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.
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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.
Indiana exports hit annual record
The state shipped $28.7 billion in goods last year to foreign countries, including Canada, Mexico and Germany, which accounted for most of the demand, according to a report from the Indiana University Kelley School of Business.
Global micro lender Grameen ramps up in Indianapolis
Low-income women could receive loans in weeks.
More life sciences firms opt to launch products in Europe
The U.S. Food and Drug Administration’s growing reputation for unpredictability is spurring some Indianapolis companies to join counterparts elsewhere and introduce products in Europe. The upshot is that some Americans may never benefit from innovations occurring in their backyards.
Daniels signs trade deal with Chinese province
Daniels signed the business cooperation agreement Monday with the leader of Zhejiang Province, located on the east coast of China south of Shanghai. The document pledges to develop further business links between Indiana and Zhejiang.
HICKS: Free trade isn’t costing Americans jobs
I actually find it astonishing that there are still Americans who devote themselves to opposing free trade on the grounds that it hurts the economy. There is no more easily disproven fiction.