International Trade

Greece willing to move ahead on key asset sales to appease lenders

Reuters | May 05, 2015 | International Trade

Greece is willing to quickly finalize a 1.2 billion-euro deal with German operator Fraport to run regional airports and reopen bidding for a majority stake in Piraeus port, a senior privatisations official told Reuters on Tuesday. Read More »

Top U.S. Senate Democrat seeks delay on fast-track trade bill

Reuters | May 04, 2015 | International Trade

U.S. Senate Democratic leader Harry Reid wants to delay legislation granting President Barack Obama “fast-track” trade negotiating authority needed to complete a Pacific Rim deal until bills to authorize highway funding and renew a domestic surveillance program are debated. Read More »

CBP at JFK Intercepts Pests in Fruit Cache

AJOT | May 04, 2015 | Air Cargo | International Trade

U.S. Customs and Border Protection agriculture specialists at John F. Kennedy International airport recently intercepted was is believed to be the first Mediterranean fruit fly arriving from South America. Read More »

ECB’s Constancio says ‘worst-case’ Greek scenario will be avoided

Reuters | May 04, 2015 | International Trade

European Central Bank Vice President Vitor Constancio said he was confident Athens and its creditors will agree a deal to avoid Greece leaving the euro zone. Read More »

Germany likely to harvest 25.6 million tonnes of wheat

Reuters | May 04, 2015 | International Trade

Germany is likely to harvest 25.6 million tonnes of wheat in 2015, down from an especially large crop of 27.7 million tonnes in 2014, Germany’s leading grain trader ADM Germany said. Read More »

New orders for U.S. factory goods post their biggest increase in eight months

Reuters | May 04, 2015 | International Trade

New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. Read More »

U.S. steelmakers complain China skirting steel plate duties

Reuters | May 04, 2015 | International Trade

U.S. steelmakers Nucor Corp and SSAB Enterprises said Chinese producers are circumventing import duties on steel plate and asked the U.S. Department of Commerce to intervene. Read More »

Brazil and US may be headed for trade dispute

Reuters | May 04, 2015 | International Trade

After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Read More »

Scrap metal broker pleads guilty to false export AES information

AJOT | May 04, 2015 | International Trade

A Michigan-based scrap metal broker Lip Bor Ng, [also known as Paul Wu] has pleaded guilty before Judge Mark A. Goldsmith to a one-count conspiracy information, according to a news release issued by the U.S. Department of Justice (DOJ) and circulated by the Seattle-based Basel Action Network (BAN). Read More »

Most top credit rating agencies would not cut Greece’s rating to default if it misses a payment

Reuters | May 04, 2015 | International Trade

Most top credit rating agencies say they would not cut Greece's rating to default if it misses a payment to the International Monetary Fund or European Central Bank, a stance that could keep vital ECB funding flowing into the financial system. Read More »

Russia looks likely to ban Western food imports

Reuters | May 04, 2015 | International Trade

Russia looks likely to extend a ban on Western food imports beyond an Aug. 7 deadline, with a lack of incentive to lift its embargo due to the prospect of extended European sanctions. Read More »

Steel Group hails trade laws strengthening currency and customs enforcement

AJOT | May 04, 2015 | International Trade

AISI (American Iron and Steel Institute) hails trade Laws strengthening currency and customs enforcement provisions adopted by Senate Finance Committee. The Senate Finance Committee included provisions last week in trade legislation to strengthen the trade laws, enhance customs enforcement and address currency manipulation. Read More »

China’s factories struggled to grow in April - PMI remains at 50.1

Reuters | May 04, 2015 | International Trade

China's factories struggled to grow in April as domestic and export demand remained weak, reinforcing expectations that Beijing will roll out more measures to support the slowing economy. The official manufacturing Purchasing Managers' Index (PMI) stood at 50.1 in April, identical to the previous month's reading and just above the 50-point mark that separates growth from contraction on a monthly basis. Read More »

China, India, 11 others on US list for intellectual property concerns

Reuters | April 30, 2015 | International Trade

China and India remain on a U.S. priority watch list for lax rules on copyright, trade secrets and other intellectual property rights (IPR) violations in an annual review of trading partners published by the U.S. trade representative. Read More »

US senator bent on keeping currency rules out of fast track

Reuters | April 30, 2015 | International Trade

The chairman of the U.S. Senate committee responsible for trade said he will fight to keep lawmakers from adding tough rules against currency manipulation to legislation meant to ease passage of a Pacific trade pact. Read More »

Talks on EU-US trade deal to stretch into 2016

Reuters | April 30, 2015 | International Trade

Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU's chief negotiator said on Tuesday, adding that the discussions were about to enter a "more difficult" and "intense" stage. Read More »

Wal-Mart to expand China store network by nearly a third after growth stalls

Reuters | April 30, 2015 | International Trade

Wal-Mart Stores Inc plans to expand its footprint in China by nearly a third by opening 115 new stores by 2017, the firm's chief executive said, in a renewed push to lure China's grocery shoppers despite slowing growth. Read More »

Myanmar’s formerly blacklisted businessman urges US to delist others

Reuters | April 30, 2015 | International Trade

The first Myanmar businessman to be removed from a U.S. blacklist since the country emerged from military rule said that the United States should delist more people so they can partner with American companies to develop the economy. Read More »

US to press China on infrastructure bank governance standards

Reuters | April 30, 2015 | International Trade

The United States will press China at upcoming bilateral talks to spell out how it will make a new Asian development bank live up to international governance standards, a senior Treasury official said. Read More »

Tesla to invest in charging infrastructure in Japan

Reuters | April 30, 2015 | International Trade

U.S. electric carmaker Tesla Motors plans to make a big investment in charging infrastructure throughout Japan, the company's CEO Elon Musk told the Nikkei in an interview. Read More »