Ebola outbreak will affect International Trade in West Africa

The NEPC Helsman added that the outbreak of the Ebola virus in four countries in West Africa would hamper free flow of goods and services between affected countries and the other international countries in order to stop the spread of the virus from affected countries to other parts of the world.

He added that the NEPC, with the support of the Federal Government is making policies that will make things easy for Nigeria manufacturers to export goods to other countries.

Awolowo also said the government, had over the years, given negotiable export waiver certificate in sum of $254 million to manufacturers of exports goods, as every manufacturer in the country that exports $10 million worth of goods is given back $3 million in export waivers.

He said his council was working with Central Bank of Nigeria (CBN) to raise export development fund to help Nigeria’s small and medium manufacturing companies in the areas goods packaging and branding meet international standards and to be able to compete with other brands in other countries.

Why allowing crude oil exports has impacted U.S. economic growth

By Khyathi Dalal

U.S. to allow oil export

The U.S. Department of Commerce has decided to allow the first exports of U.S. crude oil since Congress imposed a ban on such sales, except to Canada since the 1970s. Ultra-light oil, often referred to as “condensate” by the energy industry, will be cleared to be exported abroad, according to a private ruling by the federal government. This move would help the U.S. economy resume oil sales abroad. It would allow the economy to reap the full benefits of the shale revolution that has propelled the U.S. back into the top ranks of global oil and gas production.

U.S. oil exports

The Department of Energy total U.S. crude oil exports data reflected that for the third week ending June 20, exports touched its 52 week high of 273—1,000 barrels per day—a significant surge from 74 in the previous week.

It’s important to note how the beginning of the U.S. crude oil exports might affect the Guggenheim Shipping ETF (SEA) and crude tanker owners such as Tsakos Energy Navigation Ltd. (TNP), Teekay Tanker Ltd. (TNK), Nordic American Tanker Ltd. (NAT), and Frontline Ltd. (FRO).

Outlook

Although the market believes that the condensate export volumes are likely to be limited and minimal, any increase in export volumes should have a net positive impact on the crude oil tanker market. Given the limited condensate field production in the U.S. and limited scope of approvals, U.S. exports of condensate are likely to be limited over the next 18 months. Also, any heavy condensate volumes exported out of the U.S. would be carried out on either Aframax crude oil tankers or Panamax crude oil tankers.

As a result of the Department of Commerce ruling, shipment of condensates could begin as soon as August. Initially, the shipments are likely to be smaller with the U.S. forecasted to export 300,000 barrels of condensate per day by the end of the year.

Asia’s 200 Companies With Sales Under $1 Billion. Forbes

Again this year, China/Hong Kong firms dominate the list with 63 names. Add those domiciled in Taiwan, and you get to 89 in Greater China—with several more in Southeast Asia drawing on Chinese business networks. So, the growth of the world’s second-largest economy continues to be central to the BUB story.

Weakness in sustaining star performers in this “SME”-sized sector was in evidence where nations failed to gain any representation or, in the case of the otherwise booming Philippines, scored only one.  By contrast, Vietnam, struggling to regain recent economic-growth rates, has 10 names on the list.  Meantime, slowdown-hit India, with 19 selections, fell to its lowest level since 2007.

FORBES ASIA’s editors, drawing on databases of 15,000 stock-traded companies in Asia-Pacific with revenues between $5 million and $1 billion, winnowed the choice to 873 that satisfied the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders’ equity, and a trading history of at least on year.

The final list of 200 is not ranked, but qualified firms are measured comparatively. This is truly a select field—the top 1.3% of the category.

Only  52 of the 200 repeat from last year, although a dozen others returned to the BUB from lists previous to that. Of the 2013 group, four companies—Hartalega Holdings , Mudajaya Group , Philweband YGSoft—share the mark for longest BUB streak, four years apiece. (Last year’s record holder, Ctrip, fell off the list along with longtime regular Changyu Pioneer Wine, as China’s economy adjusted.)

Which industry spawned most of our Best Under A Billion? Information technology, with 55 companies when you include six chipmakers.

A handful of achievers from last year’s 200 “graduated” off the list this year by exceeding $1 billion in latest-year revenues. Among them: China’s Kangmei Pharmaceutical and Tianneng Power International .

This year’s compilation involved number crunchers Christina Settimi, Michael Ozanian and  Scott DeCarlo, with assistance from our editorial team in Asia and Sandy Chan, Heng Shao and Dan Alexander in N.Y.

To see the biggest individual shareholders of companies for to Forbes.com

Top Ten Countries with which the U.S. Trades

For the month of April 2013

                                                  Year To Date
                                    Total in         Total in
                                    Billions         Billions
 Country Name                       of U.S. $        of U.S. $

 Canada                                         54.75           208.98
 Mexico                                         44.24           164.53
 China                                           42.09           167.43
 Japan                                                  17.04            67.11
 Germany                                       13.62            51.55
 Korea, South                                  8.79            34.23
 United Kingdom                              7.81            32.58
 France                                          6.75            24.20
 Switzerland                                   6.32            19.55
 India                                            5.73            20.56

source: http://www.census.gov/foreign-trade/top/dst/current/balance.html