International Trade

G20 grapples with formula to ease currency strains

AJOT | November 11, 2010 | International Trade

The Group of 20 labored to agree how to put the world economy on a sounder footing as fears about Ireland's ability to pay its debts underscored lingering fallout from the global financial crisis.

The G20 hoped to use a two-day summit to recapture uni Read More »

Farm subsidies seen a turn off for investors

AJOT | November 11, 2010 | International Trade

Pricey commodities have made U.S. farmers less dependent on government aid, but the European farm sector still faces the risk of disruption from subsidies being phased out, agriculture investors said. Read More »

US trade gap narrows more than expected

AJOT | November 11, 2010 | International Trade

The U.S. trade defict narrowed more than expected in September, despite near record imports from China, as a weak U.S. dollar helped American exports grow for the third consecutive month, a U.S. government report showed.

The monthly trade gap totaled Read More »

US, Korea trade pact faltered over autos

AJOT | November 11, 2010 | International Trade

Disagreement over the access of U.S. carmakers to the lucrative South Korean automobile market was the main reason the two countries failed to advance a long-stalled free trade pact, U.S. officials said.

Mike Froman, an economic adviser to U.S. Presid Read More »

Pandora Q3 profit triples, eyes Russia and China

AJOT | November 11, 2010 | International Trade

Jewellery maker Pandora , a newcomer to the bourse, said growth across all regions and product categories helped it triple profit in the third quarter.

Pandora makes mass-market jewellery sold mainly in Europe and the United States and is eye Read More »

Growth in intra-Asia trade to drive freight-industry execs

AJOT | November 09, 2010 | International Trade

Intra-Asia trade will be the lynchpin for the global shipping industry in the near term as the West slowly recovers from the financial crisis, senior maritime executives.

Led by growing consumer consumption in China and India, intra-Asia trad Read More »

Germany’s Merkel warns on protectionism

AJOT | November 09, 2010 | International Trade

A return to trade protectionism is the greatest danger facing the global economy, German Chancellor Angela Merkel was quoted as saying. Read More »

EU should be flexible to reach trade deal with Gulf

AJOT | November 09, 2010 | International Trade

Gulf Arab oil producing countries would sign a long-delayed free trade agreement with the European Union immediately if the bloc shows flexibility over export duties, a Gulf Cooperation Council official said.

Both camps started negotiating a Read More »

Brazil takes EU poultry rules to WTO

AJOT | November 09, 2010 | International Trade

Brazil will ask the World Trade Organization to open a dispute panel over European Union poultry regulations it considers illegal, a senior government official told Reuters.

"We've concluded that we have a strong case and will proceed," said Carlos Ma Read More »

Singapore’s chemical ambitions face Chinese threat

AJOT | November 09, 2010 | International Trade

Singapore's aim to rule Asia's expanding specialty chemicals market will be challenged with China set to boost capacity and reduce imports, leaving the island with limited export options. Read More »

SE Asia needs less expansionary policies

AJOT | November 09, 2010 | International Trade

Southeast Asian economies need to shift towards less expansionary fiscal and monetary policies as they recover from the global economic downturn, the Organisation for Economic Cooperation and Development (OECD) said in a report.

"Greater flex Read More »

Mexico, Brazil agree to seek closer trade ties

AJOT | November 09, 2010 | International Trade

Brazil and Mexico said they would work towards a trade deal to tie Latin America's top two economies more closely together, boost tiny trade flows and confront rising global competition.

The agreement follows more than a decade of attempts to Read More »

Trade deals in the Asia-Pacific region

AJOT | November 09, 2010 | International Trade

Leaders and ministers from the Asia-Pacific Economic Cooperation (APEC) forum will discuss this week steps toward setting up a vast free trade area, as Doha talks to reach a deal to open up global commerce struggle.

APEC consists of 21 econom Read More »

Italy’s jewellery exports up 26%

AJOT | November 09, 2010 | International Trade

Italy's jewellery exports jumped 26 percent in value in the first half of 2010, helped by soaring precious metals prices, according to industry data cited by a newspaper.

Shipments by the major jewellery exporter to the key U.S. market soared Read More »

China opens up big export lead over Germany

AJOT | November 09, 2010 | International Trade

In the first nine months of 2010, China opened up a massive exports lead on Germany, which until last year was still exporting more merchandise than the Asian giant, World Trade Organization data showed.

In the January-September period, China Read More »

Obama returns fire after China slams Fed’s move

AJOT | November 09, 2010 | International Trade

President Barack Obama defended the Federal Reserve's policy of printing dollars after China and Russia stepped up criticism.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to preve Read More »

United Tech targets $2.5 blllion India revenue by 2015

AJOT | November 09, 2010 | International Trade

Diversified U.S. manufacturer United Technologies Corp expects to grow its India revenue by 20 percent this year from about $500 million in 2009 and has set a 2015 target of $2.5 billion, its chairman said.

Hartford, Connecticut-based United Technolog Read More »

GE to invest over $2 blllion in China JVs

AJOT | November 09, 2010 | International Trade

General Electric Co will invest more than $2 billion in China through 2012 to expand its research and development and customer support capabilities, the company's chief executive said.

GE, the largest U.S. conglomerate, will spend $500 millio Read More »

APEC ponders free trade area as frictions loom

AJOT | November 09, 2010 | International Trade

Asia-Pacific economies, including China and the United States, are laying the groundwork for a vast free trade area, but frictions over currencies and geopolitical rivalries threatened to undermine regional harmony.

China and the United State Read More »

G20 pursues protectionism, poor states hurt

AJOT | November 09, 2010 | International Trade

G20 states are continuing to carry out protectionist policies in contrast to repeated pledges to keep markets open, and developing countries have been among the main victims, a study by independent economists said.

The report by Global Trade Read More »