International Trade

Yuan rise to play role in big China economic shift

AJOT | March 03, 2011 | International Trade

China is in the early stages of an economic rebalancing act that makes a stronger currency an almost inevitable part of the mix, and a sustained yuan rise may come far sooner than many foreign players are expecting.

Beijing has started taking broad st Read More »

Japanese, Korean firms in $1.8 blllion deal for Brazil rare metal firm

AJOT | March 03, 2011 | International Trade

Nippon Steel Corp , JFE , POSCO and others are teaming up to buy a 15 percent stake in a Brazilian rare metal miner for around $1.8 billion, seeking to fend off China and its voracious appetite for raw materials.

China, needing to fuel its surging eco Read More »

Obama, Mexico’s Calderon seek to ease tensions

AJOT | March 03, 2011 | International Trade

U.S. President Barack Obama and Mexican President Felipe Calderon vowed greater cooperation to combat drugs and arms smuggling and ease trade tensions as they sought to smooth over cross-border differences.

Long-simmering problems between the United S Read More »

Global construction growth to outpace GDP this decade

AJOT | March 03, 2011 | International Trade

Global construction will outpace GDP growth over the next 10 years, with China and India accounting for 38 percent of the $4.8 trillion increase in output by 2020, PricewaterhouseCoopers (PwC) said.

After overtaking the US as the biggest construction Read More »

Ethiopia’s H1 exports increase but miss target

AJOT | March 03, 2011 | International Trade

Ethiopia's exports fell short of target in the first half of its fiscal year when coffee, oil seed and flower sales missed forecasts, trade data obtained by Reuters showed.

The Horn of Africa nation projects it will earn $3 billion in export revenue f Read More »

US manufacturing strongest in nearly 7 years

AJOT | March 01, 2011 | International Trade

The U.S. manufacturing sector grew at its fastest rate in nearly seven years in February, while a gauge of inflation also rose, according to an industry report.

The Institute for Supply Management said its index of national factory activity rose to 61 Read More »

US irked by China’s shrimp duty challenge at WTO

AJOT | March 01, 2011 | International Trade

U.S. trade officials reacted icily to China's decision to challenge U.S. shrimp duties at the World Trade Organization, which they said would complicate efforts to resolve a trade spat involving a number of other U.S. trading partners.

"The United Sta Read More »

Steel imports increase in January on strength of NAFTA imports

AJOT | March 01, 2011 | International Trade

Steel imports increased in January compared to December by 9.4 percent according to preliminary government data. 'Imports from the NAFTA region jumped by 31.3 percent in January over the final data for December, as suppliers in the region responded quick Read More »

McDonald’s pledges more investment in Russia growth

AJOT | March 01, 2011 | International Trade

McDonald's Corp plans to boost investment into expansion of its Russian business this year to increase its foothold in the growing fast food restaurant market amid still sluggish competition.

"We plan to open at least 40 new restaurants this year, and Read More »

WTO opens China to rare earth challenge

AJOT | March 01, 2011 | International Trade

Confidential World Trade Organization findings on China's export limits on raw materials have boosted the case for a European Union challenge to Chinese export curbs on rare earths, sources say.

"China has export restrictions on raw materials that are Read More »

GM blazes trail of small car exports from China

AJOT | March 01, 2011 | International Trade

Flush from heady sales in the world's largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM) blazing the trail with shipments of its Chevy Sail.

Carrying a Chevrolet badge, Sail is the first model j Read More »

Zepol Corp. names Segner VP of Sales

AJOT | March 01, 2011 | International Trade

Zepol Corporation, the leading trade intelligence company, today announced the appointment of Mark Segner as Vice President of Sales. Segner joins the Zepol management team to lead its Account Executives and play a primary role in developing growth strate Read More »

World factory input costs rising sharply

AJOT | March 01, 2011 | International Trade

Factory input costs leapt across the globe in February, the latest sign of rising inflationary pressures, while U.S. and euro zone manufacturing grew at their fastest pace in years, surveys showed.

British manufacturing also grew strongly, at its fast Read More »

US calls China’s Baidu ‘notorious market’

AJOT | March 01, 2011 | International Trade

The United States again put China's top search engine, Baidu Inc, on its annual list of "notorious markets" for counterfeit and pirated goods, fueling U.S. business community hopes for action in Congress against "rogue websites."

The U.S. Trade Repres Read More »

Fresh Del Monte Q4 skids on lower banana prices

AJOT | March 01, 2011 | International Trade

Lower banana prices and bad weather at Fresh Del Monte Produce Inc's pineapple farms pushed the fruit and vegetable producer's quarterly results below market expectations, sending its shares down 7 percent in pre-market trading.

The company, whose pro Read More »

Emerging markets drive up profits at UK industrials

AJOT | March 01, 2011 | International Trade

Demand for steel and chemicals in resource-hungry emerging markets and a weaker pound helped boost a string of British manufacturing companies, results showed, more than offsetting a tepid domestic market.

Rotork and Cookson Group both cited strong ov Read More »

Global PMI shows factories expanding, prices rising

AJOT | March 01, 2011 | International Trade

Global manufacturing activity expanded at its fastest pace since May 2004 in February and prices rose at their sharpest rate in two-and-a-half years, a survey showed.

The Global Manufacturing PMI, compiled by JP Morgan with research and supply organis Read More »

Iran cargo ship, seized in Hong Kong, released

AJOT | February 27, 2011 | International Trade

Iran has secured the release of a container ship seized by authorities in Hong Kong more than three months ago due to sanctions-related problems, the semi-official Fars news agency reported.

Five vessels operated by the Islamic Republic of Iran Shippi Read More »

China denies study on EU telecom subsidies

AJOT | February 27, 2011 | International Trade

China's commerce ministry denied conducting a study on European Union subsidies for telecom firms but said any such trade protectionism is unacceptable.

A faxed statement from the Ministry of Commerce added that it would pay close attention to informa Read More »

Huawei calls on US government to investigate it

AJOT | February 27, 2011 | International Trade

China's Huawei Technologies Co has challenged the United States to launch a formal investigation into its business, in an attempt by one of the world's largest telecommunications equipment makers to clear its name from allegations that have blocked U.S. d Read More »