International Trade

German bank HSH plans to split off bad shipping loans

Reuters | May 21, 2015 | International Trade

German lender HSH Nordbank could split off a “bad bank” for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter. Read More »

Brazil’s Vale to sell 4 large iron ore carriers to China’s CMES

Reuters | May 20, 2015 | International Trade

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump. Read More »

US senators threaten to block trade debate over Ex-Im renewal

Reuters | May 20, 2015 | International Trade

Legislation to fast track trade deals through Congress inched a step closer to a U.S. Senate vote but Democratic and Republican senators threatened to block debate until they are assured of a vote to keep the Export-Import Bank alive. Read More »

US lawmakers compromise on ‘poison-pill’ Pacific trade rules

Reuters | May 20, 2015 | International Trade

U.S. lawmakers reached a compromise on rules that threatened to derail a proposed Pacific trade partnership by agreeing to soften tough provisions against human trafficking. Read More »

US bill to repeal meat labeling laws advances

Reuters | May 20, 2015 | International Trade

U.S. legislation to repeal meat labeling laws, which the World Trade Organization found discriminate against Mexico and Canada, passed a congressional committee and moved one step closer to becoming law. Read More »

Only US rivals win if Congress blocks Asia trade pact

Reuters | May 20, 2015 | International Trade

Secretary of State John Kerry made an impassioned plea to Congress to pass fast-track legislation needed for a 12-nation Pacific trade agreement, saying that failure to do so would benefit U.S. rivals. Read More »

Clinton, White House spar over trade as fast-track vote looms

Reuters | May 20, 2015 | International Trade

Democratic U.S. presidential contender Hillary Clinton set up a potential clash over sensitive trade legislation with the White House, urging steps to prevent currency manipulation and lawsuits by foreign companies against governments. Read More »

China says “strongly concerned” about US economic espionage case

Reuters | May 20, 2015 | International Trade

China is "strongly concerned" about a case in which six Chinese nationals were charged by the United States with economic espionage, it said. Read More »

US Treasury’s Lew urges China to reduce currency interventions

Reuters | May 20, 2015 | International Trade

U.S. Treasury Secretary Jack Lew told a top Chinese official on Wednesday that Washington still wants China to reduce government intervention in the foreign exchange market, a Treasury official said. Read More »

High-tech firms anticipate growing exports

Reuters | May 20, 2015 | International Trade

Nearly three quarters of high-tech executives polled in a new survey released on Wednesday expect their exports to grow over the next two years and many are eyeing expansion into Brazil, Russia and India over the next year. Read More »

Taiwan April export orders in worst fall in 2 years

Reuters | May 20, 2015 | International Trade

Taiwan's export orders in April posted their worst showing in more than two years, with big falls from Japan and China flagging softening demand for the island's electronic gadgets. Read More »

South Korean retailers in arms race for rare duty free licenses

Reuters | May 20, 2015 | International Trade

South Korea's Hanwha Group, vying for one of two rare duty free licenses up for grabs in Seoul, argues that its gold-toned skyscraper is the perfect draw for Chinese tourists, who have cemented South Korea's place as the world's duty free capital. Read More »

ASA Will Oppose Amendments to TPA Bill in Senate

AJOT | May 20, 2015 | International Trade

Citing the importance of achieving fast track authority in order to finalize new trade deals as seamlessly as possible, the farmer leaders of the American Soybean Association (ASA) announced today that the group will oppose all controversial amendments to the Bipartisan Congressional Trade Priorities and Accountability Act, which would extend trade promotion authority to President Barack Obama. Read More »

China’s Li brings investment boost to struggling Brazil

Reuters | May 19, 2015 | International Trade

Chinese Premier Li Keqiang came to the rescue of Brazil’s slumping economy on Tuesday with trade, finance and investment deals worth tens of billions of dollars in energy, mining, aviation and the upgrade of dilapidated infrastructure. Read More »

US to press currency policy around Pacific trade talks

Reuters | May 19, 2015 | International Trade

The United States will press potential partners in a Pacific trade pact for agreement on currency policies "in the context of" the trade deal, U.S. Treasury Secretary Jack Lew said. Read More »

Japan says hard to hold TPP ministerial talks without US fast-track bill

Reuters | May 19, 2015 | International Trade

Japanese Economy Minister Akira Amari said it is becoming "extremely difficult" to hold ministerial talks on a Pacific trade pact unless a fast-track bill is passed in the United States. Read More »

Pernod prepares to take Cuban-made rum to the US

Reuters | May 19, 2015 | International Trade

French drinks giant Pernod Ricard is poised to sell its Cuban-made rum in the United States once a 53-year-old trade embargo is lifted, going head-to-head with Cuban-founded Bacardi which dominates the world's biggest market. Read More »

US charges three Chinese professors, three others with economic espionage

Reuters | May 19, 2015 | International Trade

The U.S government charged three Chinese professors and three other Chinese nationals with economic espionage and stealing trade secrets from two companies that develop technology often used in military technologies, the Department of Justice said. Read More »

Price cutting threatens automakers’ rich margins in China

Reuters | May 19, 2015 | International Trade

International automakers are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry's rich profit margins. Read More »

China carrier Ruili, partners sign $6 billion deal for 60 Boeing jets

Reuters | May 19, 2015 | International Trade

A Chinese consortium of Ruili Airlines, a privately-owned start-up budget carrier, and two leasing firms has signed a deal to buy 60 B737 MAX jets from Boeing Co for 38 billion yuan ($6.13 billion), the official Xinhua News Agency said. Read More »