US-UK Trade Talks in a Post-Brexit World Boris Johnson threatened to walk away with no deal at the end of the year rather than sign up to EU rules on competition and state aid. He also made the case that the UK should not abide by Brussels rules any more than the EU should have…
U.S. Economy Grows 2.1%, Consumption Slowing U.S. consumer spending moderated and business investment continued to deteriorate at the end of 2019, while a smaller trade deficit and more home construction helped keep economic growth steady. GDP expanded at a 2.1% annualized rate for a second straight quarter, according to Commerce Department data. Consumer spending decelerated…
USMCA Trade Agreement: U.S. Dairy and Meat Exports President Donald Trump Signed the USMCA trade agreement. The revised NAFTA agreement seeks to be a win for U.S. dairy and red meat. Producers in southern Minnesota say some of the provisions have been a long time coming. Read the Press Release
Community Leaders Recognized by Commerce Lexington Awards presented during the 2020 Annual Dinner as about 1,000 business professionals, community and regional leaders, and elected officials are in attendance. This event looked back at 2019 and highlighted key goals of the organization and recognized Commerce Lexington’s most involved members, volunteers and community leaders. Read the…
Bannockburn Global Forex Outlook Coronavirus could cause slower growth which will make observers more skeptical of China’s ability to fully adhere to the new trade agreement with the US that has measurable, quantifiable targets for purchases of broad categories of US goods. Read the Press Release
Tokai Carbon GE A manufacturer of graphite electrodes for the US steel industry plans to create up to 15 full-time jobs with a $25 million investment. This will allow an increase to production to better serve its customers throughout the United States. Read the Press Release
UPS to Create 1,000 Jobs in Louisville with $750 Million in Projects Alongside a 747-8F, the largest aircraft in UPS Airlines’ fleet, Gov. Matt Bevin today joined company executives in Louisville to unveil $750 million in projects to further support the shipping giant’s Worldport air hub and create 1,000 jobs across the coming years. Read…
Kobelco Aluminum Plant Begins Full Operations Gov. Matt Bevin today congratulated automotive parts manufacturer Kobelco Aluminum Products & Extrusions Inc. for reaching full capacity at its new facility in Bowling Green, while undergoing a $42 million, 90-job expansion that will push total employment at the facility to 220 and total investment to $95 million. Read…
Truman’s to locate headquarters in Louisville Gov. Matt Bevin today announced Truman’s, a direct-to-consumer cleaning products company founded last year, raised $5 million from an investor group led by industry mainstay Henkel to establish its headquarters in Louisville. Read the Press Release
Officials: Kentucky Export Goods, Services Up 3% The World Trade Center of Kentucky hosted the event which took a closer look at the importance of boosting the state’s export growth and attracting foreign direct investment. Read the Press Release