International Trade

EU offer of free-trade pact with Ukraine still stands, Brussels ready to sign

Reuters | February 28, 2014 | International Trade

Ukraine would see the economic benefits of a free-trade deal with the European Union within weeks of signing the accord, helping the near-bankrupt nation's standing in the eyes of its creditors, the EU's trade chief said. Read More »

China environment ministry approves two Westinghouse reactors

Reuters | February 28, 2014 | International Trade

China's environment ministry has given the initial go-ahead for the construction of two new AP1000 nuclear reactors designed by U.S.-based Westinghouse in the eastern coastal province of Shandong, it said late. Read More »

China to abolish import duties on “important” hi-tech equipment

Reuters | February 28, 2014 | International Trade

China will abolish import duties on some "important" hi-tech equipment while reinstating others from March 1, to help accelerate the development of "strategic industries", state news agency Xinhua said. Read More »

EU-U.S. trade talks face growing hostility, ministers warn

Reuters | February 28, 2014 | International Trade

Free-trade talks between the United States and the European Union are in danger of being derailed by populist groups opposing everything from globalisation to multinationals, EU ministers and business leaders said on Friday. Read More »

Tycoon says protests could damage Hong Kong’s reputation

Reuters | February 28, 2014 | International Trade

Hong Kong tycoon Li Ka-shing, one of the wealthiest men in Asia, warned on Friday that planned protests to shut down Hong Kong’s central business district later this year would damage the Asian financial hub. Read More »

Hong Kong property tycoons bank on middle class to weather tough times

Reuters | February 28, 2014 | International Trade

When things get choppy at the top of the property ladder, it pays to have your feet planted on the middle rungs, which makes developers Cheung Kong (Holdings) and Sun Hung Kai Properties the best bets to weather the storm brewing in Hong Kong. Read More »

Fed extends comment period for new commodity rules

Reuters | February 27, 2014 | International Trade

The U.S. Federal Reserve gave market parties 30 more days to comment on its plan to submit Wall Street banks to greater restrictions in dealing physical commodities, the central bank said on Thursday. Read More »

Exports of US construction equipment fell 25% in 2013

Reuters | February 27, 2014 | International Trade

Foreign sales of U.S.-made construction equipment dropped sharply in 2013, snapping a three-year export surge that had been one of the bright spots in the country's halting economic recovery, according to a report released on Wednesday by a leading industry trade group. Read More »

PepsiCo re-enters ‘Magic Kingdom’ with Shanghai Disney deal

Reuters | February 27, 2014 | International Trade

PepsiCo Inc has signed a deal to supply beverages to Walt Disney Co's first China resort, breaking The Coca-Cola Co's quarter century monopoly over beverage supply to the U.S. theme park operator. Read More »

Russia to resume US pork imports from around March 10

Reuters | February 27, 2014 | International Trade

Russia plans to resume pork imports from the United States around March 10, Russia's veterinary and phytosanitary service (VPSS) said. Read More »

China suspends Polish pork imports over swine fever

Reuters | February 27, 2014 | International Trade

China has suspended imports of pork from Poland citing concerns over African swine fever (ASF) among wild boars, Poland's embassy to China was quoted as saying by Polish news agency IAR. Read More »

Cathay Pacific strengthens cargo presence in the US with new freighter service to Columbus

AJOT | February 27, 2014 | International Trade

Cathay Pacific Airways today announced that it will boost its freighter services into the United States by launching a twice-weekly scheduled service to Columbus, Ohio on 21 March 2014. Read More »

New threat to Brazil’s breadbasket: a pesky caterpillar

Reuters | February 27, 2014 | International Trade

Brazilian farmers are battling a voracious caterpillar that likely arrived from Asia, challenging the agricultural superpower’s widely touted mastery of tropical farming just as it is on the verge of becoming the world’s top soybean producer. Read More »

Foreign companies in Turkey face squeeze

Reuters | February 25, 2014 | International Trade

Foreign companies in Turkey are beginning to feel the effects of a sagging currency, rising inflation and a growing political power struggle, adding to fears the country may not be the source of future growth that some companies had hoped. Read More »

India to block US trade probes, ready for fight at WTO

Reuters | February 25, 2014 | International Trade

India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization (WTO), a move that could escalate already-strained tension between the two countries. Read More »

No end in sight yet for Trans-Pacific trade pact

Reuters | February 25, 2014 | International Trade

Ministers in 12-nation Trans-Pacific trade talks said they had yet to reach agreement on tariffs and other market access issues, with the timing of a completed deal looking increasingly unclear. Read More »

LinkedIn jumpstarts China expansion with Chinese language site

Reuters | February 25, 2014 | International Trade

Professional social networking website LinkedIn Corp launched a Chinese language version of its website, a move that could jumpstart its expansion into the world's largest Internet market by users even as the company acknowledged it will have to police what some of them say on its website. Read More »

France sees EU-China deal over wine trade dispute

Reuters | February 25, 2014 | International Trade

Europe and China are moving towards a compromise over a Chinese investigation into alleged European wine dumping, French Trade Minister Nicole Bricq said. Read More »

Thai trade slumps alongside tourism as protest violence takes toll

Reuters | February 25, 2014 | International Trade

Thailand announced a slump in trade figures on Tuesday with the biggest drop in imports in more than four years in January, as months of anti-government protests extended their economic toll beyond falling tourism numbers. Read More »

China’s $12 trln corporate debt pushes up refunding costs, drives mergers

Reuters | February 25, 2014 | International Trade

China’s corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise. Read More »