International Trade

US aligns beef rules with global mad cow standards

Reuters | November 04, 2013 | International Trade

The United States issued new import rules for cattle and beef that will comply with international standards for the prevention of mad cow disease, saying the step could ultimately boost U.S. beef exports. Read More »

US panel allows import probe of steel rebar from Mexico, Turkey

Reuters | November 04, 2013 | International Trade

A U.S. trade panel cleared the way for the Commerce Department to continue an investigation that could lead to duties on steel rebar imports from Mexico and Turkey. Read More »

Indonesia’s 2013 cocoa exports to drop 14%

Reuters | November 04, 2013 | International Trade

Indonesia's cocoa exports are expected to drop about 14 percent from a year ago to 140,000 tons in 2013, said an industry body, which also reversed its earlier forecast for a rise in output, citing crop-damaging wet weather. Read More »

India asks IBM to pay $866 million in outstanding tax

Reuters | November 04, 2013 | International Trade

Indian tax authorities have asked IBM's Indian unit to pay 53.57 billion rupees ($866.20 million) in outstanding income tax on fiscal 2009 revenue, media reported. Read More »

China’s BYD says will hire more US employees for California plant

Reuters | November 04, 2013 | International Trade

Warren Buffett-backed Chinese carmaker BYD Co Ltd. said it would hire more local employees at its new electric bus factory in California, its latest response to criticism that it violated labor rules in the United States. Read More »

Bangladesh in spotlight as board urges 77% garment wage rise

Reuters | November 04, 2013 | International Trade

Bangladesh's official wage board proposed a 77 percent rise in the minimum wage for garment workers after a string of fatal factory accidents this year thrust poor pay and conditions into the international spotlight. Read More »

Amazon tries free, on-time delivery to lure India online

Reuters | November 01, 2013 | International Trade

Free shipping on a 100 rupee ($1.60) book. Delivery times guaranteed to the minute. Read More »

South Korea’s record October exports, strong industry index, cheer growth outlook

Reuters | November 01, 2013 | International Trade

South Korean exports last month handily beat expectations to set a record and the manufacturing sector had its best month in five -- affirming a nascent global recovery and improving the prospects of sustained growth. Read More »

Asia factory activity picks up

Reuters | November 01, 2013 | International Trade

Asia's factory sectors grew at their fastest pace in months in October led by China, providing some signs of a pick up in global demand as export orders expand. Read More »

Japan starts trade case over Ukraine tariffs on auto imports

Reuters | October 31, 2013 | International Trade

Japan launched a case against Ukrainian tariffs on a range of passenger automobiles, arguing they violate global trade rules, the World Trade Organization (WTO) said. Read More »

China revives steel fastener trade dispute with EU

Reuters | October 31, 2013 | International Trade

China has relaunched a long-running dispute with the European Union over steel bolts and screws, complaining that Brussels has not brought anti-dumping measures on the product into line with a trade panel ruling. Read More »

China extends probe into European polysilicon imports

Reuters | October 31, 2013 | International Trade

China is to extend a probe into imports of European polysilicon, used for making solar panels, by six months, the Commerce Ministry said, citing the "complicated circumstances" of the case. Read More »

AB InBev profit rises on rapid Mexican cost savings

Reuters | October 31, 2013 | International Trade

Anheuser-Busch InBev, the world's largest brewer, beat third-quarter profit forecasts as rapid cost savings in Mexico and higher prices helped offset sagging beer sales in its giant Brazilian market. Read More »

US meat-labeling law, a WTO issue, now farm bill target

Reuters | October 31, 2013 | International Trade

Members of a select House-Senate panel targeted for potential repeal a U.S. meat-labeling law that Mexico and Canada have challenged as a violation of world trade rules, and that U.S. meatpackers also oppose. Read More »

Germany rejects US criticism of export reliance

Reuters | October 31, 2013 | International Trade

Angela Merkel's conservatives rejected U.S. criticism of Germany's dependence on exports but her likely future coalition partner agreed Europe's bulwark economy must do more to spur domestic demand. Read More »

Wal-Mart in projects to make shoes, curtains, jars in US

Reuters | October 31, 2013 | International Trade

The world's largest retailer Wal-Mart Stores Inc announced three new manufacturing projects by suppliers in the United States to produce footwear, curtains and glassware as part of a broader commitment to "buy American." Read More »

Fuji Heavy forecasts bumper profits as Subaru demand takes off

Reuters | October 31, 2013 | International Trade

Fuji Heavy Industries bumped up its forecast for record profits this year by another 40 percent and announced its sixth increase in production capacity in barely a year as it struggles to meet demand for its Subaru cars. Read More »

US lawmakers demand strong IP protections in EU trade deal

Reuters | October 31, 2013 | International Trade

At a hearing before the Senate Finance Committee on the potential benefits of the Transatlantic Trade and Investment Partnership, or TTIP, lawmakers and business executives said strict intellectual property protections are an incentive for innovation and would not have the opposite effect as some fear. Read More »

Spain current account surplus almost triples y/y in August

Reuters | October 31, 2013 | International Trade

Spain's current account surplus almost tripled in August from a year earlier, the Bank of Spain said on Thursday, reaching its second highest level in 15 years on the back of surging exports and sliding imports. Read More »

EU, IMF coordinate on Ukraine as Russia threat looms

Reuters | October 31, 2013 | International Trade

The European Union is in advanced discussions with the International Monetary Fund on providing standby financing to Ukraine should the country come under economic pressure from Russia later this year, senior EU officials have told Reuters. Read More »