International Trade

After huge orders, Airbus and Boeing sign Gulf supply deals

Reuters | November 19, 2013 | Air Cargo | International Trade

Airbus and Boeing agreed to triple purchases of parts and materials from Abu Dhabi in deals worth over $5 billion, as Gulf states seek a reciprocal boost to their economies from huge orders they have placed with the planemakers. Read More »

In China’s smartphone boom, market share trumps margins

Reuters | November 19, 2013 | International Trade

Savvy U.S. chipmakers are hitching their wagons to Chinese smartphone makers, willing to sacrifice profit margins to boost sales volumes in the world's second-largest mobile phone market. Read More »

Australian kangaroo exporters look to hop into meat-hungry China

Reuters | November 19, 2013 | International Trade

Once considered pet food, kangaroo meat could soon be sold to China as a luxury product, to encourage Chinese consumers to do something few Australians will - eat it. Read More »

Japan not ready yet to pass non-tariff barrier test

Reuters | November 19, 2013 | International Trade

Japan still has work to do in tearing down non-tariff barriers faced by European Union companies ahead of a decisive review of EU-Japan trade talks next April, the EU trade chief said. Read More »

Myanmar turns to Japan, Thailand to kick-start stalled Dawei

Reuters | November 19, 2013 | International Trade

Myanmar is set to wrest control of its Dawei industrial complex from Thai company Italian Thai Development over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. Read More »

Germany’s current account surplus may shrink to 5.5% in 2015

Reuters | November 19, 2013 | International Trade

Germany's high current account surplus, which the United States has blamed for hampering the global economy, may fall below the key 6 percent level in 2015, the OECD said. Read More »

ANZ Bank wins approval for sub-branch in Shanghai free trade zone

Reuters | November 18, 2013 | International Trade

Australia and New Zealand Banking Group Ltd said it had approval from Chinese authorities to set up a sub-branch in the new Shanghai free-trade zone, following several other major international lenders into the pilot project. Read More »

Euro zone trade surplus grows more than expected in September

Reuters | November 18, 2013 | International Trade

The euro zone's trade surplus grew more than expected in September as imports were flat and exports rose, data from the European Union statistics office Eurostat showed Read More »

EU, US say trade deal won’t pander to big business

Reuters | November 18, 2013 | International Trade

U.S. and EU trade negotiators rejected accusations on Friday that they are pandering to multinational companies in their push to agree the world's largest free-trade deal, saying food safety and the environment will not be put at risk. Read More »

Europe moves to ban South African citrus imports

Reuters | November 15, 2013 | International Trade

The European Union is preparing a ban on South African citrus imports over fungal disease fears that could take orange juice off Europe's breakfast tables next summer and undermine efforts in Brussels to broaden trade with Africa's biggest economy. Read More »

Japan exports seen rising at fastest in three years as demand recovers

Reuters | November 15, 2013 | International Trade

Japan's exports rose in October at their fastest pace in three years in a sign that overseas demand is picking up pace again, a Reuters survey showed, which could help ease concerns about the global economic recovery. Read More »

US officials crush 6 tons of ivory in bid to end illegal trade

Reuters | November 15, 2013 | International Trade

Highlighting a pledge to crack down on the multibillion-dollar illicit global trade in wildlife, U.S. authorities on Thursday pulverized 6 tons of seized ivory from thousands of elephants slaughtered by poachers for their prized tusks. Read More »

Boeing vote brings out rivals for lucrative jetliner work

Reuters | November 15, 2013 | Air Cargo | International Trade

State economic officials have jumped at the chance to grab a piece of Boeing's newest jetliner program after a union vote stalled efforts to build the aircraft in Washington state. Read More »

Spy scandal weighs on US tech firms in China, Cisco takes hit

Reuters | November 15, 2013 | International Trade

U.S. technology companies including Cisco Systems Inc, International Business Machines Corp and Microsoft Corp may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal starts to take a toll. Read More »

VW group sales up 3.8% in October on North America, China

Reuters | November 15, 2013 | International Trade

Germany's Volkswagen said group vehicle sales increased 3.8 percent in October on demand from North America and China. Read More »

Brazil’s JBS sees favorable US, China meat outlook

Reuters | November 15, 2013 | International Trade

Brazil's JBS, the world's largest integrated meats producer, believes the outlook for the U.S. poultry market, where it operates Pilgrim's Pride, is looking up, company executives said. Read More »

Morrison & Foerster Represents Global Logistic Properties in Formation of $3 Billion China Logistics

George Lauriat | November 15, 2013 | International Trade

Morrison & Foerster has represented an affiliate of Global Logistic Properties Limited, Asia’s largest provider of modern logistics facilities, in the formation of the world’s largest China-focused logistics infrastructure fund. Read More »

Walmart Commits $1 Million in Response to Typhoon Haiyan

George Lauriat | November 15, 2013 | International Trade

Funds will support emergency relief efforts throughout the Philippines. Read More »

Bangladesh factories agree to pay rise, but protests go on

Reuters | November 14, 2013 | International Trade

Bangladeshi garment factory owners said they had agreed to a proposed 77 percent rise in the minimum wage, but police used teargas and rubber bullets to break up new protests by stone-throwing workers calling for a bigger increase. Read More »

US trade gap widens on imports

Reuters | November 14, 2013 | International Trade

The U.S. trade deficit widened in September as imports rose to their highest level in almost a year and exports fell for a third consecutive month, suggesting the third-quarter growth estimate will probably be lowered. Read More »