China-US rivalry is forging new trade routes, Standard Chartered’s Vinals says
The standoff between the U.S. and China is boosting the superpowers’ economic ties with other countries, according to Jose Vinals, the chairman of Standard Chartered…
China shipping giant pays mega bonuses 30 times worker’s salary
Asian shipping companies are offering mega bonuses to employees amid a boom in freight rates, with China’s state-owned giant Cosco Shipping Holdings Co. doling out…
Port of Oakland import volume hit new record in 2021
Containerized, loaded import cargo volume hit a new record at the Port of Oakland in 2021. The Port today reported that it handled the equivalent…
American Air cautions on sales while seeing bookings tick up
American Airlines Group Inc. reported a smaller fourth-quarter loss than expected and said ticket purchases are starting to recover from the effects of the coronavirus…
Union Pacific profit tops estimates on higher freight prices
Union Pacific Corp.’s profit topped analysts’ estimates after the railroad boosted prices and kept costs in check while it worked to untangle supply-chain knots that…
Puma sales reach record as shoe demand overcomes Covid snags
Puma SE posted record sales and earnings that topped estimates as demand for the German company’s sneakers and sports apparel overcame pandemic disruptions.
Biden, Europe sanctions caution cast doubt on Russia response
U.S. President Joe Biden’s comment that Russia may opt for a smaller-scale incursion into Ukraine, combined with the European Union’s reluctance to discuss specific penalties…
Ship arrivals to Shenzhen’s Yantian port delayed by a week
Containers are stacking up at the already backed-up Shenzhen port in China as congestion in the U.S. and Europe ripples back to Asia, delaying ships…
Biden says ‘uncertain’ whether China tariffs will be lifted
President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from U.S. businesses to relieve the…
Gains in Japan’s exports hold up despite omicron wave
Gains in Japan’s exports narrowed slightly in December to cap a year of robust increases, with the latest figures showing trade strength holding up more…
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