Trade between the United States and Mexico would not end if the North American Free Trade Agreement (NAFTA) was terminated, Mexico’s foreign minister said on Friday, after a new U.S. plan emerged to build a five-year sunset provision into the treaty. In the shadow of repeated threats to scrap the deal by U.S. President Donald […]
The spike in freight rates for product tankers in the aftermath of the Hurricane Harvey is expected to be short-lived. Product tankers saw a 35-40 percent lift in spot rates since the hurricane made landfall on Texas on August 25, shutting down refineries. The tanker industry is taking advantage from the initial uncertainty caused by […]
China’s economy got another boost from foreign trade last month, with exports posting modest growth, though the recent surge in the yuan’s value is starting to weigh on Chinese exporters. China’s exports increased 5.5% from a year earlier in August, according to customs data released Friday. Some economists said the pace, while lower than July’s […]
Given the sensational media headlines hyping Canada’s recent economic growth, it’s hard to blame Canadians for being complacent. “Canada’s economy steamrolls ahead – 4.5 per cent annualized rate of expansion” declared The Globe and Mail. “Canada’s economy blows away forecasts with 4.5 per cent growth” proclaimed the National Post. These headlines may leave Canadians feeling […]
The three alliances will take delivery of a large number of ultra-large container ships over the next two years, sending smaller tonnage cascading down to the other trades for the rest of this year and in 2018. Most of those displaced vessels will be redeployed, with the largest of them moving to the Asia-Mediterranean trade, […]
Chinese President Xi Jinping said downward risks and uncertainties for the global economy are on the rise, and pledged to boost the power of emerging markets on the world stage. The external environment for developing economies is complicated and grim, Xi said in a speech Tuesday to the BRICS summit of leaders from Brazil, Russia, […]
Investors rediscovered a taste for the dollar and commodities on Thursday, as upbeat Chinese and U.S. economic news whetted appetite for riskier assets globally, while tensions over North Korea simmered in the background.
China will be “more proactive and effective” in implementing a pro-growth fiscal policy, the country’s two powerful economic ministers said, sending a strong signal that Beijing will loosen its purse strings to offset the impact on growth from its financial crackdown.
US airlines continued to see air cargo traffic increase at double-digit percentage levels in July, with improvements recorded at American, Delta and United. United, the largest freight carrier of the three airlines, saw demand increase by 17.1% year on year during the month to reach 279m cargo ton miles (CTM).
With little fanfare, Airbus SE is about to mark an unusual milestone in aviation: simultaneous production of the same aircraft on three continents. The company will hand over the first A320 to roll out of its Mobile, Alabama, assembly plant on Aug. 25, meaning North America will join Europe and Asia in producing the most […]
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