U.S. trade deficit hits widest point in 10 months
The deficit rose to $44.5 billion in June, 8.7 percent higher than in May. It was the biggest gap between what America sells abroad and what the country imports since last August.
International Business
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One more ‘big project’ lures Thomas away from International Center
Joerg Schreiber, who is leading the search for a new president and CEO at The International Center, said Diane Thomas’ reputation and connections in Indianapolis will be difficult to replace.
Thomas to step down after 10 years at International Center
President and CEO Diane Thomas said she accepted a 27-month assignment to serve with the Peace Corps in the Ukraine starting in March. The center said it will try to find a successor by December.
Indy to host aerospace conference in 2018
The Aerospace Industries Association plans to host its Supplier Management Council conference in Indianapolis in the spring of 2018, state officials announced Tuesday from a prestigious airshow in England.
Pence asks feds to investigate China steelmakers’ actions
Indiana Gov. Mike Pence is urging the federal government to investigate complaints by U.S. Steel that China is violating international trade laws.
Zika virus fear fuels demand for local DEET manufacturer
Indianapolis-based chemical manufacturer Vertellus Specialties Inc. has expanded its production capacity by 80 percent to keep up with customer demand for DEET, a common active ingredient in mosquito and tick repellents.
Highly skilled manufacturing likely to stay in U.S. but other jobs less safe
Proprietary manufacturing jobs—such as those in the aerospace, automotive and life sciences sectors—are likely to even grow as employers seek talent and quality control. But lower-skilled basic production work is on its way out to international markets like China, India and Mexico, where wages are a fraction as expensive.
Indy Chamber, Chase collaborate on grants for new export efforts
JPMorgan Chase provided $200,000 to fund the chamber’s GoGlobal Export Acceleration Grant program, which will target smaller companies and provide up to $5,000 in matching funds to cover business and marketing costs associated with new export activity.
Factory employing 700 workers to get reprieve
An auto parts factory near Muncie that was slated to close later this year won’t be shutting its doors after all.
Trade deficit unexpectedly widens on drop in U.S. exports
A strong dollar and weaker global growth caused exports to slump to the lowest level in three years, one reason why American manufacturers are struggling.
PETERSON: Indiana, China inextricably linked
China matters very much to Indiana’s economy, and its significance will only grow.
Obama travels narrow road toward trade-pact approval
President Barack Obama needs to hold together a razor-thin majority of pro-trade lawmakers in the U.S. Congress to win approval of his huge Asia-Pacific trade deal.
U.S. trade deficit widens as exports hit 3-year low
Exports have been hurt this year by the rising value of the dollar, which makes U.S. goods less competitive on overseas markets, and weaker economic growth in China and other major export markets.
Pence headed to Japan on an economic development trip
Indiana Gov. Mike Pence plans to attend the Japan-U.S. Midwest Conference, meet with business executives and government leaders and host an economic development reception.
Steelmakers seek protection from hot-rolled imports
U.S. Steel, Nucor are among the companies that say steel imports are sold at unfairly low prices that make it difficult to compete.
Obama trade agenda recovers, thanks to GOP lift
Two weeks after his own party dealt him an embarrassing defeat on trade, President Barack Obama maneuvered his way back to victory.
London mayor discussing $16B biotech fund with Lilly, others
London Mayor Boris Johnson is proposing a $16 billion fund to encourage growth of emerging health-care companies in the United Kingdom in an effort to catch up to biotechnology clusters in the United States.
NBA pipeline from Europe getting bigger, deeper and stronger
A record 101 foreign-born players are on NBA rosters. Three overseas players are potential top 10 picks in the upcoming NBA draft.
Obama, leading Republicans mount rescue effort on trade
President Barack Obama and top Republicans in Congress joined forces Wednesday on a quick, bipartisan rescue attempt for the administration's trade agenda, left for dead in the House last week.
Indiana’s lieutenant governor plans 12-day China trip
The office of Lt. Gov. Sue Ellspermann said she'll lead a delegation of 18 people from Indiana agri-businesses and the state's agriculture and rural affairs agencies.