International Trade

Wal-Mart pays lawyer fees for dozens of executives in bribery probe

Reuters | December 04, 2013 | International Trade

Wal-Mart Stores Inc is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter, an unusually high number that shows the depth of the federal probe. Read More »

Philip Morris, Japan Tobacco spend $1.5 billion on Russian distributor

Reuters | December 04, 2013 | International Trade

Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes for $750 million each in Russian distributor Megapolis, strengthening their grip on the world's No. 2 cigarette market after China. Read More »

US concern over Huawei telecoms deal with South Korea

Reuters | December 04, 2013 | International Trade

The heads of two U.S. Senate committees overseeing national security have expressed concern to the Obama administration over a recent network supply deal between China's Huawei Technologies Co Ltd and Washington ally South Korea. Read More »

China Mobile briefly takes pre-orders for iPhones

Reuters | December 04, 2013 | International Trade

China Mobile Ltd, the world's largest mobile phone carrier, has quietly begun taking pre-orders for Apple Inc's iPhones, according to a report on Read More »

China Rongsheng flags full-year loss as shipping slump takes toll

Reuters | December 04, 2013 | International Trade

China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, said on Wednesday it expects to report a substantial full-year loss just months after it appealed to the government for financial help. Read More »

China’s yuan surpasses euro as 2nd most-used currency in trade finance

Reuters | December 03, 2013 | International Trade

China's yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organization SWIFT said. Read More »

China challenges US anti-dumping measures at WTO

Reuters | December 03, 2013 | International Trade

China launched a trade dispute against the United States to challenge Washington's accusations that China has dumped cheap exports on the U.S. market, the World Trade Organization said in a statement. Read More »

China finds unapproved GMO corn in more US cargoes, rejection likely

Reuters | December 03, 2013 | International Trade

China, one of the world's largest corn importers, is likely to reject more U.S. shipments of the grain after they were found to contain a genetically modified variety not approved by Beijing, traders said. Read More »

Protests show Putin the battle for Ukraine is not over

Reuters | December 03, 2013 | International Trade

Protests by hundreds of thousands of people in Ukraine against their leaders' U-turn over Europe have sent a warning to Vladimir Putin that the battle over the former Soviet republic's future is far from over. Read More »

German carmakers look abroad to boost production

Reuters | December 03, 2013 | International Trade

German carmakers' overall output is set to rise for the fifth year in 2014, driven by overseas production, industry association VDA said, meaning little boost for the domestic economy. Read More »

Premium Article  The ever evolution of textiles and apparels

Karen Thuermer | December 03, 2013 | International Trade

One could say that the textiles and apparel is one complicated ball of thread. For one thing, it’s fast moving; fashions and consumers’ tastes can change on a whim, and sourcing can shifts to different markets around the globe. On top of that, there are tariff issues, trade agreements, transport rates, time considerations, and a business that is evolving from one that involves store fronts to apps. Read More »

Premium Article  Taiwan intensifying shipping and trade ties with other regions to reduce China dependence

Manik Mehta | December 03, 2013 | International Trade

As Taiwan’s trade and shipping ties with China intensify, the development also raises concern over the island’s asymmetric dependence on the mainland which, many Taiwanese experts fear, will use it to achieve the final goal of reunification – on China’s terms. Read More »

Global recovery still too weak, South Korea data shows

Reuters | December 02, 2013 | International Trade

Exports by industrial powerhouse South Korea showed virtually no growth last month, underlining a still fragile global economy squeezed by a depressed Europe as growth slows in emerging markets. Read More »

Bali talks to decide fate of WTO

Reuters | December 02, 2013 | International Trade

Crisis is the natural state of world trade negotiations. But this week will be different. Read More »

Ukraine holds key to Putin’s dream of a new union

Reuters | December 02, 2013 | International Trade

Ukraine's refusal to sign a trade pact drawing it into Europe's orbit marked a victory for Vladimir Putin, winning him time to lure Kiev into a project for a trade and political bloc stretching from the frontiers of China to the edge of the EU. Read More »

Putin faces protests as he woos Armenia

Reuters | December 02, 2013 | International Trade

About 500 people marched through the capital of Armenia to denounce visiting Russian President Vladimir Putin and to protest against plans to join a Moscow-led customs union. Read More »

Huge Bangladesh fire destroys key garments factory

Reuters | December 02, 2013 | International Trade

A huge fire destroyed a Bangladesh garment factory supplying key Western brands, authorities said, in a blaze touched off by workers angered over rumors of a colleague's death in police firing. Read More »

Thyssen announces capital increase as US deal sealed

Reuters | December 02, 2013 | International Trade

ThyssenKrupp is selling its U.S. plant to two rivals in a long-awaited deal to help extricate the German steelmaker from an ill-fated boom-year expansion plan, and said it plans to raise up to 1 billion euros ($1.36 billion) in a share sale. Read More »

South Korea moves closer to joining TPP trade talks

Reuters | December 02, 2013 | International Trade

Asian trade powerhouse South Korea took a step closer to joining 12-nation talks aimed at slashing trade barriers between nations making up about 40 percent of the world economy. Read More »

China releases more details on Shanghai free trade zone reforms

Reuters | December 02, 2013 | International Trade

Chinese regulators published new details on planned reforms for a free trade zone launched in Shanghai earlier this year, as Beijing moves to sustain enthusiasm in the face of resurgent investor skepticism. Read More »