News Media
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[GLOBAL & ECONOMY] [BIS warns world economy at critical juncture in inflation fight] - June 25, 2023
Date : 2023-06-26
The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.
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Date : 2023-06-26
Central bankers across the globe are delivering a message: Slow and steady won’t win the race against inflation.
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Date : 2023-06-26
Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday.
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[GLOBAL & ECONOMY] [Gloom Grips China Markets Again as Stimulus Trade Fizzles Out] - June 26, 2023
Date : 2023-06-26
The Hang Seng China Enterprises Index of Hong Kong-listed Chinese companies slumped more than 6% last week to cap its steepest drop since March. The CSI 300 Index of mainland shares fell 2.5% through Wednesday before markets closed for holidays. The ...
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Date : 2023-06-26
China's economy is floundering – and that could be bad news for Wall Street.
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[WORLD NEWS] 50 Largest Economies in the World in 2023_June 19, 2023
Date : 2023-06-20
In this article, we look at the 50 largest economies in the world in 2023. To skip our detailed analysis, head directly to the 10 Largest Economies in the World in 2023. Gross Domestic Product (GDP) is the market value of all finished goods and se...
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Date : 2023-06-20
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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[WORLD NEWS] Europe Faces an Inflation-Regime Reckoning Over Climate Goals_June 17, 2023
Date : 2023-06-20
The transition to a lower-carbon economy may fuel inflation — but raising interest rates in response to that could hinder investment in cleaner energy. So monetary policy and efforts to save the planet risk working against each other, casting a shado...
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[WORLD NEWS] China’s economy is on course for a 'double dip'_June 19, 2023
Date : 2023-06-20
China prides itself on firm, “unswerving” leadership and stable economic growth. That should make its fortunes easy to predict. But in recent months, the world’s second-biggest economy has been full of surprises, wrong-footing seasoned China-watchers...
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[WORLD NEWS] Goldman Says Markets Too Optimistic on Pace of US Inflation Drop_June 17, 2023
Date : 2023-06-20
Investors could be assuming that a sharp deceleration in growth will lead to a more rapid easing of price pressures, and tending to be more bearish on energy prices than what is implied by commodities futures, strategists led by Praveen Korapaty wrot...
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Date : 2023-06-20
West Coast port management and the labor union representing port workers reached a tentative deal late on Wednesday after the intervention of California labor market pro and Biden acting Labor Secretary Julie Su in the negotiations in San Francisco, ...
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[OCEAN] Summer Just Started, But the Rhine River is Already Starting to Dry Up_June 16, 2023
Date : 2023-06-20
The German summer may officially be just two weeks old but the Rhine river — a vital artery for the country and other parts of inland Europe — is already seeing water levels low enough to restrict trade. The measured water-level at Kaub, a key cho...
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[OCEAN] China's port throughput boosted by foreign trade growth_2023-06-18
Date : 2023-06-20
Amid the heat of a summer morning, Huang Zhiyi, a 34-year-old container crane operator, hopped on an elevator to reach his workstation 50 meters above the ground and started the day of "heavy lifting". All around him, the usual bustling scene was in ...
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[OCEAN] Asia-US container rates pull back; USWC ports, dockworkers agree to new deal_16-Jun-2023
Date : 2023-06-20
Shipping container rates from east Asia and China to the US pulled back after surging last week, West Coast ports and dockworkers reached agreement on a new six-year deal, and trucking analysts said the spot market likely bottomed out in April, highl...
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Date : 2023-06-20
The Drewry World Container Index took its largest ever weekly dive of 5.3% to end at US$1,592, its lowest in 36 months, as transpacific rates returned to lead the weekly dip. Despite the signaling looms of congestion in the US West Coast owing to ...
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[LOGISTICS] Borderlands: Exports of Mexican-built cargo trucks up 34% in May_June 18, 2023
Date : 2023-06-20
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Exports of Mexican-built cargo trucks up 34% in May; a California commercial border crossing project receives $140 millio...
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[OCEAN] WORLD BANK_THE CONTAINER PORT PERFORMANCE INDEX 2022
Date : 2023-06-20
The purpose of the CPPI is to help identify opportunities to improve a terminal or a port that will ultimately benefit all public and private stakeholders. The CPPI is intended to serve as a benchmark for important stakeholders in the global economy,...
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[OCEAN] Cai Mep International Terminal marks new productivity record_June 15, 2023
Date : 2023-06-20
Vietnam's Cai Mep International Terminal (CMIT) handled nearly 7,000 TEUs of import, export, transshipment and empty containers, setting a new productivity record of 233 containers/hour, with Maersk Emden in the TP6/Pearl service of the 2M Alliance, ...
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[LOGISTICS] Cyclone shutters already congested ports on India's busy west coast_12/06/2023
Date : 2023-06-20
All Indian ports along the coastline of Gujarat have halted operations until further notice in the wake of Cyclone Biparjoy heading towards the country’s north-west corridor. The affected ports are some of the country’s leading container handlers,...