International Trade

Myanmar turns to Japan, Thailand to kick-start stalled Dawei

Reuters | November 19, 2013 | International Trade

Myanmar is set to wrest control of its Dawei industrial complex from Thai company Italian Thai Development over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. Read More »

Germany’s current account surplus may shrink to 5.5% in 2015

Reuters | November 19, 2013 | International Trade

Germany's high current account surplus, which the United States has blamed for hampering the global economy, may fall below the key 6 percent level in 2015, the OECD said. Read More »

ANZ Bank wins approval for sub-branch in Shanghai free trade zone

Reuters | November 18, 2013 | International Trade

Australia and New Zealand Banking Group Ltd said it had approval from Chinese authorities to set up a sub-branch in the new Shanghai free-trade zone, following several other major international lenders into the pilot project. Read More »

Euro zone trade surplus grows more than expected in September

Reuters | November 18, 2013 | International Trade

The euro zone's trade surplus grew more than expected in September as imports were flat and exports rose, data from the European Union statistics office Eurostat showed Read More »

EU, US say trade deal won’t pander to big business

Reuters | November 18, 2013 | International Trade

U.S. and EU trade negotiators rejected accusations on Friday that they are pandering to multinational companies in their push to agree the world's largest free-trade deal, saying food safety and the environment will not be put at risk. Read More »

Europe moves to ban South African citrus imports

Reuters | November 15, 2013 | International Trade

The European Union is preparing a ban on South African citrus imports over fungal disease fears that could take orange juice off Europe's breakfast tables next summer and undermine efforts in Brussels to broaden trade with Africa's biggest economy. Read More »

Japan exports seen rising at fastest in three years as demand recovers

Reuters | November 15, 2013 | International Trade

Japan's exports rose in October at their fastest pace in three years in a sign that overseas demand is picking up pace again, a Reuters survey showed, which could help ease concerns about the global economic recovery. Read More »

US officials crush 6 tons of ivory in bid to end illegal trade

Reuters | November 15, 2013 | International Trade

Highlighting a pledge to crack down on the multibillion-dollar illicit global trade in wildlife, U.S. authorities on Thursday pulverized 6 tons of seized ivory from thousands of elephants slaughtered by poachers for their prized tusks. Read More »

Boeing vote brings out rivals for lucrative jetliner work

Reuters | November 15, 2013 | Air Cargo | International Trade

State economic officials have jumped at the chance to grab a piece of Boeing's newest jetliner program after a union vote stalled efforts to build the aircraft in Washington state. Read More »

Spy scandal weighs on US tech firms in China, Cisco takes hit

Reuters | November 15, 2013 | International Trade

U.S. technology companies including Cisco Systems Inc, International Business Machines Corp and Microsoft Corp may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal starts to take a toll. Read More »

VW group sales up 3.8% in October on North America, China

Reuters | November 15, 2013 | International Trade

Germany's Volkswagen said group vehicle sales increased 3.8 percent in October on demand from North America and China. Read More »

Brazil’s JBS sees favorable US, China meat outlook

Reuters | November 15, 2013 | International Trade

Brazil's JBS, the world's largest integrated meats producer, believes the outlook for the U.S. poultry market, where it operates Pilgrim's Pride, is looking up, company executives said. Read More »

Morrison & Foerster Represents Global Logistic Properties in Formation of $3 Billion China Logistics

George Lauriat | November 15, 2013 | International Trade

Morrison & Foerster has represented an affiliate of Global Logistic Properties Limited, Asia’s largest provider of modern logistics facilities, in the formation of the world’s largest China-focused logistics infrastructure fund. Read More »

Walmart Commits $1 Million in Response to Typhoon Haiyan

George Lauriat | November 15, 2013 | International Trade

Funds will support emergency relief efforts throughout the Philippines. Read More »

Bangladesh factories agree to pay rise, but protests go on

Reuters | November 14, 2013 | International Trade

Bangladeshi garment factory owners said they had agreed to a proposed 77 percent rise in the minimum wage, but police used teargas and rubber bullets to break up new protests by stone-throwing workers calling for a bigger increase. Read More »

US trade gap widens on imports

Reuters | November 14, 2013 | International Trade

The U.S. trade deficit widened in September as imports rose to their highest level in almost a year and exports fell for a third consecutive month, suggesting the third-quarter growth estimate will probably be lowered. Read More »

US says China must do more to safeguard trade secrets

Reuters | November 14, 2013 | International Trade

China faces steep intellectual property rights challenges which undercut Beijing's efforts to boost innovation, the U.S. ambassador said, comments that drew a rebuke from China's Foreign Ministry. Read More »

Problems mount for White House in push for Trans-Pacific trade pact

Reuters | November 14, 2013 | International Trade

A White House push for a freer hand to clinch trade deals ran into a roadblock as two-thirds of Democrats in the House of Representatives stated their opposition, complicating efforts to finalize a pact with 11 Pacific Rim countries. Read More »

Cisco warns US spying fallout hitting revenue in China

Reuters | November 14, 2013 | International Trade

Cisco Systems Inc warned its revenue would dive as much as 10 percent this quarter, and keep contracting until after the middle of 2014, as a backlash against U.S. government spying contributed to plummeting demand in emerging markets like China. Read More »

Higher exports help cut Canada’s September trade deficit

Reuters | November 14, 2013 | International Trade

Canada's trade deficit in September dropped by more than half to C$435 million ($414 million) from August as exports grew at a much faster rate than imports, Statistics Canada said. Read More »