Abu Dhabi Ports invests $7.2 blllion in industial zone

AJOT | November 15, 2010 | Ports & Terminals

State-backed Abu Dhabi Ports Company (ADPC) will invest $7.2 billion in the first phase of an industrial zone and will offer 100 percent foreign ownership to companies that contribute to the emirate's GDP, government officials said. The Khalifa Industria Read More »

Russian Railways sees 2010 rail freight up 11%

AJOT | November 15, 2010 | Intermodal

Russian rail freight -- a key indicator of the country's broader economic health -- may grow by 11 percent this year, more than expected, Interfax agency cited the head of state monopoly Russian Railways as saying. Read More »

TRAC Intermodal announces the West Coast Metro Pool in Oakland & Los Angeles, CA

AJOT | November 15, 2010 | Intermodal

TRAC Intermodal announces the opening of its West Coast Metro Pool in Oakland and Los Angeles, CA, beginning operation on December 1, 2010.

The West Coast Metro Pool will provide chassis to the intermodal drayage community and steamship lines Read More »

Caterpillar buying Bucyrus in big bet on mining

AJOT | November 15, 2010 | International Trade

Heavy equipment maker Caterpillar Inc set the largest deal in its history, saying it would buy Bucyrus International Inc for $7.6 billion to expand in mining. Read More »

Russia to set only partial ban on frozen poultry

AJOT | November 15, 2010 | International Trade

Major meat importer Russia will impose only a partial ban on deep frozen poultry rather than a total one, Russian media reported.

Business daily Vedomosti quoted the head of consumer protection watchdog Rospotrebnadzor, Gennady Onishchenko, a Read More »

G20 closes ranks but skims over toughest tasks

AJOT | November 15, 2010 | International Trade

G20 leaders closed ranks and agreed to a watered-down commitment to watch out for dangerous imbalances, yet offered investors little proof the world was any safer from economic catastrophe.

After an acrimonious start, developed and emerging n Read More »

Must get South Korea trade deal right

AJOT | November 15, 2010 | International Trade

Reaching a U.S.-South Korea trade deal that boosts American exports and creates jobs is more important than rushing to clinch an agreement, U.S. Trade Representative Ron Kirk said.

Kirk, in an interview with Reuters, also said that China's recent limi Read More »

India’s imports growth in Oct lowest in 7 years

AJOT | November 15, 2010 | International Trade

India's imports growth in October slipped to single digits and the lowest level in seven years, data showed on Monday, prompting fears industrial activity has begun moderating in Asia's third-largest economy.

Industrial output growth unexpect Read More »

EU employers’ group warns on euro, protectionism

AJOT | November 15, 2010 | International Trade

European businesses are concerned by the euro's strength but see state protectionism and poor coordination of global economic policies as a greater threat, Europe's top employers' group said on Monday. Earlier this month the euro hit its highest level aga Read More »

Obama’s Asia frustrations raise protectionist risks

AJOT | November 15, 2010 | International Trade

The risks of a wave of protectionist sentiment on Capitol Hill just got higher after President Barack Obama struggled to win over wary leaders of export-driven Asian economies.

Obama's message to trade surplus nations during his 10-day swing Read More »

Russia plans to build wind farms in Europe, Turkey

AJOT | November 15, 2010 | International Trade

Russia's state nuclear unit Rosatom is planning to expand into wind power and will look for foreign partners to help build farms in the Balkans, Eastern Europe and Ukraine, its equipment head said.

"We are looking for a technology partner. Th Read More »

China seen grabbing helicopter role, jet orders

AJOT | November 15, 2010 | International Trade

China could be ready to build its own civil helicopter from scratch by the end of the decade, a top Western industry official said, a move likely to strengthen its bid to become a new aviation power.

The prediction by the head of the world's Read More »

Google urges US to challenge China Internet curbs

AJOT | November 15, 2010 | International Trade

Google Inc urged Western nations to challenge a growing list of Internet restrictions in China and around the world as a violation of global trade rules and to negotiate new trade deals to protect the free flow of online information.

"More th Read More »

Alibaba.com buys export services firm

AJOT | November 15, 2010 | International Trade

Alibaba.com Ltd , China's largest e-commerce company, said it has agreed to buy an export services company, its fifth acquisition in 12 months, as it looks to diversify revenue amid slowing subscriber growth. Read More »

Euro zone Sept trade surplus above expectations

AJOT | November 15, 2010 | International Trade

The euro zone had a bigger than expected trade surplus in September, data showed, as export growth outpaced the rise in imports year-on-year.

The European Union's statistics office Eurostat said the 16 countries using the euro had a trade sur Read More »

South Korea upbeat on resolving U.S. trade deal soon

AJOT | November 15, 2010 | International Trade

South Korean officials struck an upbeat note that discussions to iron out U.S. concerns about a free trade deal they signed three years ago would conclude soon despite missing a deadline set by their leaders.

But there was also concern that o Read More »

Germany lifts passenger flight ban from Yemen

AJOT | November 15, 2010 | Air Cargo

Germany has lifted a suspension of passenger flights from Yemen but left in place a ban on air cargo imposed after bombs were found in packages sent from there two weeks ago, the transport ministry said. Read More »

US officials try to address air security worries

AJOT | November 15, 2010 | Air Cargo

The U.S. Department of Homeland Security said it is trying to address concerns of pilots about stepped-up screening at U.S. airports and worries in the travel industry that fliers will limit trips because of more rigorous checks.

Security off Read More »

Cathay Pacific says 2010 profit at least HK$12.5 blllion

AJOT | November 15, 2010 | Air Cargo

Cathay Pacific Airways Ltd , Hong Kong's flagship carrier, said that net profit for 2010 will be HK$12.5 billion ($1.6 billion) or more, as business rebounds following the global downturn.

The company posted a profit of HK$6.84 billion for the first h Read More »

Brown to spearhead Coyne Airways’ sales in the US

AJOT | November 15, 2010 | Air Cargo

Coyne Airways has appointed John Brown as Director of Sales USA.
The appointment will see John lead Coyne Airways' commercial activities in North America, heading up the company's growing sales team in the region. In his new post, John is ba Read More »