Top rail execs featured at NARS annual meeting May 9–11 in Kansas City
CHICAGO—April 21, 2022—The North American Rail Shippers Association (NARS) will host its annual meeting May 9–11, 2022 in Kansas City.
Oil exporters bagging $818 billion windfall are cautioned by IMF
The International Monetary Fund has sharply raised its view of the revenue windfall that the oil-exporting nations of the Middle East and Central Asia will…
US goods-trade gap soars to record, surpassing all estimates
The U.S. merchandise-trade deficit widened unexpectedly to a new record in March as the value of imports dwarfed that of outbound shipments, reflecting a surge…
CN Railway cuts outlook, misses estimates as fuel costs jump
Canadian National Railway Co. cut its outlook for profit growth and cash flow for 2022, saying it expects costs to be significantly higher than it…
U.K. ministers split over proposal to cut some food tariffs
(Bloomberg) -- U.K. ministers are split over proposals to slash some food tariffs in a bid to ease the country’s cost of living crisis, a…
Crop futures gain with export limits, weather straining supply
Crop prices gained as global vegetable-oil markets face increasingly strained supplies and wet, chilly weather delays North American plantings.
Russia says its oil output may drop as much as 17% this year
Russia’s oil production this year may drop by as much as 17% amid international restrictions on buying the nation’s crude, said Finance Minster Anton Siluanov.
Indonesia adds to global food shock with widened palm export ban
Indonesia the world’s biggest edible oils shipper, will widen a export ban to include crude palm oil, adding to uncertainty in a market that’s suffered…
Britain can end Russian gas imports sooner than thought
Prime Minister Boris Johnson’s government expects Britain can stop importing Russian natural gas before the end of the year, sooner than expected, a person familiar…
Palm oil rallies 10% as market prepares for Indonesia export ban
Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt.
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