International Trade

Brazil auto production drops 10.7% in November

Reuters | December 05, 2013 | International Trade

Automobile production in Brazil fell 10.7 percent and sales fell 8.3 percent in November from October, the national automakers' association said. Read More »

Baltic index up as capesize rates jump

Reuters | December 05, 2013 | International Trade

The Baltic Exchange's main sea freight index, which gauges the cost of shipping bulk commodities such as iron ore, grain, coal and fertiliser, rose for the ninth straight day on Thursday, as capesize rates jumped. Read More »

China’s free trade zone plans herald quicker FX reforms

Reuters | December 04, 2013 | International Trade

China plans to roll out financial sector reforms in the Shanghai special economic zone in the next three months and most will be implemented in a year, suggesting authorities are accelerating the pace of dismantling capital account controls. Read More »

Euro zone weak recovery confirmed, Oct retail sales disappoint

Reuters | December 04, 2013 | International Trade

Rising inventories and investment kept euro zone economic growth in positive territory in the third quarter despite a negative contribution from trade and no help from household demand which weakened further in October, data showed. Read More »

Ukraine protesters threaten tighter blockade over spurned EU pact

Reuters | December 04, 2013 | International Trade

Ukraine's government faced a tightening blockade of key buildings by protesters in the capital Kiev amid a crisis over its rejection of closer ties with the European Union that has piled pressure on the creaking economy. Read More »

US trade deficit narrows as exports hit record high

Reuters | December 04, 2013 | International Trade

The U.S. trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand that should help to support domestic growth in the fourth quarter. Read More »

China rejects US corn cargoes for GMO amid domestic glut

Reuters | December 04, 2013 | International Trade

China has rejected five batches of U.S. corn tainted with a genetically-modified strain not yet approved by its agriculture ministry, a move that could discourage imports amid a growing domestic supply surplus. Read More »

GM November China auto sales up 13.3%

Reuters | December 04, 2013 | International Trade

General Motors Co and its Chinese joint ventures sold 294,500 vehicles in China in November, a 13.3 percent increase from a year earlier, the U.S. automaker said. Read More »

Wal-Mart pays lawyer fees for dozens of executives in bribery probe

Reuters | December 04, 2013 | International Trade

Wal-Mart Stores Inc is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter, an unusually high number that shows the depth of the federal probe. Read More »

Philip Morris, Japan Tobacco spend $1.5 billion on Russian distributor

Reuters | December 04, 2013 | International Trade

Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes for $750 million each in Russian distributor Megapolis, strengthening their grip on the world's No. 2 cigarette market after China. Read More »

US concern over Huawei telecoms deal with South Korea

Reuters | December 04, 2013 | International Trade

The heads of two U.S. Senate committees overseeing national security have expressed concern to the Obama administration over a recent network supply deal between China's Huawei Technologies Co Ltd and Washington ally South Korea. Read More »

China Mobile briefly takes pre-orders for iPhones

Reuters | December 04, 2013 | International Trade

China Mobile Ltd, the world's largest mobile phone carrier, has quietly begun taking pre-orders for Apple Inc's iPhones, according to a report on Fortune.com. Read More »

China Rongsheng flags full-year loss as shipping slump takes toll

Reuters | December 04, 2013 | International Trade

China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, said on Wednesday it expects to report a substantial full-year loss just months after it appealed to the government for financial help. Read More »

China’s yuan surpasses euro as 2nd most-used currency in trade finance

Reuters | December 03, 2013 | International Trade

China's yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organization SWIFT said. Read More »

China challenges US anti-dumping measures at WTO

Reuters | December 03, 2013 | International Trade

China launched a trade dispute against the United States to challenge Washington's accusations that China has dumped cheap exports on the U.S. market, the World Trade Organization said in a statement. Read More »

China finds unapproved GMO corn in more US cargoes, rejection likely

Reuters | December 03, 2013 | International Trade

China, one of the world's largest corn importers, is likely to reject more U.S. shipments of the grain after they were found to contain a genetically modified variety not approved by Beijing, traders said. Read More »

Protests show Putin the battle for Ukraine is not over

Reuters | December 03, 2013 | International Trade

Protests by hundreds of thousands of people in Ukraine against their leaders' U-turn over Europe have sent a warning to Vladimir Putin that the battle over the former Soviet republic's future is far from over. Read More »

German carmakers look abroad to boost production

Reuters | December 03, 2013 | International Trade

German carmakers' overall output is set to rise for the fifth year in 2014, driven by overseas production, industry association VDA said, meaning little boost for the domestic economy. Read More »

Global recovery still too weak, South Korea data shows

Reuters | December 02, 2013 | International Trade

Exports by industrial powerhouse South Korea showed virtually no growth last month, underlining a still fragile global economy squeezed by a depressed Europe as growth slows in emerging markets. Read More »

Bali talks to decide fate of WTO

Reuters | December 02, 2013 | International Trade

Crisis is the natural state of world trade negotiations. But this week will be different. Read More »