International Trade

Germany’s Merkel to discuss Ukraine with Putin in Moscow

Reuters | May 06, 2015 | International Trade

Russian President Vladimir Putin and German Chancellor Angela Merkel will discuss the crisis in Ukraine at talks in Moscow on Sunday, a Kremlin aide said on Wednesday. Read More »

Shipping industry points to more Asian economic weakness

Reuters | May 06, 2015 | International Trade

Steep drops in Asian shipping rates are adding to fears about slowing trade, as a fall in export orders from countries across the region depresses demand for ships carrying 90 percent of world trade. Read More »

Oil slump helps push Canada trade deficit to record high

AJOT | May 05, 2015 | Energy | International Trade

Canada's trade deficit jumped to a record high C$3.02 billion ($2.50 billion) in March from February as imports surged and weak crude prices helped curb exports, Statistics Canada data showed. Read More »

California exports down less in latest numbers

AJOT | May 05, 2015 | International Trade

The value of California’s merchandise export trade declined in March, falling 2.9% from the same month last year, according to a Beacon Economics analysis of foreign trade data released this morning by the U.S. Commerce Department. Read More »

China will expand coal ban

AJOT | May 05, 2015 | International Trade

China will expand its bans on coal burning to include suburban areas as well as city centers in efforts to tackle air pollution, the top energy agency said on Tuesday. Read More »

Detroit’s automakers heading for banner year…but what’s ahead?

Reuters | May 05, 2015 | International Trade

Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Read More »

China sets rules to lure private investment in infrastructure

Reuters | May 05, 2015 | Breakbulk & Projects | Projects | International Trade

China has put in place rules to protect private investors and expand opportunities in infrastructure and utility projects, the country's top planning agency said on Tuesday, as the government seeks help revitalizing a stuttering economy. Read More »

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 »