency rules for trade deals

Reuters | April 23, 2015 | International Trade

U.S. lawmakers will press again to punish currency manipulators in legislation key to closing a Pacific trade pact, despite warnings from the White House the move could derail a central plank of the administration's outreach to Asia. Read More »

Pacific pact negotiators agree trade rules for six subjects

Reuters | April 23, 2015 | International Trade

Negotiators for the Trans-Pacific Partnership have agreed trade rules for six broad categories as officials race to conclude a trade pact, a Japanese government source said. Read More »

US Senate panel rejects tough currency rules for fast track

Reuters | April 23, 2015 | International Trade

A U.S. Senate panel rejected a push to beef up rules against currency manipulation in a key trade bill, avoiding a clash with the Obama administration and U.S. trade partners. Read More »

Volkswagen to get Canadian financing for US, Mexico plants

Reuters | April 23, 2015 | International Trade

German car maker Volkswagen AG will get 400 million Euros ($407 million) in trade financing from Canada to help expand its southern U.S. and Mexican operations and thereby generate business for Canadian firms, Ottawa said. Read More »

Raytheon ‘really excited’ over strength of international orders

Reuters | April 23, 2015 | International Trade

U.S. weapons maker Raytheon Co's chief financial officer said he was "really excited" about the strength of international orders, after the maker of Tomahawk and Amraam missiles reported better-than-expected quarterly sales. Read More »

Bush knocks Clinton over Asia trade talks stance

Reuters | April 23, 2015 | International Trade

Republican Jeb Bush bashed Democratic 2016 presidential contender Hillary Clinton for voicing reservations about overseas trade talks, a rare issue on which the White House enjoys support from Republicans, with many Democrats opposed. Read More »

Senate committee backs extension of aid for trade-displaced workers

Reuters | April 23, 2015 | International Trade

A committee in the U.S. Senate voted to approve aid for workers who lose their jobs due to trade, part of a package of bills key to closing a Pacific trade pact. Read More »

Hyundai may boost SUV capacity in US, China after profit dips

Reuters | April 23, 2015 | International Trade

South Korea's Hyundai Motor may boost production of sport utility vehicles in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends. Read More »

GM posts weaker-than-expected quarterly profit

Reuters | April 23, 2015 | International Trade

General Motors Co posted a weaker-than-expected quarterly profit as weakness in South America and Russia hurt demand and the company's tax rate came in higher than expected. Read More »

HondaJet flies Japan skies, but no sales landing in Asia for now

Reuters | April 23, 2015 | International Trade

Honda Motor Co flew its HondaJet business aircraft for the first time in Japan, bringing to life a dream cherished by legendary founder Soichiro Honda, but the automaker said sales of the jet in Asia remain years away. Read More »

Rebel seizure of Syrian border post hits exporters across region

Reuters | April 23, 2015 | International Trade

Syrian rebels' seizure of the main frontier crossing with Jordan has dealt a heavy blow to the Damascus government's efforts to revive a once thriving export trade crippled by civil war, and is also hurting businesses across the region. Read More »

Strong bipartisan backing for US trade authority bill in panel

Reuters | April 22, 2015 | International Trade

Legislation giving the U.S. Congress oversight of trade deals negotiated by the Obama administration will receive strong bipartisan support in the Senate Finance Committee that is writing the bill, Chairman Orrin Hatch predicted. Read More »

Japan, US sound optimistic on TPP trade pact negotiations

Reuters | April 22, 2015 | International Trade

Japan's top trade negotiator sounded an optimistic note that he could reach a deal with the United States that is essential to creating a free trade pact covering 12 countries. Read More »