International Trade

Mexico December factory exports slip, point to weak recovery

Reuters | January 27, 2014 | International Trade

Mexican factory exports dipped in December in a sign of wavering U.S. appetite for local goods that could undermine an economic recovery, while a drop in consumer imports pointed to weaker domestic demand. Read More »

China’s top diplomat wants free-trade deal with Europe

Reuters | January 27, 2014 | International Trade

"There are bright prospects for China-EU business cooperation," Chinese State Councillor Yang Jiechi told reporters after meeting EU foreign policy chief Catherine Ashton ahead a visit to Brussels by President Xi Jinping in March. Read More »

No yen dividend yet as Japan posts record 2013 trade deficit

Reuters | January 27, 2014 | International Trade

Japan's trade deficit widened sharply to a record in 2013 as import costs outpaced export receipts due to a weaker yen and higher fuel bills, and the third straight annual shortfall was a reminder of the challenge facing Prime Minister Shinzo Abe. Read More »

Australian grains competition heats up as GrainCorp rivals circle

Reuters | January 27, 2014 | International Trade

Still rattled by the veto of a A$2.8 billion ($2.5 billion) takeover by Archer Daniel Midland, Australian grains handler GrainCorp is facing aggressive competition that could cut costs for farmers but hit earnings at the country’s biggest listed agribusiness. Read More »

Cuba to host Latin American summit; U.S. notably absent

Reuters | January 27, 2014 | International Trade

Latin American and Caribbean leaders converge on Cuba this week to discuss trade, peace and human rights in a further sign of regional eagerness to challenge the dominance of the United States. Read More »

JPMorgan backs UK’s EU membership as good for trade

Reuters | January 24, 2014 | International Trade

JPMorgan Chase & Co said in a submission to the UK Treasury that the country will get what it wants on cross-border rules if it negotiates as part of the European Union, the Financial Times reported. Read More »

Singapore’s firm output, weak exports may flag build-up in inventories

Reuters | January 24, 2014 | International Trade

Singapore's factories may be in for a rougher ride this year if manufacturers ramped up output in anticipation of a pick-up in global demand, and caused stocks to swell. Read More »

Indonesia’s mining exports at standstill after new rules

Reuters | January 24, 2014 | International Trade

Indonesia's metal ore and concentrate exports have ground to a complete halt, government officials said, signaling the turmoil in the mining sector after a ban on ore shipments and an export tax were imposed nearly two weeks ago. Read More »

US probes new dumping complaints on China solar products

Reuters | January 24, 2014 | International Trade

U.S. trade officials opened investigations into imports of certain solar power products from China and Taiwan, a move that could have a major impact on the nation's fast-growing solar market. Read More »

Tesla China chief unveils aggressive growth plan for China

Reuters | January 24, 2014 | International Trade

U.S. electric carmaker Tesla Motors Inc expects its China sales to contribute one third of global sales growth this year, a senior executive said, adding that a trademark issue stalling full-entry into China had been resolved. Read More »

China set to bar more US corn as GM ban drags on

Reuters | January 24, 2014 | International Trade

China is set to keep rejecting U.S. corn shipments containing an unapproved genetically modified strain at least until the end of March, shrugging off pressure from Washington to swiftly approve the variety developed by crop chemicals giant Syngenta AG. Read More »

US military sees risks in China-Japan tensions, seeks restraint (Updated)

Reuters | January 24, 2014 | International Trade

The top U.S. military commander in the Asia-Pacific region acknowledged his concern on Thursday over entrenched tensions between Japan and China, a day after Japan’s prime minister evoked comparisons to Britain and Germany before World War One. Read More »

Bridgestone buys Indonesian cargo

Reuters | January 23, 2014 | International Trade

Bridgestone Corp, the world's largest tire maker, purchased Indonesian rubber for nearby shipments at prices below 100 U.S. cents a pound, offering some respite to an otherwise depressed physical market, dealers said. Read More »

IBM misses revenue targets again after stumbling in China

Reuters | January 23, 2014 | International Trade

IBM Corp missed revenue expectations for the fourth consecutive quarter as the world's biggest technology services company grappled with weakening demand for its servers and storage equipment, particularly in growth markets like China. Read More »

How Caterpillar got bulldozed in China

Reuters | January 23, 2014 | International Trade

Asia's top mergers and acquisitions bankers gathered two years ago at the swanky Island Shangri La in Hong Kong to celebrate the top deals of 2012. As the transactions were being toasted, one was unraveling. Read More »

China’s Wanxiang plugs Fisker bid, open to Tesla ties

Reuters | January 23, 2014 | International Trade

Billionaire Lu Guanqiu, a former blacksmith's apprentice who built China's biggest auto parts company, says he has an edge over a rival bid for bankrupt U.S. plug-in hybrid car maker Fisker Automotive, and would welcome ties with Tesla Motors Inc., another U.S. electric car maker. Read More »

Tesla unveils pricing strategy for China

Reuters | January 23, 2014 | International Trade

U.S. battery carmaker Tesla Motors Inc has unveiled what it describes as a "competitive" pricing strategy for China aimed at kick-starting sales in the world's biggest auto market, where demand for luxury cars has been booming. Read More »

Lenovo to buy IBM’s low-end server business in China’s biggest tech M&A

Reuters | January 23, 2014 | International Trade

Lenovo Group Ltd has agreed to buy IBM Corp's low-end server business for $2.3 billion as the Chinese PC giant grabs another piece of the computing world in a long-awaited deal. Read More »

China lifts Johnson Controls revenue above estimates

Reuters | January 23, 2014 | International Trade

Johnson Controls Inc reported a fiscal first-quarter profit that met Wall Street expectations and reaffirmed its fiscal 2014 outlook, while sales beat forecasts, helped by higher automobile production, particularly in China. Read More »

US sees hurdles to China joining Pacific trade pact

Reuters | January 23, 2014 | International Trade

Washington wants progress on an investment treaty with Beijing before it considers expanding an eventual Pacific-region trade pact to include China, a top U.S. official said. Read More »