International Trade

US urges China to implement planned economic reforms

Reuters | December 27, 2013 | International Trade

The United States urged China to quickly implement planned reforms to open up its economy and said it will keep a close eye on progress as officials work to resolve remaining trade tensions with the world's second-largest economy. Read More »

Taiwan’s Fair Trade Commission fines Apple for price restrictions

Reuters | December 27, 2013 | International Trade

Taiwan's Fair Trade Commission (FTC) fined Apple Inc $666,700 for restricting the prices charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices. Read More »

GM recalls 1.5 million cars in China over fuel pump bracket

Reuters | December 27, 2013 | International Trade

General Motors Co's China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market. Read More »

US corn shipments to China slow after GMO rejections

Reuters | December 27, 2013 | International Trade

U.S. corn exports to China slowed as Beijing continued to reject cargoes containing an unapproved genetically modified strain, government data released showed. Read More »

China rejects 2 US distillers grains cargoes on GMO

Reuters | December 27, 2013 | International Trade

China's quality watchdog confirmed it has rejected two cargoes of dried distillers grains (DDGs) from the United States after detecting the presence a genetically modified (GMO) strain not yet approved by Beijing, Xinhua News Agency reported. Read More »

Small jet makers see big chance as China prepares to open skies

Reuters | December 27, 2013 | International Trade

Ferraris and Rolls-Royces have become common sights in China's cities as a new class of super-rich indulge a growing appetite for luxury, but tight regulation has meant the private jet, the ultimate status symbol of the global elite, remains rare. Read More »

China cabinet report sees 2013 economic growth at 7.6%

Reuters | December 27, 2013 | International Trade

China will likely stick with this year's growth target of 7.5 percent for 2014 as top leaders balance the need to keep the economy on an even keel while pushing through necessary structural reforms, sources at top government think tanks said. Read More »

Russia targets cross-border online shoppers with new duty rules

Reuters | December 27, 2013 | International Trade

Russia plans to start charging duty on purchases worth more than 150 euros ($210) from foreign online stores, lowering the threshold from 1,000 euros and potentially slowing the fast-growing market while benefiting domestic online retailers. Read More »

China plans anti graft initiative

Reuters | December 25, 2013 | International Trade

China's ruling Communist Party unveiled on Wednesday a five-year plan to fight pervasive graft, with particular attention on corruption that triggers protests or happens in the course of economic reforms. Read More »

Spanish meats group Campofrio gets new foreign owners

Reuters | December 24, 2013 | International Trade

Mexican frozen food company Sigma and Shuanghui International Holdings of China have signed an agreement to share ownership of Spanish meat processor Campofrio cooling hopes of a bidding war. Read More »

China to stick to 7.5% growth target for 2014

Reuters | December 24, 2013 | International Trade

China will likely stick with this year's growth target of 7.5 percent for 2014 Read More »

US Durable Orders Surge in November

Reuters | December 24, 2013 | International Trade

Orders for long-lasting U.S. manufactured goods surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the economy Read More »

US says still concerned about Russian car levy

Reuters | December 23, 2013 | International Trade

The United States said it still has concerns about a recycling fee Russia imposes on cars even though the country recently extended the levy to cover domestic as well as imported vehicles. Read More »

Canada economy grows more than expected, boosting recovery hopes

Reuters | December 23, 2013 | International Trade

The Canadian economy showed unexpected strength in October, growing for the fourth month in a row and boosting market hopes that the country might finally be shaking off the worst of the great recession. Read More »

Government sees Pacific trade pact talks taking time

Reuters | December 23, 2013 | International Trade

Negotiations on a trade pact between a dozen countries around the Pacific Rim will take whatever time they need as the deal has to be both ambitious and comprehensive, U.S. trade representative Michael Froman said. Read More »

Cars, cosmetics, drugs on US-EU free-trade talks short list

Reuters | December 23, 2013 | International Trade

Cars, cosmetics, information technology and medicines are among the industries earmarked for potential gains in trade talks between the European Union and the United States, negotiators said. Read More »

Indians attack Domino’s as US diplomatic dispute simmers

Reuters | December 23, 2013 | International Trade

Indian protesters ransacked a Domino's Pizza outlet in a Mumbai suburb, demanding a ban on U.S. goods, as officials from the two countries tried to defuse a dispute over the arrest of an Indian diplomat in New York. Read More »

Senator Baucus to be named ambassador to China

Reuters | December 23, 2013 | International Trade

U.S. Senator Max Baucus, a Montana Democrat who has taken a tough stance against some of China's trade practices, will be nominated by President Barack Obama to be the next ambassador to Beijing, Senate aides said. Read More »

Apple, China Mobile sign long-awaited deal to sell iPhones

Reuters | December 23, 2013 | International Trade

Apple Inc said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world's biggest network of mobile phone users. Read More »

Nike profit rises and advance orders jump

Reuters | December 23, 2013 | International Trade

Nike Inc's quarterly profit rose as higher margin products made up a bigger share of its sales, and the sportswear maker said global orders for merchandise for delivery by April increased 13 percent. Read More »