US service sector sags in June as orders sink
A measure of U.S. services sector activity slumped to a four-year low in June amid a sharp drop in orders,…
Euro zone business growth slowed sharply in June, PMI shows
Overall business growth across the euro zone slowed sharply last month as a solid expansion in the bloc’s dominant services…
Fed’s Williams skeptical neutral rate has risen
Federal Reserve Bank of New York President John Williams said on Wednesday that the level of interest rates that’s neutral…
US overnight funding rate hits highest since January
A measure of the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market…
Capacity repositioning to east-west trades sends India-Middle East rates soaring
NVO sources who spoke with the Journal of Commerce noted that carriers active on the regional trade lane have pulled…
Russia’s ultra low-sulphur diesel exports from Primorsk to fall on daily basis, traders say
Russia’s exports of ultra low-sulphur diesel (ULSD) from the Baltic Sea port of Primorsk in July are set to reach…
Egypt receives first fuel shipment to combat power cuts
Egypt received a shipment of liquefied natural gas (LNG) in the first of 21 fuel deliveries intended to bolster the…
Indonesia’s Pertamina seeks Sept-Dec term gasoil supplies, sources say
Indonesia’s state-owned energy major Pertamina is seeking term supplies of 10ppm sulphur gasoil for delivery between September and December, two…