The messy irony behind Indonesia’s move to ban palm oil exports
Indonesia, which ships about a third of the world’s edible oil cargoes, has just imposed a sweeping ban on palm oil exports to protect its…
Huawei’s profit dives 67% after US sanctions wallop phone arm
Huawei Technologies Co. profit fell about 67% in the first quarter as the Chinese telecom-equipment giant continued to battle crippling U.S. trade and investment sanctions.
Corn extends rally to decade high as supply in ‘perilous’ state
Corn extended its rally to the highest since 2012 in Chicago as the war in Ukraine chokes supplies and adverse weather threatens crops in the…
Sri Lanka chaos opens tea export opportunity that India may miss
India, the world’s second-biggest tea producer, will likely fail to take advantage of an export gap in the global market sparked by Sri Lanka’s economic…
Soy oil soars to record as Indonesia expands palm export ban
Soybean oil futures climbed to an all-time high in Chicago as global vegetable-oil markets face increasingly strained supplies with Indonesia’s export ban on crude palm…
China cuts coal import tariffs to zero to increase supply
China will cut import tariffs for coal to zero from May to the end of March to help guarantee energy supplies, the Ministry of Finance…
U.K. delays planned import controls on EU goods until 2023
The U.K. will delay the introduction of planned checks on imports from the European Union until the end of next year, its latest attempt to…
Hong Kong has surprise export drop as China locks down
Hong Kong’s exports plunged in March by the most since January 2020 as Covid restrictions in China weighed on the flow of goods.
Southern sees solar project delays caused by US tariff probe
Southern Co.’s Georgia Power has seen about 1 gigawatt of solar projects built by third parties delayed a year in part because of the U.S.…
US economy posts surprise contraction, belying solid consumer picture
The U.S. economy unexpectedly shrank last quarter for the first time since 2020 as the trade deficit ballooned, adding to political headaches for President Joe…
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