International Trade

Wal-Mart names new head for India business

Reuters | December 13, 2013 | International Trade

Wal-Mart Stores Inc, the world's largest retailer, named Krish Iyer as the new president and chief executive officer of its Indian unit, effective Jan. 20. Read More »

US traders fear rejection of corn byproduct by GMO-wary China

Reuters | December 13, 2013 | International Trade

China has already rejected three cargoes of U.S. corn because of an unapproved GMO variety and now U.S. exporters are concerned some shipments of dried distillers' grains, a corn byproduct, may be rejected for the same reason, trade sources said. Read More »

China’s Xinhua says West must stop ‘meddling’ in Ukraine’s affairs

Reuters | December 13, 2013 | International Trade

Western powers should stop meddling in Ukraine's affairs and manipulating the "opinions of the people" about a trade pact with the European Union, China's official government newswire said. Read More »

Ukraine’s Yanukovich holds crisis talks as thousands mass for rally

Reuters | December 13, 2013 | International Trade

Ukrainian President Viktor Yanukovich made few concessions in crisis talks with the opposition, his first direct attempt to defuse weeks of unrest over a policy swerve to Russia away from Europe. Read More »

China pressures France in wine row despite EU deal

Reuters | December 13, 2013 | International Trade

China is pressing ahead with an investigation into French and Spanish wine exports despite a deal with the European Union to defuse trade tensions, creating unease about Beijing's intentions. Read More »

Russia seeks trade talks with Washington

Reuters | December 12, 2013 | International Trade

Russia proposed a series of bilateral trade negotiations with the United States under the umbrella of a hoped-for new trade agenda between the two countries, a senior Russian official said. Read More »

Apple says death at Pegatron unrelated to working conditions

Reuters | December 12, 2013 | International Trade

The death of a 15-year-old worker was not caused by working conditions at a Pegatron Corp factory, according to medical exports sent to the factory by Apple Inc. Read More »

GM to sell its 7% stake in French automaker Peugeot

Reuters | December 12, 2013 | International Trade

General Motors Co it will sell its entire 7 percent stake in French alliance partner PSA Peugeot Citroen because the investment is no longer necessary. Read More »

China rejects more US corn amid rising trade conflict

Reuters | December 12, 2013 | International Trade

China has blocked the entry of another U.S. corn cargo, and three more may be turned away, after tests found a strain of unapproved genetically-modified (GMO) corn. Read More »

India to allow Nokia to transfer Chennai factory to Microsoft

Reuters | December 12, 2013 | International Trade

Nokia has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as part of the sale of its mobile phone business to Microsoft. Read More »

Google feeds net giants India and China from data centers next door

Reuters | December 12, 2013 | International Trade

Google Inc opened its first two data centers in Asia to cater to the world's fastest growing consumer technology markets, but the company has no plans to open one in China or India. Read More »

Hollande visits Brazil to boost trade, push jet deal

Reuters | December 12, 2013 | International Trade

French President Fran├žois Hollande sought to take advantage of a chill in U.S.-Brazilian relations to push France's business interests during a visit here on Thursday, including its bid for a multibillion-dollar contract to sell fighter jets to Brazil. Read More »

In the land of the holy cow, fury over beef exports

Reuters | December 12, 2013 | International Trade

Symbols of India's emergence as an economic powerhouse line the four-lane highway to Jaipur out of New Delhi: a factory owned by the world's biggest motorbike maker, glass towers housing global call centers, shopping malls for India's burgeoning middle class. Read More »

Amount of dirty money leaving developing world jumped 14% in 2011

Reuters | December 12, 2013 | International Trade

Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found. Read More »

Iran buys cargoes of Indian raw sugar in rare deals

Reuters | December 12, 2013 | International Trade

Iran has bought up to 100,000 tons of Indian raw sugar in rare deals as a wider number of foreign suppliers aim to sell Tehran agricultural commodities after last month's nuclear deal. Read More »

Russia makes new attempt to woo Ukraine, EU waits in wings

Reuters | December 12, 2013 | International Trade

Russian President Vladimir Putin made a new attempt to woo Ukraine after the European Union and United States stepped up efforts to pull Kiev out of its former Soviet master's orbit. Read More »

Russia considers ban on Norway salmon imports

Reuters | December 12, 2013 | International Trade

Russia authorities said they were considering a ban on salmon imports from Norway if they confirm that specialists were barred from inspecting fish farms, a charge which Norwegian authorities and farmers deny. Read More »

EU and Mercosur seek more time for trade proposals

Reuters | December 12, 2013 | International Trade

Europe and South America are seeking more time to agree a free-trade pact and will extend a year-end deadline to say how far they are willing to go to open up their markets into early next year, officials said. Read More »

Ukraine will ‘soon sign’ EU deal, says deputy PM

Reuters | December 12, 2013 | International Trade

Ukraine's first deputy prime minister Serhiy Arbuzov said Kiev would "soon sign" a trade and association agreement with the European Union, but declined to provide any date or deadline. Read More »

Zara owner Inditex says global growth plans on track

Reuters | December 12, 2013 | International Trade

Zara owner Inditex, the world's largest clothing retailer, showed signs of leaving behind months of tepid sales growth as a budding European recovery boosted pre-Christmas trading and it said global expansion plans remained on track. Read More »