International Trade

​Full report on manufacturers’ shipments, inventories and orders

AJOT | August 02, 2013 | International Trade

Summary. New orders for manufactured goods in March, down two of the last three months, decreased $19.5 billion or 4.0 percent to $467.3 billion, the U.S. Census Bureau reported today. This followed a 1.9 percent February increase. Excluding transportation, new orders decreased 2.0 percent. Read More »

​GM splits China from international unit, hires former Volvo CEO

AJOT | August 02, 2013 | International Trade

General Motors Co said it has split the critical China operations from its international unit, which will now be run by the former chief executive of Swedish automaker Volvo. Read More »

​India eases retail sector rules to lure foreign supermarkets

AJOT | August 02, 2013 | International Trade

India relaxed sourcing and investment rules for the retail sector in a renewed attempt to attract foreign supermarket chains such as Wal-Mart Stores and Tesco. Read More »

India revokes GSK cancer drug patent in latest Big Pharma blow

AJOT | August 02, 2013 | International Trade

India has revoked a patent granted to GlaxoSmithKline Plc for breast cancer drug Tykerb, a decision that follows a landmark India court ruling disallowing patents for incremental innovations that was a blow to global pharmaceutical firms. Read More »

​Move over Bordeaux: French premium winemakers eye China vintage

AJOT | August 02, 2013 | International Trade

In a few remote corners of China, two of France's top winemakers have more on their minds than a trade row with their most promising export market. Read More »

​US to keep zero-duty access to EU high-quality beef market

AJOT | August 02, 2013 | International Trade

The European Union will continue to import high-quality U.S. beef from non-hormone-treated cattle at zero duty, extending an agreement for at least another two years, U.S. authorities said. Read More »

​Chinese thirst for dairy imports brings hope for EU farmers

AJOT | August 01, 2013 | International Trade

The sight of China's companies and even tourists buying up European baby milk products has given farmers a glimpse of what could be the export upside of an at times feared opening up of Europe's dairy market. Read More »

​Drugmakers fear short-term ‘turmoil’ as China probes widen

AJOT | August 01, 2013 | International Trade

Chinese authorities visited a regional office of French drugmaker Sanofi in the latest sign of a widening investigation into Western drug makers. Read More »

​India eases sourcing, investment rules for foreign supermarkets

AJOT | August 01, 2013 | International Trade

India eased investment rules for the retail sector on Thursday, allowing foreign supermarket operators to procure from small businesses which have invested no more than the equivalent of $2 million in plant and machinery, Trade Minister Anand Sharma told reporter Read More »

​India to probe claims multinationals break baby milk law

AJOT | August 01, 2013 | International Trade

The government said it would investigate allegations by charities that multinational corporations Nestle, Heinz and Abbott were breaking the law by promoting milk formula and infant cereals and undermining efforts to boost breastfeeding in the country. Read More »

​Pakistan rice shipment rejected by US customs over invasive pest

AJOT | August 01, 2013 | International Trade

A shipment of rice from Pakistan was refused entry into the United States after U.S. Customs and Border Protection (CBP) agriculture specialists discovered Khapra beetles, an invasive species, in the shipment, the agency said in a release. Read More »

​South Korea July data shows global demand hampering recovery

AJOT | August 01, 2013 | International Trade

South Korean exports grew far less than expected in July and a measure of manufacturing activity slumped to the worst in nearly a year, data showed on Thursday, suggesting global demand has yet to turn to underwrite a firm recovery in Asia's fourth-largest economy. Read More »

AB InBev reassures on Brazil and US with profit jump

AJOT | July 31, 2013 | International Trade

Anheuser-Busch InBev, the world's largest beer maker, sold less beer but made more money than expected in the second quarter as drinkers absorbed price hikes and traded up to premium lagers. Read More »

Thailand sees modest Q2 growth though exports slip

AJOT | July 31, 2013 | International Trade

Thailand's economy is expected to grow modestly in the second quarter even as exports fell for a second month in June dampened by tepid global demand, the central bank said. Read More »

US drinkers offset slower emerging markets for Diageo

AJOT | July 31, 2013 | International Trade

Demand from U.S. drinkers for expensive whiskies and new spirits is helping Diageo to offset slowing growth in some emerging markets, the world's biggest spirits maker said, echoing a trend seen elsewhere in the luxury sector. Read More »

Russia targets Ukrainian confectionery in escalating trade row

AJOT | July 31, 2013 | International Trade

Russia barred confectionery imports from Ukrainian firm Roshen citing health concerns, the latest in a string of trade restrictions on both sides. Read More »

Afghanistan eyes Iran deal to boost trade to Europe, India

AJOT | July 29, 2013 | International Trade

Afghanistan hopes an agreement with Iran to use one of its ports will help boost exports to Europe and India and reduce its dependence on neighboring Pakistan's ports for trade. Read More »

Coach Inc. sees weakness in North America

AJOT | July 29, 2013 | International Trade

Coach Inc again reported soft sales at its North American stores as it continued to face tough competition for handbag shoppers, and the leather goods maker announced the departures of two more executives. Read More »

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 »