International Trade

Brazil auto sales fall for 1st time in decade, rebound looks weak

Reuters | January 07, 2014 | International Trade

Motor vehicle sales in Brazil are likely to stage a feeble recovery in 2014 from their first annual drop in a decade, an industry group said on Tuesday, as tighter credit and higher taxes stifle the world's fourth-largest car market. Read More »

US trade deficit smallest in four years; imports weak

Reuters | January 07, 2014 | International Trade

The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices restrained import growth, the latest evidence of strengthening economic fundamentals. Read More »

US urges Europe to take more action on bank backstops

Reuters | January 07, 2014 | International Trade

The United States would like to see Europe do more to build up its backstops and bank capital, U.S. Treasury Secretary Jack Lew said in Paris, insisting it would be good for the European economy. Read More »

“Boss-napping” returns in France as unionists lock up Goodyear executives

Reuters | January 07, 2014 | International Trade

French trade unionists held two executives overnight at the country's Goodyear tyre plant - a flashpoint for France's troubled industrial relations - to demand higher pay-outs for more than a thousand planned layoffs. Read More »

Indonesia mineral export ban uncertainty starts to bite

Reuters | January 07, 2014 | International Trade

Indonesia's planned mineral export ban - a policy designed to force miners to process their ores domestically - is sending shudders through the economy, with a Singapore-owned nickel miner suspending operations ahead of the Jan. 12 ban. Read More »

Chile port strike blocks some of Codelco’s copper exports

Reuters | January 07, 2014 | International Trade

A Chilean port strike has blocked some of world No. 1 copper miner Codelco’s copper exports and has sliced $130 million off the miner’s December income, the company said on Tuesday. Read More »

Berlin supermarkets discover banana boxes stuffed with cocaine

Reuters | January 07, 2014 | International Trade

Boxes filled with bananas and cocaine were delivered to five Berlin supermarkets in what police on Tuesday called a “logistical error” by drug smugglers. Read More »

Libya’s El Sharara oilfield output climbs, western pipeline reopens

Reuters | January 07, 2014 | International Trade

Output at Libya’s El-Sharara oilfield rose more on Tuesday to over two thirds of full capacity and a pipeline shipping condensate - very light crude - to a western port reopened, marking progress in government efforts to rebuild vital exports. Read More »

Retreating US stimulus poses risk to world recovery

Reuters | January 06, 2014 | International Trade

The world economy should finally overcome its hangover from the global financial crisis this year as growth picks up and house prices rise, but reduced U.S. monetary stimulus will pose a challenge. Read More »

China rejects more US corn due to GMO

Reuters | January 06, 2014 | International Trade

China's quality watchdog has turned away more corn cargoes from the United States due to the discovery of a genetically-modified strain not approved by Beijing and further rejections are likely, traders said. Read More »

Ford revs up in China, roars past Toyota and Honda

Reuters | January 06, 2014 | International Trade

Ford Motor Co. and its local partners boosted sales in China by nearly 50 percent last year, nudging past Japanese giants Toyota Motor Corp. and Honda Motor Co. to make big inroads into the world's largest auto market. Read More »

Ford says December China auto sales up 35% on year

Reuters | January 06, 2014 | International Trade

Ford Motor Co and its local partners in China sold a total of 94,838 vehicles on a wholesale basis in December, an increase of 35 percent from a year earlier, the company said. Read More »

Boeing delivers record 648 jets in 2013

Reuters | January 06, 2014 | International Trade

Boeing Co delivered a record 648 jetliners in 2013, beating its own target and likely securing its place as the world's biggest plane maker for the second year in a row. Read More »

Brazil trade surplus falls sharply in 2013

Reuters | January 06, 2014 | International Trade

Brazil's trade surplus fell to its lowest level in over a decade in 2013, hurt by lower commodities prices, an increase in fuel imports and declining competitiveness among manufacturers. Read More »

Canada auto sales best ever in 2013, Ford still tops

Reuters | January 04, 2014 | International Trade

Canadians bought more vehicles in 2013 than ever before, as consumers brushed off high debt and a slow economic recovery to buy trucks and luxury models, though icy weather limited December purchases, numbers released on Friday showed. Read More »

World manufacturing ends 2013 on a strong note

Reuters | January 02, 2014 | International Trade

Global manufacturing ended 2013 on a strong note as major exporters like Japan, Germany and Italy posted their fastest growth in years, although China's performance remained modest, surveys showed. Read More »

Wal-Mart recalls donkey product in China after fox meat scandal

Reuters | January 02, 2014 | International Trade

Wal-Mart Stores Inc, the world's largest retailer, has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals, the U.S. company said. Read More »

Taiwan’s Ma says ending China standoff a must for the economy

Reuters | January 02, 2014 | International Trade

Ending Taiwan's political standoff with mainland China is necessary to boost Taiwan's sagging economy and to help it integrate more effectively with the region, the island's president, Ma Ying-jeou, said. Read More »

Hyundai, Kia face fading growth as currency tides buoy Japan rivals

Reuters | January 02, 2014 | International Trade

The man who led South Korea's auto industry on a tear through the last decade said Hyundai Motor Co and Kia Motors Corp expect what will be their lowest annual sales growth since 2003 as the weak yen fires up Japanese rivals. Read More »

Asia’s manufacturers buoyant at end 2013, China a question mark

Reuters | January 02, 2014 | International Trade

Asia's manufacturing sector ended 2013 on a strong note, with expansion hitting multi-year highs in export-driven Japan and Taiwan, but signs of moderation in China raises concerns about the outlook for the new year. Read More »