International Trade

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 »

Ukraine pro-Europe protesters hold first big rally of 2014

Reuters | January 13, 2014 | International Trade

At least 50,000 opponents of Ukrainian President Viktor Yanukovich rallied in a central Kiev square on Sunday, reviving an anti-government protest movement after a Christmas and New Year lull. Read More »

In Japan, Detroit demands broad access but targets narrow niche

Reuters | January 13, 2014 | International Trade

American "muscle car" enthusiast Satoshi Kimiwada says his business selling used Chevrolet Camaros, Ford Mustangs other U.S. cars in Yokohama is on the verge of extinction. Read More »

China’s ambitious handset makers face tough sell in US

Reuters | January 13, 2014 | International Trade

LG Electronics executive Frank Lee bounded onto a Las Vegas stage this week to show off a new phone for the U.S. market, the 6-inch G-Flex, which boasts a curved screen. Read More »

Volvo Cars returns to profit, aims for faster US growth than market

Reuters | January 13, 2014 | International Trade

Chinese-owned Swedish carmaker Volvo Car Group has returned to profit and is aiming for a bigger share of the market in the United States, its biggest market, in 2014. Read More »

Indonesia export ban leaves mining in turmoil, nickel prices rally

Reuters | January 13, 2014 | International Trade

Indonesia's mining sector was left in turmoil after the government pushed through a controversial ban on exporting unprocessed mineral exports. Read More »

Li & Fung to start factory safety consulting unit

Reuters | January 13, 2014 | International Trade

Li & Fung Ltd. plans to launch a unit that consults on factory safety in the aftermath of a 2012 fire in a garment plant in Bangladesh that killed 112 workers, the Wall Street Journal reported. Read More »

India anti-graft party shelves foreign supermarket entry into Delhi

Reuters | January 13, 2014 | International Trade

The newly elected provincial government in India's national capital on Monday barred foreign supermarkets from setting up shop, a blow to Prime Minister Manmohan Singh's efforts to attract overseas investment and revive the economy. Read More »

China renewal of GMO corn import certificates good sign

Reuters | January 13, 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 on Monday. Read More »

Prices rise on Colombian supply uncertainty

Reuters | January 13, 2014 | International Trade

European coal prices rose on Monday, keeping above South African and Australian prices going into a third week, due to uncertainty about Colombian supplies and rising German power prices. Read More »

India’s industrial output shrinks, trade gap widens

Reuters | January 10, 2014 | International Trade

India's economic woes worsened with a surprise contraction in industrial production and a wider trade deficit, adding to troubles of the ruling alliance as it heads into a tough national election seeking a third term. Read More »