Metals world agonizes over war but keeps buying from Russia
Last month, 13 copper-industry representatives at the London Metal Exchange were asked whether Russian metal should be blocked from its warehouses. Ten of them said…
Diverging costs of Russian gas ban complicate EU sanctions push
European Union countries discussing tougher sanctions against the Kremlin would face vastly different economic outcomes if they opted for a complete cut-off in Russian energy…
Turkey’s trade deficit widens in March as energy imports soar
Soaring energy prices pushed Turkey’s trade deficit to $8.24 billion in March, showing how the war in Ukraine is overwhelming government plans to support the…
World’s scramble for energy drives Australian exports to record
Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as…
Brazil exports hit record high in March on commodity prices, war
Brazil posted record monthly exports and imports in March on the back of a surge in global commodity prices fueled by the Russian invasion of…
India, Australia sign economic deal to deepen trade ties
India and Australia signed a wide-ranging economic pact on Saturday, cutting duties on more than 85% of goods exported to the South Asian nation, as…
India merchandise exports at record high of $418 billion in FY22
(Bloomberg) -- India’s goods exports touched a record high of $418 billion in the financial year that ended on March 31, boosting the country’s aim…
Biden trade agenda criticized by senators for lack of ambition
U.S. senators from both parties criticized President Joe Biden’s trade agenda on Thursday, faulting a shortage of ambition for negotiating new agreements and countering China…
Sudden Shanghai lockdown snarls China’s biggest metals hub
Shanghai’s strict lockdowns are threatening production at hundreds of factories in nearby industrial regions that rely on a steady flow of metal from China’s top…
NRF chief economist says economy has ‘strong momentum’ despite challenges from inflation and Ukraine
Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year…
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