International Trade

German Defense Minister: Need to continue Greece talks with steadfastness

Reuters | June 22, 2015 | International Trade

EUROZONE-GREECE/GERMANY (URGENT):German defmin: Need to continue Greece talks with steadfastness Read More »

Global brands stretched by India’s food safety record

Reuters | June 21, 2015 | International Trade

At a McDonald’s plant outside Mumbai, 200 workers walk through air dryers and disinfectant pools, then get to work making the day’s 25,000 patties from chicken painstakingly sourced in a country with one of the world’s worst food safety records. Read More »

Brazil’s Odebrecht names interim CEO after arrests

Reuters | June 19, 2015 | International Trade

Brazilian conglomerate Odebrecht SA named Newton de Souza as its interim chief executive officer according to an internal memo obtained by Reuters on Friday, after federal police arrested Marcelo Odebrecht. Read More »

Merkel wants to seal framework for US/EU trade deal by year end

Reuters | June 18, 2015 | International Trade

German Chancellor Angela Merkel said that Berlin was still aiming to reach a political framework for a comprehensive trade deal between the European Union and the United States by the end of this year. Read More »

US current account widens on weak exports, overseas profits

Reuters | June 18, 2015 | International Trade

The U.S. current account deficit widened in the first quarter to its highest level since 2012 likely due to the strong dollar's drag on overseas profits and exports. Read More »

Nucor forecasts dip in profit as imports hit steel prices

Reuters | June 18, 2015 | International Trade

Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, forecast a fall in quarterly profit as cheaper steel imports continue to weigh on average selling prices of the metal. Read More »

Deciphering alphabet soup in US-Asia trade pact fight

Reuters | June 18, 2015 | International Trade

The U.S. Congress's fight over President Barack Obama's proposed Pacific Rim trade deal is sometimes a fog of abbreviations. Here is a guide to key proposals and programs involved. Read More »

US retreat from ExIm, trade will cost jobs, influence

Reuters | June 18, 2015 | International Trade

General Electric Co Chairman Jeff Immelt warned that the company would move manufacturing jobs to Canada and Europe if the Export-Import Bank closes and that U.S. economic influence will wane if Congress blocks a major Pacific-rim trade pact. Read More »

EU-US trade deal seems distant dream after early optimism

Reuters | June 18, 2015 | International Trade

When U.S. trade chief Michael Froman opened talks in 2013 on an EU-U.S. free trade deal he said he was confident it could be reached on "one tank of gas." Two years later, negotiations have all but stalled. Read More »

Boeing says government loans for Airbus A380neo would go against WTO rulings

Reuters | June 18, 2015 | International Trade

Boeing Commercial Airplanes Chief Executive Ray Conner said at the Paris air show on Tuesday that any government loans for a revamped version of Airbus' A380 superjumbo would go against recent World Trade Organization rulings. Read More »

US to press China on currency, eye on AIIB

Reuters | June 18, 2015 | International Trade

U.S. officials will press their Chinese counterparts on currency policy at high-level talks next week, and have not taken off the table the possibility that the United States may one day join a China-led infrastructure bank, a senior U.S. Treasury official said. Read More »

US House win revives Obama’s Pacific trade pact

Reuters | June 18, 2015 | International Trade

U.S. lawmakers narrowly approved legislation key to securing a hallmark Pacific trade deal, partly reversing a defeat less than a week before, in a boost to President Barack Obama's goal of strengthening U.S. economic ties with Asia. Read More »

Retailers applaud passage of Trade Promotion Authority

AJOT | June 18, 2015 | International Trade

The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French on House passage of a stand-alone Trade Promotion Authority bill, which will provide Congress with new oversight responsibilities over pending and future trade agreements: Read More »

DNA sleuthing pinpoints two African elephant poaching hot spots

Reuters | June 18, 2015 | International Trade

DNA testing on tons of ivory seized from traffickers has identified two elephant poaching "hot spots" in Africa in a development scientists hope will spur a crackdown on the illegal trade decimating the population of Earth's largest land animal. Read More »

Japan export slowdown could weigh on second quarter GDP growth

Reuters | June 18, 2015 | International Trade

Japan's export growth slowed for a second straight month in May, with weak external demand now threatening to erode economic growth in the current quarter. Read More »

Tanzania urges China to curb ivory demand to save elephants

Reuters | June 18, 2015 | International Trade

A Tanzanian government minister described elephant poaching as a national disaster, and urged China to curb its appetite for ivory. Read More »

China steel exports said to be sold at a loss as backlash grows

Reuters | June 18, 2015 | International Trade

Some Chinese steelmakers are selling their output abroad at a loss, according to traders and a producer, as a group of global industry bodies urged governments to take action over rising shipments from China. Read More »

China condemns efforts to find fault with new infrastructure bank AIIB

Reuters | June 18, 2015 | International Trade

China's Foreign Ministry condemned efforts to cast doubt on governance issues facing the country's new Asian Infrastructure Investment Bank (AIIB), saying attention should focus instead on finding ways to tackle regional problems. Read More »

India raises duties on some steel products to counter Chinese imports

Reuters | June 18, 2015 | International Trade

India has raised duties on certain steel products by up to 2.5 percentage points, as domestic producers struggle to cope with surging cheap imports from China and Russia, among others. Read More »

Italy seizes four tons of cocaine, smashes mafia trafficking ring

Reuters | June 18, 2015 | International Trade | Ports & Terminals

Italian police have seized more than 4 tons of cocaine worth 1 billion euros ($1.13 billion) on the street and arrested dozens of people suspected of running a huge mafia drug trafficking ring, a police official said. Read More »