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Obama administration kicks off bid to renew Africa trade program

Reuters | July 30, 2014 | International Trade

The Obama administration pushed for Congress to renew a 14-year-old trade program giving African countries duty-free access to U.S. markets, warning that allowing the program to expire would disrupt trade flows between the two regions. Read More »

EU and US announce new sanctions on Russia over Ukraine

Reuters | July 30, 2014 | International Trade

The European Union and the United States announced further sanctions against Russia, targeting its energy, banking and defense sectors in the strongest international action yet over Moscow's support for rebels in eastern Ukraine. Read More »

US looks for Asian cooperation on sanctions against Russia

Reuters | July 30, 2014 | International Trade

The United States is lobbying Asian governments to join in sanctions imposed by Washington and the European Union against Russia over its support for separatist rebels in eastern Ukraine, a senior State Department official said. Read More »

US soymeal exports on course to top lofty expectations

AJOT | July 30, 2014 | International Trade

The U.S. Department of Agriculture has already projected that U.S. soymeal exports will hit a record 10.7 million tons (1 ton = 1.102 metric tons) this year, but they could well top even that lofty forecast if domestic feed users switch from pricey meal to relatively cheap distillers' grains (DDG) and free up more meal supplies for the export market. Read More »

Microsoft Xbox One to launch in China on September 23

Reuters | July 30, 2014 | International Trade

Microsoft Corp will launch its Xbox One gaming console in China on Sept. 23, making it the first foreign company to start selling consoles in the world's third-biggest gaming market after a ban on the devices was lifted this year. Read More »

Sausage-skin maker Devro focuses on US, China to boost profit

Reuters | July 30, 2014 | International Trade

Devro Plc, which makes edible collagen casings for sausages, said it would cut jobs and lower its capacity in Scotland as it focuses on the United States and China to boost profit. Read More »

Amazon to invest $2 billion more in India as e-commerce race heats up

Reuters | July 30, 2014 | Intermodal | International Trade Inc said it will invest a further $2 billion in India just a day after the country's largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector. Read More »

Goodyear Tire revenue deflated by weak Latin American, North America

Reuters | July 30, 2014 | International Trade

Goodyear Tire & Rubber Co., the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to vehicle makers in North America and Latin America. Read More »

Rockwell Automation’s profit hit by lower sales outside US

Reuters | July 30, 2014 | International Trade

Rockwell Automation Inc, whose automated systems help factories run smoothly, reported a steeper-than-expected fall in quarterly profit, hurt by lower sales outside the United States and in its largest business. Read More »

North and South America performance hurts Fiat Chrysler

Reuters | July 30, 2014 | International Trade

Fiat Chrysler reported a fall in second-quarter operating profit as a better performance from its luxury brands and its Asia and European operations failed to offset weak Latin American and disappointing North American results. Read More »

Moscow says “short-sighted” sanctions to hit Russia’s ties with West

Reuters | July 30, 2014 | International Trade

Russia criticized new sanctions as "destructive and short-sighted" saying they would aggravate Moscow's ties with the West already at their lowest point since the end of the Cold War over the Ukraine crisis. Read More »

Moscow fights back after sanctions

Reuters | July 30, 2014 | International Trade

Russia fought back over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow-backed rebels and government troops has intensified since a Malaysian airliner was shot down. Read More »

Russia drafts regulation on import duties for Ukraine

Reuters | July 30, 2014 | International Trade

Russia's Economy Ministry has drafted a regulation introducing import duties on Ukrainian goods, a draft document showed, in an apparent response to Kiev's trade deal with the European Union. Russia said last month it was likely to respond with trade barriers after Kiev signed an association agreement with the EU which provides for free trade between the two. Read More »

Warsaw says Russian ban on Polish produce is revenge for EU sanctions

Reuters | July 30, 2014 | International Trade

Russia announced a ban on most fruit and vegetable imports from Poland and said it could extend it to the entire EU, a move Warsaw called Kremlin retaliation for new Western sanctions over Ukraine imposed on Russia a day earlier. Read More »

EU/China solar deal offers no dumping protection

Reuters | July 30, 2014 | International Trade

The European Union's deal to end a trade dispute over solar panels with China risks creating a downward spiral of prices, further damaging the EU producers it is designed to protect, their association said. Read More »

Austrian business grits teeth, would back Russia sanctions

Reuters | July 30, 2014 | International Trade

Austrian businesses would back tougher economic sanctions against Russia should Europe go down that path, even though such measures will likely be counterproductive, the head of the country's Chamber of Commerce said. Read More »

In China food testing, safety inspectors are often one step behind

Reuters | July 30, 2014 | International Trade

When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-attired workers and supervisors keeping a watchful eye over the process. Read More »

Japan flirts with recession after output, exports drop

Reuters | July 30, 2014 | International Trade

Japan could be flirting with recession after the weakest factory output since 2011, which, following a surprising fall in exports last week, could pressure the central bank to ease policy and complicate a decision on whether to raise taxes. Read More »

Crowley opens full-service project management and logistics solutions office in Singapore

AJOT | July 30, 2014 | Breakbulk & Projects | Ports & Terminals

Because of changing market conditions and a commitment to proactively support the global needs of its customers, Crowley Maritime Corp.’s solutions group has expanded its presence in the Asia Pacific market by opening a new project management office in Singapore. Read More »

AmeraMex International provides Niger update

AJOT | July 30, 2014 | Breakbulk & Projects

AmeraMex International, Inc., a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, commercial farming and mining companies, announced that it has received commitment letters from two Niger banks to partner with the Niger Government in the purchase of trucks from the company. Read More »

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