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World Trade News Summary

During this week several significant positive outlook regarding its business.
events transpired particularly in the Earlier this year, the automaker released
industrial world. These changes have its latest goods and empowered its
influenced directly or indirectly not competitiveness in certain areas. The
only the growing global trade, but company is expecting its sales to
likewise the developing economy of increase in 2007 and 2008.Meanwhile,
countries worldwide. On one hand, some General Motors stated last Monday that it
events have positively contributed to the would sell back 17.4% of its share to
various sectors of international or local Suzuki Motor Corp. This decision was made
economy and they serve as harbingers of by the large U.S car industry to boost
more future developments. On the other its balance and improve its shared in the
hand, there were also events that have market. Moreover, GM has also been
negatively impacted and in fact continue planning to sell a significant percentage
to threaten the various sectors of both of its shares from General Motors
international and local trade and Acceptance Corp, its financial
economy.Oil Price Continues to Improve in department. Among the rumored bidders is
the Global MarketThis week has been full the Norinchukin Bank. Currently,
of good news for oil traders. Last Norinchukin is one of the leading
Monday, oil rate plummeted by $2. As financial companies in Japan. Other
such, U.S crude oil dipped down to $1.6 companies that expressed their desire to
thus settling to a rate of $62.41 per bid were Citigroup and Cerberus Capital
barrel at the Merchantile Exchange (New Management. Citigroup is, currently, the
York). The decrease also calmed down a biggest bank in the United States.Global
4-day protest prompted by the oil price, Trade Witness Some of the Most Important
which previously raised up to $63.92 per TrialsFinally, the four former
barrel. Meanwhile, the rate of oil in administrators of Ahold faced the court
Nigeria continued to increase. This was on charges of fraud. Ahold was
due to the recent discovery of an oil considered as the biggest supermarket and
pipe leak and the militant protests, retailer in the world. Moreover, it
which forced Nigeria to cut a large served as an icon of success and
percentage of its oil production and stability in the business world. Yet
supply. Although the situation of Nigeria this reputation was tainted when its
affected the international oil trade, it former directors admitted to have
did not keep the rate of oil from falsified documents thus misleading
improving. The significant decrease has several investors including the company's
been attributed to current negotiations own accountants.Microsoft Corporation
with Iran regarding its plans for nuclear also sought last Friday the aid of the
production.Last Tuesday, the oil rate U.S federal courts in order to pressure
slipped further by 2% ($1.26). Hence, U.S IBM, Novell Inc., Oracle Corp., and Sun
crude oil settled to a price of $61.58 Microsystems Inc. in order to hand
per barrel. Meanwhile in London, brent certain documents necessary in its
crude decreased by 1.32 cents and dispute against the European Commission.
remained at $61.02. The same trend was In 2004, EC fined the giant company after
followed by the rest of the oil market discovering that Microsoft used its
worldwide. Oil value further improved due position to damage the other developers
to Nigeria's statement to restore a large of softwares, which are vital for
part of its production and supply and to printers, pass log-ins, and file access.
OPEC's decision to maintain out near the The company, which did not yet fulfill
maximum level. Nigeria would increase its sanctions according to the EC, asked
its output by 75% in the coming weeks. the case to be tried in Luxembourg. It
The OPEC officials, too, said that they was found out though that the other
would keep oil production and supply evidences asked by Microsoft pertained to
close to the limit in order to avoid gaps the internal archives of the EC subject
and prevent the oil price from to its own rules and norms.Netac
increasing.After the Energy Information Technology, based in mainland China, also
Administration (EIA) released its report made historical headlines last month
that crude oil inventories rose beyond after charging U.S company PNY
the expected rates during the past 7 Technologies for infringement. Although
years, the oil rate slipped further last the news came as a surprise for many
Wednesday by 2.5%. Based on the report, Americans, some analysts consider it as a
the inventories rose as high as 6.8M harbinger of future possibilities in the
barrels during the past week. The technological industry. Many U.S and
results exceeded the expected rate of other foreign companies were also
1.6M barrels. Analysts added that the expecting that China would finally
decision of OPEC to maintain the oil intensify its fight against piracy after
output close to the limit also experiencing the need to protect its own
contributed to this improvement. Another products and trademarks. Recently, China
factor considered was Iran's statement to has received foreign complaints
maintain an adequate oil production and particularly a warning from the
supply amidst the negotiations regarding Washington regarding the widespread
its nuclear plans.Several Partnerships piracy in the Asian country.U.S.
