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Indian e-tailer Flipkart raises $1 billion in funding

Reuters | July 29, 2014 | Intermodal

Flipkart, India's largest e-tailer, said it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country has heated up competition. Read More »

Fortis pushes ahead with Canada LNG for transport expansion

Reuters | July 29, 2014 | Intermodal

Fortis Inc is pushing ahead with a C$400 million ($370.4 million) expansion of its Tilbury liquefied natural gas (LNG) plant in British Columbia, as the gas distributor looks to meet growing domestic demand for the super-chilled fuel. Read More »

Lufthansa Cargo transports 65 horses to Tehran

AJOT | July 29, 2014 | Air Cargo

65 horses, 22 mobile stalls, one aircraft. Lufthansa Cargo flew this record-breaking number of quadrupeds from Frankfurt to the Iranian capital, Tehran, on a special flight from Monday to Tuesday night. Read More »

U.S. to seize Kurdish oil from tanker off Texas

Reuters | July 29, 2014 | Energy | Maritime

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq’s central government and the autonomous region. Read More »

U.N. blacklists operator of North Korean ship seized in Panama

Reuters | July 28, 2014 | Liner Shipping

A U.N. Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms, and raised concerns about Cuba’s military cooperation with Pyongyang. Read More »

Brazil’s Prumo says suspends Porto Brasil project

Reuters | July 28, 2014 | Ports & Terminals

Brazilian port operator Prumo Logística said on Monday its subsidiary LLX Brasil Operações Portuárias S.A. has formally decided not to continue with its Porto Brasil project in the state of Sao Paulo. Read More »

Fortis pushes ahead with Canada LNG for transport expansion

Reuters | July 28, 2014 | Energy | Maritime

Fortis Inc is pushing ahead with a C$400 million ($370.4 million) expansion of its Tilbury liquefied natural gas (LNG) plant in British Columbia, as the gas distributor looks to meet growing domestic demand for the super-chilled fuel. Read More »

Russia criticizes EU sanctions, raps US over Ukraine role

Reuters | July 28, 2014 | International Trade

Russia reacted angrily to additional sanctions imposed by the European Union over Moscow's role in the Ukraine crisis, saying they would hamper cooperation on security issues and undermine the fight against terrorism and organized crime. Read More »

Germany to reject EU-Canada trade deal

Reuters | July 28, 2014 | International Trade

Germany is to reject a multi-billion free trade deal between the European Union and Canada which is widely seen as a template for a bigger agreement with the United States, a leading German paper reported. Read More »

Peace before economy for Russia sanctions

Reuters | July 28, 2014 | International Trade

Germans must put peace before economic considerations and accept tougher sanctions against Russia if necessary, Germany's finance minister told the Bild am Sonntag newspaper. Read More »

EU edges to economic sanctions on Russia but narrows scope

Reuters | July 28, 2014 | International Trade

The European Union reached outline agreement to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial gas sector. Read More »

India threatens to derail WTO deal, prompts angry US rebuke

Reuters | July 28, 2014 | International Trade

India threatened to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a U.S. warning that its demands could kill global trade reform efforts. Read More »

China needs to import more food to ease water, energy shortages

Reuters | July 28, 2014 | International Trade

China should boost imports of food so it can dedicate more of its scarce water supplies to energy production, especially in arid but coal-rich regions like Xinjiang and Ningxia, a senior environmental official said. Read More »

China regulator says scandal-hit food supplier forged production dates

Reuters | July 28, 2014 | International Trade

Regulators in Shanghai have found that scandal-hit China-based food supplier forged production dates on some of its products and sold them after their expiry, the official Xinhua news agency reported. Read More »

US sets anti-dumping duties on solar imports from China, Taiwan

Reuters | July 28, 2014 | International Trade

The United States set new import duties on solar products from China and Taiwan after the Commerce Department found that the solar panels and cells are being sold too cheaply on the U.S. market. Read More »

China condemns US anti-dumping duties on solar imports

Reuters | July 28, 2014 | International Trade

China's Commerce Ministry castigated the United States for setting new import duties on Chinese solar products, saying Washington's actions risked damaging the industry in both countries. Read More »

US group overhauls China business in meat safety scandal

Reuters | July 28, 2014 | International Trade

A leading U.S. meat supplier said that a Chinese unit at the centre of a food safety scandal had issues that were "absolutely inconsistent" with the group's high standards. Read More »

Microsoft says government officials make sudden visits to China offices

Reuters | July 28, 2014 | International Trade

Chinese government officials have made sudden visits to Microsoft Corp offices in China, a spokeswoman for the company said on Monday, but declined to give any reason for the inspections. Read More »

US food group CEO to brief media as McDonald’s feels pinch in China food scandal

Reuters | July 28, 2014 | International Trade

The head of U.S. meat supplier OSI Group, the parent company of a Chinese firm at the centre of a food safety scandal, will hold a news conference in Shanghai, as McDonald's Corp struck more meat dishes off its menus in China. Read More »

Nissan aims to boost US sales and profit as it closes on Honda

Reuters | July 28, 2014 | International Trade

Nissan Motor Co Ltd aims to boost sales and profitability in the United States, its biggest market, an executive said, after Japan's No.2 automaker posted a 14 percent rise in quarterly U.S. sales, closing in on rival Honda Motor Co. Read More »

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