International Trade

Tanzania urges China to curb ivory demand to save elephants

Reuters | June 18, 2015 | International Trade

A Tanzanian government minister described elephant poaching as a national disaster, and urged China to curb its appetite for ivory. Read More »

China steel exports said to be sold at a loss as backlash grows

Reuters | June 18, 2015 | International Trade

Some Chinese steelmakers are selling their output abroad at a loss, according to traders and a producer, as a group of global industry bodies urged governments to take action over rising shipments from China. Read More »

China condemns efforts to find fault with new infrastructure bank AIIB

Reuters | June 18, 2015 | International Trade

China's Foreign Ministry condemned efforts to cast doubt on governance issues facing the country's new Asian Infrastructure Investment Bank (AIIB), saying attention should focus instead on finding ways to tackle regional problems. Read More »

India raises duties on some steel products to counter Chinese imports

Reuters | June 18, 2015 | International Trade

India has raised duties on certain steel products by up to 2.5 percentage points, as domestic producers struggle to cope with surging cheap imports from China and Russia, among others. Read More »

Italy seizes four tons of cocaine, smashes mafia trafficking ring

Reuters | June 18, 2015 | International Trade | Ports & Terminals

Italian police have seized more than 4 tons of cocaine worth 1 billion euros ($1.13 billion) on the street and arrested dozens of people suspected of running a huge mafia drug trafficking ring, a police official said. Read More »

China third largest export market for American goods

AJOT | June 18, 2015 | International Trade

The US-China Business Council’s (USCBC) annual report on US exports to China shows that China continues to be an important destination for American goods and a significant contributor to US economic growth, despite a slowdown versus previous years. Read More »

Core consumer prices in U.S. increased less than forecast in May

Bloomberg | June 18, 2015 | International Trade

The cost of living in the U.S. excluding food and fuel rose less than forecast in May, a sign inflation may take time to meet the Federal Reserve’s goal. Read More »

Greek pensions tangle shows there’s no easy way out of impasse

Bloomberg | June 18, 2015 | International Trade

To find out why Greece’s pension system is tying negotiators up in knots, look no further than Maria Kounani, 59, a mother of two, single parent and early retiree. Read More »

Consumer comfort in U.S. climbs after falling record nine weeks

Bloomberg | June 18, 2015 | International Trade

Consumer confidence stabilized after falling a record nine straight weeks as Americans became less downbeat about the economy. Read More »

Merkel says Greece deal still possible only if Tsipras moves

Bloomberg | June 18, 2015 | International Trade

Chancellor Angela Merkel said a deal with Greece is still possible provided the Greek government follows through on the economic-reform pledges made to creditors. Read More »

Modi boosts odds of India rate cut with curbs on crop prices

Bloomberg | June 18, 2015 | International Trade

The door to another interest-rate cut in India has cracked open an inch. Read More »

Merkel Speech on Greece said aimed at avoiding escalation on aid

Bloomberg | June 18, 2015 | International Trade

Angela Merkel plans to steer clear of confrontation with Greece in a speech to German lawmakers that will attempt to tone down the rhetoric over financing Europe’s most indebted country, according to a person familiar with the government’s strategy. Read More »

Greece at crossroads as Merkel tries to get talks on track

Bloomberg | June 18, 2015 | International Trade

With Greece’s fate in balance, European finance ministers converge on Luxembourg with little hope for a deal as German Chancellor Angela Merkel seeks to restore calm to increasingly rancorous exchanges. Read More »

Cosco and BJC to build Petrobras oil-platform units, Galp says

Reuters | June 17, 2015 | Energy | Maritime | International Trade

China Ocean Shipping Co and Thailand’s BJC Heavy Industries Plc have won a contract to build 24 natural-gas compressors for six oil platforms being built by Brazil’s Petrobras and its partners in two giant offshore oil areas, one of those partners said on Wednesday. Read More »

Petrobras, partners in Brazil’s Lula may buy ships abroad

Reuters | June 17, 2015 | International Trade

Brazil’s state-run oil company Petrobras and its partners in the giant Lula offshore oil field may renegotiate contracts for platforms and other equipment, reducing delays by buying goods outside Brazil, the Brazil chief of partner Galp Energia SGPS SA said on Wednesday. Read More »

Contagion is back as Greece risks Trump QE on Europe’s Periphery

Bloomberg | June 17, 2015 | International Trade

Europe’s peripheral nations are facing the highest borrowing costs in at least six months as investors shun the issuers that may be most at risk if Greece defaults. Read More »

Tsipras Ready to Take Responsibility for Rejecting Aid Deal

Bloomberg | June 17, 2015 | International Trade

Greek Prime Minister Alexis Tsipras said he’s ready to take responsibility for rejecting the terms of a deal on aid if creditors demands are unacceptable. Read More »

Falling Asian exports have India producers banking on Yellen

Bloomberg | June 17, 2015 | International Trade

Count Indian exporters among those closely watching Federal Reserve Chair Janet Yellen this week. Read More »

Japan exports rise less than forecast, headwind to recovery

Bloomberg | June 17, 2015 | International Trade

Japan’s exports rose at the slowest pace in May since a decline in August last year, sapping a recovery in the world’s third-biggest economy. Read More »

Taiwan buys 97,420 tons of U.S.-origin wheat in tender

Reuters | June 17, 2015 | International Trade

The Taiwan Flour Millers’ Association has purchased 97,420 tonnes of milling wheat to be sourced from the United States in a tender that closed on Wednesday, European traders said. Read More »