To boost US dollar supply, Indonesia wants 30% of exporters’ fx kept onshore
Indonesia will mandate exporters to repatriate part of their foreign currency-denominated earnings starting Aug. 1, as part of efforts to increase dollar supply and help…
Russia oil hitting $60-cap adds banking, shipping woes to buyers
A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel…
India considers banning most rice exports on inflation fears
India, the world’s biggest rice shipper, is considering banning exports of most varieties, a move that may send already lofty global prices higher as the…
China’s worse-than-expected exports deal new blow to economy
China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak, with a darkening global growth outlook and geopolitical tensions…
Commerce chief Raimondo’s email hacked in breach tied to China
Commerce Secretary Gina Raimondo was among the US officials whose emails were breached in a hack of government accounts that Microsoft Corp. has said originated…
Japan expects EU to lift food import curbs, official says
The European Union said it was lifting import restrictions on Japanese food products imposed in the wake of the Fukushima nuclear disaster.
Global coalition calls for digital labeling to reduce waste and increase consumer access to information
The American Apparel & Footwear Association (AAFA), the International Apparel Federation (IAF), and 128 additional organizations from all corners of the globe, today delivered a…
Truce on digital-tax extension sets up US clash with Canada
The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused…
Little-known Russia wheat exporter jumps in ranking
A company created in the wake of Russia’s invasion of Ukraine has become one of its major wheat traders in the space of a year.
Singapore puts transport minister on leave amid graft probe
Singapore Prime Minister Lee Hsien Loong said he instructed Transport Minister S. Iswaran to go on leave as the city’s anti-graft agency started a probe.
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