International Trade

Taiwan exports slide again in October, off 1.5% y/y

Reuters | November 07, 2013 | International Trade

Taiwan's exports fell more than expected in October, as declines in shipments to China and the United States kept the island's export machine sputtering, highlighting erratic global demand. Read More »

GM’s Tavera SUV recall to be overseen by India government panel

Reuters | November 07, 2013 | International Trade

General Motors Co's recall of 114,000 Chevrolet Tavera sport-utility vehicles in India will be overseen by a government panel, the Ministry of Road Transport and Highways said. Read More »

ArcelorMittal still interested in ThyssenKrupp’s US plant

Reuters | November 07, 2013 | International Trade

ArcelorMittal, the world's largest steelmaker, remains interested in the steel rolling mill in Alabama that ThyssenKrupp is seeking to sell. Read More »

Adidas says soccer, running to help it beat Nike in Europe

Reuters | November 07, 2013 | International Trade

Adidas forecast a $2.7 billion boost to sales from next year's soccer World Cup would help it over a tough 2013, and said it would fend off rival Nike in hotly-contested European markets with innovative running gear. Read More »

Manchester Farms Partner Acquires Company

PR Newswire | November 06, 2013 | International Trade

Manchester Farms, a leading producer of high quality food products, announced today that Brittney Miller has completed the acquisition for full ownership of the company. Read More »

Indonesia’s Q3 growth weakest in 4 years, rates seen on hold

Reuters | November 06, 2013 | International Trade

Indonesia's economy grew at its slowest in nearly four years in the third quarter, as weak exports risk leaving its trade balance in deficit and the rupiah vulnerable to further falls. Read More »

Ford says October China auto sales up 55% year-on-year

Reuters | November 06, 2013 | International Trade

Ford Motor Co and its local partners in China sold a total 93,969 vehicles on a wholesale basis in October, an increase of 55% from a year earlier, the company said. Read More »

Former WTO Chief Economist Calls for New Global Trade Measurements

AJOT | November 06, 2013 | International Trade

International trade needs a new measuring stick that better reflects global inter-dependence and technological content, according to Dr Patrick Low, Vice President of Research at the Fung Global Institute. The former Chief Economist with the World Trade Organisation (WTO) was interviewed by the HKTDC. Read More »

Faroe Islands launch WTO dispute over EU fishing restrictions

Reuters | November 05, 2013 | International Trade

The Faroe islands launched a trade dispute at the World Trade Organization to challenge a European Union ban on imports of Faroese herring and mackerel and restrictions on Faroese vessels entering EU ports. Read More »

GM says October China auto sales up 12.2% y/y

Reuters | November 05, 2013 | International Trade

General Motors Co and its Chinese joint ventures sold 282,446 vehicles in China in October, a 12.2 percent increase from a year earlier, the U.S. automaker said. Read More »

China exports seen rebounding, inflation rising in October

Reuters | November 05, 2013 | International Trade

China's exports are forecast to have rebounded in October after a surprise fall, reinforcing the government's view that the economy has regained some momentum as its prepares to unveil plans to overhaul the world's second-largest economy. Read More »

EU, US to hold second round of trade talks on November 11

Reuters | November 04, 2013 | International Trade

The United States and the European Union will next week hold a second round of negotiations towards the world's biggest free-trade deal and seek to catch up ground lost to last month's U.S. government shutdown. Read More »

Biden to emphasize Asia pivot on trip to China, Japan, South Korea

Reuters | November 04, 2013 | International Trade

U.S. Vice President Joe Biden will travel to China, Japan and South Korea in the first week of December, a trip designed to emphasize the U.S. commitment to a policy pivot toward Asia. Read More »

Tensions with allies rise, but US sees improved China ties

Reuters | November 04, 2013 | International Trade

With ties between Washington and many close allies strained because of eavesdropping revelations and differences over U.S. policies in the Middle East, the Obama administration can take some comfort from an improvement in ties with China. Read More »

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 »