WTO sees short-lived slowdown of global goods trade growth
GENEVA (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this …
Trade
CBP Officers Seize Over $1.9 Million in Cocaine at World Trade Bridge
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 …
Turkish trade deficit jumps 38% to $14.2 billion in January
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 …
Completion of Large-Scale Donation Project at World Trade LPOE
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 …
Short-dated options trade behind Thursday’s U.S. stock market choppiness -Nomura’s McElligott
By 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 …
Ukraine war’s impact on trade not as bad as expected: WTO
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 …
Trade group argues U.S. SEC case unfairly labels crypto as securities
By Hannah Lang (Reuters) – Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. …
German trade with Central and Eastern Europe at record high – business group
BERLIN (Reuters) – German trade with Central and Eastern Europe climbed to a new high of 562 billion euros ($597.52 billion) in 2022 despite a …
Powerful Tunisian trade union defies president with mass protests
By Tarek Amara SFAX, Tunisia (Reuters) – Thousands of members of Tunisia’s powerful UGTT trade union took to the streets of eight cities on Saturday …
Chinese chip trade group opposes export controls from U.S., Netherlands, Japan
SHANGHAI (Reuters) – The China Semiconductor Industry Association (CSIA), the country’s top chip industry trade group, opposes reported export controls from the United States, Japan …
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 …
U.S. agriculture trade chief demands Canada broaden dairy quota access
By David Lawder WASHINGTON (Reuters) – Canada must let U.S. processors of cheese, ice cream, yogurt, milk powder and other dairy products have access to …
Ackman’s Pershing Square reaps $2.7 billion from rate trade but down 9% in 2022 -letter
By 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 …
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 …
Price cap on Russian refined fuels set to disrupt trade
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 …
Germany’s Habeck optimistic trade dispute with U.S. can be avoided
BERLIN (Reuters) – German Economy Minister Robert Habeck expressed optimism on Thursday that a trade dispute with the United States over subsidies can be avoided. …
Turkey’s tourism gains in war-hit 2022 but trade deficit widens
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 …
VW’s Skoda Auto cuts production due to chip shortage – trade unions
PRAGUE (Reuters) – Volkswagen’s Czech subsidiary Skoda Auto is cutting production this week due to chip shortages, trade unions at the carmaker said. Some shifts …
German wholesales growth to halve in 2023 – trade association BGA
BERLIN (Reuters) – German wholesalers can expect sales growth to halve in 2023 after a jump last year fuelled by rising prices, the BGA wholesale …
Philippines posts $4.6 billion trade deficit in December
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 …
Brazil’s Lula proposes Mercosur trade deal with China after EU accord
(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 …
Lula says Brazil and Argentina will study common currency for trade
BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are studying the creation of a common currency …
Senior Australian official asks China to remove trade impediments
SYDNEY (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 …
Davos 2023: Global trade rethink: ‘race of the big pockets’?
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 …
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 …
CBP Officers Seize Over $7.5 Million in Marijuana at World Trade Bridge
LAREDO, Texas—U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO) officers assigned to the World Trade Bridge seized marijuana that totaled over $7,500,000 …
Germany should diversify its trade partners, economic adviser says
BERLIN (Reuters) – Germany needs to diversify its international business partners and focus on new regions of the world, the government’s chief economic adviser said, …
Upcoming Chinese holiday, high coal stocks keeping lid on Australian trade
By Muyu Xu and Melanie Burton SINGAPORE/MELBOURNE (Reuters) – Chinese interest in Australian coal has been limited by the upcoming Lunar New Year holiday and …
Colombia, Venezuela presidents discuss investment, trade
By Deisy Buitrago CARACAS (Reuters) – Colombian President Gustavo Petro and his Venezuelan counterpart Nicolas Maduro discussed binational investment and trade at a meeting in …
