International Trade

Surplus cash costs weigh on earnings of German transport bank DVB

Reuters | March 02, 2015 | International Trade

German transport bank DVB’s 2014 net profit fell 23 percent partly due to the cost of holding surplus cash as borrowers repaid loans faster than the lender could attract new business, Chief Executive Wolfgang Driese said. Read More »

Brazil poultry, pork producers unable to fill some export orders -industry

Reuters | March 01, 2015 | International Trade

Brazilian poultry and pork producers are struggling to fill export orders after 10 days of road blockages caused by protesting truck drivers in Brazil, the president of Abpa industry group, Francisco Turra, told Reuters on Friday. Read More »

British fuel imports spike as refineries close

Reuters | March 01, 2015 | Energy | Refinery | International Trade

Britain’s net imports of petroleum products more than tripled last year after a new wave of refinery closures and capacity cuts left the country unable to meet its demand. Read More »

U.S. And California To Be Economic Powerhouses In 2015

AJOT | March 01, 2015 | International Trade

Domestic sources of demand, from businesses to consumers, will push economic growth in the U.S. and California to higher levels in 2015 -- and lead to even better numbers in 2016. Read More »

Lithuania looks to U.S. for gas imports

Reuters | February 27, 2015 | Energy | International Trade

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation’s dependence on Russia. Read More »

US Senate finance committee postpones hearing on trade

Reuters | February 26, 2015 | International Trade

A key U.S. Senate committee postponed a hearing on trade and its chairman said talks on the final form of a bill to streamline the passage of trade deals through Congress were ongoing. Read More »

US lawmakers battle over currency in trade deals

Reuters | February 26, 2015 | International Trade

U.S. lawmakers are drafting battle plans to punish foreign rivals accused of currency manipulation but a growing chorus of critics argue the battle is already won and warn the push may derail a massive trade pact. Read More »

GM to shut plant, cut jobs in Indonesia, where Japanese dominate

Reuters | February 26, 2015 | International Trade

General Motors will stop making GM-branded cars in Indonesia, a battleground for global automakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles (SUVs). Read More »

Strike ends at General Motors plant in Brazil

Reuters | February 26, 2015 | International Trade

Workers at General Motors Co's Brazilian car factory ended a six-day strike on Thursday after the company agreed to drop plans to lay off 800 employees, the union said. Read More »

New Zealand says deal on Pacific trade pact needed by mid-year

Reuters | February 26, 2015 | International Trade

A trade deal being negotiated by 12 Pacific Rim nations has reached the endgame, but must be agreed by the middle of the year or face being overtaken by U.S. domestic politics, New Zealand's trade minister said. Read More »

Chinese rivals snap at Alibaba’s heels in cross-border e-commerce race

Reuters | February 26, 2015 | International Trade

A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Inc catering to shoppers' fears about the quality and safety of local everyday goods. Read More »

China drops leading tech brands for state purchases

Reuters | February 26, 2015 | International Trade

China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response to revelations of widespread Western cybersurveillance. Read More »

EU requests WTO dispute panel over Russian import duties

Reuters | February 26, 2015 | International Trade

The European Union said it was escalating a dispute with Russia at the World Trade Organization over what it said were excessive import duties on paper products, refrigerators and palm oil. Read More »

West’s offer to rebuild Ukraine faces reality check

Reuters | February 26, 2015 | International Trade

Western powers are preparing what they say may be their most potent weapon against Moscow's interference in Ukraine - a multi billion dollar aid package to rebuild a near-bankrupt state and realize the European dream cherished by many Ukrainians. Read More »

Mexico factory exports slump in January

Reuters | February 26, 2015 | International Trade

Mexican factory-made exports sank in January, data showed, while consumer imports remained flat in a sign that a sluggish economy may struggle to gain pace early this year. Read More »

Brazil seeks to extend auto quota with Mexico for up to 5 years

Reuters | February 26, 2015 | International Trade

The Brazilian government wants to extend a restrictive auto quota with Mexico for up to five years, sources close to the negotiations said. Read More »

Focus on Cargo Owners at the TransRussia Conference 2015

AJOT | February 26, 2015 | International Trade

TransRussia 2015, the 20th international exhibition and conference on transport logistics services and technology, will take place from 21-24 April 2015, in Pavilion 1 at Crocus Expo, Moscow. Read More »

Commodities shipping crisis adds to loan woes for Greek banks

Reuters | February 26, 2015 | International Trade

The global slump in demand for dry freight commodities is adding more pain to Greece’s already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Read More »

Greek banks mull cutting shipping portfolios to raise capital

Reuters | February 26, 2015 | International Trade

Greece’s leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources. Read More »

Mexico says Pacific trade meeting in April, fast track slips

Reuters | February 25, 2015 | International Trade

A meeting aimed at sealing a Pacific trade deal has been called for April, Mexico's economy minister said, adding he was hopeful it would be finalized in the next few months. Read More »