News Media
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[GLOBAL & ECONOMY] ‘Decade of Emerging Markets’ May Be About to Regain Traction_June 11 2023
Date : 2023-06-14
Emerging-market bulls are still upbeat on the asset class, even after China’s highly-touted reopening rally fizzled and proved Wall Street’s early 2023 optimism to be misplaced.
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Date : 2023-06-14
Japan’s economy grew an annualized 2.7% in the first quarter of the year, expanding further than earlier estimates of 1.6% made last month, government data showed Thursday. Economists surveyed by Reuters had expected to see growth of 1.9%. The Jap...
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[GLOBAL & ECONOMY] Euro zone enters recession after Germany, Ireland growth revision_THU, JUN 8 2023
Date : 2023-06-14
The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the coming months. The 20-member bloc reported gross domestic product of -0.1% for the first quarter, according to revised estimates from th...
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Date : 2023-06-14
China can’t easily rely on its neighbors as export markets in a global slowdown, the latest trade data show. Exports to the Association of Southeast Asia Nations have been growing. The 10-member bloc surpassed the European Union during the pandemi...
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Date : 2023-06-14
America’s economic troubles are “going to get worse” thanks to a debt crisis and looming balance sheet recession, legendary investor Ray Dalio said Wednesday. Speaking at the Bloomberg Invest conference in New York, Dalio—who in 1975 founded Bridg...
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Date : 2023-06-14
The downward trend in air global cargo tonnages has continued into early June, with average rates also continuing the year-long pattern of slow year-on-year (YoY) decline, according to the latest weekly figures from WorldACD Market Data......
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Date : 2023-06-14
Tension is mounting in the global air cargo market heading into the weaker summer months with general airfreight rates falling in May to their lowest level since March 2020 as restless airlines and freight forwarders went in search of volumes, indica...
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[OCEAN] Smoke Closes Container Terminals at U.S. East Coast’s Busiest Port
Date : 2023-06-14
Container terminals at the Port of New York and New Jersey closed early Wednesday as thick smoke from Canadian wildfires engulfed the region.....
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[OCEAN] The Fed's Inflation Fight Faces a New Challenge: A Dry Panama Canal
Date : 2023-06-14
Federal Reserve Chair Jerome Powell keeps careful track of employment levels, wages, consumer prices and numerous other metrics to see where the US inflation rate may be headed in the next year........
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[OCEAN] Drought-Stricken Panama Canal Prepares for El Niño Impacts_June 6, 2023
Date : 2023-06-14
The Panama Canal Authority (ACP) is closely monitoring the development of climatic events that could impact water availability in the region and shipping through the critical waterway......
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[OCEAN] West Coast dockworkers making $200K demand higher pay_Wednesday, June 07, 2023
Date : 2023-06-14
Union fight for pay raise now starting to affect ship operations
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Date : 2023-04-19
Preliminary figures for March indicate that global air cargo demand and pricing may start to stabilize, with average rates holding firm at around 50% above pre-Covid levels and year-on-year (YoY) tonnages down just -8% in March – compared with double...
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Date : 2023-04-19
Major ports across China have reported a drop of empty containers, which industry insiders said is a sign of an export recovery as Chinese products gain a resilient and strong foothold in the world market despite lingering global inflation.
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[OCEAN] LA-LB outlook darkens as labor unrest briefly shutters ports - April 09, 2023
Date : 2023-04-19
The Port of Los Angeles’ sales pitch to importers in recent months has been: We have plenty of capacity now. No more ship queues. The port labor contract expired July 1, 2022, but there has been no major disruption to imports during negotiations on t...
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[OCEAN] U.S. container imports continue to follow 2019 volumes.
Date : 2023-04-19
March 2023 U.S. container import volumes increased 6.9% from February 2023 to 1,853,705 TEUs (see Figure 1). Versus March 2022, TEU volume was down 27.5%, but up 4.2% from pre-pandemic March 2019. Two points to consider with the March numbers: 1) Mar...
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[GLOBAL & ECONOMY] The IMF is wrong yet again on interest rates - April 17, 2023
Date : 2023-04-19
Much ink has been spilled over the IMF’s recent forecast that the UK economy will be the worst performer among the G7 this year. Yet its forecasting record on such matters is not good.
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[GLOBAL & ECONOMY] The yen could reach 120 per dollar, up 20% from October’s peak - APR 13 2023
Date : 2023-04-19
The Japanese yen could strengthen to 120 per dollar by the end of the year on the back of a change in the central bank policy.
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Date : 2023-04-19
The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity.
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[GLOBAL & ECONOMY] China Searches for Clearer Signs of Economic Momentum - April 17, 2023
Date : 2023-04-19
China’s key economic data in the coming week is likely to show a pickup in growth after Beijing dropped its Covid Zero rules, though it’s not yet clear how solid or sustainable the recovery will be.
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Date : 2023-04-19
Consumers are getting more pessimistic about inflation and their access to credit, according to the results of a monthly survey the New York Federal Reserve released Monday.