Iron ore set for weekly loss as US-China trade war dents demand outlook
Iron ore futures flitted sideways on Friday, but were on track for a weekly loss, as escalating trade tensions between…
Baltic Index Logs Fourth Weekly Loss On Lower Panamax, Supramax Demand
The Baltic Exchange’s dry bulk sea freight prices rose slightly on Friday, even as the index marked its fourth straight…
China’s Xi to visit Southeast Asia as trade conflict with US widens
Chinese President Xi Jinping begins a three-nation tour of Southeast Asia next week, his first overseas trip this year, aiming…
Trade war could cut German GDP more than 1%, economic institute says
A trade conflict based on blanket 25% tariffs could cut economic growth in Germany by more than 1 percentage point,…
German finance minister: EU is ready to respond if trade talks with U.S. unsuccessful
The European Union will be ready to respond to U.S. tariffs if negotiations with the United States do not work,…
UK growth surges in February despite tariff uncertainty
Finally, some good news to end the week: the UK economy grew substantially faster than expected in February. Monthly GDP…
US March budget deficit falls to $161 bln, customs revenue rises
The U.S. government posted a $161 billion budget deficit for March, down 32% or $76 billion from a year earlier,…
EU pledges unity on trade challenges, notes US tariffs harder on own economy than on EU
With higher U.S. tariffs postponed by 90 days, European Union finance ministers pledged unity on Friday in negotiating a trade…
Greece to repay first bailout loans by 2031, 10 years early
Greece will pay off loans granted under the first of three debt-crisis bailouts by 2031, two government officials told Reuters,…
Trump tariff pause won’t change fundamentals for a Fed that sees risks ahead
President Donald Trump’s pause on some of his new import taxes may have lessened the stress that had been building…