International Trade

China’s COFCO, CIC to set up venture to run agricultural businesses

Reuters | May 12, 2015 | International Trade

China’s largest grain trader COFCO is setting up a venture with sovereign wealth fund China Investment Corp (CIC) to control COFCO’s investments in Dutch trader Nidera and Noble Group Ltd’s agribusiness. Read More »

Alibaba rolls out 3-hour delivery service for healthcare goods

Reuters | May 12, 2015 | International Trade

Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival Inc. Read More »

As Cuba opens, Hollande seeks greater French role

Reuters | May 11, 2015 | International Trade

French President Francois Hollande on Monday urged an end to the U.S. trade embargo of Cuba and envisioned a larger French role in Cuba’s engagement with the West during the first visit by a French head of state to Cuba. Read More »

Brazil to sweeten infrastructure package to woo investors

Reuters | May 11, 2015 | International Trade

Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters. Read More »

China’s state firms cool on new derivatives power

Reuters | May 11, 2015 | International Trade

Chastened by several high-profile calamities in the recent past, many of the state companies China has freed to trade overseas derivatives will be sitting on their hands, put off by the risks or a lack of expertise. Read More »

Europe appeals for UN to back operation to tackle migrant flow

Reuters | May 11, 2015 | International Trade

Europe appealed to the United Nations Security Council on Monday to back its plans to stem the flow of migrants across the Mediterranean and pledged that those intercepted at sea while making the precarious trip would not be repatriated. Read More »

Washington gives Jordan 100,000 tonnes of wheat worth $25 million

Reuters | May 10, 2015 | International Trade

The United States has given Jordan 100,000 tonnes of wheat as part of broader aid to help its Middle Eastern ally cushion the impact of Syrian refugees on its economy, U.S. officials said on Sunday. Read More »

Imports Settling Down After Surge to Clear Backlog

AJOT | May 08, 2015 | International Trade | Ports & Terminals

Import cargo volume at the nation’s major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement that ended months of uncertainty, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Read More »

US Customs Intercepts Cache of Undeclared Bees at Laredo Port

AJOT | May 08, 2015 | International Trade

U.S. Customs and Border Protection (CBP) agriculture specialists at Laredo Port of entry stung an ill-fated and unusual smuggling attempt as they seized a cache of undeclared live queen and worker honey bees from a group of travelers in a pickup truck. Read More »

Soy Growers call for ‘mandatory and continuous’ grain inspections

AJOT | May 08, 2015 | International Trade

American Soybean Association (ASA) Director Bill Gordon, of Minnesota, testified in Washington this week, calling on the Senate Committee on Agriculture, Nutrition and Forestry Committee to help ensure that grain inspections under the Grain Standards Act remain both mandatory and continuous, even in the event of a work stoppage due to strike or lockout. Read More »

Russia and China deepen ties with new economic deals

Reuters | May 08, 2015 | International Trade

Russia and China signed a $25 billion deal to boost Chinese lending to Russian firms and a host of other accords deepening economic cooperation on Friday as Moscow’s ties with the West fray over the Ukraine crisis. Read More »

Carly Fiorina ‘uncomfortable’ granting trade authority to Obama

AJOT | May 08, 2015 | International Trade

Americans for Limited Government President Rick Manning today issued the following statement praising presidential candidate Carly Fiorina for stating she is "uncomfortable with this deal and giving him trade authority" to Obama to negotiate the Trans-Pacific Partnership trade deal on the Laura Ingraham Show: Read More »

Adidas behind competition? Some shareholders think so.

Reuters | May 07, 2015 | International Trade

Adidas (shareholders took aim at the management of the German sportswear company on Thursday, not convinced a new strategy would be enough to challenge the dominance of rival Nike. "Adidas is panting behind the competition. Adidas lost the race, at least in 2014," Gerhard Jaeger, spokesman for the SdK investor association, told the firm's annual shareholder meeting in the southern town of Fuerth. Read More »

Greece defies international creditors

Reuters | May 07, 2015 | International Trade

Greece defied its international creditors by sticking to "red lines" on pension and labor market reforms and urging lenders to give ground, dimming prospects of progress next week toward securing desperately needed financial aid. Read More »

Airbus takes lead in aircraft orders over rival Boeing

Reuters | May 07, 2015 | Air Cargo | International Trade

Airbus appeared to take the lead in the order race with Boeing last month, leapfrogging its rival with confirmation of a major Latin American order as Boeing prepared to issue its own final data for the first four months of 2015. Read More »

China’s CNR, CSR kick off merger process with trading halt

Reuters | May 07, 2015 | Intermodal | Rail | International Trade

Chinese train makers China CNR Corp Ltd and CSR Corp Ltd halted trading of their shares on Thursday, the first step in a merger process expected to create the world's biggest rail conglomerate in terms of sales. Read More »

Euro zone retail sales were weaker than expected in March

Reuters | May 07, 2015 | International Trade

Euro zone retail sales were weaker than expected in March, turning negative on a monthly basis for the first time since last September. Read More »

Alibaba Group Holding Ltd’s (BABA.N) quarterly revenue up 45%

Reuters | May 07, 2015 | International Trade

Alibaba Group Holding Ltd's (BABA.N) quarterly revenue rose 45 percent, beating analysts' expectations, as the Chinese e-commerce company reported a jump in gross merchandise volume. Read More »

The TT Club 2014 Financial Results

AJOT | May 06, 2015 | International Trade | Ports & Terminals

The TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2014, maintaining its A- (Excellent) rating by agency AM Best for the 9th consecutive year. Read More »

International Port Corp Announces Ferry Service to Cuba

AJOT | May 06, 2015 | International Trade | Ports & Terminals

International Port Corp received US Licenses today from both the US Treasury Department and the US Commerce Department for direct passenger ferry service from Florida to Cuba. Read More »