European markets dipped slightly lower Thursday, following an initially positive start to 2025 trading. The pan-European Stoxx 600 index reversed earlier gains to trade 0.3% lower by 11:18 a.m. London time as regional bourses reopened after the New Year’s Day holiday. Banking stocks led losses, shedding over 2%, while autos also fell 1.8%. Oil and…
After two years of record drought conditions amid a challenging El Nino weather system which decimated vessel transits, the Panama Canal is experiencing a trade rebound. Ricaurte Vásquez, administrator of the Panama Canal Authority, tells CNBC the canal has changed its business model to optimize water usage and improve forecasting in an effort to restore…
A flag stall at the Yiwu Wholesale Market in Zhejiang province, China, on May 10, 2019. Aly Song | Reuters BEIJING — China emphasized the need for greater cooperation with the U.S., a day after it became clear President-elect Donald Trump would become the next leader of the White House. “The Chinese side is willing,…
Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. In the past, Trump has targeted tariffs at individual countries such as China or…
JAKARTA, – Indonesian authorities investigating graft have arrested a former trade minister turned government critic on suspicion of improperly granting a sugar import permit in 2015 that led to losses of $25 million. Indonesia arrests former trade minister in sugar import graft case Thomas Trikasih Lembong was named a suspect and arrested late on Tuesday…
