International Trade

Abbott says payoff from Mylan deal surges

Reuters | April 22, 2015 | International Trade

Abbott Laboratories said its initial proceeds of $5.3 billion from the recent sale to Mylan of part of its generic drug business were now worth more than $7 billion because of appreciation of the stock it obtained in the deal. Read More »

US senators want stronger currency rules in fast track trade bill

Reuters | April 22, 2015 | International Trade

U.S. senators said they plan to push for stronger rules against currency manipulation in legislation that is key to reaching a major Pacific trade pact. Read More »

Bird flu spreads in US poultry flocks, hits trade

Reuters | April 22, 2015 | International Trade

Discovery of a strain of deadly avian influenza (HPAI) in a large egg-laying facility in Iowa this week was the latest outbreak of the disease in the United States. It has hit chicken and turkey flocks in 13 states this year. Read More »

US Treasury warns Congress currency push could derail Pacific pact

Reuters | April 22, 2015 | International Trade

U.S. lawmakers' proposals to sanction countries that deliberately weaken their currencies could derail a Pacific trade pact that is a key part of the Obama administration's pivot to Asia, the Treasury warned. Read More »

Export-Import Bank names Siemens Renewable Exporter of the Year

Reuters | April 22, 2015 | International Trade

In honor of Earth Day, the Export-Import Bank of the United States (Ex-Im Bank) announced today that it will present its Deal of the Year and Renewable Exporter of the Year awards to Siemens Energy Inc. at the Bank’s Annual Conference in Washington on Thursday, April 23rd. Read More »

Japan March export gains may get economy back on track

Reuters | April 22, 2015 | International Trade

Japan posted its first trade surplus in nearly three years in March as exports of cars and electronics picked up, an encouraging sign that economic growth may be back on track after a sluggish start to the year. Read More »

EU proposes GM opt-out for members, angering pro- and anti-GM camps

Reuters | April 22, 2015 | International Trade

The European Commission proposed on Wednesday a new law allowing individual EU countries to restrict or prohibit imported genetically modified crops even if they have been approved by the bloc as a whole. Read More »

Japan, US sound optimistic on TPP trade pact negotiations

Reuters | April 21, 2015 | International Trade

Japan's top trade negotiator sounded an optimistic note that he could reach a deal with the United States that is essential to creating a free trade pact covering 12 countries. Read More »

Business group sees thousands of US jobs from Pacific trade deal

Reuters | April 21, 2015 | International Trade

The 12-nation Pacific trade pact would create nearly a quarter of a million U.S. jobs due to increased foreign investment in the United States, a business group estimated, in the first look at the deal's employment impact. Read More »

Huawei CEO says Chinese cybersecurity rules could backfire

Reuters | April 21, 2015 | International Trade

China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters. Read More »

International trade supports seven million retail jobs

AJOT | April 21, 2015 | International Trade

International trade supports millions of American jobs and is essential to the U.S. economy, the National Retail Federation says in a new report that provides a state-by-state breakdown of the benefits of trade. According to NRF, trade supports nearly seven million retail jobs and benefits American businesses, families and workers. Read More »

After Q1 profit jump, POSCO says rivals’ exports to squeeze steel prices

Reuters | April 21, 2015 | International Trade

After its first-quarter profit jumped 20 percent on lower iron ore costs, South Korean steelmaker POSCO warned the current quarter will be tough as Chinese and Russian rivals flood the regional steel market amid weak domestic sales. Read More »

Japan, US in for tough bilateral trade talks over rice, autos

Reuters | April 20, 2015 | International Trade

Japan and the United States continued the second of two days of tough trade talks that could pave the way for a broader trans-Pacific agreement, although Tokyo shrugged off expectations of a bilateral deal in time for a summit next week. Read More »

Thousands in Germany protest against Europe-US trade deal

Reuters | April 20, 2015 | International Trade

Thousands of people marched in Berlin, Munich and other German cities on Saturday in protest against a planned free trade deal between Europe and the United States that they fear will erode food, labor and environmental standards. Read More »

Taurus revamp debuts in China as Ford counters US sedan slump

Reuters | April 20, 2015 | International Trade

Ford Motor Co's global premiere of its redesigned Taurus sedan in China underscores a shift in its U.S. home market from the big sedan to roomier, utilitarian crossover SUVs. Read More »

Guangzhou Auto to open 2 factories, searching for US dealer partners

Reuters | April 20, 2015 | International Trade

Guangzhou Automobile Group Motor plans to spend roughly 6 billion yuan ($968 million) on two new factories in an aggressive expansion push despite a slowdown in the world's largest car market, the company's top executive said. Read More »

Shanghai GM to spend 100 billion yuan developing new vehicles

Reuters | April 20, 2015 | International Trade

Shanghai GM, a joint venture between General Motors and China's SAIC Motor Corp , plans to spend 100 billion yuan ($16 billion) over the next five years developing new vehicles, Shanghai GM President Wang Yongqing said. Read More »

Indonesia to push for free trade pacts with South Korea, EEA

Reuters | April 20, 2015 | International Trade

Indonesia will aggressively pursue talks on free trade agreements with countries such as South Korea and the three European Economic Area (EEA) nations, in its latest move to boost exports, a government official said. Read More »

Taiwan March export orders beat expectations on strong US demand

Reuters | April 20, 2015 | International Trade

Taiwan's export orders in March were better than expectations on robust U.S. orders, offsetting concerns that appetite for the island's electronic gadgets had been seriously affected by the slowdown in the global economy. Read More »

Ivory-smuggling destination Thailand makes ‘biggest seizure’ of tusks

Reuters | April 20, 2015 | International Trade

Thai customs officials have seized four tons of ivory worth $6 million, authorities said, in what the department called the largest bust of its kind in Thailand's history. Read More »