International Trade

Adidas names brand chief to take up battle with Nike

Reuters | January 09, 2014 | International Trade

Sportswear maker Adidas named Eric Liedtke as its global head of brands on Wednesday, bringing a younger manager to its executive board as it battles to regain ground lost to Nike last year. Read More »

US automakers call for currency rule in Pacific trade pact

Reuters | January 09, 2014 | International Trade

American automakers urged that rules against currency manipulation be included in a trade pact being negotiated with Pacific Rim trading partners. Read More »

McKesson raises bid to salvage $8.4 billion Celesio deal

Reuters | January 09, 2014 | International Trade

U.S. drugs wholesaler McKesson raised its offer for German peer Celesio to about 6.2 billion euros ($8.4 billion) including debt, mollifying an activist hedge fund that had been blocking the deal. Read More »

US business lobby urges action on fast-track trade power

Reuters | January 09, 2014 | International Trade

The U.S. Chamber of Commerce urged Congress to give the White House authority to fast-track international trade agreements and said major deals in the pipeline could stumble without the measure. Read More »

Qualcomm CEO says still in the dark on China antitrust probe

Reuters | January 09, 2014 | International Trade

Qualcomm's CEO Paul Jacobs said that the U.S. mobile chipmaker still has not been notified about why it has come under antitrust scrutiny in China since late last year. Read More »

Johnson & Johnson to appeal China revoking diabetes trademark

Reuters | January 09, 2014 | International Trade

U.S. drugmaker Johnson & Johnson will appeal a ruling by a Chinese government agency to strip it of exclusive rights to its OneTouch trademark of diabetes monitoring products, the company said in a statement emailed to Reuters. Read More »

India’s election regulator drops plan to partner Google after spying fears

Reuters | January 09, 2014 | International Trade

India's election regulator dropped plans on Thursday to partner Google Inc on a project to ease voter access to information, after a backlash against the move from campaigners who fear Google and the U.S. government could use it for spying. Read More »

NRF applauds introduction of trade promotion authority legislation

AJOT | January 09, 2014 | International Trade

National Retail Federation called on Congress to quickly approve a trade promotion authority bill that would speed consideration of trade agreements brought to Congress by the president. The legislation is seen as critically important in order for the United States to conclude ongoing trade negotiations with Asia and Europe, including the Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership.
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AirBridgeCargo Airlines takes delivery of fifth Boeing 747-8F

AJOT | January 09, 2014 | Air Cargo | International Trade

Boeing and AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia’s largest cargo airline, recently celebrated the delivery of the airline’s fifth brand new 747-8 Freighter. Read More »

Brazil promises to ease soy truck chaos at Santos port

Reuters | January 08, 2014 | International Trade

Authorities in Brazil’s Sao Paulo state on Wednesday said better enforcement would ease the chaotic truck lines seen outside Santos port last year when another record soybean harvest arrives in the coming months. Read More »

Argentina slaps tax pre-payment rule on some grains companies

Reuters | January 08, 2014 | International Trade

Argentina has introduced a withholding tax on export companies that avoid paying taxes on shipments to certain countries by first shipping the grain to countries with more favorable tax treatment. Read More »

China to let foreign telcos offer some services from Shanghai zone

Reuters | January 08, 2014 | International Trade

China will allow foreign investment in seven telecoms value-added services in the Shanghai Free Trade Zone, with full foreign ownership permitted in five of the services, the official Xinhua news agency reported. Read More »

German exports rise for fourth month in a row in November

Reuters | January 08, 2014 | International Trade

German exports rose for the fourth consecutive month in November and industrial orders surged more than expected - mostly based on overseas demand - in a sign that Europe's largest economy is benefiting from a nascent global upturn. Read More »

America to Europe: Stronger banking union would help boost growth

Reuters | January 08, 2014 | International Trade

The United States has a message for Europe: If you want to help your ailing economy, consider pledging taxpayer money from across the euro zone to help troubled banks. Read More »

Weak imports drive US trade deficit to four-year lows

Reuters | January 08, 2014 | International Trade

The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices held down the import bill, the latest evidence of strengthening economic fundamentals. Read More »

SpiceJet orders Boeing jets worth over $4 billion

Reuters | January 08, 2014 | Air Cargo | International Trade

Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said. Read More »

Renewed gov’t scrutiny puts Drummond’s Colombia coal ops in doubt

Reuters | January 08, 2014 | International Trade

Colombia mounted pressure on U.S.-based coal miner Drummond Co Inc on Wednesday as the company, the Latin American country’s No. 2 coal producer, continues the outlawed practice of loading ships by crane. The government was due to speak on the issue later in the day. Read More »

Callinex Acquires New Mineral Property in Manitoba

PR Newswire | January 08, 2014 | International Trade

The land package was acquired by way of staking. The company has applied for, and expects to be awarded, an additional 17,500 hectares of adjacent MELs. Read More »

Last year’s beans inflate record start to Ivorian cocoa harvest

Reuters | January 08, 2014 | International Trade

Large cocoa bean stocks held over by merchants from last season have inflated port arrivals in Ivory Coast and led to a record start to the 2013/14 harvest, exporters said, but production is likely to drop off significantly this month. Read More »

China relaxes GMO checks on US distiller grain imports

Reuters | January 08, 2014 | International Trade

Chinese quarantine authorities have sped up testing on imports of distiller’s dried grains, suggesting they have relaxed checks on the corn by-product since rejecting some U.S. cargoes for being tainted with an unapproved GMO strain, traders said. Read More »