CNBC/NRF Retail Monitor reports moderate retails sales growth in June
Retail sales showed moderate growth in June amid a still-solid economy and near-zero inflation for retail goods, according to the CNBC/NRF Retail Monitor, powered by…
Russian imports from China tick up again after Putin-Xi meeting
Russian imports from China began to recover in June despite difficulties with foreign trade payments triggered by the US’s threat of secondary sanctions and restrictions…
China’s commodities imports ease in June sluggish economy
China’s appetite for commodities eased in June, as a sluggish economy took the edge off import demand across a number of key raw materials.
Majority of back-to-class shoppers have already begun purchasing school items
As of early July, more than half (55%) of back-to-school and college shoppers have already begun buying items for the upcoming school year, according to…
Singapore businesses want less red tape in Malaysia special zone
Singapore businesses want a planned joint special economic zone with Malaysia to slash red tape and help with labor and connectivity issues, according to a…
Chile wins US tax-credit treatment for battery component made from lithium
Chile reached an agreement with the US to allow a key battery component to count toward tax credits under the US Inflation Reduction Act, boosting…
AI boom in the US drives 422% spike in Taiwanese tech exports
The boom in AI is driving a surge in Taiwanese exports, with the island’s companies shipping more than $42 billion worth of graphic processing units…
China buys first US soy for 2024 crop — about seven months late
China, the world’s largest importer of soybeans, made its first purchase of US soybeans for the upcoming season — months later than usual.
Expensive cocoa supply is about to hit chocolate makers, spurring demand pullback
Cocoa processing likely slowed a bit last quarter, but a steeper slump is looming as chocolatiers start to really feel the pinch of pricey beans.
US targets China with tariffs on steel, aluminum sent via Mexico
President Joe Biden’s administration will apply new tariffs to steel and aluminum shipments diverted through Mexico in a bid to prevent China from circumventing existing…
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