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New $480 million solar power project planned for Myanmar

Reuters | August 28, 2014 | International Trade

U.S. investors will help finance a $480 million solar power project in Myanmar's northeastern Mandalay region, which will ultimately provide up to 12 percent of the country's power generation, the U.S. Trade Representative and an investment manager said. Read More »

US second-quarter growth much stronger; jobless claims fall again

Reuters | August 28, 2014 | International Trade

The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses. Read More »

US drops planned duties on specialized steel from Japan, Germany

Reuters | August 28, 2014 | International Trade

The United States will not go ahead with planned import duties on specialized steel from Japan, Germany and Poland after the U.S. International Trade Commission found the imports were not harming local industry. Read More »

Helaba, BNY Mellon team up for German companies’ Asian push

Reuters | August 28, 2014 | International Trade

Helaba, the German landesbank, has unveiled a joint venture with U.S. banking group BNY Mellon and the country's 25 largest savings banks to help corporate customers to expand foreign trade with Asia. Read More »

Moscow courts back closure of three McDonald’s branches

Reuters | August 28, 2014 | International Trade

Russian courts backed the temporary closure of three McDonald's restaurants in Moscow for breaches of sanitary rules, amid a standoff with the West over Ukraine, while the state food safety watchdog suspended work at a fourth. Read More »

Qualcomm may face EU antitrust probe

Reuters | August 28, 2014 | International Trade

Qualcomm, the world's No. 1 mobile chipmaker, may face a European investigation related to a four-year-old complaint from a subsidiary of rival Nvidia Corp, three people familiar with the matter said. Read More »

US readies duties on Mexican sugar, prices tipped to rise

Reuters | August 28, 2014 | International Trade

The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies. Read More »

Microsoft CEO Nadella to visit China amid antitrust probe

Reuters | August 28, 2014 | International Trade

Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said, as the Chinese government conducts an antitrust investigation into the world's largest software company. Read More »

Acteon Group standardizes on Amber Road for restricted party screening

AJOT | August 28, 2014 | International Trade

Amber Road, a leading provider of global trade management solutions (GTM), today announced that the Acteon Group, a leading global integrated subsea services provider, has chosen Amber Road to automate and standardize restricted party screening across all of its worldwide branded services. Read More »

Foreign-Trade Zone imports and exports continued to set new records in 2013

AJOT | August 28, 2014 | International Trade

The value of exports from America's Foreign-Trade Zones (FTZs) increased by 13.7 percent in 2013, to a record-high $79.5 billion in merchandise exported, according to figures released by the U.S. Foreign-Trade Zones Board in its Annual Report to Congress. Read More »

Mauritius trade deficit narrows 6% in H1 2014

Reuters | August 28, 2014 | International Trade

Mauritius' trade deficit narrowed by 6 percent to 32.26 billion rupees ($1.05 billion dollar) during the first half of 2014 on the back of higher exports, official data showed. Read More »

South Korea’s Kia to build vehicle assembly plant in Mexico

Reuters | August 28, 2014 | International Trade

South Korean automaker Kia Motors Corp has earmarked $1 billion to build a vehicle assembly plant in Mexico, and President Enrique Pena Nieto said on Wednesday he expects the plant will spur investments by suppliers of another $1.5 billion. Read More »

South Korea’s Kia to build vehicle assembly plant in Mexico

Reuters | August 28, 2014 | International Trade

South Korean automaker Kia Motors Corp has earmarked $1 billion to build a vehicle assembly plant in Mexico, and President Enrique Pena Nieto said on Wednesday he expects the plant will spur investments by suppliers of another $1.5 billion. Read More »

German lawmakers call for new EU sanctions on Russia

Reuters | August 28, 2014 | International Trade

Europe should respond to the apparent escalation of the conflict in Ukraine by agreeing to further sanctions against Russia at a European Union summit this weekend, two senior German lawmakers close to Chancellor Angela Merkel told Reuters. Read More »

Swiss outline new measures to stop bypassing of sanctions on Russia

Reuters | August 28, 2014 | International Trade

Russian banks will require approval to issue long-term financial instruments in Switzerland, the government said on Wednesday, as it detailed measures to ensure it does not become a place for individuals or funds to avoid European sanctions on Moscow. Read More »

Japan to import rare earth from India

Reuters | August 28, 2014 | International Trade

Japanese Prime Minister Shinzo Abe and Indian counterpart Narendra Modi will agree on the joint production at their summit meeting in Tokyo on Monday, the report said, without citing sources. Read More »

Valero, Ports of Indiana celebrate restart of ethanol plant

AJOT | August 28, 2014 | Ports & Terminals

Valero Renewable Fuels Company, LLC, a wholly owned subsidiary of Valero Energy Corporation (NYSE: VLO), and the Ports of Indiana hosted Lt. Gov. Sue Ellspermann and other state and local officials today at a Port Appreciation and Welcome Celebration commemorating the restart of the recently purchased Mount Vernon ethanol plant. Read More »

Alabama State Port Authority aquires Walter Energy assets at the Port of Mobile

AJOT | August 28, 2014 | Ports & Terminals

The Alabama State Port Authority finalized its purchase of two industrial properties owned by Walter Energy, Inc. Read More »

Alabama State Port Authority Board gets three new members

AJOT | August 28, 2014 | Ports & Terminals

Three newly appointed members attended their first meeting of the board of directors of the Alabama State Port Authority.  Read More »

New railway crane in operation at logport III

AJOT | August 28, 2014 | Intermodal | Ports & Terminals

New railway crane in operation at logport III

The capacity expansions of the container terminals at logport I and logport III on the left bank of the Rhine announced at the beginning of the year have entered the next stage. Read More »

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