In the News

In the News
FedEx offers global market info to customers
Tuesday, 29 November 2011
Fedex, a subsidiary of FedEx Corp. and the world's largest express delivery company, has launched an interactive campaign that puts insight and intelligence on global trends at the fingertips of businesses of all sizes and in all geographies.
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Wuhan to spend US$8.3 bln on port over 5 yrslopment
Tuesday, 29 November 2011
Central China river city Wuhan recently worked out a plan which involves spending 53 billion yuan (US$8.33 billion) on port development in the 12th National Five-year Plan.
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Argentina said to flood export market with cheap wheat
Tuesday, 29 November 2011
Argentina is poised to release onto world markets a fresh batch of wheat exports whose low prices are creating nerves even in the Black Sea, often seen as the most competitive origin for exports of the grain, according to AgriMoney.com.
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Malaysia's MISC to exit its container shipping business
Sunday, 27 November 2011
Petroliam Nasional Bhd-controlled shipping liner MISC Bhd is discontinuing its container shipping business that has lost US$789 million (RM2.52 billion) the past three years to better focus on serving clients in the energy sector, according to the Edge financial daily. Meanwhile struggling Chilean container line CSAV is also looking for a buyer for its container business.
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Global container ship operators cut shipping capacity
Sunday, 27 November 2011
Global container ship operators, hammered by high costs, oversupply and flagging demand, are cutting shipping capacity to shore up freight rates depressed by a sluggish global economy, according to a Reuters article.
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China retaliates by investigating US subsidies for renewal energy products
Sunday, 27 November 2011
Chinese officials have made good on their threat to launch a trade investigation of their own into US subsidies for renewable energy products, according to a Nasdaq community website post citing AFP.
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World's largest exporter of avocados is...?
Thursday, 24 November 2011
Mexico maintains its leadership as the world’s largest exporter of avocados with exports growing over 25% in the last decade to US$672 million in 2010 from $73 million in 2000, according to Mexican Business Web.
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NZ student wows with bamboo bike design
Thursday, 24 November 2011
Melding cultural relevance and sustainable design has won an AUT Master of Philosophy student a spot in the the top 20 of the International Bicycle Design Competition, according to Design Daily.
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World Bank finds Singapore, Hong Kong, New Zealand top business spots
Tuesday, 22 November 2011
Hong Kong, offering one of the best business environments globally, ranked the second in a World Bank business ranking, according to a Xinhua News report.
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China's economy to grow 9.1% in 2011, 8.4% in 2012 -- World Bank
Tuesday, 22 November 2011
The World Bank has projected a growth of 9.1% for China in 2011, followed by a slower growth of 8.4% in 2012, according to Xinhua News.
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Aussie online grocers benefit from Coles, Woolworth's private label move
Tuesday, 22 November 2011
Australian online grocery retailers have been happy beneficiaries of Coles and Woolworth’s shift to private label brands, saying there is no shortage of manufacturers willing to sell their brands through the websites, according to the Sydney Morning Herald.
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Russia to sharply reduce import duties on apples, pears
Tuesday, 22 November 2011
Russia, a major importer of apples, will slash import duties on this fruit by nearly half after joining the World Trade Organistion, and then further half the duty by 2017, according to FruitInform’s website, citing Interfax.
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Zespri fined by Korea for anti-competitive behaviour
Sunday, 20 November 2011
Kiwifruit marketer Zespri has been busted for trying to block sales of cheaper rival Chilean kiwifruit in South Korean supermarkets and has been fined nearly $500,000, according to the Dominion Post.
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Imported strawberry growing kits pose biosecurity risk
Sunday, 20 November 2011
The Ministry of Agriculture and Forestry (MAF) is seeking public help for a product recall of a strawberry seed growing kit.
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Delivery of ultra large container ships to dampen trans-Pacific-Asia rates
Sunday, 20 November 2011
The trans-Pacific and Asia-Middle East trade lanes are most likely to bear the brunt of rate plummeting, as deliveries of ultra-large container ships deliveries peak in 2012 and 2013, according to the Journal of Commerce.
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Chinese yuan may face depreciation in 2 yrs?
Sunday, 20 November 2011
Although the yuan is currently facing appreciation pressure, it's possible that the currency will face depreciation pressure within two years, when China's trade surplus falls to zero, according to ChinaDaily.
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NZ dlr's volatility cost exporters $6.6 bln in last 2.5 years
Thursday, 17 November 2011
Volatility in the New Zealand dollar has cost exporters an estimated NZ$6.6 billion during the past two and a-half years, according to a report in the Otago Daily Times citing the New Zealand Manufacturers and Exporters Association (NZMEA).
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Aussie union chief likens China to predator wrecking local industries
Thursday, 17 November 2011
The national secretary of the Australian Workers' Union, Paul Howes, has likened China to a predator intent on wrecking Australian manufacturing and says it is time the emerging giant played by the rules of international trade, according to the Sydney Morning Herald.
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Strong growth forecast for China's fruit and veggie juice market
Thursday, 17 November 2011
The fruit and vegetable juice market in China was up until year 2000 an undeveloped one but in the past decade, the industry has experienced strong growth with the trend expecting to continue, according to Western Farm Press.com.
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Zespri all set to take on new European fruit season
Thursday, 17 November 2011
New Zealand’s Zespri Gold kiwifruit is all set to take on the European market as the season begins with targets of more shops and high quality point of sales material, Zespri’s Jean Louis Warnimont wrote in FreshPlaza.com.
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