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World Trade News

During the past week, the world has Aside from Honda, other companies that
witnessed a series of events that have joined the market for hybrid cars
influenced the various sectors of the are Ford and Toyota.Based on its recent
growing global economy. On one hand, report, Ford Motor Co. has dropped down
some events promised more developments in its sales by 4% last month. Another
and expansion not only in the company that has followed the same trend
international trade but also in specific is General Motors. According to GM, its
countries. On the other hand, some sales also decreased by 2.5%. Meanwhile,
occurrences may negatively impact or the total sales of both Toyota and
alter certain aspects of world trade DaimlerChrysler continued to improve this
including the economy of the country year. Particularly, the Chrysler Group
specifically involved.Oil Price Rolls jumped in its sales by 3% of around
Back in the World marketThe entire week 190,367 cars. Some of the most popular
is full of good news for oil importers automobiles sold by the company are:
worldwide. Since Monday, the oil price Dodge automobiles, Chrysler, and Jeep.
decreased by $2 per barrel in the world Chrysler's Mercedes-Benz also improved by
market. Prior to that, the value of oil 28%. Toyota reported that its sales
kept on increasing due to the disruption within the U.S alone rose by 2.4% to
of supply in Iraq as well as in Nigeria. around 166,940 cars last
According to the report by Mohamed El February.Although Ford's sales on Jaguar
Baradei, director of International Atomic have decreased last year, the auto maker
Energy Agency, Iraq has been planning to declared that it has no plans of selling
empower its production of nuclear fuel. Jaguar. Ford bought the famous car brand
The news has caused tension and raised back in 1989 for around 1.6B pounds.
concerns regarding nuclear weapons. This year, the car company is positive
Discussion about the issue is currently that Jaguar sales is going to recover and
ongoing. The IAEA will talk about the improve. Ford is also set to release a
subject on its scheduled meeting on March new car model that would be hitting
6. After which, the report will be Europe soon. This is part of its
handed to the U.N security for final strategy to keep up with the strong
assessment.The almost $2 decrease of oil competition against other auto giants
price in the world market was caused by a especially those that come from Asia.As
failed terrorist attack that took place part of its move to recover from its
at the largest oil plant in Saudi. The losses, General Motors officially tasked
situation though was immediately Jerry York as its newest member of the
controlled by the Saudi forces that were board. York is noted for its remarkable
roused to full alert because of the achievements at Chrysler and IBM.
tension. The oil supply though was not Although GM has been receiving negative
disrupted within the country despite the feedbacks lately, York is positive that
attack. The value of light crude oil the company is going to recover. During
decreased by $1.91 while the price of his January speech, he proposed five
brent crude oil lowered to $1.61.The things to the GM management: first, to
opposite situation, however, is taking make the expectation of revenue and cost
place in Nigeria. Just recently, the oil more realistic; second, reduction of
price rose up to more than $2 per barrel. product offerings; third, review the
The sudden increase was influenced by whole company with an unbiased
the news of the Saudi terrorist attack. perspective; fourth, focus on core
Moreover, another reason was oil supply businesses; fifth, set a clear vision for
within the Nigerian region was cut by the company.Several Computer Companies
13,000 barrels per day due to the Seek for ExpansionIn terms of technology,
discovery of a leak. The series of Intel Corp. recently got the official
militant threats and attacks within the permission from Vietnam in order to
region also prompted the increase of the construct a microchip plant within its
oil price.According to energy analysts, territory. Earlier, the leading
the improvement of the oil price in the microchip company, proposed the $605M
world market would have been even better. project, which will be built at Ho Chi
However, there are several factors (like Minh city. Vietnam would surely benefit
the focus of the oil market on short-term from the budget since the project is
inventory data) that prevent more expected to attract more foreign
positive results. Currently, the oil investors in the country.Meanwhile,
price still remains close to $61 per Lenovo computer company has announced its
barrel as a result of Algeria's plea to plans to release computers that bear the
OPEC for market stability.Meanwhile, company's name. Lenovo computers
Shell, which is the third leading oil formerly carried the logo of IBM. The
company, has gained a total of $23 B company stated that the move is part of
profit last year. This should be an its plans to establish itself in the
enough reason to celebrate, but the huge worldwide market of computer
oil company is currently facing the need technology.Just recently, Apple computers
to improve and expand its oil resources. invited several analysts and new
Otherwise, it will run out off supply in reporters to its Cupertino base in order
the future. According to reports, Shell to check out its so-called "new and fun
was only able to replace between 60% - products." So what's up with the big
70% of the gas it used for production bang? Rumor has it that Apple is
last year. In 2004, the percentage was intending to expand its technological
even lower with only 19% or products into Hollywood. Apparently, its
replacement.Shell, however, is making use iTunes has been contributing to the
of its large assets in order to meet the promotion of many TV programs. Again,
stiff market competition. Its oil there's a possibility that the latest
reserve projects located in Nigeria, rumors could again turn out to be wrong.
