229% surge in China-US shipping costs drives inflation pressure
The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up…
US raising Mexico energy policy concerns, trade chief says
President Joe Biden’s top trade negotiator said that the U.S. has “real concerns” about Mexican President Andres Manuel Lopez Obrador’s energy policy and will look…
Tortilla price spike leads Mexico to consider corn imports
Mexico is considering boosting corn imports and capping cooking gas prices as an inflationary spike hits tortilla prices, a staple for the country’s families.
Goldman buys stake in specialist Danish energy trader
Goldman Sachs Group Inc. bought a minority stake in Denmark’s InCommodities AS to tap into the firm’s specialist knowledge of short-term power and gas trading.
Aerospace industry will struggle to turn profit in 2021, report says
The commercial aerospace industry will struggle to make a profit this year despite recent news of big orders for jets and announcements that production rates…
Adani seeks $1 billion to refinance Mumbai Airport debt
Indian tycoon Gautam Adani is seeking a loan of about 75 billion rupees ($1 billion) to refinance existing debt of Mumbai’s international airport, according to…
AirAsia eyes US listing of digital business this year
AirAsia Group Bhd. is exploring the possibility of listing either its AirAsia Digital or AirAsia SuperApp in the U.S as early as this year, as…
Dubai port fire is under control after explosion rocks trade hub
A container ship caught fire in Dubai at one of the region’s biggest ports, causing an explosion that rocked the city just after midnight local…
Egypt waves goodbye to Suez Canal saga with payoff and a party
For a nation that provides safe passage for so many ships through its waters, Egypt is reserving rather special treatment for the Ever Given.
CN and KCS emphasize compelling case for pro-competitive combination in STB filing, now awaiting final ruling on voting trust
• CN-KCS STB filing meets the unlawful control and public interest tests of the STB • CN and KCS note overwhelming support for voting trust…
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