International Trade

Canada auto sales best ever in 2013, Ford still tops

Reuters | January 04, 2014 | International Trade

Canadians bought more vehicles in 2013 than ever before, as consumers brushed off high debt and a slow economic recovery to buy trucks and luxury models, though icy weather limited December purchases, numbers released on Friday showed. Read More »

World manufacturing ends 2013 on a strong note

Reuters | January 02, 2014 | International Trade

Global manufacturing ended 2013 on a strong note as major exporters like Japan, Germany and Italy posted their fastest growth in years, although China's performance remained modest, surveys showed. Read More »

Wal-Mart recalls donkey product in China after fox meat scandal

Reuters | January 02, 2014 | International Trade

Wal-Mart Stores Inc, the world's largest retailer, has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals, the U.S. company said. Read More »

Taiwan’s Ma says ending China standoff a must for the economy

Reuters | January 02, 2014 | International Trade

Ending Taiwan's political standoff with mainland China is necessary to boost Taiwan's sagging economy and to help it integrate more effectively with the region, the island's president, Ma Ying-jeou, said. Read More »

Hyundai, Kia face fading growth as currency tides buoy Japan rivals

Reuters | January 02, 2014 | International Trade

The man who led South Korea's auto industry on a tear through the last decade said Hyundai Motor Co and Kia Motors Corp expect what will be their lowest annual sales growth since 2003 as the weak yen fires up Japanese rivals. Read More »

Asia’s manufacturers buoyant at end 2013, China a question mark

Reuters | January 02, 2014 | International Trade

Asia's manufacturing sector ended 2013 on a strong note, with expansion hitting multi-year highs in export-driven Japan and Taiwan, but signs of moderation in China raises concerns about the outlook for the new year. Read More »

Chinese iron trade fuels port clash with Mexican drug cartel

Reuters | January 01, 2014 | International Trade

When the leaders of Mexico and China met last summer, there was much talk of the need to deepen trade between their nations. Down on Mexico’s Pacific coast, a drug gang was already making it a reality. Read More »

China halts imports of Pfizer drug on paperwork glitch

Reuters | December 31, 2013 | International Trade

China suspended imports of U.S. drugmaker Pfizer Inc's AIDS-related drug Diflucan, citing a problem with late paperwork, the country's food and drug watchdog said in a statement on its website. Read More »

Cosmetics maker Revlon to exit China

Reuters | December 31, 2013 | International Trade

Cosmetics maker Revlon Inc., known for its Almay and Sinful Colors brands, said it would exit its China operations as part of a restructuring that would save about $11 million annually. Read More »

Apollo’s failed deal for Cooper sows doubt on future Indian M&A

Reuters | December 31, 2013 | International Trade

The ambition from Indian mid-sized companies for large debt-fueled acquisitions abroad was dealt a major setback after the unravelling of a $2.5 billion bid by India's Apollo Tyres Ltd to buy Cooper Tire & Rubber Co. Read More »

Cooper Tire terminates $2.5 billion sale agreement with India’s Apollo

Reuters | December 30, 2013 | International Trade

Cooper Tire & Rubber Co said it was terminating a proposed $2.5 billion sale to Apollo Tyres Ltd., saying the Indian tyre maker had failed to find financing for the transaction. Read More »

Turkey overtakes China as No. 1 buyer of US cotton

Reuters | December 30, 2013 | International Trade

Turkey has overtaken China as the biggest buyer of U.S. cotton, U.S. data showed, as Chinese buyers have boosted their purchases of lower-taxed yarn and cut back on buying raw cotton. Read More »

China, South Korea alarmed as yen slide threatens exporters

Reuters | December 30, 2013 | International Trade

China and South Korea's anxiety over the rapidly falling yen came to the fore as senior officials said their exporters could be hurt by Japan's attempts to pull its moribund economy out of a two-decade slump. Read More »

India clears Tesco’s $110 million supermarket investment

Reuters | December 30, 2013 | International Trade

India's foreign investment regulator has approved a $110 million investment plan by Tesco, formally paving the way for the British retailer to venture into Asia's third-largest economy. Read More »

Russia was most protectionist nation in 2013

Reuters | December 30, 2013 | International Trade

Russia put more protectionist policies in place than any other country in 2013, closely followed by neighboring Belarus, according to data from Global Trade Alert (GTA), a leading independent trade monitoring service. Read More »

Record Global Car Sales Projected for 2014: Scotiabank

AJOT | December 30, 2013 | International Trade

The cyclical recovery in global auto sales remains intact with purchases advancing in every region, except Europe, over the past year, according to the latest Scotiabank Global Auto Report. Read More »

U.S. corn sales to China sink on Beijing’s GMO clampdown

Reuters | December 27, 2013 | International Trade

U.S. corn sales to China fell 85 percent last week, government data showed on Friday, as the export market was roiled by Beijing’s tighter screening for an unapproved strain of GMO corn. Read More »

China to re-examine duties on US chicken after WTO ruling

Reuters | December 27, 2013 | International Trade

China's Commerce Ministry said it will re-examine its decision to impose anti-dumping duties on U.S. chicken broiler parts after the World Trade Organization ruled against Beijing in the four-year-old dispute. Read More »

US urges China to implement planned economic reforms

Reuters | December 27, 2013 | International Trade

The United States urged China to quickly implement planned reforms to open up its economy and said it will keep a close eye on progress as officials work to resolve remaining trade tensions with the world's second-largest economy. Read More »

Taiwan’s Fair Trade Commission fines Apple for price restrictions

Reuters | December 27, 2013 | International Trade

Taiwan's Fair Trade Commission (FTC) fined Apple Inc $666,700 for restricting the prices charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices. Read More »