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 »

Panama Canal registers record grain and salt cargoes in the first half of FY 2015

AJOT | May 19, 2015 | Ports & Terminals

From October 2014 through March 2015, cargo shipments in dry bulkers through the Panama Canal increased by 8.0 percent, equaling 66.0 million long tons in total. Read More »

ICTSI Laguna dry port expands facilities

AJOT | May 19, 2015 | Ports & Terminals

International Container Terminal Services, Inc.’s (ICTSI) dry port unit, Laguna Gateway Inland Container Terminal (LGICT), recently broke ground to start the expansion of new facilities which include extended and dedicated storage areas for loaded and empty containers, a runway for rubber tired gantries (RTG), container care facilities, weigh bridges at the gates and an upgraded access road, as it primes the Laguna dry port for the revival of intermodal freight transport in the Philippines. Read More »

Port of Virginia reports profitable April

AJOT | May 19, 2015 | Ports & Terminals

Port of Virginia reports profitable April The Port of Virginia is reporting a $10 million operating profit thus far into fiscal 2015, a total bolstered by strong cargo volumes and accompanying financial performance in April. Read More »

EU rules German minimum wage law on foreign truckers is illegal

Reuters | May 19, 2015 | Intermodal | Road

A German law ordering foreign truck drivers be paid the German minimum wage for any hours spent driving across the country is illegal, the European Commission said. Read More »

ATA truck tonnage index fell 3% in April

AJOT | May 19, 2015 | Intermodal | Road

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell 3% in April, following a revised gain of 0.4% during the previous month. In April, the index equaled 128.6 (2000=100), which was the lowest level since April 2014. The all-time high is 135.8, reached in January 2015. 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 »

Out of Africa? Texans offer sanctuary to endangered rhinos

Reuters | May 19, 2015 | Air Cargo

In the Texas grassland, home to white-tailed deer and rattlesnakes, outdoorsman Charly Seale sees a vast sanctuary of open spaces that could be used to protect the wild African rhino from its biggest enemy - poachers in search of the animals' valuable horns. 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 »

Brazil’s Vale to sell 4 large iron ore carriers to China’s CMES

Reuters | May 19, 2015 | Breakbulk & Projects | Breakbulk

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump. Read More »