Maersk lost more than $700 million from Russia in quarter
A.P. Moller Maersk A/S said it lost more than $700 million in the first quarter from the war in Ukraine as the transport giant counts…
US trade deficit swells to record as goods imports surge
The U.S. trade deficit widened to a record in March, reflecting a surge in imports as companies relied on foreign producers to meet solid domestic…
India wants Russia to discount is oil to below $70 a barrel
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn…
China’s tariffs overwhelm Australian winemakers as exports fall
Australian wine exports slumped as an effective blockade by China overwhelmed efforts by producers to find buyers in other markets.
Canada’s trade surplus unexpectedly narrows as imports surge
Canada’s economy recorded a surge in trade with the rest of the world in March, as rising prices for commodities coupled with strong domestic demand…
Russian oil embargo risks more inflation trouble for Europe
European countries already reeling from record inflation risk aggravating their plight with the decision to shut themselves off from Russian oil imports.
India mulls wheat export curbs in latest food supply squeeze
India is considering restricting wheat exports as severe heat waves have damaged crops, exacerbating tight global supplies after the war in Ukraine sent food inflation…
Boohoo plunges as online clothing retailer’s growth wilts
Boohoo Group Plc shares plunged after the U.K. online clothing retailer warned that revenue growth may grind to a halt in the first half as…
Oil climbs as investors weigh inventory estimates, China’s curbs
Oil rose as industry data pointed to a drop in U.S. stockpiles and traders monitored possible European Union curbs on Russian crude.
Record fuel exports from US Gulf Coast drain tanks at home
Record fuel exports from the U.S. Gulf Coast are eating into domestic supplies, leaving gasoline and diesel tanks on the East Coast emptier than they…
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