International Trade

​Retailers report higher sales for July

AJOT | August 12, 2013 | International Trade

Reuters is reporting that eleven retailers that still release monthly sales figures for stores open at least a full year reported a combined 3.9 percent gain, missing the 4.4 percent increase analysts expected, according to Thomson Reuters. Read More »

​China poised to become the world’s largest net oil importer later this year

AJOT | August 09, 2013 | International Trade

EIA's August 2013 Short-Term Energy Outlook (STEO) forecasts that China's net oil imports will exceed those of the United States by October 2013 on a monthly basis and by 2014 on an annual basis, making China the largest importer of oil in the world. Read More »

​EPA Maintains Key RFS Volumes for 2013, Signals Potential Changes to 2014 Volumes

AJOT | August 09, 2013 | International Trade

The United States Environmental Protection Agency (EPA) announced the finalization of its proposed Renewable Fuel Standard (RFS) volume requirements for 2013 for conventional biofuels, cellulosic biofuels, and the total amount of Advanced Biofuels. EPA had previously finalized the 2013 volume requirements for biomass-based diesel at 1.28 billion gallons. Read More »

​US Wholesale Inventories Fall in June

AJOT | August 09, 2013 | International Trade

U.S. wholesale inventories unexpectedly fell for a second straight month in June, prompting economists to trim their second-quarter economic growth estimates. Read More »

Automakers Signal Continued Shift to Aluminum at 2013 Management Briefing Seminars

AJOT | August 09, 2013 | International Trade

Traverse City, Mich., August 8, 2013 – Consistent with the metal’s continued marketplace momentum, automotive aluminum shined bright this week at the 2013 Center for Automotive Research Management Briefing Seminars. Read More »

PetroChina and Exxon Mobil In Iraq Field Deal

AJOT | August 09, 2013 | International Trade

China is already the top foreign player in Iraq's oilfields. A deal at West Qurna, which is around 50 km northwest of the southern oil hub of Basra, would boost its dominance and could make PetroChina the biggest single foreign investor in Iraqi oil. Read More »

​TESCO To Fold Own China Operations, Opts For Minority Deal

AJOT | August 09, 2013 | International Trade

Reuters reports that after nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run company as a minority partner, becoming the latest foreign retailer to give up on trying to crack China on its own. Read More »

​2013 underlying earnings of $4.2 billion down 18 percent

AJOT | August 09, 2013 | International Trade

​2013 underlying earnings of $4.2 billion down 18 per cent reflect lower average market prices and a higher effective tax rate, partly offset by record iron ore shipments and cost savings momentum. Read More »

​Canadian Solar sees lower shipments as European sales slump

AJOT | August 08, 2013 | International Trade

Canadian Solar Inc forecast lower shipments and margins for the current quarter as its market share shrinks in the European Union, the biggest solar market where the EU plans to cap imports of cheap solar panels made in China. Read More »

​German exports struggle to regain momentum in June

AJOT | August 08, 2013 | International Trade

German exports missed forecasts in June and imports surprisingly fell, suggesting sales of goods and services abroad may drag on growth in the second quarter, although other data have pointed to a pickup. Read More »

​Mexican emerges as global sugar supplier

AJOT | August 08, 2013 | International Trade

Mexico will ship more than 700,000 tons of sugar to world markets outside of the United States in the 2012/13 crop year as the country becomes a global supplier for the first time in at least a decade, according to the chief of a trade association representing cane mill owners. Read More »

​Robust China trade data, dollar weak

AJOT | August 08, 2013 | International Trade

Signs of resilience in China's slowing economy helped end a 3-day selloff in world equities prompted by talk the U.S. Federal Reserve could soon wind back its stimulus program. Read More »

​Solar crisis drags Germany’s SMA into loss

AJOT | August 08, 2013 | International Trade

Plunging prices for solar equipment caused a bigger than expected loss at SMA Solar , putting more pressure on Germany's top sector player to escape a crisis that has rattled most parts of the industry. Read More »

​Unexpected strength in China trade data eases some gloom

AJOT | August 08, 2013 | International Trade

Surprisingly firm rebounds in China's exports and imports in July offered some hope that the world's second-largest economy might be stabilizing after more than two years of slowing growth, although an imminent rebound still looks unlikely. Read More »

​Volatile China commodities imports rebound in July

AJOT | August 08, 2013 | International Trade

China's imports of crude and iron ore rebounded from multi-month lows to hit record highs in July, as more raw materials were shipped in to rebuild depleted stocks, amid tentative signs of stabilizing activity in the world's second-largest economy. Read More »

​ADM wins Korean approval for GrainCorp deal, needs China

AJOT | August 07, 2013 | International Trade

Archer Daniels Midland Co said that South Korea had cleared the grain trader's takeover of GrainCorp Ltd, leaving China and Australia as the last two countries that need to approve the deal. Read More »

​China fines milk powder makers $110 million for price fixing

AJOT | August 07, 2013 | International Trade

China fined six companies including Mead Johnson Nutrition Co, Danone and New Zealand dairy giant Fonterra a total of $110 million following an investigation into price fixing and anti-competitive practices by foreign baby formula makers. Read More »

​India relaxes steel import standards

AJOT | August 07, 2013 | International Trade

India said some steel products can be imported for certain critical applications without local quality certification, a move that could further hit domestic suppliers after imports rose 15 percent last fiscal year. Read More »

India to milk advantage from curbs on New Zealand dairy products

AJOT | August 07, 2013 | International Trade

India, the world's biggest milk producer, hopes to seize on a New Zealand dairy product contamination scare to increase its exports and add market share in China and other emerging Asian countries. Read More »

​US GDP likely to get boost from smaller trade gap

AJOT | August 07, 2013 | International Trade

The U.S. economy likely grew faster than initially reported in the second quarter, thanks to a sharp narrowing in the trade deficit to its lowest in more than 3-1/2 years in June as exports touched a record high and imports fell. Read More »