US producer prices surge in April on strong services, goods
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management…
India April wholesale price index rises at fastest pace in a year
India’s wholesale price-based inflation INWPI=ECI rose 1.26% inApril, the highest pace in a year, mainly driven by food and primary…
Delayed Fed cuts could also slow ECB, Wunsch says
The European Central Bank’s first two interest rate cuts are a “no brainer” but slower than expected policy easing in…
BoE might consider rate cut during the summer, chief economist says
The Bank of England might be able to consider cutting interest rates over the summer although Britain’s labour market remains…
US trade chief recommends higher tariffs to address China’s ‘unfair’ practices
U.S. Trade Representative Katherine Tai on Tuesday recommended highertariffs on a range of Chinese goods and called for expanded enforcementto…
Mixed UK labour market signals leave BoE on rate cut alert
British wages grew by more than expected, according to data published on Tuesday, but other figures suggested the labour market…
Failed electrical breaker triggered Dali crash: NTSB
A preliminary federal investigation found the use of a different breaker configuration than had been previously in use onboard the…
Port NOLA CEO stepping down amid major expansion
Brandy Christian led the Port of New Orleans during the acquisition of its on-dock rail network and spearheaded the development…
Trans-Pacific carriers slashing NVO allocations as spot rates spike
Trans-Pacific carriers are restricting forwarders’ access to fixed “named-account” rates and pushing bookings to the much higher spot market pricing.
Maersk’s new Rotterdam cross-dock speeds integrator offerings
Containers offloaded from ships calling at APM Terminal’s Maasvlakte II terminal can be palletized and in trucks “within hours,” thanks…