International Trade

​Narrowing trade gap fuels British recovery hopes

AJOT | August 13, 2013 | International Trade

Britain's trade deficit narrowed sharply in June while second quarter construction output grew faster than an official estimate, adding to signs the country's economic recovery is moving onto a more sustainable footing. Read More »

​Whirlpool buys 51% stake in China white goods maker

AJOT | August 13, 2013 | International Trade

Home appliance maker Whirlpool Corp said it will acquire a controlling stake in Hefei Rongshida Sanyo Electric Co Ltd for $552 million to expand in China's fast-growing market for washing machines and fridges. Read More »

​Yum feeling the heat in China as July sales tumble

AJOT | August 13, 2013 | International Trade

The heat seems to be getting to KFC parent Yum Brands Inc in China, after the fast-food chain saw China sales slide in July, with some market watchers saying a lack of focus on cooling drinks and ice cream meant diners looked elsewhere as record hot weather gripping the country. Read More »

​Archer Daniels Midland says late U.S. harvest will keep crop supplies tight

AJOT | August 12, 2013 | International Trade

Archer Daniels Midland (ADM) earnings fall in quarter ended June 30th. Delayed U.S. harvest will keep corn, soy supplies tight Read More »

​Bubblies set to rise 56 percent

AJOT | August 12, 2013 | International Trade

Champagne production forecast up 56% from 2012 but producers still fear unexpected weather events. Read More »

​Dole’s On the Road To Private Ownership

AJOT | August 12, 2013 | International Trade

Dole's CEO raises offer to $13.50 per share from earlier offer of $12 but the Company has 30-day "go-shop" period to solicit other bids Read More »

​U.S. economic growth gauge highest in over three years: ECRI

AJOT | August 12, 2013 | International Trade

A measure of future U.S. economic growth edged up last week to the highest in over three years, while the annualized growth rate improved to its highest in over a month, a research group said on Friday (Aug. 9th). Read More »

​Japan growth slows in 2nd Qtr

AJOT | August 12, 2013 | International Trade

A Reuters report said Japan's economic growth slowed more than expected in the second quarter, offering ammunition to those seeking to temper a planned sales-tax increase even as government debt has risen past 1,000 trillion yen ($10.4 trillion). Read More »

​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 »