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.
International Business
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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.
Obama’s fast-track trade bill scuttled by House Democrats
Democrats handed President Barack Obama an embarrassing defeat on his trade agenda, blocking final passage of fast-track negotiating authority just hours after he made a rare visit to Capitol Hill to seek their support.
U.S. steelmakers file trade case over imports from China
Steelmakers including Indiana-based Steel Dynamics Inc. filed a trade complaint alleging that imports of corrosion-resistant metal from China and four other countries are being sold in the U.S. at unfairly low prices.
Pence planning May trade mission to China
Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.
Strong dollar divides economy into winners, losers
Hoosier businesses and consumers face a dynamic not seen in a generation—a dollar significantly more muscular than many competing currencies. Experts predict the dollar’s clout and the pros and cons of that power will endure for a year and possibly as long as three.
How to beat the export blues? By playing up old strategies
An Indianapolis exporter that stood to take a hit from the strong dollar is faring well, thanks to a strategy honed in two prior cycles when the currency stood tall.
Indiana ports set records in 2014
Ports operated by the state set shipping records last year, according to Ports of Indiana, the quasi-government body that operates ports at Burns Harbor on Lake Michigan, and at Jeffersonville and Mount Vernon on the Ohio River.
Indy maps out export plan
The Indianapolis area could see exports rise if a plan released Feb. 21 succeeds.
Indiana, U.S., shut out of new auto assembly plants
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.
Sources: U.S., Cuba seek to normalize diplomatic relations
The United States and Cuba will start talks on normalizing full diplomatic relations, marking the most significant shift in U.S. policy toward the communist island in decades, American officials said Wednesday.
Hoosier medical device companies look off shore
Slowing domestic growth pushes executives to brighter markets.
State exports show first decline in three years
Indiana exports slipped slightly last year, marking the first decrease in three years and only the second decline this century, according to a report released Tuesday.
Caterpillar chief: Indiana growing more competitive
CEO Doug Oberhelman said Tuesday that government overhauls and an aggressive economic development policy have made the state among the most attractive for investment.