“Reuters earlier reported that “customs at China’s northern port of Dalian has banned imports of Australian coal and will cap overall coal imports from all sources to the end of 2019 at 12 million tonnes.”” reports forexlive.com. The affected ports also comprise only 1.8% of Australian coal exports. Source: forexlive.com
Read More“Shares in BAE Systems fell sharply on Thursday following a warning that Germany’s attempts to block exports to Saudi Arabia could scupper its contracts with the kingdom and hit its financial performance” writes Jon Yeomans for telegraph.co.uk. The German government is trying to stop weapons exports to Saudi Arabia following the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul last October and its role in the conflict in Yemen. Source: telegraph.co.uk
Read More“The drop in South Korean exports comes at a febrile time for the global economy” writes Will Martin for businessinsider.com. A Bank of America Merrill Lynch survey released this week showed that investors are more worried about the possibility of a global recession than anything else right now.A data point often considered a “canary in the coalmine” for the global economy had a second consecutive dreadful month, according to preliminary data released Thursday.Exports dropped 11.7% year-on-year in the first 20 days of the month, the Korean Export Service said Thursday.South…
Read More“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.04% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…
Read More“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.06% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…
Read More“Growth in consumer spending was, however, subdued, while net exports were a severe drag on headline GDP growth” writes Richard Partington for theguardian.com. Manufacturing accounts for about a fifth of the Germany economy, about double the size of Britain’s industrial base.Analysts said that domestic demand in the German economy – predominantly from investment in construction and machinery as well as government spending – helped it to avoid recession.The German economy recorded zero growth in the fourth quarter, managing to just avoid a technical recession after reporting a contraction of 0.2%…
Read More“China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December” writes Huileng Tan for cnbc.com. China on Thursday reported imports and exports data for December that easily topped expectations amid its trade dispute with the U.S. That better-than-expected news comes a month after China’s customs data showed imports and exports both fell unexpectedly in December.China’s overall trade surplus was $39.16 billion in January.December trade surplus was $57.06 billion.January dollar denominated exports meanwhile rose 9.1 percent from a year ago, according to…
Read More“Ahead of its quarterly earnings, Aurora Cannabis Inc. said Monday that it had exported its first batch of cannabis oil to the United Kingdom” writes Tech Reporter for marketwatch.com. Read now: Cannabis earnings: Pot stocks’ downturn may drown Aurora and others in red ink Related: How marijuana companies can profit without selling pot Pot stocks were largely lower Monday. Source: marketwatch.com
Read More“German exports rose in December compared with November, according to official data, possibly offering some relief amid mounting concern about a slowdown in both the eurozone and its largest economy” writes Fabiana Negrin Ochoa for marketwatch.com. The rise in German exports follows an bleak string of weak economic data–including a slump in manufacturing orders–that has fanned fears that Germany’s economy is faltering.The Federal Statistical Office said Friday that exports increased 1.5% from the month before while imports rose 1.2%, with both figures taking into account seasonal swings and calendar effects.Germany’s…
Read More“There are a lot of companies seeing danger signs on the international side of business,” Abney said” writes Rachel Premack for businessinsider.com. Cross-border e-commerce shipments are growing at five to seven times the rate of global gross domestic product, UPS has said.Globally, the fastest-growing e-commerce markets are Indonesia, Mexico, and the Philippines.Abney highlighted the expanding middle class in emerging markets like China and India and their growing demands for e-commerce. Source: businessinsider.com
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