International Trade

Brazil securities regulator fines tycoon Batista $432,000

Reuters | March 18, 2015 | International Trade

Brazil’s securities regulator fined former billionaire Eike Batista 1.4 million reais ($432,000) for failing to promptly let investors know about a takeover and the delisting of parts of his once-giant EBX energy, mining, port and shipbuilding group. Read More »

Brazil watchdog fines tycoon Batista for failure to inform market

Reuters | March 18, 2015 | International Trade

Brazil’s securities regulator CVM said on Wednesday that former billionaire Eike Batista failed to provide investors with timely information about a takeover and on the delisting of companies as his EBX energy, mining, port and shipbuilding empire tottered and then collapsed. Read More »

Brazil fines tycoon Batista for not informing market on CCX action

Reuters | March 18, 2015 | International Trade

Brazil’s securities regulator CVM fined Brazilian tycoon Eike Batista 300,000 reais ($93,000) on Wednesday for failing to keep investors informed about a possible delisting of coal mining company CCX Carvão da Colombia. Read More »

WiseTech Global reports increase in new business as customs brokers prepare for ACE

AJOT | March 18, 2015 | International Trade

WiseTech Global has announced that 2014 saw a significant increase in US Customs House Brokers implementing industry-leading logistics management platform CargoWise One, as the solution of choice for filing entries in USCBP’s Automated Commercial Environment (or ACE). Read More »

SSI identifies ‘Signals of Change’ that could reshape shipping’s future

AJOT | March 18, 2015 | International Trade

Ocean governance, leadership requirements and manufacturing developments to potentially have profound long-term impacts on shipping supply chains Read More »

Costco Canada fish import license suspended by food safety agency

Reuters | March 17, 2015 | International Trade

Costco Canada's fish importing license has been suspended, the Canadian Food Inspection Agency said, after the federal food safety watchdog determined the company violated the country's Fish Inspection Regulations. Read More »

Senator Hatch says making progress on fast-track trade talks

Reuters | March 17, 2015 | International Trade

Senate Finance Committee Chairman Orrin Hatch, a Republican, said he is making progress with his Democratic colleagues on a bill to streamline the passage of free-trade deals through Congress. Read More »

Defying US, European allies say they’ll join China-led bank

Reuters | March 17, 2015 | International Trade

Germany, France and Italy said they had agreed to join a new China-led Asian investment bank after close ally Britain defied U.S. pressure to become a founder member of a venture seen in Washington as a rival to the World Bank. Read More »

Japan Inc wary of Pacific trade pact amid competition fears

Reuters | March 17, 2015 | International Trade

Japanese companies are wary of a 12-nation Pacific trade deal now in the works, with three-quarters not expecting their sales to benefit if an agreement is reached, a Reuters poll showed. Read More »

Singapore February exports hit by China slowdown, more policy easing seen in April

Reuters | March 17, 2015 | International Trade

Singapore's exports in February fell more than expected as momentum in the global economy remained modest and as a slowdown in China took a heavy toll, adding to expectations that the central bank may ease monetary policy next month. Read More »

Romania gets green light to export pork to China

Reuters | March 17, 2015 | International Trade

European Union member Romania, has gained approval to export frozen pork to the Chinese market, the agriculture ministry said. Read More »

Coal futures hit 9-yr lows, forcing many miners to produce at loss

Reuters | March 16, 2015 | International Trade

Coal futures dropped to 9-year lows this week after a short-lived rally earlier in the year, forcing many miners to produce at a loss. Read More »

US, Canada set to sign agreement on customs clearing

Reuters | March 16, 2015 | International Trade

The United States and Canada will sign an agreement to create a pre-clearance process for customs screening in their countries, the U.S Department of Homeland Security said. Read More »

US may impose tougher curbs to contain bird flu in Arkansas

Reuters | March 16, 2015 | International Trade

U.S. authorities are considering imposing tougher restrictions in Arkansas to contain a virulent strain of avian flu in the heart of America's poultry region in a bid to minimize international trade disruptions and contain the virus. Read More »

Tesla reorganizing global sales team after missing targets

Reuters | March 16, 2015 | International Trade

Electric car maker Tesla Motors Inc is reorganizing its regional sales teams after missing sales targets in 2014 and will reassign its global sales chief once it appoints new executives to run local operations, the company said. Read More »

China puts tech bill that concerns West on hold

Reuters | March 16, 2015 | International Trade

China has put a hold on a draft counter-terrorism law that would require technology firms to hand over sensitive information to government officials, a senior U.S. official said in a good sign for Western businesses who saw the rule as a major impediment to working in the world's second largest economy. Read More »

EU plans high-level visit to Cuba as ties with West warm

Reuters | March 16, 2015 | International Trade

The European Union's foreign policy chief, Federica Mogherini, is to visit Cuba this month in the latest sign of warming relations between the Communist-ruled island and the West. Read More »

EU proposes ending duty-free access for three China solar firms

Reuters | March 16, 2015 | International Trade

The European Commission has proposed denying three Chinese solar panel producers duty-free access to European markets because of alleged violations of its conditions, according to two sources familiar with the proposal. Read More »

Indonesia exports in biggest fall in 2-1/2 years, trade balance in surplus

Reuters | March 16, 2015 | International Trade

Indonesia's February exports fell the most in 2-1/2 years, hit by sliding oil and gas shipments, but a big fall in imports helped achieve a trade surplus for the third straight month. Read More »

Zara-owner Inditex has the edge in online battle with H&M

Reuters | March 16, 2015 | Intermodal | International Trade

The families behind Zara-owner Inditex and H&M will need to fend off fast-moving competitors if they are to replicate online the winning formulae that made them the world's top two fashion retailers. Read More »