Rio Tinto strikes rail deal for huge iron ore mine in Guinea
The development of the world’s biggest untapped iron ore deposit came another step closer after Rio Tinto Plc and its consortium partners agreed a pact…
South Africa and China strike trade agreements worth $2.2 Billion
Companies from South Africa and China concluded trade deals worth $2.19 billion during a visit to the country by Chinese Commerce Minister Wang Wentao.
NRF economist says growth in consumer spending is slowing
U.S. consumers are still buying more than last year, but spending growth is slowing as the economy settles down amid higher interest rates intended to…
Biden narrows China investment order as US seeks better ties
President Joe Biden imposed limits on US investments in China as part of a push to restrict the country’s ability to develop next-generation military and…
US and Mexico announce plan to remediate denials of rights at Mexican garment facility
The United States and Mexico today announced a course of remediation to address denials of rights at the Industrias del Interior (INISA) facility in the…
China makes record export data downgrade to surprise numbers
China made the biggest downgrade on record to the value of a monthly export figure, a move that could paint a more flattering picture of…
June 2023 TSI Up 1.6% from the previous month
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 1.6% in June from…
China slides into deflation as consumer, factory prices drop
China’s consumer and producer prices both declined in July from a year ago, a sign of deflation pressure that’s likely to be temporary as policymakers…
India’s rice export ban sparks concern that sugar may be next
After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar.
US trade deficit narrows as imports decline to lowest since 2021
The US trade deficit shrank in June as imports slid to the lowest level since 2021, reflecting more moderate consumer demand for merchandise.
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