International Trade

Thyssen announces capital increase as US deal sealed

Reuters | December 02, 2013 | International Trade

ThyssenKrupp is selling its U.S. plant to two rivals in a long-awaited deal to help extricate the German steelmaker from an ill-fated boom-year expansion plan, and said it plans to raise up to 1 billion euros ($1.36 billion) in a share sale. Read More »

South Korea moves closer to joining TPP trade talks

Reuters | December 02, 2013 | International Trade

Asian trade powerhouse South Korea took a step closer to joining 12-nation talks aimed at slashing trade barriers between nations making up about 40 percent of the world economy. Read More »

China releases more details on Shanghai free trade zone reforms

Reuters | December 02, 2013 | International Trade

Chinese regulators published new details on planned reforms for a free trade zone launched in Shanghai earlier this year, as Beijing moves to sustain enthusiasm in the face of resurgent investor skepticism. Read More »

China breaks up gangs that smuggled $164 million worth of cars

Reuters | December 02, 2013 | International Trade

Chinese authorities have broken up six rings that smuggled around $164 million worth of cars into the country over the past three years, including more than 80 top-end models such as BMWs and Rolls-Royces, state media said. Read More »

India talks tough on WTO, but does not rule out deal

Reuters | December 02, 2013 | International Trade

India's trade minister said he will not compromise on food subsidies for the poor at a WTO meeting next week, but left open the possibility of an interim subsidy deal designed to salvage a trillion-dollar trade pact. Read More »

‘Brazil posts larger-than-expected trade surplus in November

Reuters | December 02, 2013 | International Trade

Brazil posted a trade surplus in November that was more than five times expectations, official data showed, but even so the country remained on track to end the year with its first annual deficit in more than a decade. Read More »

East African trade bloc approves monetary union deal

Reuters | December 02, 2013 | International Trade

The leaders of five East African countries signed a protocol laying the groundwork for a monetary union within 10 years that they expect will expand regional trade. Read More »

Britain’s Cameron pushes EU-China trade deal in Beijing

Reuters | December 02, 2013 | International Trade

British Prime Minister David Cameron arrived in China saying he would advocate a multi-billion-dollar free trade deal between Beijing and the European Union, stoking tensions with the EU executive which condemned the move as premature. Read More »

European firms size up Iran’s post-deal potential

Reuters | December 02, 2013 | International Trade

The phone hasn't stopped ringing at the German-Iranian Chamber of Commerce since six world powers reached a deal with Tehran to curb its nuclear program, opening the prospect that Iran can begin to shake off its economic isolation. Read More »

Ukrainian opposition accuses Yanukovich of stealing EU dream

Reuters | December 02, 2013 | International Trade

Ukraine's political opposition said that President Viktor Yanukovich had 'stolen the dream' of closer integration with Europe as his supporters hailed his decision to spurn a European Union free trade deal. Read More »

Ukraine protests increase risks of currency crisis

Reuters | December 02, 2013 | International Trade

Massive protests against President Viktor Yanukovich have done yet more damage to Ukraine's already-poor investment case, increasing the risk of a currency crisis before an election in early 2015. Read More »

Ukraine’s Yanukovich vetoes EU push to save trade deal

Reuters | December 02, 2013 | International Trade

Ukrainian President Viktor Yanukovich vetoed last-minute attempts by the European Union to rescue a trade deal that could have been signed at a summit and would have signalled a historic shift away from Russia, EU diplomats said. Read More »

EU bans South African citrus imports over disease fears

Reuters | December 02, 2013 | International Trade

The European Union banned most imports of South African citrus fruit or the rest of this year over fears that a fungal disease found in dozens of shipments could spread to the 28-nation bloc. Read More »

Food suppliers look to win Iran contracts after nuclear deal

Reuters | December 02, 2013 | International Trade

After years of difficulty caused by economic sanctions, suppliers are hoping a nuclear deal will make it easier to win lucrative contracts to sell wheat, sugar and other food to Iran. Read More »

Premium Article  Hong Kong’s investment in major capital projects promises growth

George Lauriat | December 02, 2013 | Breakbulk & Projects | International Trade

The construction of the nearly $11 billion, 31-mile long Hong Kong-Zhuhai-Macao Bridge (HZMB) is well underway. The study for building a third runway at Hong Kong International Airport (HKIA) is already in its advanced stages. These projects and others stand to reinforce Hong Kong’s premier position as a hub not only for the China trade but also throughout the Asian basin. Read More »

Premium Article  Port of Mobile looks to benefit from dedicated steel-coil-handling facility

Paul Scott Abbott | December 02, 2013 | Breakbulk & Projects | International Trade | Ports & Terminals

As the Port of Mobile gears up to as much as double its already impressive throughput of rolled steel products, the Alabama State Port Authority is engaged in a public-private partnership for development of a dedicated facility for handling steel coil. Read More »

USW Statement on ArcelorMittal Joint Venture with Nippon and Sumitomo to Acquire ThyssenKrupp Steel

PR Newswire | December 02, 2013 | International Trade

PITTSBURGH, Dec. 2, 2013 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today issued the following statement regarding the acquisition of ThyssenKrupp Steel USA (Alabama) by a joint venture of ArcelorMittal (NYSE:MT), Nippon Steel and Sumitomo Metal Corporation:

Read More »

Premium Article  TTP, TTIP offer huge savings,  trade benefits says top officials, CEOS

Karen Thuermer | December 02, 2013 | International Trade

Point blank: foreign trade agreements are good for U.S. exports. By accomplishing two enormous and high standard trade agreements, the United States would see trade soar and economies benefiting worldwide. Read More »

Bribery and bureaucracy seen as winners if WTO deal dies

Reuters | November 27, 2013 | International Trade

Barring a last-minute deal by ministers next week, the latest round of world trade talks look set to fail, but unlike past liberalization battles, few people are cheering. Read More »

Indonesia starts WTO dispute against Pakistan over paper products

Reuters | November 27, 2013 | International Trade

Indonesia has launched a trade dispute against Pakistan over paper products, the World Trade Organization said. Read More »