International Trade

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 »

GM recalls 1.5 million cars in China over fuel pump bracket

Reuters | December 27, 2013 | International Trade

General Motors Co's China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market. Read More »

US corn shipments to China slow after GMO rejections

Reuters | December 27, 2013 | International Trade

U.S. corn exports to China slowed as Beijing continued to reject cargoes containing an unapproved genetically modified strain, government data released showed. Read More »

China rejects 2 US distillers grains cargoes on GMO

Reuters | December 27, 2013 | International Trade

China's quality watchdog confirmed it has rejected two cargoes of dried distillers grains (DDGs) from the United States after detecting the presence a genetically modified (GMO) strain not yet approved by Beijing, Xinhua News Agency reported. Read More »

Small jet makers see big chance as China prepares to open skies

Reuters | December 27, 2013 | International Trade

Ferraris and Rolls-Royces have become common sights in China's cities as a new class of super-rich indulge a growing appetite for luxury, but tight regulation has meant the private jet, the ultimate status symbol of the global elite, remains rare. Read More »

China cabinet report sees 2013 economic growth at 7.6%

Reuters | December 27, 2013 | International Trade

China will likely stick with this year's growth target of 7.5 percent for 2014 as top leaders balance the need to keep the economy on an even keel while pushing through necessary structural reforms, sources at top government think tanks said. Read More »

Russia targets cross-border online shoppers with new duty rules

Reuters | December 27, 2013 | International Trade

Russia plans to start charging duty on purchases worth more than 150 euros ($210) from foreign online stores, lowering the threshold from 1,000 euros and potentially slowing the fast-growing market while benefiting domestic online retailers. Read More »

China plans anti graft initiative

Reuters | December 25, 2013 | International Trade

China's ruling Communist Party unveiled on Wednesday a five-year plan to fight pervasive graft, with particular attention on corruption that triggers protests or happens in the course of economic reforms. Read More »

Spanish meats group Campofrio gets new foreign owners

Reuters | December 24, 2013 | International Trade

Mexican frozen food company Sigma and Shuanghui International Holdings of China have signed an agreement to share ownership of Spanish meat processor Campofrio cooling hopes of a bidding war. Read More »