Oil prices could rally to $100 a barrel next year, a level not seen since 2014, as supply risks in Venezuela and Iran strain global markets, according to Bank of America Corp.
Economists Think the Next U.S. Recession Could Begin in 2020
The economic expansion that began in mid-2009 and already ranks as the second-longest in American history most likely will end in 2020 as the Federal Reserve raises interest rates to cool off an overheating economy, according to forecasters surveyed by The Wall Street Journal. (This article requires a subscription to the Wall Street Journal. To […]
China Draws Up a Shopping List of American Goods to Avoid Trade War
China likely will offer to import more U.S. goods during negotiations in Washington next week as the two sides see one of the best ways to avert an all-out trade war is for Beijing to buy American. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
March sees air cargo growth slow to lowest level in 22 months
Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown. The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, while capacity increased by […]
How China Is Buying Its Way Into Europe
For more than a decade, Chinese political and corporate leaders have been scouring the globe with seemingly bottomless wallets in hand. From Asia to Africa, the U.S. and Latin America, the results are hard to ignore as China has asserted itself as an emerging world power. Less well known is China’s diffuse but expanding footprint […]
IMF Forecasts Global Growth of 3.9% This Year, Strongest Since 2011
The global economy is on course to grow 3.9% this year, the fastest pace since 2011, with every major economy poised to grow for the second year in a row, according to the International Monetary Fund’s latest forecast. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above […]
ALLIED: US-China Trade War Leaving Bitter Aftertaste in Dry Bulk Market
The trade war between the United States and China has left a bitter aftertaste in the dry bulk market as the market recovery is slowly being eroded by the recent geopolitical frictions, ALLIED Shipping Research said its latest update.
European airports continue to report cargo growth in February
European airports saw cargo demand increase again in February, although there was a slowdown on growth levels recorded in January. The latest figures from Airports Council International (ACI) Europe show that freight demand increased by 5.7% year on year in February, down on January’s 8.7% uptick. This slowdown was to be expected as the Chinese […]
Exclusive: China seeks trade firewall with U.S. allies in rush of ambassador meetings – sources
China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.
China to open auto market as trade tensions simmer
China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy shift to open up the world’s biggest car market, even as trade tensions simmer between Washington and Beijing.