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Trade

Cancelation of Mistral ship deal with Russia could cost France up to €5bn - report
Two Mistral helicopter carriers could end up costing France as much as €5 billion if it fails to deliver them to Russia, according to a French magazine. Paris and Moscow are also now locked in a dispute about how much compensation should be paid.

14.05.2015 12:20

Saudi Arabia claims success in tussle for oil market share
Saudi Arabia claims its oil price policy of taking investment away from US shale producers and other foreign competitors is succeeding. The OPEC kingpin continues pumping near record volumes to win market share in the global oil ‘battle’.

14.05.2015 07:35

Honda recalls further 4.9mn vehicles with Takata airbags as safety crisis grows
Honda has announced it would recall an additional 4.9 million cars worldwide with airbags made by Takata due to a potential safety hazard. The airbags are in all Honda vehicles and have led to at least six deaths in accidents in the US and Malaysia.

14.05.2015 10:18

IEA: Battle for global oil market share just started
Global oil supply remained flat in the first quarter of 2015, as slowing shale output in the US was offset by OPEC and increased supply from "unsuspected corners," such as Vietnam, Malaysia and China, according to the International Energy Agency (IEA).

13.05.2015 07:23

Senate votes against fast-tracking TPP
Lawmakers in the United States Senate have thrown a wrench in a plan that would have given President Barack Obama “fast track” authority to advance a 12-nation trade deal between the US and Pacific Ring partners.

12.05.2015 19:00

China allocates $96mn for Sino-Russian Amur Rail Bridge
The Heilongjiang branch of the Export-Import Bank of China has allocated over $96.5 million to construct the Chinese section of the Sino-Russian railway bridge. The first railway bridge over the Amur River should cut transportation times and boost trade.

12.05.2015 11:26

​Carlsberg net loss deepens 34%, hit by Russian beer market
Danish brewer Carlsberg reported an unexpected net loss of more than $13 million in the first quarter, saying the revenue from its key Russian market fell drastically due to unfavorable currency fluctuations.

12.05.2015 14:29

Ruble-yuan settlements booming, set to reshape global finance
Settlements in local currencies between Russia and China now account for 7 percent of the bilateral trade, but the potential for growth is tremendous, experts tell RT. Yuan-ruble trade in Russia has grown 700 percent in a year.

29.04.2015 17:20

​TPP trade deal ‘a disaster,’ other countries will ‘dupe’ US – Donald Trump
US real estate mogul and billionaire Donald Trump slammed the Obama administration over its Trans-Pacific Partnership (TPP) trade deal, labeling it as disastrous and warning that it will encourage US companies to slash domestic jobs.

11.05.2015 04:53

Obama touts TPP trade deal amid Nike support
President Barack Obama has pitched a controversial trade agreement it was negotiated between the United States and 11 others at the headquarters of Nike. The footwear giant says it expects to add 10,000 domestic jobs if the deal is approved.

08.05.2015 20:34

Denmark ponders allowing shops go cash-free
The Danish government has proposed exempting certain shops from the obligation to accept cash payments in a move seen as pushing the country a step closer to a “cash-free” economy.

06.05.2015 13:58

Western anti-Russia sanctions could cost Japanese business $10bn
The cost to Japanese business of sanctions imposed against Russia by Western countries could be $10 billion according to the Russian Trade Mission in Japan. Trade between Moscow and Tokyo was almost $30.4 billion in 2014.

06.05.2015 09:05