BOJ to forgo July rate hike, taper $152 bln per year, says ex-policymaker
The Bank of Japan is likely to trim bond buying by around 24 trillion yen ($152 billion) annuallyin new guidance…
India: Crude import bill up 21.4% in April-May
India’s crude oil imports in the first two months of the current fiscal increased by almost 6% to 43.1 million…
EU leaders to discuss top jobs with line-up seemingly set
European Union leaders will debate policy goals for the next five years from defence to the economy, and who to…
Italy May harmonised CPI confirmed at +0.8% y/y
Italian EU-harmonised consumer prices (HICP) rose 0.2% month-on-month in May and were also up 0.8% from the year earlier, official…
India and US to address barriers to trade and cooperation
India and the United States on Monday committed to action to address barriers to bilateral strategic trade, technology and industrial…
Russian-Uzbek billionaire Usmanov sues UBS in Germany, lawyer says
Russian-Uzbek billionaire Alisher Usmanov has filed a lawsuit against the bank UBS Europe SE in Frankfurt over what his lawyers…
Red Sea diversions and slower ports cause bigger-than-expected issues – will they last?
Since early May, shippers, forwarders/NVOs, ocean carriers and ports have experienced a return to capacity challenges, soaring spot freight rates,…
FBX Index June 2024: Looking forward
In May, the FBX index exhibited a consistent upward trend. The index commenced at $2,409 and concluded at $3,508 by…
Savannah’s intermodal share moves higher as carriers ‘embrace’ rail
The market share of loads entering or exiting the port’s Garden City Terminal on train has increased from a year…
Indian shippers brace for wave of carrier charges as capacity suffers
Forwarder sources believe that the upcoming weeks could prove challenging for bookings to the US East Coast, given that ONE’s…