International Trade

Shanghai GM to spend 100 billion yuan developing new vehicles

Reuters | April 20, 2015 | International Trade

Shanghai GM, a joint venture between General Motors and China's SAIC Motor Corp , plans to spend 100 billion yuan ($16 billion) over the next five years developing new vehicles, Shanghai GM President Wang Yongqing said. Read More »

Indonesia to push for free trade pacts with South Korea, EEA

Reuters | April 20, 2015 | International Trade

Indonesia will aggressively pursue talks on free trade agreements with countries such as South Korea and the three European Economic Area (EEA) nations, in its latest move to boost exports, a government official said. Read More »

Taiwan March export orders beat expectations on strong US demand

Reuters | April 20, 2015 | International Trade

Taiwan's export orders in March were better than expectations on robust U.S. orders, offsetting concerns that appetite for the island's electronic gadgets had been seriously affected by the slowdown in the global economy. Read More »

Ivory-smuggling destination Thailand makes ‘biggest seizure’ of tusks

Reuters | April 20, 2015 | International Trade

Thai customs officials have seized four tons of ivory worth $6 million, authorities said, in what the department called the largest bust of its kind in Thailand's history. Read More »

Trade Promotion Authority critical to advancing international trade agreements

Reuters | April 16, 2015 | International Trade

The National Retail Federation has called on Congress to renew its commitment to international trade by approving legislation that would reauthorize Trade Promotion Authority (TPA), saying such authority is critical to advancing free trade agreements. Read More »

US trade chief says fast-track would move trade deals forward

Reuters | April 16, 2015 | International Trade

U.S. Trade Representative Michael Froman said getting authority to move trade deals through Congress quickly would allow the Obama administration to move trade agreements forward. Read More »

US senators agree on path to fast-track trade bill

Reuters | April 16, 2015 | International Trade

U.S. senators said they could present a bipartisan bill to move trade deals quickly through Congress as soon as later in the day after reaching agreement on aid for workers hurt by trade. Read More »

US to keep engaging China on Asian infrastructure bank

Reuters | April 16, 2015 | International Trade

The United States will further engage China to encourage a Beijing-led development bank to embrace high governance standards, a U.S. official said. Read More »

Don’t look for slowing growth to push China toward the West

Reuters | April 16, 2015 | International Trade

China’s gross domestic product growth has slowed to 7 percent, it was announced this week. That’s somewhat anaemic when compared to what the world has come to expect from the second-largest economy. Read More »

Whirlpool plans 500 million euro Italy investment, 1,350 job cuts

Reuters | April 16, 2015 | International Trade

U.S. white goods group Whirlpool announced it would invest 500 million euros ($535.25 million) over four years in Italy as part of a restructuring plan that would see 1,350 redundancies. Read More »

McDonald’s Japan sees wider losses this year, plans restructuring

Reuters | April 16, 2015 | International Trade

The Japanese unit of McDonald's Corp forecast deeper losses this year and said it would renovate 2,000 stores while closing underperforming outlets, as it struggles to bring back customers after a series of food safety scandals. Read More »

China exporters expect more pain as economy sputters

Reuters | April 16, 2015 | International Trade

More than half of China's exporters expect a trade slowdown to last at least six months as production costs climb and European demand weakens, according to a Reuters survey at the country's biggest trade fair. Read More »

Australia chases India trade deal as China slows, iron ore tumbles

Reuters | April 16, 2015 | International Trade

Slowing growth in top trade partner China and plunging prices for iron ore and coal are adding impetus to Australian efforts to secure a free trade deal with India by the end of the year. Read More »

India may take WTO action against EU over drug clinical trials

Reuters | April 16, 2015 | International Trade

India may go to the World Trade Organisation (WTO) if the European Union does not reconsider a decision to suspend the sale of about 700 generic drugs that were approved based on clinical trials by GVK Biosciences Pvt Ltd, the firm's CEO said. Read More »

Euro zone surplus widens but trade with Russia plummets

Reuters | April 16, 2015 | International Trade

An increase in exports and stable imports helped the euro zone widen its trade surplus in February, although by slightly less than expected, as a weaker euro helped soften the continued fall in sales to Russia. Read More »

SABMiller lager sales boosted by Easter, China recovery

Reuters | April 16, 2015 | International Trade

SABMiller Plc, brewer of Miller Lite, Peroni and Grolsch, sold more lager in the fourth quarter as demand rose in many emerging markets ahead of the Easter holiday and sales in China recovered from an inclement summer. Read More »

The jumbo jet faces a make or break year at Boeing, Airbus

Reuters | April 16, 2015 | Air Cargo | International Trade

The jumbo jet, for many years the workhorse of modern air travel, could be close to running out of runway. Read More »

C.H. Robinson and MIT Develop New Model for Carbon Emissions

AJOT | April 16, 2015 | International Trade

With sustainability a topic of significant interest among many in the logistics industry, C.H. Robinson and the MIT Center for Transportation & Logistics (MIT CTL) have combined to develop research aimed at finding ways to better quantify carbon emissions at the Less-Than-Truckload (LTL) shipment level. Read More »

The Apple Watch, the iPhone and China

AJOT | April 16, 2015 | International Trade

In a first for the company, Apple will release a major new product, the Apple Watch, simultaneously in the US and China, following the runaway success of the iPhone 6 in the Middle Kingdom which is now the second best selling smartphone in a market of 1.2 billion handsets. Read More »

Saudi firm, Bunge to buy majority stake in Canadian grain handler

Reuters | April 15, 2015 | International Trade

Saudi Arabia’s state-owned agricultural investment firm and U.S. grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. Read More »