International Trade

Oil storage at sea stalls as profit play fades

Reuters | March 03, 2015 | Energy | Maritime | International Trade

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore’s said on Tuesday. Read More »

TT Club appoints Regional Claims Director EMEA

AJOT | March 03, 2015 | International Trade

TT Club, the leading international transport, freight and logistics insurance provider, has appointed Justin Reynolds as Regional Claims Director, Europe, Middle East and Africa. Based in London, he will be responsible for handling member’s claims across the EMEA region. Read More »

Barclays gives information to U.S. precious metals probe

Reuters | March 03, 2015 | International Trade

Barclays has been providing information to an investigation into precious metals by the U.S. Department of Justice (DoJ), the bank said in its 2014 annual report on Tuesday, a week after a similar statement by HSBC. Read More »

EBRD to launch funding in Greece, promoting enterprise

AJOT | March 03, 2015 | International Trade

The European Bank for Reconstruction and Development will launch a five-year program of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt. Read More »

Sluggish February U.S. car sales blamed on blustery weather

Reuters | March 03, 2015 | International Trade

For the second year in a row, ferocious winter weather slowed U.S. vehicle sales in February, causing the major automakers to miss analysts’ bullish projections. Read More »

Major automakers miss bullish February sales expectations

Reuters | March 03, 2015 | International Trade

For the second year in a row, ferocious winter weather slowed U.S. vehicle sales in February, with several major automakers missing analysts’ projections and dampening bullish expectations. Read More »

Europe is becoming an internal market for biodiesel

AJOT | March 03, 2015 | Energy | International Trade | Ports & Terminals | Ports | Wet Bulk Port

In Rotterdam, Europe’s most important port for the handling, storage and production of biofuels, the throughput of these products was 15% lower in 2014 than in 2013, representing a decrease of 3.8 million tonnes. This is primarily due to a decrease in imports of biodiesel from Indonesia and Argentina as a result of extra import duties and taxes on dumping. Read More »

Global graphite market will reach US$ 17.56 billion in terms of value and 4.48 million tons in terms

AJOT | March 03, 2015 | International Trade

According to a new market report published by Persistence Market Research “Global Market Study on Graphite: Battery Segment To Witness Highest Growth by 2020”, the global graphite market was valued at USD 13.62 billion in 2013 and is expected to grow at a CAGR of 3.7% from 2014 to 2020, to reach USD 17.56 billion in 2020. Read More »

Surplus cash costs weigh on earnings of German transport bank DVB

Reuters | March 02, 2015 | International Trade

German transport bank DVB’s 2014 net profit fell 23 percent partly due to the cost of holding surplus cash as borrowers repaid loans faster than the lender could attract new business, Chief Executive Wolfgang Driese said. Read More »

Brazil poultry, pork producers unable to fill some export orders -industry

Reuters | March 01, 2015 | International Trade

Brazilian poultry and pork producers are struggling to fill export orders after 10 days of road blockages caused by protesting truck drivers in Brazil, the president of Abpa industry group, Francisco Turra, told Reuters on Friday. Read More »

British fuel imports spike as refineries close

Reuters | March 01, 2015 | Energy | Refinery | International Trade

Britain’s net imports of petroleum products more than tripled last year after a new wave of refinery closures and capacity cuts left the country unable to meet its demand. Read More »

U.S. And California To Be Economic Powerhouses In 2015

AJOT | March 01, 2015 | International Trade

Domestic sources of demand, from businesses to consumers, will push economic growth in the U.S. and California to higher levels in 2015 -- and lead to even better numbers in 2016. Read More »

Lithuania looks to U.S. for gas imports

Reuters | February 27, 2015 | Energy | International Trade

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation’s dependence on Russia. Read More »

US Senate finance committee postpones hearing on trade

Reuters | February 26, 2015 | International Trade

A key U.S. Senate committee postponed a hearing on trade and its chairman said talks on the final form of a bill to streamline the passage of trade deals through Congress were ongoing. Read More »

US lawmakers battle over currency in trade deals

Reuters | February 26, 2015 | International Trade

U.S. lawmakers are drafting battle plans to punish foreign rivals accused of currency manipulation but a growing chorus of critics argue the battle is already won and warn the push may derail a massive trade pact. Read More »

GM to shut plant, cut jobs in Indonesia, where Japanese dominate

Reuters | February 26, 2015 | International Trade

General Motors will stop making GM-branded cars in Indonesia, a battleground for global automakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles (SUVs). Read More »

Strike ends at General Motors plant in Brazil

Reuters | February 26, 2015 | International Trade

Workers at General Motors Co's Brazilian car factory ended a six-day strike on Thursday after the company agreed to drop plans to lay off 800 employees, the union said. Read More »

New Zealand says deal on Pacific trade pact needed by mid-year

Reuters | February 26, 2015 | International Trade

A trade deal being negotiated by 12 Pacific Rim nations has reached the endgame, but must be agreed by the middle of the year or face being overtaken by U.S. domestic politics, New Zealand's trade minister said. Read More »

Chinese rivals snap at Alibaba’s heels in cross-border e-commerce race

Reuters | February 26, 2015 | International Trade

A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Inc catering to shoppers' fears about the quality and safety of local everyday goods. Read More »

China drops leading tech brands for state purchases

Reuters | February 26, 2015 | International Trade

China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response to revelations of widespread Western cybersurveillance. Read More »