International Trade

New GM team says US, China growth to offset costs in tougher regions

Reuters | January 15, 2014 | International Trade

General Motors Co's new executive team said modest growth in the United States and China this year would help it fund about $1.1 billion in restructuring costs in other harder-hit regions, including Europe and Australia. Read More »

China’s Huawei profit jumps on smartphones

Reuters | January 15, 2014 | International Trade

China's Huawei Technologies Co Ltd, known more for its telecom networking prowess than its razor-thin smartphones, is starting to see success in its consumer electronics business, though the key U.S. market remains elusive. Read More »

Amber Road’s export compliance solution helps Fairchild Semiconductor streamline exports

AJOT | January 15, 2014 | International Trade | Transport Intermediaries

Amber Road, a leading provider of global trade management (GTM) solutions, announced today that power management semiconductor solutions provider Fairchild Semiconductor is using Amber Road’s Trade Automation solution to remain compliant with country-specific trade regulations and pre-clear Customs while shipping more than 14 billion units a year across 45 countries. Read More »

Boeing 787 grounded in Tokyo for checks after battery vents white smoke

Reuters | January 15, 2014 | Air Cargo | International Trade

A Japan Airlines (JAL) Boeing 787 Dreamliner remained grounded at Tokyo's Narita International Airport on as regulators demanded checks to see if the aircraft was fit to fly, a day after white smoke vented from the plane and a battery cell showed signs of melting. Read More »

China rejects more U.S. distillers grain imports

Reuters | January 15, 2014 | International Trade

Chinese quarantine authorities have rejected more distillers’ dried grains (DDGs), a corn by-product from the United States, due to the presence of an unapproved genetically-modified (GMO) strain, traders said on Wednesday. Read More »

US challenges China over duties on high-tech steel

Reuters | January 14, 2014 | International Trade

The United States increased pressure on China in a dispute over U.S. high-tech steel exports, accusing Beijing of not complying with a World Trade Organization directive to drop duties. Read More »

How local franchises are becoming international brands

Reuters | January 14, 2014 | International Trade

There's a certain cachet to franchises that become international brands. It means the company has the finances, expertise and confidence to translate a franchise concept for a foreign culture. Read More »

China renewal of GMO corn import certificates good sign

Reuters | January 14, 2014 | International Trade

Beijing's renewal of expired import certificates of several biotech corn strains last week is an encouraging sign that the United States and China will soon resolve the import dispute over an unapproved corn variety that has caused the rejection of several U.S. corn shipments, U.S. Agriculture Secretary Tom Vilsack said. Read More »

GM’s global sales rise 4% in 2013 on strong China, US demand

Reuters | January 14, 2014 | International Trade

General Motors Co said its global sales grew 4 percent in 2013 on strong demand in the world's two largest auto markets, China and the United States. Read More »

Hyundai US chief sees market share of 4.7% in 2014

Reuters | January 14, 2014 | International Trade

Hyundai Motor Co expects its market share to bounce up to 4.7 percent this year from 4.6 percent in 2013, propelled by new models such as the revamped Sonata sedan and fewer capacity constraints, the automaker's new U.S. chief told Reuters. Read More »

German carmakers to focus on local production growth in US

Reuters | January 14, 2014 | International Trade

German automakers will focus on the United States for boosting local production this year and next, tapping reviving demand in the world's second-largest car market as Europe keeps struggling, according to PricewaterhouseCoopers. Read More »

Yum’s China sales fall short on weakness at Pizza Hut

Reuters | January 14, 2014 | International Trade

Yum Brands Inc said December sales at established restaurants in China, its top market, rose a smaller-than-expected 2 percent after weakness at its Pizza Hut Casual Dining chain weighed on a recovery at KFC, which is recovering from a food safety scare and avian flu worries. Read More »

Japan’s Suntory to buy spirits maker Beam for $13.6 billion cash

Reuters | January 14, 2014 | International Trade

Including the assumption of Beam's net debt, the deal is valued at $16 billion. It brings together Beam's Jim Beam and Maker's Mark bourbons, Courvoisier cognac and Sauza tequila with Suntory's Yamazaki, Hakushu, Hibiki and Kakubin Japanese whiskies, Bowmore Scotch whisky and Midori liqueur. Read More »

Aleris mulls US expansion to meet resurgent auto demand

Reuters | January 14, 2014 | International Trade

Aleris International is considering expanding its automotive aluminum capacity in the United States, Chairman and Chief Executive Steven Demetriou said, the latest sign that the resurgent auto sector is helping offset continued sluggish construction and packaging use. Read More »

Nissan sees Sentra demand delivering US market gains

Reuters | January 14, 2014 | International Trade

Nissan Motor Co Ltd expects to outpace overall growth in the U.S. automobile market, which it sees rising by 1 percent at most in 2014, as the Japanese automaker meets pent-up demand for the Sentra, Nissan's chief planning officer said. Read More »

McKesson says Celesio takeover offer has failed

Reuters | January 14, 2014 | International Trade

U.S. drugs wholesaler group McKesson said it had failed to win enough support for a $8.4 billion offer to buy German distributor Celesio, leaving it empty-handed in a sector where cross-border consolidation is accelerating. Read More »

Ifo says German current account surplus hits new record high

Reuters | January 14, 2014 | International Trade

Germany's world-beating current account surplus most likely hit a new record in 2013 of about $260 billion as much of its earnings from exported goods was invested abroad rather than spent at home, the Ifo think tank said. Read More »

Japan logs record current account deficit as trade balance tips

Reuters | January 14, 2014 | International Trade

Japan's current account logged a record deficit in November and remained in the red for a second consecutive month as a bulging trade deficit weighed on the country's balance of payments. Read More »

Japan Airlines says smoke seen coming from Boeing 787 battery

Reuters | January 14, 2014 | Air Cargo | International Trade

Japan Airlines said it temporarily grounded one of its 787 Dreamliners after white smoke was spotted outside the plane, warning lights in the cockpit indicated possible faults with the main battery and charger, and one battery cell appeared to be leaking. Read More »

Colombian coal troubles to cut 2014 exports to Europe by 10 pct

Reuters | January 14, 2014 | International Trade

Colombia’s coal export difficulties will reduce its supplies to Europe this year by almost 10 percent but the shortfall will not have a big market impact as other producers step in and high stock levels lessen the impact, analysts said. Read More »