International Trade

Coface Says US on Positive Watch; Brazil and Thailand on Negative Watch

AJOT | October 15, 2013 | International Trade

Overall, advanced economies are doing better after two years of recession, according to a new country risk outlook by global credit insurer Coface. The eurozone will record modest but positive growth in 2014 (+1%). Within the Economic and Monetary Union, Germany is expected to show a remarkable recovery of 1.8%. France will experience slow growth (0.6%) and the end of the recession is in sight for Spain and Italy. But despite these improvements, the confidence of business leaders has yet to return in Europe. Read More »

AIA Hosts European Aftermarket Leaders for Global Issues Talks

AJOT | October 15, 2013 | International Trade | Transport Intermediaries

To promote cooperation on legislative and technical issues of importance to the economic health of the independent auto care industry on a global basis, the Automotive Aftermarket Industry Association (AAIA) recently hosted leaders of several European and South African aftermarket organizations for week-long talks Read More »

‚ÄčInternational Airlines Group Says Alitalia Rescue Illegal

Reuters | October 14, 2013 | Air Cargo | International Trade

‚ÄčInternational Airlines Group (IAG) said Italy's rescue of near-bankrupt airline Alitalia was "illegal" on Monday and urged the European Commission to intervene. Read More »

Russia Opens Criminal Probe on Potash Producer Urakali

Reuters | October 14, 2013 | International Trade

Russia has opened a criminal investigation into the chief executive of potash producer Uralkali, Vladislav Baumgertner, and will request his extradition from Belarus, federal investigators said on Monday. Read More »

China’s annual consumer inflation rate rose in September

Reuters | October 14, 2013 | International Trade

China's annual consumer inflation rate rose to a seven-month high of 3.1 percent in September as poor weather drove up food prices, limiting the scope for the central bank to maneuver to support the economy even as exports showed a surprise decline. Read More »

Boeing To Restructure Commercial Airplane Strategy

Reuters | October 11, 2013 | Air Cargo | International Trade

Boeing Co said on Thursday that it will restructure its commercial airplane strategy and marketing functions, just days after it lost a $9.5 billion order in Japan, previously its most secure market. Read More »

US Retail Sales In September Reflect Issues With DC Stalemate

Reuters | October 11, 2013 | International Trade

U.S. shoppers remained cautious in September, gravitating toward bargains as their confidence took a hit from political strife in Washington and slow job growth, just weeks ahead of the start of the holiday season. Read More »

South Korea Can Cope With US Bet Issues

Reuters | October 11, 2013 | International Trade

South Korea can cope with a U.S. debt stalemate if it is brief, and welcomes any boost Japan can get from Abenomics - unless Tokyo is using that policy to weaken the yen, the country's finance minister said. Read More »

China Growth May Beat 7.5%

AJOT | October 11, 2013 | International Trade

China's economic growth should exceed 7.5 percent this year, deputy central bank governor Yi Gang was quoted by Xinhua as saying, the latest expression of confidence from Beijing that the world's No. 2 economy is steadying. Read More »

Lack of USDA Monthly Crop Report Hampers Exports

Reuters | October 11, 2013 | International Trade

For the first time in 40 years, farmers, exporters, processors and traders will have to live without a key monthly crop report that they rely on to forecast market direction because of the U.S. government shutdown. Read More »

HIDC supports 54 American companies in their successful entry into the European market

AJOT | October 11, 2013 | International Trade | Transport Intermediaries

HIDC supports 54 American companies in their successful entry into the European market, leveraging the Logistics industry in the Netherlands Read More »

US retailers’ sales rise in September, but shoppers stay cautious

Reuters | October 10, 2013 | International Trade

U.S. shoppers continued to show caution in their spending in September, gravitating toward bargains, as political strife in Washington and slow job growth hurt their confidence with the start of the holiday season just weeks away. Read More »

EU steps up WTO dispute with Russian over car levy

Reuters | October 10, 2013 | International Trade

The European Union asked the World Trade Organization (WTO) to rule on the legality of a recycling fee Russia imposes on imported cars, stepping up a trade dispute between the two. Read More »

EU grants export licenses for out-of-quota sugar

Reuters | October 10, 2013 | International Trade

The European Union will approve export licenses for 650,000 tons of sugar produced in excess of the bloc's annual quota limits, an entry in the bloc's official journal on Thursday showed. Read More »

Wal-Mart, Bharti Enterprises call off India joint venture

Reuters | October 09, 2013 | International Trade

Wal-Mart Stores Inc and Bharti Enterprises are breaking up their Indian joint venture, leaving the world's biggest retailer to go it alone in a country where it has struggled to build a bigger presence. Read More »

South Korea suspends some US beef imports over feed additive

Reuters | October 09, 2013 | International Trade

South Korea has suspended some U.S. beef imports after detecting the cattle feed additive zilpaterol in meat supplied by a unit of JBS USA, raising concerns over how the controversial animal growth enhancer has entered the global supply chain. Read More »

Japan worries about Boeing retreat in wake of JAL defection

Reuters | October 09, 2013 | International Trade

For five decades Boeing Co. has awarded bigger and bigger shares of its supply contracts to Japanese firms, but that could change after Japan Airlines' shock defection to Airbus and as the planemaker seeks to win orders in China. Read More »

Apollo bid for Cooper at risk unless price is cut

Reuters | October 09, 2013 | International Trade

Funding for Apollo Tires' $2.5 billion bid for U.S.-based Cooper Tire & Rubber Co is in jeopardy unless the deal price is cut to reflect the risk of higher costs stemming from labour issues, sources with direct knowledge of the matter said. Read More »

Sharply lower September trade gap bright spot for India’s economy

Reuters | October 09, 2013 | International Trade

India's trade deficit narrowed to a two-and-a-half-year low in September, raising hopes for a significant reduction in the country's gaping current account deficit, which helped send the rupee to record lows in recent months. Read More »

Kenya seizes ivory smuggled in seed sacks destined for Turkey

Reuters | October 09, 2013 | International Trade

Kenyan officials have seized more than 1,600 pieces of illegal ivory recently weighing almost five tons and hidden inside sesame seed sacks destined for Turkey, wildlife officials said. Read More »