international-trade
Top StoriesOil Starts Week Lower After Israel Says ‘concluded’ Gaza Strikes
Top StoriesBritain Extends Tariff-Free Trade With Ukraine to 2029
Top StoriesAnalysis-What’s the Beef? Canada Talks Stall as Britain Toughens Trade Approach
Top StoriesRed Sea Trade Disruption Hits Energy Sector After Strikes on Houthis
Oil Rises 2% as Some Tankers Avoid Red Sea After Strikes
Date: January 12, 2024
Oil rises 2% as some tankers avoid Red Sea after strikes By Arathy Somasekhar HOUSTON (Reuters) -Oil climbed more than 2% on Friday, as some oil tankers diverted course from the Red Sea following overnight air and sea strikes by the United States and Britain on Houthi targets in Yemen after attacks on shipping by...
Share of Russian Aluminium in Lme Warehouses Rises to 90% After UK Curbs
Date: January 10, 2024
Share of Russian aluminium in LME warehouses rises to 90% after UK curbs By Polina Devitt LONDON (Reuters) -The share of available aluminium stocks of Russian origin in London Metal Exchange-approved (LME) warehouses rose to 90.4% in December from 78.8% in November, data on the exchange’s website showed on Wednesday. The rise follows a restriction...
Factbox-How Companies Are Responding to Attacks on Ships in the Red Sea
Date: January 10, 2024
Factbox-How companies are responding to attacks on ships in the Red Sea (Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia. The attacks, targeting a route that accounts for about 15% of the world’s shipping traffic, have pushed several shipping companies...
Red Sea Shipping Workarounds Add Costs, Delays for Suppliers, Retailers
Date: December 28, 2023
Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea. Suppliers...
Oil Stabilises as Investors Watch for Red Sea Developments
Date: December 27, 2023
Oil stabilises as investors watch for Red Sea developments By Robert Harvey LONDON (Reuters) -Oil prices stabilised on Wednesday after the previous day’s strong gains as investors monitored Red Sea developments, with some major shippers resuming passage through the trade route despite continued attacks and broader Middle East tensions. Brent crude futures was down 17...
Kenya, EU Advance Economic Partnership Agreement to Boost Trade
Date: December 18, 2023
Kenya, EU advance economic partnership agreement to boost trade NAIROBI (Reuters) – Kenya and the European Union moved closer to sealing an Economic Partnership Agreement that will grant the East African nation’s exports duty-free status and unlimited access to the bloc, officials said on Monday. Both sides had initialled a draft deal in June after...