International Trade

US lawmakers demand strong IP protections in EU trade deal

Reuters | October 31, 2013 | International Trade

At a hearing before the Senate Finance Committee on the potential benefits of the Transatlantic Trade and Investment Partnership, or TTIP, lawmakers and business executives said strict intellectual property protections are an incentive for innovation and would not have the opposite effect as some fear. Read More »

Spain current account surplus almost triples y/y in August

Reuters | October 31, 2013 | International Trade

Spain's current account surplus almost tripled in August from a year earlier, the Bank of Spain said on Thursday, reaching its second highest level in 15 years on the back of surging exports and sliding imports. Read More »

EU, IMF coordinate on Ukraine as Russia threat looms

Reuters | October 31, 2013 | International Trade

The European Union is in advanced discussions with the International Monetary Fund on providing standby financing to Ukraine should the country come under economic pressure from Russia later this year, senior EU officials have told Reuters. Read More »

With tough market at home, China’s heavy gear makers gain traction overseas

Reuters | October 30, 2013 | International Trade

When Guangxi Liugong Machinery was bidding to sell wheel loaders to a Thai rice merchant a few years ago, company president Zeng Guangan knew he needed to customize his equipment to beat off Komatsu Ltd and other Japanese rivals. Read More »

GM posts strong profit on US demand, improvement in Europe

Reuters | October 30, 2013 | International Trade

General Motors Co posted a better-than-expected third-quarter profit as the U.S. automaker's new lineup of pickup trucks and other revamped models boosted North American results, and revenue rose in Europe for the first time in two years. Read More »

India’s Lupin sees India, US sales picking up on launches

Reuters | October 30, 2013 | International Trade

India's Lupin Ltd expects a pickup in sales in India and growing demand for its branded drugs in the United States to boost growth in the current fiscal year, its chief executive said. Read More »

Honda Q2 net up 46% on US sales rise, slightly below forecast

Reuters | October 30, 2013 | International Trade

Honda Motor Co's second-quarter net profit rose 46 percent, slightly less than expected, after strong car sales in its biggest market, the United States, and motorbike sales in India and Thailand. Read More »

Cummins cuts outlook on mining, India weakness

Reuters | October 30, 2013 | International Trade

Cummins Inc, the U.S. maker of engines and other vehicle components, reported lower-than-expected quarterly profit and cut its full-year outlook, citing weak sales to most of the industries its serves, including mining. Read More »

India’s Ranbaxy posts loss in September quarter

Reuters | October 30, 2013 | International Trade

Indian drugmaker Ranbaxy Laboratories posted a loss for the second straight quarter, hurt by foreign exchange charges and a one-time write-off related to one of its plants under an import ban by the U.S. health regulator. Read More »

Infosys in process of resolving US visa investigation

Reuters | October 30, 2013 | International Trade

Indian IT firm Infosys Ltd said it was in the process of reaching a settlement with the U.S. government over the company's alleged misuse of temporary business visas. Read More »

Paccar profit jumps 32% as North America truck sales rise

Reuters | October 30, 2013 | International Trade

Paccar Inc reported a 32 percent rise in quarterly profit as the company sold more trucks in North America. Read More »

Asian Logistics and Maritime Conference Set for November 7, 2013

AJOT | October 30, 2013 | International Trade

Spotlight on Rise of ASEAN, Mainland China and e-Tailing with more than 1,300 logistics and maritime services providers and users from some 29 countries and regions! Read More »

“Potash: Feeding the World” Exhibit Opens: Potash Producers Educate Public on Global Food Security

PR Newswire | October 29, 2013 | International Trade

To mark 50 years of the Canadian potash industry and its significant contributions to fueling the Canadian economy, a notable exhibit opened today at the Canada Science and Technology Museum in Ottawa. \ Read More »

Derivatives dispute harming EU-US free-trade talks

Reuters | October 29, 2013 | International Trade

Ambitious plans for an EU-U.S. free-trade agreement may be put in jeopardy by Washington's failure to finalizse a deal coordinating rules in the $630 trillion (391.47 trillion pounds) derivatives market, the EU's financial markets chief has warned. Read More »

Canadian feeder cattle exports seen surging after Tyson move

Reuters | October 29, 2013 | International Trade

A decision by Tyson Foods Inc to stop buying slaughter-ready Canadian cattle looks to accelerate the movement of lighter Canadian cattle to U.S. feedlots, industry sources say, damaging the already fragile Canadian beef sector. Read More »

Apple still rules in Japan as carriers battle to sell iPhones

Reuters | October 29, 2013 | International Trade

Apple Inc's disappointing third quarter was nowhere in evidence in Japan, where sales increased more than 40 percent as the highly anticipated launch of the new iPhone by Japan's biggest mobile firm boosted sales - at rival carriers. Read More »

China and Europe make up after averting trade war

Reuters | October 29, 2013 | International Trade

China and the European Union sought to mend ties after narrowly avoiding a trade war this year, but the EU's trade chief told Beijing to stop handing out state subsidies that Brussels says are illegal. Read More »

Asia’s export engine stuck in neutral despite US uptick

Reuters | October 29, 2013 | International Trade

Asia's once-reliable export engine remains stalled two years into a global economic recovery, raising concerns about the region's competitiveness and its ability to motor through the next tough time for emerging markets. Read More »

East African countries launch single customs territory

Reuters | October 29, 2013 | International Trade | Ports & Terminals

Kenya, Uganda, South Sudan and Rwanda have launched a single customs territory to boost business among the partner states, agreeing to eliminate the remaining non-tariff barriers. Read More »

Amazon workers strike again in Germany

Reuters | October 29, 2013 | Intermodal | International Trade

Workers at two Inc distribution centres in Germany went on strike again over pay and conditions, the latest blow to the world's biggest Internet retailer in its second-biggest market. Read More »