International Trade

Global logistics exec urges industry not to let ‘good crisis go to waste’

Paul Scott Abbott | March 31, 2015 | International Trade

Opening the Georgia Logistics Summit, the top supply chain executive of a major food products marketer says the recent West Coast port congestion crisis provides an opportunity for improvement that should not be missed. Read More »

India’s February infrastructure output growth dips to 4-month low of 1.4%

Reuters | March 31, 2015 | International Trade

India’s annual infrastructure output growth slowed to a four-month low of 1.4 percent in February, mainly dragged down by a contraction in the production of steel, fertilisers and refinery products, government data showed on Tuesday. Read More »

Kion, Mitsubishi in talks to buy UniCarriers

Reuters | March 31, 2015 | International Trade

Germany’s Kion and Mitsubishi Heavy Industries are in talks to buy Japanese forklift truck maker UniCarriers for up to 100 billion yen ($833 million), a source familiar with the matter said, confirming a Nikkei report. Read More »

Templeton’s Mobius says Greece to stay in euro, shares are cheap

Reuters | March 31, 2015 | International Trade

Veteran investor Mark Mobius of Templeton’s emerging markets Investment Trust told Greek financial daily Naftemporiki on Tuesday that Greece’s stock market was cheap and that the country would remain in the single currency club. Read More »

Syria taps world wheat market as stocks run down

Reuters | March 30, 2015 | International Trade

Weeks after Syria said it had no need for wheat imports, the government plans to import 150,000 tonnes and has introduced ways to conserve grain stocks in signs of the growing strain on food supplies from conflict in the country. Read More »

China will support overseas bond issues by local firms to fund “One belt, One road” projects

Reuters | March 30, 2015 | International Trade

China will encourage Chinese companies to issue bonds overseas to fund projects for the “One belt, One road” initiative, a plan to boost connectivity across Asia for which it has created a $40 billion fund, according to a framework agreement released on Saturday. Read More »

Austrian finance minister sees crisis of confidence in Greece

Reuters | March 29, 2015 | International Trade

Greece’s international partners have lost trust in Greece, Austrian Finance Minister Hans Joerg Schelling said on Friday, underscoring that Athens needs to stick to conditions of its current rescue and saying a fresh debt haircut would do no good. Read More »

Apple plans China iPhone trade-in program with Foxconn

Reuters | March 26, 2015 | International Trade

Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort. Read More »

Schlumberger pleads guilty to violating US sanctions on Iran, Sudan

Reuters | March 26, 2015 | International Trade

The U.S. Justice Department said that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine. Read More »

SuperGroup buys out US license

Reuters | March 26, 2015 | International Trade

SuperGroup, the British company behind the Superdry fashion brand, has gained the exclusive rights to distribute its products in the U.S., Canada and Mexico, terminating the existing U.S. license by paying 22.3 million pounds ($33 million). Read More »

US questions China at WTO on banking technology restrictions

Reuters | March 26, 2015 | International Trade

The United States is concerned about China's restrictions on the use of foreign information technology equipment by the banking sector, according to a filing published by the World Trade Organization. Read More »

Ford to triple exports from India with new $1 billion plant

Reuters | March 26, 2015 | International Trade

Ford Motor Co plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad. Read More »

EU antitrust regulators to investigate ecommerce

Reuters | March 26, 2015 | International Trade

European Union regulators plan a year-long investigation into ecommerce to help remove barriers to cross-border trade in the 28-nation bloc, the EU's antitrust chief said. Read More »

Leaked Pacific trade pact draft shows investment carve-outs sought

Reuters | March 26, 2015 | International Trade

Australia's medicine subsidies, Canadian films and culture plus capital controls in Chile would be carved out from investment protection rules being negotiated in a Pacific trade pact, according to a draft text released by Wikileaks. Read More »

Half of China’s total trade to be settled in yuan by 2020

Reuters | March 26, 2015 | International Trade

Cross-border trade settlement denominated in China's yuan currency is expected to climb to over 50 percent of China's total trade by 2020, more than doubling the current level, Stuart Gulliver, HSBC's Group Chief Executive, said. Read More »

Another US ally, South Korea, seeks to join China-backed AIIB

Reuters | March 26, 2015 | International Trade

South Korea said it has decided to seek to be a founding member of the Asian Infrastructure Investment Bank (AIIB), another key U.S. ally joining the China-led institution despite Washington's misgivings. Read More »

China set to topple Germany as top UK pork importer

Reuters | March 26, 2015 | International Trade

China's love for all things pork could soon make the country the top importer of British pork, dethroning Germany, just four years after it opened its doors to pork imports from the UK. Read More »

Adidas to shift some production from Asia in quest for speed

Reuters | March 26, 2015 | International Trade

Adidas plans to speed up production and allow shoppers to customize more shoes and clothes, aiming to accelerate sales and profit growth over the next five years. Read More »

Hainan Airlines to buy 30 Boeing 787-9 jets, worth $7.7 billion by list price

Reuters | March 26, 2015 | Air Cargo | International Trade

Hainan Airlines Co Ltd, China's fourth-largest carrier, said it plans to order 30 Boeing Co B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China. Read More »

East African leaders woo investors for infrastructure plan

Reuters | March 26, 2015 | International Trade

The leaders of five East African countries went on a charm offensive on Thursday to lure investors for a massive plan to upgrade infrastructure in the region that has made big hydrocarbon discoveries. Read More »