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Trade News

Trade Extensions Continues to Grow

Sourcing specialists Trade Extensions grew its business during 2011 as it won significant new customers and increased sales from software licences.

World Trade Center cost rises to $14.8B

The agency that is building the new World Trade Center is "dysfunctional" and has let costs get out of control on the $14.8 billion project, auditors said Tuesday.

French Trade Gap Hit Record $91B in 2011

France?s trade deficit widened to a record in 2011, underlining a drop in competitiveness that President Nicolas Sarkozy wants to counter with a cut in corporate payroll taxes.

NBA Trade Rumors and News Roundup

With only five weeks until the NBA trade deadline, the Los Angeles Lakers, Los Angeles Clippers, and New Jersey Nets are all generating significant trade buzz. Presently, it seems that the Lakers and Nets are one and two in the race for Dwight Howard, although there are...

Is the U.S. Trade Representative a Closet Free Trader?

Not to get him in trouble with his boss, but U.S. Trade Representative Ron Kirk has been sounding like a free trader lately. I?m beginning to think Ambassador Kirk consumes the analyses we produce over here at the Cato Institute?s Herbert A. Stiefel Center for Trade Policy Studies. Well, let me rephrase: That he consumes the meat of our analyses, but still hides the vegetables under the picked ...

New sanctions on Iran constrict trade flows to Asia

BEIJING (Reuters) - Trade between Asia and Iran is likely to slow as new U.S. sanctions make payments more difficult, traders said Tuesday, although the more determined can still find a route through Middle Eastern intermediaries. Sunday, U.S. President Barack Obama authorized new measures which extend sanctions to all Iranian financial institutions and require financial institutions doing ...

Barriers blunt trade within Africa: World Bank

WASHINGTON (Reuters) - South African grocer Shoprite spends $20,000 a week in import permits to truck meat, milk and other goods to its stores in neighboring Zambia. One of its trucks may need as many as 1,600 documents to cross a border in southern Africa. Another major South African retailer Woolworths pays full tariffs to transport food and clothing to its franchise stores within the Southern ...

France posts record trade deficit of 69.59 bn euros

France suffered a record trade deficit of 69.59 billion euros ($91.4 billion) last year, up 33 percent from the 2010 deficit of 51.52 billion euros, the customs service reported on Tuesday.

Africa losing out on billions in trade: World Bank

Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent, the World Bank said Tuesday.

World Trade Center cost rises by $4B over 4 years

The agency building the new World Trade Center has let costs get out of control, with the estimated price tag soaring nearly $4 billion over the last four years, auditors said Tuesday.

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