international-trade
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BusinessCarrefour Eases Brazil Tensions After CEO’s Meat Snub
Factbox-Global Companies That Might Be Affected by Trump’s Promised Tariffs
Date: November 26, 2024
(Reuters) -President-elect Donald Trump on Monday pledged tariffs on the United States’ three largest trading partners – Canada, Mexico and China – detailing how he will implement campaign promises that could trigger trade wars. Here are companies which may be affected (by sector, in alphabetical order): AUTOMAKERS AUDI Volkswagen’s Audi plant in San Jose Chiapa,...
Brazilian Meat Suppliers Stop Deliveries to Local Carrefour Retailers, Media Say
Date: November 25, 2024
By Ana Mano SAO PAULO (Reuters) – Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour group in Brazil after the retailer’s global CEO vowed to keep South American meat off its shelves in France in solidarity with French farmers, according to local media reports that cited anonymous industry sources. One of the reports...
Brazil Blasts Carrefour Over Vow to Keep Mercosur Meat Off Shelves
Date: November 22, 2024
By Lisandra Paraguassu and Luana Maria Benedito BRASILIA (Reuters) – Brazil’s government has blasted French retailer Carrefour after its CEO vowed to keep South American meat off its shelves in France in solidarity with farmers, calling the comments part of a wider push to undermine a pending trade deal. Agriculture Minister Carlos Favaro called the...
Oil Prices Edge up on Geopolitical Tensions; Higher-Than-Expected US Inventories Cap Gains
Date: November 21, 2024
By Siyi Liu SINGAPORE (Reuters) – Oil prices rose marginally on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine countered the impact from a bigger-than-expected increase in U.S. crude inventories. Brent crude futures rose 16 cents, or 0.2%, to $72.97 as of 0408 GMT. U.S. West Texas Intermediate crude futures rose 16...
British PM Starmer to Visit Saudi Arabia, UAE to Boost Investment, Source Says
Date: November 20, 2024
DUBAI (Reuters) -British Prime Minister Keir Starmer will travel to Saudi Arabia and the United Arab Emirates next month, a source briefed on the plans said on Wednesday, as Britain seeks to deepen ties with the wealthy Gulf states. Another source briefed on Starmer’s UAE travel plans confirmed the UAE visit. Both sources spoke on...
Allianz Trade Global Trade Outlook
Date: November 19, 2024
Following the results of the US elections, US-China relations will remain tense and continue to fragment global trade. A renewed but contained trade war could bring nominal global trade growth below 5% in 2026 (-0.6pp), with USD67bn of exports at risk in Europe and China in 2025-26 (half of the global total). Over the past...