Sakhalin Island, and Gulf of Mexico are Yet then invitation given by Apple is
currently underway. The success of these surely a good sign that the company is up
projects would definitely empower the of a big bang of a surprise for
company's future possibilities.Regions in everyone.As part of China's vision to
the U.S particularly East Coast and improve its local technological
Nigeria are also facing issues with industries, Vice Premier Wu Yi vowed last
regard to their oil supply. This problem Thursday to strengthen the fight against
may eventually result to changes in the illegal copying of softwares, music, and
price of fuel. This situation is videos. Piracy has been a growing
primarily caused by the shift in the problem in the country for years.
chemical used in the fuel refining Despite several attempts to combat it,
process. Formerly, MTBE (methyl tertiary the problem continues to spread. In
butyl ether) was used during the process. fact, piracy in China has roused
The use of MTBE, nevertheless, led to international complaints including the
problems and protests regarding water report made by Washington. Now, the Vice
pollution and the contamination of water Premier pledged to strengthen the battle
supply. As an alternative, fuel against piracy not only as a response to
companies in the U.S particularly in the these foreign complaints, but also as
East Coast and Texas are utilizing part of China's goal to improve its local
ethanol. The problem though is that technology.More Developments in Various
ethanol is not abundantly produced within Sectors to Boost Global TradeJust
the country. Moreover, the fuel refining recently, Morgan Stanley decided to
needs are greater than the amount of invest around $68 M to Mantri Developers
reserve available. As a solution, the Private Ltd. which is a property
U.S government is currently importing development company based in Bangalore,
ethanol from Brazil while it continues to India. The decision is part of Morgan
construct more ethanol plants within the Stanley's plan of venturing into the
country.The campaign for energy global stream of real estate. At the
independence in the U.S is also receiving same time the investment, would also help
negative feedbacks. Critics such as Tom Mantri in its plans for national
Friedman of The New York Times commented expansion. Real estate is currently
that the government should focus on other booming in India due to the increasing
more relevant issues aside from it. The demands for housing projects and office
claim that while energy independence may buildings. This economic rise is also
be motivated by noble purposes, it might attracting many foreign investors now.In
not be the wisest move now. The terms of health, Roche finally got the
government should look for other more approval from the U.S drug regulatory
practical alternatives. Besides, the big board to release Rituxan as the newest
budget energy independence demands could drug to treat rheumatoid arthritis. The
be allotted to the other sectors of the approval of the new medicine does not
economy and government.The Various Auto only promise more profit on the part of
Companies Continue to Grow and Expand in Roche, but it gives likewise hope for the
the World market.The discussion regarding patients who have not responded to other
oils issues leads us to another important standard treatments of rheumatoid
area, which is the car industry. arthritis.U.S faces Several Economic
Generally, auto companies reported ConcernsBased on the latest report, the
notable developments and expansions trade gap between exports and imports in
during this week. Last Wednesday, the U.S has increased during the past
Nanjing Automobile acquired the MG Rover year from 18% - 75% of a trillion dollar.
plant at Longbridge, England for a 33 This is due to the fact that American
year lease from St. Modwen Properties consumers have continued to demand for
Plc. The leading Chinese auto maker is more imported products such as oil,
said to have paid 1.8 M pounds for the vehicles, and other goods. According to
105 acre factory. Nanjing surprised the analysts, only a 57% increase in exports
global car industry last July 2005 when can bridge the gap. It must be noted the
it bought MG rover for around 53 M pounds U.S. is a leading exporter in certain
thus outbidding its fellow Chinese goods such as aircrafts. Although the
competitor, Shanghai Automotive Corp. sales of durable goods decreased during
The big move is part of the company's the past year, producing companies such
vision to become one of the leading car as Boeing hope to improve in their sales
brands in the world.Honda Motors Co. is in the succeeding years.Meanwhile, the
also getting more attention form the huge damage left by hurricane Katrina has
international auto market after it also caused the insurance companies in
disclosed its plans to produce a hybrid the U.S to adjust their premiums. The
yet low priced version of its Fit adjustment is deemed necessary in order
subcompact. The car maker intends to to cover the potential loss that would be
release the hybrid design next year. caused by future catastrophes.There's
Honda representatives, nevertheless, also good news regarding IT job
clarified that the hybrid technology will opportunities based in the U.. Although
be distributed only at a lower scale. many American companies are resorting
This is due to the design's very into offshore services now, IT employment
expensive production cost. However, opportunities continue to grow in the U.S
Honda is also developing smaller battery This is due to the fact that there are
and motors that would help reduce the still certain IT tasks that needs to be
hybrid cost in the future. This venture based within its territory.By Vasily
is part of Honda's goal to beat the Klimko - leading importers exporters
problem of high-gasoline consumption directory.
through specially designed automobiles.




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