International Trade

US to press currency policy around Pacific trade talks

Reuters | May 19, 2015 | International Trade

The United States will press potential partners in a Pacific trade pact for agreement on currency policies "in the context of" the trade deal, U.S. Treasury Secretary Jack Lew said. Read More »

Japan says hard to hold TPP ministerial talks without US fast-track bill

Reuters | May 19, 2015 | International Trade

Japanese Economy Minister Akira Amari said it is becoming "extremely difficult" to hold ministerial talks on a Pacific trade pact unless a fast-track bill is passed in the United States. Read More »

Pernod prepares to take Cuban-made rum to the US

Reuters | May 19, 2015 | International Trade

French drinks giant Pernod Ricard is poised to sell its Cuban-made rum in the United States once a 53-year-old trade embargo is lifted, going head-to-head with Cuban-founded Bacardi which dominates the world's biggest market. Read More »

US charges three Chinese professors, three others with economic espionage

Reuters | May 19, 2015 | International Trade

The U.S government charged three Chinese professors and three other Chinese nationals with economic espionage and stealing trade secrets from two companies that develop technology often used in military technologies, the Department of Justice said. Read More »

Price cutting threatens automakers’ rich margins in China

Reuters | May 19, 2015 | International Trade

International automakers are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry's rich profit margins. Read More »

China carrier Ruili, partners sign $6 billion deal for 60 Boeing jets

Reuters | May 19, 2015 | International Trade

A Chinese consortium of Ruili Airlines, a privately-owned start-up budget carrier, and two leasing firms has signed a deal to buy 60 B737 MAX jets from Boeing Co for 38 billion yuan ($6.13 billion), the official Xinhua News Agency said. Read More »

Congress moving closer to passing IMF reforms

Reuters | May 19, 2015 | International Trade

The U.S. Congress is moving closer to approving IMF reforms, and lawmakers are now trying to find the best timing and vehicle for getting the historic legislation passed, U.S. Treasury Secretary Jack Lew said. Read More »

China ends 3-year embargo on Brazil beef imports

Reuters | May 19, 2015 | International Trade

Brazil's agriculture ministry said that China had definitively ended an embargo on Brazilian beef imports that had been in place since 2012. Read More »

EU trade chief says Russia did not seek Ukraine pact delay

Reuters | May 19, 2015 | International Trade

EU Trade Commissioner Cecilia Malmstrom said Russian officials did not seek a postponement during three-way talks in Brussels of the January 2016 start of an EU-Ukraine free trade pact. Read More »

AIIB founding members to meet in Singapore this week

Reuters | May 19, 2015 | International Trade

Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution. Read More »

Alibaba’s Ma says Kering lawsuit ‘regrettable’

Reuters | May 19, 2015 | International Trade

The founder of Alibaba Group Holdings Ltd called "regrettable" a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters. Read More »

Push paper aside to find efficiency

AJOT | May 19, 2015 | International Trade

The investment troubles you see on the horizon - the ones that have you second-guessing your move to new technology - might just be a mirage. The long-term costs in delaying only bury you a little deeper every day. Read More »

Airbus orders checks on A400M engine system after crash

Reuters | May 19, 2015 | International Trade

Airbus ordered engine software checks on the A400M military aircraft following the recent fatal crash of Europe's new troop and cargo carrier. Read More »

China’s Li brings investment pledge to struggling Brazil

Reuters | May 19, 2015 | International Trade

Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. Read More »

Chris Christie comes out against fast track, joins 6 other GOP presidential aspirants

AJOT | May 19, 2015 | International Trade

Americans for Limited Government President Rick Manning today issued the following statement urging Senate Republicans to reconsider their support of granting trade promotion authority to President Barack Obama Read More »

Alibaba sued in US by luxury brands over counterfeit goods

Reuters | May 18, 2015 | International Trade

A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world. Read More »

Republicans claim enough votes to pass fast-track trade bill

Reuters | May 18, 2015 | International Trade

Top Republicans predicted that both chambers of Congress would muster the votes to pass the "fast-track" authority sought by President Barack Obama to negotiate major trade deals, despite opposition from Obama's fellow Democrats. Read More »

Russian steelmakers risk losing export markets to Chinese rivals

Reuters | May 18, 2015 | International Trade

Russian steelmakers are stepping up exports to compensate for a fall in a domestic demand, but with European and U.S. protectionism fueling market competition, analysts say they risk losing sales to Chinese rivals. Read More »

Singapore April exports better than expected but US, China weakness weigh

Reuters | May 18, 2015 | International Trade

Singapore's annual exports unexpectedly rose in April from a year earlier on strong demand from Europe, but weakness in shipments to the United States and China underscored the uncertainties facing Asia's trade-reliant economies. Read More »

Export fall means 3 percent GDP growth ‘a challenge’ for Thailand

Reuters | May 18, 2015 | International Trade

An economic growth rate of three percent for Thailand this year will be a challenge, the country's central bank governor said on Friday, indicating Southeast Asia's second-largest economy would expand well below the rate forecast by the government. Read More »