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Russia mulls lawsuit against US in WTO over sanctions

Reuters | April 17, 2014 | International Trade

Russia is looking at the possibility of filing a lawsuit against the United States in the World Trade Organization over sanctions hitting Russian banks, Economy Minister Alexei Ulyukayev said, according to Russian news agencies. Read More »

Small is beautiful for Coca-Cola as volumes soar in China

Reuters | April 17, 2014 | International Trade

Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy. Read More »

Fuji Heavy plans factory to make Boeing 777X wing boxes

Reuters | April 17, 2014 | International Trade

Japan's Fuji Heavy Industries Ltd plans to open a plant as early as next year to build wing boxes for Boeing Co's 777X passenger jet, the Nikkei reported. Read More »

German, Japanese carmakers cash in on Korea-US trade deal

Reuters | April 17, 2014 | International Trade

Japanese and German automakers are benefiting more than their U.S. peers from a free trade deal between Washington and Seoul, according to import figures suggesting U.S. brands are not reaping the rewards they may have expected from the pact. Read More »

Obama, Abe to battle negative images at US-Japan summit

Reuters | April 17, 2014 | International Trade

When U.S. President Barack Obama meets Japanese Prime Minister Shinzo Abe at a summit next week, they will be battling negative undercurrents that could undermine their message that Asia's most important security alliance is firm. Read More »

China rejections of GMO US corn cost up to $2.9 billion

Reuters | April 17, 2014 | International Trade

China's rejections of a banned variety of genetically modified U.S. corn have cost the U.S. agriculture industry up to $2.9 billion, a grain group said on Wednesday in the first estimate on losses from the trade disruptions. Read More »

China denies US warning of undervalued currency

Reuters | April 17, 2014 | International Trade

China rejected a warning from the Obama administration that its currency was too weak, urging the United States to recognise that China aims to "perfect and regulate" the exchange rate system. Read More »

Ford’s Lincoln brand to debut in China with stores in seven cities

Reuters | April 17, 2014 | International Trade

Ford Motor Co's premium brand Lincoln may be late to China's luxury boom, but its top executives say the upscale car market still has plenty of steam left for growth to make its debut later this year worthwhile. Read More »

Booming demand pushes Florida to limit sea cucumber harvest

Reuters | April 17, 2014 | International Trade

Florida is capping the number of sea cucumbers that fisherman can pull from state waters after booming Asian demand led to four times as many being harvested in 2013 compared to previous years. Read More »

Euro zone’s trade surplus widens on rising exports in February

Reuters | April 17, 2014 | International Trade

The euro zone's trade surplus widened in February from a year earlier on rising exports with imports unchanged, the European Union's statistics office Eurostat said. Read More »

EU agrees to expand Russia sanctions, may hold emergency summit on Ukraine

Reuters | April 17, 2014 | International Trade

The European Union agreed to step up sanctions against Russia over Ukraine by expanding a list of people targeted with asset freezes and visa bans, and said the bloc could hold an emergency summit next week to adopt further measures. Read More »

Massive China shoe factory strike rolls on as offer falls flat

Reuters | April 17, 2014 | International Trade

Thousands of workers at a giant Chinese shoe factory shrugged off an offer for improved social benefits, prolonging one of the largest strikes in China in recent years amid signs of increased labor activism as the economy slows. Read More »

After Japan beef deal, Australia eyes cattle sales to China

Reuters | April 17, 2014 | International Trade

Hot on the back of winning lower tariffs for beef exports from its largest buyer Japan, Australia is setting its sights on winning another major prize for its beef industry by persuading China to open its market to live cattle sales. Read More »

Rising wages squeeze Bangladesh garment makers as factories await upgrades

Reuters | April 17, 2014 | International Trade

Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year's Rana Plaza disaster. Read More »

China to appeal WTO rare earth ruling

Reuters | April 17, 2014 | International Trade

China said it would appeal against a World Trade Organization (WTO) ruling that found it violated global trade rules with its export limits on rare earth minerals used in defense and technology products. Read More »

India’s cotton exports hit as China shifts policy

Reuters | April 17, 2014 | International Trade

Indian raw cotton exports are expected to plummet around 20 percent in the next crop year, with demand from China fading as Beijing unwinds a controversial stockpiling scheme. Read More »

World trade picture improves but 2014 still below trend

Reuters | April 17, 2014 | International Trade

The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 percent, saying it did not expect a return to the historical trend level of 5.3 percent until 2015. Read More »

CIMC Intelligent Technology Co. and Globe Tracker International ApS announce wireless tracking

AJOT | April 17, 2014 | Ports & Terminals

CIMC Intelligent Technology Company, Ltd, a subsidiary of China International Marine Container Company, Ltd, ranked No. 1 worldwide since 1996 for production and sales of transportation equipment, such as marine containers, road transport vehicles and airport ground-handling equipment, has announced that it will create a CIMC Asian Tracking, Monitoring, Remote Management and Trade Data Sharing Showcase at the Port of Shenzhen in collaboration with Globe Tracker International, ApS, a leader in global “end-to-end” supply chain visibility solutions. Read More »

Retailers urge expedited contract negotiations at West Coast ports

AJOT | April 17, 2014 | Ports & Terminals

The National Retail Federation has urged maritime management and the union representing dockworkers along the U.S. West Coast ports to expedite pending contract negotiations and reach agreement on a new deal well in advance of the expiration of the current contract this summer. NRF believes expedited negotiations would strengthen the supply chain and provide shippers and retailers the certainty they need to utilize the West Coast ports during the holiday shipping period, which begins in July. Read More »

Crashes in crucial US crude waterway fall to 10-year low

Reuters | April 17, 2014 | Ports & Terminals

Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show, suggesting that better training and equipment are helping avert spills like one in March. Read More »

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