Russian rouble advances vs dollar, euro in light holiday trade
(Reuters) – Russia’s rouble rose against the dollar and euro on Friday, as oil prices lifted during thin holiday trading. The rouble gained 0.55% against …
Russian rouble up vs dollar, euro in light trade
(Reuters) – The Russian rouble showed positive dynamics against the dollar and the euro amid a rebound in oil prices in thin holiday trading on …
Russian rouble down with oil prices, trade remains thin
MOSCOW (Reuters) – The rouble opened weaker on Wednesday amid lower oil prices and thin trading volumes during public holidays in Russia. At 0714 GMT, …
Ex-CFO pleads guilty to stealing from SPACs to trade meme stocks, cryptocurrencies
By Jonathan Stempel NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) has pleaded guilty to embezzling more …
Russian rouble slides in first trade of the year
The Russian rouble weakened on Tuesday against the dollar and euro in the first session of the year in Moscow amid light trading volumes during …
Brazil posts record trade surplus of $62.3 billion in 2022
BRASILIA (Reuters) – Brazil posted a $62.3 billion trade surplus in 2022, official data showed on Monday, a record in the series started in 1989. …
Turkish 2022 trade deficit leaps 138% to $110.2 billion -ministry
ISTANBUL (Reuters) – The Turkish trade deficit widened 138.4% from the previous year to $110.19 billion in 2022, the Trade Ministry said on Monday, with …
China to adjust trade tariffs on some goods from Jan 1
BEIJING (Reuters) – China will adjust import and export tariffs on some goods from January 1, in order to speed and promote development and expand …
CBP Officers Seize Over $900K in Methamphetamine at World Trade Bridge
LAREDO, Texas—U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO) officers assigned to the World Trade Bridge seized methamphetamine that totaled over $900,000 …
U.S. and China trade barbs over South China Sea
MANILA (Reuters) – China’s embassy in Manila accused the United States on Tuesday of driving a wedge between the Philippines and Beijing, deploring Washington’s “unfounded …
AbbVie to leave leading U.S. drug industry trade group
(Reuters) – AbbVie Inc is leaving Pharmaceutical Research and Manufacturers of America (PhRMA), the leading U.S. drug industry group said on Thursday. Politico, which first …
Indonesia books bigger-than-expected Nov trade surplus of $5.2 billion
JAKARTA (Reuters) – Indonesia posted a larger-than-expected trade surplus last month, as imports unexpectedly contracted on a yearly basis while exports slowed, official data showed …
Costa Rica seeks entry to North America trade pact
SAN JOSE (Reuters) – Costa Rica has told the United States it is interested in joining the North American trade pact between the United States, …
Ecuador’s trade agreement with China is ‘practically closed,’ says Lasso
GUAYAQUIL, Ecuador (Reuters) – Ecuadorian President Guillermo Lasso said on Wednesday that the country is on the verge of closing a free trade agreement with …
U.S. to add over 30 Chinese companies to trade blacklist -Bloomberg News
(Reuters) – The Biden administration plans to place Chinese chip maker Yangtze Memory Technologies (YMTC) and 35 other Chinese firms on a trade blacklist that …
CBP Officers Seize $3.6 Million in Cocaine at World Trade Bridge
LAREDO, Texas—U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO) officers assigned to the World Trade Bridge seized cocaine in two separate incidents …
Trade panel decision on auto rules dispute to come mid-January, Mexico says
MEXICO CITY (Reuters) – A trade panel’s decision under a regional trade pact regarding content requirements for the automotive sector will be published after Jan. …
U.N. body says slowdown in global trade to worsen in 2023
BERLIN (Reuters) – The ongoing slowdown in global trade is expected to worsen in 2023, the U.N. Conference on Trade and Development (UNCTAD) said on …
SIMON HANKINSON: Brittney Griner Trade Shows Who The Real Suckers At The Table Are
SIMON HANKINSON: Brittney Griner Trade Shows Who The Real Suckers At The Table Are Simon Hankinson on December 11, 2022 There’s an old joke among …
Brittney Griner Trade Shows Who The Real Suckers At The Table Are
SIMON HANKINSON: Brittney Griner Trade Shows Who The Real Suckers At The Table Are Simon Hankinson on December 11, 2022 There’s an old joke among …
Black Conservative Activists Comment On Griner Trade, Hope She Is Very Pro-America
Black conservative activists commented on the Biden administration’s decision to trade WNBA player Brittney Griner for notorious arms dealer Viktor Bout, saying they hope she …