International Trade

US third-quarter growth revised up to 3.6 percent, jobless claims fall

Reuters | December 05, 2013 | International Trade

The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish and buoyed the case for the Federal Reserve to keep up its stimulus for now. Read More »

Washington says won’t let trade deals water down financial regulations

Reuters | December 05, 2013 | International Trade

The United States pledged to keep any new free trade deal from weakening its financial regulations, and said it would press Europe and Asia to match U.S. efforts to make banking and securities trading safer. Read More »

Kerry visits Western-leaning Moldova to show support

Reuters | December 05, 2013 | International Trade

John Kerry became the first U.S. secretary of state to visit Moldova in more than two decades on Wednesday, part of a show of support for pro-Western moves by the former Soviet republic in the face of Russian pressure. Read More »

China Mobile still talking to Apple on iPhones

Reuters | December 05, 2013 | International Trade

China Mobile Ltd, the country's largest mobile operator, said it is still negotiating with Apple Inc to offer iPhones on its network, commenting on a media report saying that a long-awaited agreement had been reached. Read More »

Indonesia targets higher taxes for imported luxury goods

Reuters | December 05, 2013 | International Trade

Indonesia is planning to impose a higher luxury tax for imported retail goods in its latest attempt to dampen domestic consumption in Southeast Asia's biggest economy, an official at the finance ministry said. Read More »

China state TV accuses foreign carmakers of price gouging

Reuters | December 05, 2013 | International Trade

China's state television accused foreign carmakers of charging domestic customers more for repair costs than in other markets, singling out Audi, Subaru and Jaguar Land Rover Ltd in the latest of a series of programs targeting foreign firms. Read More »

In World Cup year, Europe offers Brazil longer-term goal

Reuters | December 05, 2013 | International Trade

While much of Brazil is focused on hosting next year's soccer World Cup and the Olympic Games in 2016, an event of far longer-lasting economic significance is bubbling below the surface. Read More »

Brazil auto production drops 10.7% in November

Reuters | December 05, 2013 | International Trade

Automobile production in Brazil fell 10.7 percent and sales fell 8.3 percent in November from October, the national automakers' association said. Read More »

Baltic index up as capesize rates jump

Reuters | December 05, 2013 | International Trade

The Baltic Exchange's main sea freight index, which gauges the cost of shipping bulk commodities such as iron ore, grain, coal and fertiliser, rose for the ninth straight day on Thursday, as capesize rates jumped. Read More »

China’s free trade zone plans herald quicker FX reforms

Reuters | December 04, 2013 | International Trade

China plans to roll out financial sector reforms in the Shanghai special economic zone in the next three months and most will be implemented in a year, suggesting authorities are accelerating the pace of dismantling capital account controls. Read More »

Euro zone weak recovery confirmed, Oct retail sales disappoint

Reuters | December 04, 2013 | International Trade

Rising inventories and investment kept euro zone economic growth in positive territory in the third quarter despite a negative contribution from trade and no help from household demand which weakened further in October, data showed. Read More »

Ukraine protesters threaten tighter blockade over spurned EU pact

Reuters | December 04, 2013 | International Trade

Ukraine's government faced a tightening blockade of key buildings by protesters in the capital Kiev amid a crisis over its rejection of closer ties with the European Union that has piled pressure on the creaking economy. Read More »

US trade deficit narrows as exports hit record high

Reuters | December 04, 2013 | International Trade

The U.S. trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand that should help to support domestic growth in the fourth quarter. Read More »

China rejects US corn cargoes for GMO amid domestic glut

Reuters | December 04, 2013 | International Trade

China has rejected five batches of U.S. corn tainted with a genetically-modified strain not yet approved by its agriculture ministry, a move that could discourage imports amid a growing domestic supply surplus. Read More »

GM November China auto sales up 13.3%

Reuters | December 04, 2013 | International Trade

General Motors Co and its Chinese joint ventures sold 294,500 vehicles in China in November, a 13.3 percent increase from a year earlier, the U.S. automaker said. Read More »

Wal-Mart pays lawyer fees for dozens of executives in bribery probe

Reuters | December 04, 2013 | International Trade

Wal-Mart Stores Inc is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter, an unusually high number that shows the depth of the federal probe. Read More »

Philip Morris, Japan Tobacco spend $1.5 billion on Russian distributor

Reuters | December 04, 2013 | International Trade

Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes for $750 million each in Russian distributor Megapolis, strengthening their grip on the world's No. 2 cigarette market after China. Read More »

US concern over Huawei telecoms deal with South Korea

Reuters | December 04, 2013 | International Trade

The heads of two U.S. Senate committees overseeing national security have expressed concern to the Obama administration over a recent network supply deal between China's Huawei Technologies Co Ltd and Washington ally South Korea. Read More »

China Mobile briefly takes pre-orders for iPhones

Reuters | December 04, 2013 | International Trade

China Mobile Ltd, the world's largest mobile phone carrier, has quietly begun taking pre-orders for Apple Inc's iPhones, according to a report on Fortune.com. Read More »

China Rongsheng flags full-year loss as shipping slump takes toll

Reuters | December 04, 2013 | International Trade

China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, said on Wednesday it expects to report a substantial full-year loss just months after it appealed to the government for financial help. Read More »