International Trade

India IT sector exports to grow 13-15% in FY15

Reuters | February 12, 2014 | International Trade

The Indian IT outsourcing sector is expected to see exports growing 13-15 percent in the fiscal year starting in April, an industry lobby group said, with improving U.S. and European economies driving growth. Read More »

Japan may lift arms export ban for international groups

Reuters | February 12, 2014 | International Trade

Japan may allow exports of defence equipment to international organisations such as those involved in U.N. peacekeeping operations on condition they do not take sides in conflicts, Kyodo News reported. Read More »

Indonesia to maintain trade surplus despite mineral ore ban

Reuters | February 12, 2014 | International Trade

Indonesia will maintain its trade surplus this year even as it implements a mineral export ban which has so far halted $500 million worth of monthly ore and concentrate shipments, a senior government official said. Read More »

Strong China January trade data sparks cheers, doubts

Reuters | February 12, 2014 | International Trade

China surprised markets with a thumping trade performance in January as import growth hit a six-month high, drawing some skepticism about the data but still allaying fears of a deepening economic malaise. Read More »

Brazil’s Rousseff promises auction of key soy road this year

Reuters | February 12, 2014 | International Trade

Brazil’s President Dilma Rousseff on Wednesday said an auction for an essential stretch of road for soy and corn exports through Mato Grosso state will happen this year. Read More »

As West cuts, global defence industry balance shifts

Reuters | February 12, 2014 | International Trade

Fuelled by growing strains in Middle East and Asia, global defence spending looks set to rise in 2014 for the first time since the 2008 financial crisis. Read More »

Mexico says in talks with China to form infrastructure fund

Reuters | February 11, 2014 | International Trade

Mexico and China are discussing creating a joint fund for investments in infrastructure projects in Latin America’s No.2 economy, Mexican deputy finance minister Fernando Aportela said on Tuesday during a visit to New York. Read More »

Costa Rica’s Recope tenders to buy MTBE cargo for April

Reuters | February 11, 2014 | International Trade

Costa Rica’s refining company Recope launched a tender to buy one 20,000 barrel cargo of MTBE to be received the first half of April at Port Moin, according to an invitation seen by Reuters on Tuesday. Read More »

South Africa’s RBCT to take seven weeks to clear backlog

Reuters | February 11, 2014 | International Trade

South Africa’s Richards Bay Coal Terminal (RBCT) will take seven weeks to clear a backlog in coal shipping following a week-long power outage, the company said. Read More »

Fire out at Brazil’s Rumo sugar terminal, damage limited

Reuters | February 11, 2014 | International Trade

A fire that was put out at the Rumo sugar terminal at the port of Santos in Brazil did not damage sugar stocks, the company that is controlled by sugar and ethanol producer Cosan said in a statement on Tuesday. Read More »

US stresses commitment to defend Japan in Washington talks

Reuters | February 10, 2014 | International Trade

The United States stressed its commitment to the defense of Japan and stability in the Asia-Pacific region against a backdrop of increasingly assertive territorial claims by China. Read More »

Europe, China help McDonald’s offset soft US sales in January

Reuters | February 10, 2014 | International Trade

McDonald's Corp reported better-than-expected global sales at established restaurants for January as gains in Europe and China helped the company offset weak numbers in United States, where customers remained cautious in their spending. Read More »

US to announce trade enforcement action linked to India

Reuters | February 10, 2014 | International Trade

The United States will announce a trade enforcement action linked to India, potentially dealing another blow to bilateral relations damaged in December by the arrest and strip-search of an Indian consul. Read More »

US trade action against India relates to solar subsidies

Reuters | February 10, 2014 | International Trade

The United States has told India that a trade enforcement action it plans to announce will involve it taking Delhi to the World Trade Organization over subsidy levels in its solar power industry, an Indian government source said. Read More »

Taiwan January exports unexpectedly fall, hit by China slowdown

Reuters | February 10, 2014 | International Trade

Taiwan's exports unexpectedly fell in January, hit by erratic global demand for its pivotal hi-tech products and a slump in shipments to China, its largest market. Read More »

China export growth seen slowing, loans surging in January

Reuters | February 10, 2014 | International Trade

China's export and import growth likely cooled in January, a Reuters poll showed, underlining a broader slowdown in the world's second-largest economy, though the Lunar New Year holiday effect may overstate the soft momentum. Read More »

Fugitive owners of Bangladesh fire-disaster factory sent to jail

Reuters | February 10, 2014 | International Trade

Two fugitive owners of a Bangladesh garment factory turned themselves in on Sunday to face homicide charges for the deaths of 112 workers in the country's worst factory fire, a prosecutor said. Read More »

EU eyes warmer Cuba ties with push for new accord

Reuters | February 10, 2014 | International Trade

The European Union agreed to launch negotiations with Cuba to increase trade, investment and dialogue on human rights in its most significant diplomatic shift since Brussels lifted sanctions on the communist island in 2008. Read More »

Vilsack: Syngenta will sell GM corn strain unapproved by China

Reuters | February 07, 2014 | International Trade

The world’s largest crop chemicals company, Syngenta AG, has commitments to sell its full supply of a genetically modified (GM) corn variety known as Agrisure Viptera or MIR 162 for the 2014 growing season, U.S. Agriculture Secretary Tom Vilsack said on Friday. Read More »

Swiss watch exports to China recover in December

Reuters | February 07, 2014 | International Trade

Swiss watch exports to the important Chinese market improved in December, the Swiss watch federation (FH) said. Read More »