AMLO says Vulcan rejected $2 billion bid for Mexico coast assets
Vulcan Materials Co. rejected an offer by the Mexican government to purchase its Caribbean coast assets for $2 billion, the nation’s president said, adding that…
Glencore keeps Russian aluminum contract but metal flows dry up
Glencore Plc is keeping its contract with Russian aluminum giant United Co. Rusal International PJSC for at least another year, even as sales volumes dwindle.
Japan trade deficit shows weak yen is weighing on economy
Japan’s imports rebounded in April as the weak yen boosted their value, pushing the nation’s trade balance into deficit and highlighting the increasing economic burden…
Tesla’s sales in Europe fall to a 15-month low
Tesla Inc. got off to a sluggish start to the second quarter in Europe, where Chief Executive Officer Elon Musk was expecting a much better…
China hints at 25% car tariff as deadline for EU probe looms
China signaled it’s ready to unleash tariffs as high as 25% on imported cars with large engines, as trade tensions escalate with the US and…
AG exporters still struggling to get good service
The bipartisan Ocean Shipping Reform Act of 2022 aims to level the playing field for American exporters and importers by providing the Federal Maritime Commission…
Botswana seeks Brazil, Australia grain as El Nino withers crops
Botswana is taking the unprecedented step of seeking grain imports from Australia and Brazil after the El Nino weather phenomenon caused the worst drought in…
China’s $8.5 billion in steel spurs Latin America toward tariffs
A flood of cheap metal and a global turn toward protectionism is testing the otherwise symbiotic relationship
Philippines seeks Asia logistics hub status, banking on US ties
The Philippines is setting its sights on becoming the next manufacturing and logistics hub in Asia, President Ferdinand Marcos Jr. said, as Manila capitalizes on…
South Korea’s early trade data show export momentum rising
South Korea’s early trade data showed that exports are continuing to grow at a double-digit clip, boosting the prospects for an acceleration in economic growth…
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