Yield More Improvements in the World Encounter Recommendations and Feedbacks
TradeAT&T Inc. disclosed last Sunday its in Trade and InvestmentRecently,
decision to acquire BellSouth Corp. for trademark experts strongly emphasized the
around $67B. This move was part of AT&T's responsibility of American Business to
plan for further expansion especially in register their names immediately in
the southeastern region of the U.S. The China. This was necessary in order to
agreement between the two companies would avoid falling as preys of brand
then bring Cingular Wireless, the leading squatters. Stephen Baker, who works at
wireless phone company in the U.S, under Baker & Rannells as a trademark lawyer,
the sole ownership of AT&T. The deal stated the increase of brand squatting
would be completed within the span of one cases. Alarmingly, some of these brand
year. Although the transaction would squatters even successfully obtained a
need the approval of the anti-trust huge amount of cash from individuals or
administrators including the Federal big time companies that sought to
Communications Commission, analysts maintain and fully own their web domain
commented that the process would probably name. He commented that regardless
not encounter any opposition.Upon the whether U.S firms have future plans to
release of the news regarding AT&T's expand in China, enlisting their
acquisition of BellSouth, the stocks at trademark was necessary.The interference
the European telecom market significantly of the U.S Republic Senators against the
improved. The European division of DJ Dubai Ports World also roused concerns
Stoxx telecoms rose by 2.2% thus ensuring that it would affect an $8B investment of
more stability for 2006. BT earned as UAE into the U.S regarding an
high as 4.3% up to a 7-month pence. Both early-warning system. Although the deal
the French and the Dutch telecom improved was already approved previously, the
by 2%. Vodafone increased as high as protest from the senators pushed the
4.7% to a close 2 month 127.20 British government to make another review period.
pounds. The news of the acquisition But businessmen and analysts
excited several international telecom particularly the American Business Group
companies thus leaving positive results of Abu Dhabi (ABG) based in UAE stated
in this particular sector of that stopping the agreement could affect
trade.Meanwhile in the gas industry, the decision of Arabs in investing their
Linde AG, a leading supplier of medical money into the country. As such, the
and industrial gases and producer of organization would be sending its
warehouse machinery, agreed to pay 8.2B representatives to talk with some 120
pounds ($14.$B) in order to acquire its Republican Senators.China Faces Several
rival, the British BOC Group. According Issues Significant to its Economy and
to analysts, a counter-bid to buy BOC was Position in the World TradeAccording to
least expected due to the pressure in the reports, several trading partners of
entire gas trade and the competitive China might raise their complaints
amount proposed by Linde. The acquisition against the country at the World Trade
further boosted the assets and profits of Organization. The move would be part of
the German company and placed it to the the traders' objective of pushing Beijing
top place along with French Air Liquide in order to effectively implement the
as a leading gas industry international rules of trade. According
worldwide.Amidst the planned agreement of to a U.S senior official, several trading
partnership with Arcelor, the Mittal partners of China may raise their
family was rumored to lower its voting complaints against the country at the
rights from 10-2 down to 2-1. This step World Trade Organization. The move would
would enable the Mittal clan to earn the be part of the traders' objective of
support of many large investors and to pushing Beijing in order to effectively
still maintain a large percentage of implement the international rules of
voting stake. The leading steel company trade. James Mendenhall, the general
though denied those reports and stated adviser for the office of the United
that it would not precede the possible Sates Trade Representative commented that
result of its negotiations with Arcelor, the efforts of China to fight piracy was
which is based in Luxembourg. The not yet enough since the problem has
partnership though encountered several continued to spread and affect other
disapprovals thus causing the stocks of foreign industries.Meanwhile, John Snow,
both companies to decrease.A month ago, the Treasury Secretary, also said that
Whirlpool Corp. also disclosed its China needed to initiate more changes in
negotiations in order to buy Maytag Corp. its currency. He added that the need for
Although both companies have not yet more flexibility in its currency was
arrived at a decision, the proposed necessary since its role in the
agreement has been opposed by the international trade was expanding due to
anti-trust division of the Justice its growing economy. Snow commented that
Department. Recently, the sector has promoting equal trade in the
begun focusing its attention to the international market was a common
laundry appliance industry. Lawyers from responsibility of all nations
the anti-trust department have initiated involved.Cuban Tobacco and Spirits
the process by gathering the testimonies Industry to Expand in RussiaExporters of
of various rival companies regarding the Cuba rum and cigarette announced their
possible impact of the merging to the plan to establish a Floridita bar in
entire appliance market. The deal would Moscow, Russia. The chain of restaurants
amount to $1.7B thus giving birth to the has earned its fame through the years by
largest appliance manufacturer in the accommodating many Hollywood celebrities
global market. Due to the opposition, the and other personalities especially in
shares of both companies decreased.Nike 1940's and 1950's. The said bar would be
Inc. which is the number one athletic a blend of a fine restaurant, a cigarette
shoe producer worldwide, was rumored to shop, and great Cuban music. The opening
buy Puma. The company denied the reports of the bar was hoped to improve the trade
though and further supported its of Cuban tobacco and spirits in
statement by saying that it expects more Russia.New Vaccine May Prevent Ear
developments and expansion in its own Infection among ChildrenGlaxoSmithKline
products particularly with goods related Plc has recently discovered a powerful
to soccer sports. Nike, which would be vaccine that could aid in the prevention
sponsoring the 2006 World Cup in Germany, of acute otitis media. The ear infection
said that it would launch a wider is among the common health problems that
advertising campaign compared to its arise during the childhood phase and has
efforts during the World Cup in Asia in led to the loss of the hearing capacity
2002.Automobile Companies Seek Ways to of many kids worldwide. Yet, the new
Stabilize and Improve Their treatment developed by the pharmaceutical
MarketAlthough a decline is expected in company brings plenty of promises to many
the car industry next year, automakers children who are at risk of ear
are moving to stabilize and improve their infection. The medicine called Streptorix
sales and profits. Particularly, is still subject to the approval of both
DaimlerChrysler, the 5th largest car the European and the U.S regulatory
industry worldwide, expressed its board.




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