International Trade

Retailers discuss compensation for Bangladesh factory disasters

Reuters | September 12, 2013 | International Trade

A dozen retailers and clothing brands are meeting in Geneva to discuss providing compensation to the victims of the Rana Plaza and Tazreen factory disasters in Bangladesh, although several companies were noticeable by their absence. Read More »

Shanghai noses ahead in China’s free trade zone race

Reuters | September 12, 2013 | International Trade

Shanghai is pulling away as the clear winner in the race to set up free trade zones in mainland China, casting a cloud over the future of other areas such as Qianhai that were clear favorites before and had the blessings of top government officials. Read More »

VW drives overseas expansion as Europe hurts

Reuters | September 11, 2013 | International Trade

Volkswagen is taking further steps to beef up its overseas operations as the German carmaker increasingly feels the pinch of slumping demand in ailing European markets. Read More »

VistaJet CEO takes aim at US before China push

Reuters | September 11, 2013 | International Trade

Private jet operator VistaJet will take on its Warren Buffet-owned rival in the United States next year before turning attention to the Chinese market, the company's founder and chairman Thomas Flohr said. Read More »

US VW execs ‘forced’ by German boss to sign UAW letter

Reuters | September 11, 2013 | International Trade

U.S. executives at Volkswagen AG's plant in Tennessee were "forced" by a German board member to sign a letter disclosing the United Auto Workers' efforts to organize the factory, a move that created distress within the company, U.S. Senator Bob Corker said. Read More »

In world’s biggest market, “cheap” iPhone looks too pricey

Reuters | September 11, 2013 | International Trade

The world's biggest public company and the world's biggest country are at loggerheads over the price of a phone. Read More »

Russia, unhappy with Moldova’s EU drive, bans its wine and spirits

Reuters | September 11, 2013 | International Trade

Russia announced a ban on imports of Moldovan wines and spirits, saying they contained impurities, a move certain to be seen in the small ex-Soviet republic as retaliation for its drive to expand ties with the European Union. Read More »

EU rejects Russian pressure on Ukraine, seeks trade ties

Reuters | September 11, 2013 | International Trade

The European Union rejected Russian pressure to deter Ukraine and other former Soviet republics from deepening trade ties with Europe, saying any kind of retaliation was unacceptable. Read More »

Shanghai may offer corporate tax benefits in free trade zone

Reuters | September 11, 2013 | International Trade

Shanghai may offer tax advantages to companies who operate in its free trade zone (FTZ) the official Shanghai Securities News reported, as leaks of potential reforms and industrial policies in the zone fan stock market speculation. Read More »

Europe buoys McDonald’s in August, but worries linger

Reuters | September 10, 2013 | International Trade

McDonald's Corp reported a bigger-than-expected 1.9 percent increase in global sales at established restaurants in August, after a revival in France helped drive solid results in Europe, its top market. Read More »

Apple expected to unveil iPhone to drive emerging market sales

Reuters | September 10, 2013 | International Trade

Apple Inc is expected to introduce a cheaper version of the iPhone, bringing one of the industry's costliest smartphones within reach of the masses in poorer emerging markets. Read More »

Killing the goose: Why Indian exports need more than a cheap rupee

Reuters | September 10, 2013 | International Trade

The upside of the Indian rupee's slump is an export boom that sets the economy straight, right? Wrong. Prime Minister Manmohan Singh echoed classical economic theory when he told parliament last month that the plunging rupee, which has lost 18 percent against the dollar since selling pressure picked up in May, would spur exports and discourage imports. Read More »

WTO cuts 2013 world trade forecast to 2.5%

Reuters | September 09, 2013 | International Trade

World trade is expected to grow by 2.5 percent this year and 4.5 percent in 2014, the World Trade Organisation's new chief, Roberto Azevedo, said, revising down previous estimates of 3.3 percent and 5 percent. Read More »

Export of hardwood logs to China gets OK as trade ban lifted

AJOT | September 09, 2013 | International Trade

The Port of Virginia will benefit from the reestablishment of American hardwood log exports to China as that country recently lifted its trade ban on the raw material. Read More »

Medvedev warns Ukraine over joining EU trade bloc

Reuters | September 09, 2013 | International Trade

Russian Prime Minister Dmitry Medvedev stepped up pressure on Ukraine to back down on plans to join an EU trade bloc, warning that Kiev would be barred from a customs union of former Soviet states if it signs an agreement with Europe. Read More »

Italy’s jewelry sector bets on exports to counter home weakness

Reuters | September 09, 2013 | International Trade

Export-focused Italian jewelers are seeing sporadic signs of recovery in key foreign sales, offsetting deep-rooted weak demand at home, industry officials at a major trade fair said. Read More »

India’s exports post double digit growth in August

Reuters | September 09, 2013 | International Trade

India's merchandise exports posted double-digit growth in the month of August, while imports were "contained", Trade Secretary S. R. Rao said, offering some respite for the troubled rupee currency. Read More »

China August exports beat forecasts, point to stabilization

Reuters | September 09, 2013 | International Trade

China's exports rose more than expected in August, boosted by improving demand for the country's goods in major markets and adding to evidence that the world's second-largest economy may have avoided a sharp slowdown. Read More »

Smithfield Foods profit falls on weak exports

Reuters | September 06, 2013 | International Trade

Smithfield Foods Inc., the U.S. pork producer that has agreed to a $4.7 billion buyout by China's Shuanghui International Holdings, reported a 36 percent fall in quarterly profit, hurt by lower exports to key international markets such as Japan, China and Russia. Read More »

WTO set to agree Yemen’s membership terms

Reuters | September 06, 2013 | International Trade

Yemen's 13 year pursuit of a seat at the World Trade Organization is set to end successfully this month, making its entry into the global trade club a formality early next year. Read More »