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Global Trade: US Trade Deficit Widens in August


Plus, the US meat industry is dependent on global trade, and more.

This column highlights the week's most interesting and useful business and financial commentary on global trade from around the Web.

FX Street
USA: Modest Widening in Trade Deficit as Growth Cools
"Imports fell in August, but exports fell faster, resulting in a widening of the US trade deficit. A gradual weakening in global trade will likely keep pace with weaker domestic demand in coming quarters."

Manila Bulletin
: Modest Global Trade Rebound Seen
"WTO Director-General Pascal Lamy said that trade growth is expected to modestly rebound to 4.5% in 2013 with exports of developed and developing economies increasing by 3.3% and 5.7%, respectively and imports increasing by 3.4% and 6.1%."

Crazy Joys
: FedEx Corporation Cost Cut Delivery Plan
"FedEx Corporation (NYSE:FDX) stock gains 5.05%, or $4.32, to $89.90 in Wednesday trading. It is the largest one-day percentage gain in the shares since December....Investors interest are boosting up shares of FedEx Corp. when the world's second-largest package delivery company announced to surge up profits by cutting off jobs, aircraft and underused assets...Within three years FedEx aims to increase profit up to $1.7 billion."

Council on Foreign Relations
Link: Tackling the Real Barriers to US Business Abroad

"The US-China Business Council's just-released survey on the environment for US companies doing business in China is far more striking for what it doesn't say than what it does. Of the top ten problems for business in dealing with China, there is no mention of tariffs, or quotas, or even of China's undervalued currency, which has featured so prominently in the presidential election campaign...."

The Telegraph
Health Insurers Take a New Look at World
"Radical changes in global trade triggered by the growth of emerging economies have caused international medical insurance companies to "slice up" the world in different patterns....Insurers other than Bupa might well have pioneered the move to precision pricing earlier than 2009....Cigna (NYSE:CI) say they are the largest in terms of number of people covered, but people still look to Bupa as market leader."

Christian Science Monitor
Link: Mexico Accuses China of Breaking World Trade Rules

"Mexico has accused China of breaking World Trade Organization rules by giving tax breaks and other favorable deals to its own clothing and textile businesses, the global trade body said on Monday."

Albawaba Business
Online Platform Aims to Slash World Trade Costs
"The Global Coalition for Efficient Logistics – a Swiss-based nonprofit organization whose MENA headquarters reside in Beirut– says its online platform, to be deployed in early 2015, can bring about billions of dollars in savings in trade and logistics."

Eurasia Review
Global Map Of Oil Refining And Trade To Be Redrawn Over Next 5 Years
"Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, the International Energy Agency says in its annual Medium-Term Oil Market Report."

Channel News Asia
Asian Economies Likely to Be Weak in Q4
"Asian economies are likely to see subdued GDP growth through the fourth quarter of this year...The grim forecasts gained further ground after the Singapore economy reported an estimated 1.5% quarter-on-quarter contraction, according to advance third quarter GDP estimates from Singapore's Ministry of Trade and Industry."

Drover Cattle Network
CME: US Meat Industry Dependent on Global Trade
"In 2011, exports of beef, pork, broilers and turkey accounted for about 17% of the overall volume of red meat and poultry production in the United States. The expectation is for exports to be even higher in 2012 and in 2013...."

[Many investors have exposure to the US agriculture industry through Market Vectors Agribusiness ETF (NYSEARCA:MOO).]

twittter: @brokawbrokaw
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