China, the biggest supplier of rare earths, may almost double exports this year and meet quotas set by the government as lower prices stimulate demand, according to a report in the Sydney Morning Herald.
Western Union Business Solutions, a business unit of the Western Union Company (NYSE:WU), a leader in global payment services, has found that by settling transactions with Chinese exporters in U.S. dollars (USD) instead of Chinese yuan (CNY) American businesses paid approximately USD$2.4 billion in fees to account for foreign exchange risk.
Prim'land, the leading French producer of kiwis, estimates that their production orchards will grow by more than a fifth within the next four years, underpinned by strong export sales, according to a report by FreshPlaza.com.
The US Grain Council expects sophisticated food demands of newly affluent consumers in China and other developing nations to cause major changes in US farming and food production.
Ford Motor is on track to double the number of dealerships in China by 2015, its country chief said yesterday, according to a report in Gulf News.com. The company recently launched its half-a-billion-dollar plant in a race to narrow the gap with foreign rivals in the world's largest auto market.
Beef and sheepmeat producers are poised to star in a new social media campaign that Meat and Livestock Australia will launch next month, according to Queensland Country Life.
Mediterranean Shipping announced it will increase all freight rates on its eastbound service from Asia to the U.S. and Canada on March 15, according to the Journal of Commerce.
Sixty percent of trading firms in China plan to target emerging markets like India and Vietnam for business in the next five years, according to the Economic Times of India.
China will overtake the US as the world's largest trading nation by 2016, as intra-Asian commerce and rising demand from emerging markets boost shipments, according to a Gulf News report.
China is expected to overtake the United States to become the world's largest diamond-consuming country in 2016, according to Xinhua News, quoting Ari Epstein, chief executive officer of Antwerp World Diamond Center (AWDC).
United Arab Emirate's (UAE) Ministry of Economy, in cooperation with other concerned departments, will start taking off the shelves cans of Coca-Cola and Pepsi that are sold at retail outlets for Dh1.50, according to Gulf News.
A Christchurch testing laboratory has partnered with an American firm to provide hi-tech wine testing services in a bid to snare the Kiwi wine industry, according to Stuff.co.nz.
Fonterra, the largest dairy exporter in the world, is keen to cater to the growing demand in Asia for its range of organic dairy products, according to FoodWorks.co.nz.
They may be rivals on the ground and in the air, but when it comes to knowing a good wine it seems some of the world’s best airlines are in agreement on which wine to serve their passengers, according to Foodworks.co.nz.
Iran has stopped oil exports to British and French companies, months before the European Union's embargo on Iran's oil takes effect, Iran's oil ministry said Sunday, according to Xinhua News.
Australian airline Qantas will also be axing around 500 jobs after a review of its maintenance and catering businesses, early retirement of aircraft and the abandonment of two major international routes.
China's reliance on foreign trade dropped to 50.1 percent in 2011, indicating that the economy is transferring to a more inner-led growth mode, according to a ChinaDaily report.
