International Trade

US trade deficit widens as exports fall

Reuters | April 03, 2014 | International Trade

The U.S. trade deficit unexpectedly widened in February as exports fell to their lowest level in five months, further signs economic growth slowed in the first quarter. Read More »

US urges Japan to make good on trade promises

Reuters | April 03, 2014 | International Trade

Japan has to live up to commitments to open its markets as part of talks to create a Pacific free trade zone, U.S. Trade Representative Michael Froman said. Read More »

China rejections of US corn top 1 million tons after latest data

Reuters | April 03, 2014 | International Trade

China canceled purchases of 221,400 tons of U.S. corn last week, the U.S. Agriculture Department said, bringing the total to more than 1 million tons of corn rejected since November in a dispute involving a biotech variety not approved by the No. 3 buyer of U.S. grain. Read More »

FDA bans imports from Canadian drugmaker Apotex’s India plant

Reuters | April 03, 2014 | International Trade

The U.S. Food and Drug Administration banned imports from Canadian drugmaker Apotex Inc's manufacturing plant in India for not complying with quality standards, the latest in a series of sanctions against medicines produced in India. Read More »

Canada swings to trade surplus on export surge

Reuters | April 03, 2014 | International Trade

Canada reported a small trade surplus, its first in five months, in February as exports bounced to their highest since before the 2008 recession, welcome news for the central bank but likely not enough for it to declare a full-blown export recovery. Read More »

South Korea should shift away from rice import quotas

Reuters | April 03, 2014 | International Trade

South Korea should shift away from a quota system on rice imports to ease pressure from the World Trade Organization (WTO) to open its markets for the grain, agricultural industry and government officials in the country said. Read More »

Australia’s cigarette plain packaging debate clouded by lack of data

Reuters | April 03, 2014 | International Trade

More than a year after Australia became the first country to introduce plain packaging for cigarettes, there is little hard evidence to prove the trailblazing move is worth emulating. Read More »

China yuan seen resuming rise on export recovery from second quarter

Reuters | April 03, 2014 | International Trade

China's yuan is expected to tread a steady upward curve for the rest of this year, as investors anticipate an improving export picture from the second quarter and the economy could regain strength on Beijing's policy support, a Reuters poll showed. Read More »

Poland seeks EU help over Russian ban on pork imports

Reuters | April 03, 2014 | International Trade

Poland has asked the European Union to intervene in a spat over Russia banning imports of Polish pork and says that the case could be taken up by the World Trade Organisation (WTO). Read More »

Investors snap up shipping loans as global economy lifts trade prospects

Reuters | April 03, 2014 | International Trade

Global private equity firm KKR has bought $150 million worth of shipping loans from two European banks amid a surge of interest in the industry as world trade in goods picks up along with the global economy. Read More »

Industry officials: S.Korea should shift away from rice import quotas

Reuters | April 03, 2014 | International Trade

South Korea should shift away from a quota system on rice imports to ease pressure from the World Trade Organisation (WTO) to open its markets for the grain, agricultural industry and government officials in the country said on Thursday. Read More »

Knowles, defending patents, says fair trial in China ‘impossible’

Reuters | April 02, 2014 | International Trade

Knowles Corp, a New York-listed maker of advanced micro-acoustic products, said a patent infringement case involving Chinese group GoerTek could not be decided fairly after a provincial court barred lawyers for Knowles from entering its own trial. Read More »

Apple in talks to buy Japan chip venture, seeks to secure iPhone supply chain

Reuters | April 02, 2014 | International Trade

The future of Apple Inc's supply chain for its flagship smartphones has come under industry scrutiny as people familiar with the matter said Apple is in talks to buy control of a Japanese venture that makes key semiconductors for its iPhone screens. Read More »

Bitter times for chocolate factory in Russia-Ukraine crisis

Reuters | April 02, 2014 | International Trade

After three years of court cases involving authorities and competitors, Taisiya Voronina thought she had seen everything in Russia's rough and tumble business environment. Read More »

Australia’s Abbott faces tough mission on “trifecta of trade” in Asia

Reuters | April 02, 2014 | International Trade

Australian Prime Minister Tony Abbott wants to finalize a free trade agreement with Japan on his forthcoming North Asia trip, but will have to walk a fine line between Tokyo and Beijing over geopolitical tensions in the region. Read More »

Top trading house executives speak at commodity conference

Reuters | April 02, 2014 | International Trade

Global commodities trading is undergoing profound changes as banks pull out from the sector while trading houses adapt to new regulations and expand into physical assets. Read More »

GE recalls hundreds of baby ‘warmers’ in China over safety fears

Reuters | April 01, 2014 | International Trade

A healthcare unit of General Electric Co has recalled hundreds of incubator-like infant "warmers" in China over safety concerns as Beijing tightens oversight of the country's fast-growing medical device sector. Read More »

Alcoa to expand mill in Brazil

Reuters | April 01, 2014 | International Trade

Alcoa Inc said it planned to spend $40 million to expand its rolling mill in Itapissuma, Brazil, boosting production of specialty aluminum foils for packaging. Read More »

Afreximbank says in second phase of $1.9 billion Kenya Airways financing

Reuters | April 01, 2014 | Air Cargo | International Trade

The African Export-Import Bank (Afreximbank) said it was in the second phase of a $1.9 billion financing for Kenya Airways, providing funding for 10 Boeing aircraft as the national carrier ramps up its fleet. Read More »

South Korea says March exports to US, EU grow sharply vs year ago

Reuters | April 01, 2014 | International Trade

South Korea's exports to the United States and the European Union grew sharply in March over a year earlier but shipments to its largest market of China posted only a modest increase, government data showed. Read More »