International Trade

Cummins posts better-than-expected profit on engine, part sales

AJOT | July 29, 2013 | International Trade

Cummins Inc reported a better-than-expected quarterly profit, citing higher demand for its medium-duty truck engines and vehicle components in North America, China and Brazil. Read More »

Rockwell Automation profit jumps past Wall Street views

AJOT | July 29, 2013 | International Trade

Rockwell Automation Inc, which makes systems that help factories run more smoothly, posted a quarterly profit well above analysts' forecasts on Tuesday, helped by sales increases in most of its geographic regions. Read More »

TRW posts stronger-than-expected profit, boosts sales outlook

AJOT | July 29, 2013 | International Trade

Auto parts supplier TRW Automotive Holdings Corp posted a stronger-than-expected quarterly profit due to increased demand for cars and trucks in North America and China, and boosted its full-year sales outlook. Read More »

United Fresh welcomes FDA’s proposed food safety rules for foreign verification of imported foods.

AJOT | July 28, 2013 | International Trade

United Fresh Produce Association welcomes the release of two proposed food safety rules under the Food Safety Modernization Act (FSMA) of 2011. Read More »

China agrees to talks on French wine dispute, EU says

AJOT | July 28, 2013 | International Trade

China and the European Union have agreed there is a "window for discussions" to try to resolve accusations that Europe is dumping wine in China, the EU's trade chief said. Read More »

China should probe foreign luxury carmakers over prices

AJOT | July 28, 2013 | International Trade

Foreign carmakers are reaping exorbitant profits selling imported luxury cars in China and should face an anti-trust investigation, the official Xinhua News Agency said, in what may amount to a shot across the bow of foreign auto firms. Read More »

With EU sales likely capped, China solar firms will need new markets

AJOT | July 28, 2013 | International Trade

A weekend deal between Beijing and Brussels to regulate trade in solar panels will limit Chinese firms' growth prospects in the European Union, the world's largest solar market, and force them to step up sales to 'emerging' markets at home and in the Unit Read More »

Kenya tea exports hurting from Egypt unrest

AJOT | July 28, 2013 | International Trade

Kenya's tea exports to Egypt have fallen in the past three weeks, hurt as turmoil in the biggest market for the top grade Kenyan product hit sales, traders said. Read More »

Corn, soy, canola growers stand firm on Title 1 Programs prior to Farm Bill Conference

AJOT | July 25, 2013 | International Trade

In a letter to leaders of the House and Senate Agriculture Committees, the American Soybean Association (ASA), National Corn Growers Association (NCGA) and the U.S. Canola Association (USCA) made it clear that their position in favor of more market-orient Read More »

How Samsung is beating Apple in China

AJOT | July 25, 2013 | International Trade

Apple Chief Executive Tim Cook believes that "over the arc of time" China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd , which has been around far longer and penetrated much deepe Read More »

Amazon’s overseas weakness overshadows strength at home

AJOT | July 25, 2013 | International Trade

Amazon.com Inc forecast disappointing income and revenue as it grapples with a weaker international market, overshadowing improving profitability and economic conditions in the United States. Read More »

Frustrated EU warns Ukraine time is running out for trade talks

AJOT | July 25, 2013 | International Trade

The European Union warned Ukraine that time was running out to resolve a number of bilateral trade disputes and secure the signing of a landmark free trade agreement, after the latest round of talks produced no results. Read More »

Kenya to streamline Uganda, Rwanda customs, job losses feared

AJOT | July 25, 2013 | International Trade

Kenya said it would cut red tape holding up millions of dollars of imports into its landlocked neighbours Rwanda and Uganda, by letting the countries collect customs on goods as they arrive in its port at Mombasa. Read More »

Mexican factory exports dip in June

AJOT | July 25, 2013 | International Trade

Mexican-made factory exports dipped in June, underscoring vacillating U.S. demand that has weighed on growth this year in Latin America's second-biggest economy. Read More »

Obama, Vietnam leader agree on trade but clash on human rights

AJOT | July 25, 2013 | International Trade

U.S. President Barack Obama and Vietnamese President Truong Tan Sang pledged to finish talks on a regional free-trade agreement by the end of the year, but the two leaders clashed over human rights during a White House meeting. Read More »

Smithfield’s China deal spurs heparin heart drug safety concerns

AJOT | July 25, 2013 | International Trade

U.S. lawmakers are concerned a Chinese company's planned $4.7 billion acquisition of pork producer Smithfield Foods Inc could affect the safety and availability of heparin, a blood-thinner widely used in heart surgery and kidney dialysis that is derived f Read More »

Why China pays over the odds for its medicines

AJOT | July 25, 2013 | International Trade

China has a drug problem. While most Western countries spend 10-12 percent of their healthcare budget on medicines, in China it is well over 40 percent, a disparity that goes to the heart of Beijing's crackdown on the industry. Read More »

Biden seeks to assure India on Afghanistan, presses on trade

AJOT | July 24, 2013 | International Trade

US Vice President Joe Biden sought to ease Indian concern about a possible political settlement with the Afghan Taliban, saying the insurgents would have to give up ties to al Qaeda and accept the Afghan constitution that guarantees equal treatment to wom Read More »

China group urges tougher restrictions on solar material imports

AJOT | July 24, 2013 | International Trade

Chinese manufacturers are pressuring Beijing to take further measures to curb imports of raw materials used to make solar panels to help revive an ailing green-energy sector, an industry official said. Read More »

China growth picture may dim but for Caterpillar it’s a bright spot

AJOT | July 24, 2013 | International Trade

Few U.S. companies have had a harder time in recent months defending their enthusiasm for China than Caterpillar Inc. Read More »