International Trade

US industry groups want meat-label law repealed

Reuters | January 30, 2014 | International Trade

U.S. meat industry groups and packers have stepped up efforts to seek repeal of a law that requires products to have a country-of-origin label, citing increased costs and conflicts with trade partners now that the Farm Bill passed by the House of Representatives on Wednesday keeps the COOL law in place. Read More »

Households, trade keep US economy humming in fourth quarter

Reuters | January 30, 2014 | International Trade

Strong household spending and robust exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014. Read More »

Lenovo steps into ring against Samsung with Motorola deal

Reuters | January 30, 2014 | International Trade

Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market. Read More »

Strong Americas sales drive Whirlpool profit up

Reuters | January 30, 2014 | International Trade

Whirlpool Corp said its quarterly profit jumped 48 percent due to strong sales gains in North and South America, and indicated its 2014 earnings would be broadly inline with analysts' forecasts. Read More »

VW beats GM to clinch No. 2 spot in world auto sales

AJOT | January 30, 2014 | International Trade

Germany's Volkswagen narrowly beat General Motors Co. in the global auto sales race last year, finishing as runner-up behind sales champion Toyota Motor Corp.. Read More »

Obama’s nod to trade leaves tough work ahead in Congress

Reuters | January 29, 2014 | International Trade

U.S. President Barack Obama's nod to trade in his annual State of the Union address reflects a delicate political dance and leaves the hard work still ahead in convincing a skeptical Congress to get behind free trade deals. Read More »

America’s energy revolution transforms international relations

Reuters | January 29, 2014 | International Trade

North America's energy revolution is remaking all aspects of the global economy and international relations in what has turned out to be the most profound shift in the second decade of the 21st century. Read More »

Google close to settling EU antitrust probe

Reuters | January 29, 2014 | International Trade

Google is close to settling a three-year antitrust probe by European regulators after it offered "much better" concessions to allay concerns over blocking rivals from internet search results, two sources said. Read More »

Qualcomm faces prospect of record antitrust fines in China

Reuters | January 29, 2014 | International Trade

Qualcomm Inc, the world's biggest cellphone chip maker, may be hit with a record fine exceeding $1 billion in a Chinese antitrust probe, raising the specter of harsh penalties for foreign firms facing an increasingly aggressive regulator. Read More »

Consumers, trade seen boosting fourth-quarter growth

Reuters | January 29, 2014 | International Trade

Rising household spending and exports likely pushed the U.S. economy ahead at a decent clip in the fourth quarter, building a foundation for stronger growth this year. Read More »

Wal-Mart to upgrade China vendor compliance after state TV criticism

Reuters | January 29, 2014 | International Trade

U.S. retailer Wal-Mart Stores Inc. said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork. Read More »

Ford to recall Edge SUVs in China on possible fuel leak

Reuters | January 29, 2014 | International Trade

Ford Motor Co will recall 13,493 imported Edge SUVs in China on a possible fuel system leak that could lead to a fire, China's quality watchdog said. Read More »

Chinese automaker BYD settles US wage dispute

Reuters | January 29, 2014 | International Trade

China's BYD Co Ltd said it has agreed to pay a fine to settle a California case over wage payments - a case that had put the Warren Buffet-backed automaker's labor practices under the spotlight. Read More »

Apple’s China moment still frustratingly out of reach

Reuters | January 29, 2014 | International Trade

Apple Inc may have to wait a little longer for its watershed moment in China. Read More »

Chinese become world’s top tipplers of “lucky” red wine

Reuters | January 29, 2014 | International Trade

China has overtaken France and Italy to become the world's number one consumer of red wine, although the United States remains the world's biggest tippler of all types of wines, the wine and spirits trade association VINEXPO said. Read More »

Coface 2014 outlook for China

AJOT | January 29, 2014 | International Trade | Transport Intermediaries

Real GDP growth in China in 2014 will remain stable but slow slightly to 7.2%, according to global credit insurer Coface’s latest economic Panorama. The government’s lower GDP growth target for the year reflects an intention to accelerate reform efforts. Exports and investment are expected to improve in light of the global recovery. Read More »

Japan 787 battery investigators look to latest overheating for clues to earlier meltdown

Reuters | January 29, 2014 | Air Cargo | International Trade

Japanese investigators probing a lithium-ion battery meltdown on a Boeing Co 787 jetliner a year ago are looking at a battery that overheated on a Dreamliner in Tokyo this month to help unlock the cause of the earlier fire, an official from the Japan Transport Safety Board said. Read More »

Congressional negotiators reach deal on US farm bill

Reuters | January 28, 2014 | International Trade

House and Senate negotiators reached a bipartisan agreement on the long-overdue U.S. farm bill that ends a pricy direct subsidy to farmers while expanding government-backed crop insurance programs, and trims spending on food stamps for poor Americans by about one percent. Read More »

DuPont sets $5 billion buy back as farm focus fuels profit

Reuters | January 28, 2014 | International Trade

DuPont's quarterly profit doubled, beating market estimates, as its strong push into agriculture paid off, and the chemical maker said it would buy back $5 billion in stock. Read More »

EU meets Russia for “clear the air” talks with Putin

Reuters | January 28, 2014 | International Trade

Russian President Vladimir Putin and the European Union's top two officials were set to hold "clear the air" talks in Brussels on Tuesday after months of growing tension over Ukraine and trade and energy disputes. Read More »