GENEVA (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization …
Trade
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LAREDO, Texas—U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO) officers assigned to the World Trade Bridge seized cocaine that totaled over $1,900,000 in street value. “Officers in …
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ISTANBUL (Reuters) – Turkey’s foreign trade deficit widened 38.4% year-on-year to $14.24 billion in January, official data showed on Monday, with imports surging 20.7% and exports up 10.3%. The Turkish …
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LAREDO, Texas — U.S. Customs and Border Protection (CBP), the General Services Administration (GSA), and the City of Laredo are pleased to announce the completion of a large-scale infrastructure improvements …
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Short-dated options trade behind Thursday’s U.S. stock market choppiness -Nomura’s McElligott
by Reutersby ReutersBy Saqib Iqbal Ahmed NEW YORK (Reuters) – An intraday dip in the S&P 500 Index on Thursday was spurred by large trades in short-dated derivatives that piled selling pressure …
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By Emma Farge GENEVA (Reuters) – Global trade grew more than expected last year despite the upheaval caused by the Russia-Ukraine war, as badly-affected countries managed to switch suppliers or …
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Trade group argues U.S. SEC case unfairly labels crypto as securities
by Reutersby ReutersBy Hannah Lang (Reuters) – Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees …
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German trade with Central and Eastern Europe at record high – business group
by Reutersby ReutersBERLIN (Reuters) – German trade with Central and Eastern Europe climbed to a new high of 562 billion euros ($597.52 billion) in 2022 despite a drastic decline in German exports …
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Powerful Tunisian trade union defies president with mass protests
by Reutersby ReutersBy Tarek Amara SFAX, Tunisia (Reuters) – Thousands of members of Tunisia’s powerful UGTT trade union took to the streets of eight cities on Saturday to protest against President Kais …
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Chinese chip trade group opposes export controls from U.S., Netherlands, Japan
by Reutersby ReutersSHANGHAI (Reuters) – The China Semiconductor Industry Association (CSIA), the country’s top chip industry trade group, opposes reported export controls from the United States, Japan and the Netherlands, it said …
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Soaring egg prices lead to black market trade, smuggling
Laurel Duggan on February 10, 2023 TRENTON, NJ – With egg prices soaring from around $2.99 per dozen in the New York and New Jersey area just a year ago …
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U.S. agriculture trade chief demands Canada broaden dairy quota access
by Reutersby ReutersBy David Lawder WASHINGTON (Reuters) – Canada must let U.S. processors of cheese, ice cream, yogurt, milk powder and other dairy products have access to its import quotas to resolve …
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Ackman’s Pershing Square reaps $2.7 billion from rate trade but down 9% in 2022 -letter
by Reutersby ReutersBy Nell Mackenzie LONDON (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the …
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US Notches Record Trade Deficit In 2022 — Thanks Partly To China
US Notches Record Trade Deficit In 2022 — Thanks Partly To China Trevor Schakohl on February 7, 2023 The U.S. trade deficit increased to its highest recorded level in 2022, …
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By Swati Verma and Noah Browning (Reuters) – The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it …
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Germany’s Habeck optimistic trade dispute with U.S. can be avoided
by Reutersby ReutersBERLIN (Reuters) – German Economy Minister Robert Habeck expressed optimism on Thursday that a trade dispute with the United States over subsidies can be avoided. “I think we have a …
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By Canan Sevgili and Can Sezer ISTANBUL (Reuters) – Turkey’s tourism revenue hit a record $46.3 billion in 2022 even as its trade deficit swelled to more than $109 billion, …
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VW’s Skoda Auto cuts production due to chip shortage – trade unions
by Reutersby ReutersPRAGUE (Reuters) – Volkswagen’s Czech subsidiary Skoda Auto is cutting production this week due to chip shortages, trade unions at the carmaker said. Some shifts will be cancelled in the …
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German wholesales growth to halve in 2023 – trade association BGA
by Reutersby ReutersBERLIN (Reuters) – German wholesalers can expect sales growth to halve in 2023 after a jump last year fuelled by rising prices, the BGA wholesale and foreign trade association said …
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MANILA (Reuters) – The Philippines posted a trade deficit of $4.6 billion for December, the biggest trade gap in three months, government data showed on Thursday. That brought the full-year …
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Brazil’s Lula proposes Mercosur trade deal with China after EU accord
by Reutersby Reuters(Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Wednesday that he favored an agreement between Mercosur and China in a plan to modernize and open the South American …
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Lula says Brazil and Argentina will study common currency for trade
by Reutersby ReutersBUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are studying the creation of a common currency to be used in trades …
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Senior Australian official asks China to remove trade impediments
by Reutersby ReutersSYDNEY (Reuters) -Australia’s Assistant Minister for Trade Tim Ayres called for the removal of China’s “trade impediments” on Australian exports in a meeting with his Chinese counterpart on the sidelines …
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By Mark John DAVOS, Switzerland (Reuters) – The United States pitched its vision of “worker-centric” trade. China promised an “all-round opening up”. Europe spoke of its quest for strategic autonomy. …
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Democrats’ Climate Bill Sparks Potential Green Trade War With Europe
Democrats’ Climate Bill Sparks Potential Green Trade War With Europe John Hugh DeMastri on January 17, 2023 Leaders in the European Union are intensifying efforts to compete with the U.S. …