State exports face drop in 2012, after 2011 record
Indiana’s exports are going strong this year but may not be enough to break a record of $32 billion in exports set last year.
International Business
Articles
Indiana city sees many high-skilled immigrants
Companies based in a central Indiana city are hiring a greater percentage of people with visas for high-skilled foreign workers than any place in the U.S. other than California's Silicon Valley, according to a new study.
Abound failure raises questions anew about Obama policies
The failure of a second solar manufacturer that received loan guarantees from the U.S. Energy Department adds to pressure on President Barack Obama to justify incentives for the clean-energy industry that’s being undercut by Chinese competition.
Lt. Gov. Skillman leads trade mission to China
Indiana Lt. Governor Becky Skillman has embarked on her second trade mission to China in hopes of boosting the market for Indiana-made goods.
U.S. losing drug-research jobs to other countries
Eli Lilly and other big pharmaceutical companies are creating thousands of research jobs overseas as countries led by Singapore, Ireland and South Africa boost incentives.
Promised tariff cuts could spur Indiana exports to China
Indiana logistics firms and their manufacturing clients could gain new export opportunities to China if the country follows through on plans to reduce taxes on imported goods.
Lilly to focus on cancer, diabetes in China, CEO says
Indianapolis-based Eli Lilly and Co. will introduce “over a dozen” new products in China in the next five years, focusing on “unmet needs” such as cancer and diabetes, CEO John Lechleiter said this week.
Lilly plans 200 jobs at new $440M Ireland plant
Eli Lilly and Co. plans to invest about $440 million in a new pharmaceutical plant at an existing company site in County Cork in southern Ireland. The facility in Kinsale will require as many as 200 skilled employees when fully operational.
Local manufacturer tapped for trade mission to Russia
Hoosier Gasket Corp. hopes to land more business in Russia, where a growing middle class and new financing options are fueling the automotive market.
Indiana deals ranged upward of $800 million
Mergers and acquisitions in 2011 ranged from WellPoint’s acquisition of CareMore to a trucking company merger.
Software executive teaching intercontinental collaboration
Weary of having to teach new hires how to work on teams with people halfway around the globe,
ocal software development firm CEO Chris Riester has begun teaching a college class that gives students international experience at home.
Is China headed for ‘soft-landing slowdown’
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
Overseas rules change could pave way for Simon deals
New rules proposed for real estate investment trusts in the United Kingdom could help Indianapolis-based Simon Property Group Inc. as it seeks to expand its shopping mall dominance outside the United States.
Lugar: Obama failing on Brazil trade, cedes clout to China
The top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from U.S. companies in Latin America’s biggest economy.
Portugal’s economic crisis deepens as big strike hits
Portugal’s efforts to climb out of its economic crisis suffered a double setback Thursday as its credit rating was downgraded to junk status and a major strike gave voice to broad public outrage over austerity measures that have squeezed living standards.
Lilly committed to China despite IP woes
Indianapolis-based Eli Lilly and Co. is one of several Western pharmaceutical firms that see China as a linchpin of growth in coming years, due to patent expirations and a slowdown in government reimbursements for prescription medicines in the U.S. and European markets.
Allison cuts ribbon on assembly plant in Hungary
The 150-employee operation will ship products to international customers.
Startup dangles visas in return for funding, jobs
A new enterprise in the Muncie area hopes to capitalize on wealthy foreigners’ thirst for U.S. residency.
Taiwanese reps sign deals to buy corn, soybeans
Two Taiwanese trade groups have agreed to buy as much as $5 billion worth of corn and soybeans from Indiana and other states in 2012 and 2013.
Typhoon delays Indiana trade mission to Japan
A trade mission by Indiana government and business leaders to Japan is being delayed because of a typhoon expected to hit the island nation.