U.S. Import Prices Jump 0.9% In August, Much More Than Expected

Import prices in the U.S. saw another notable increase in the month of August, according to a report released by the Labor Department on Tuesday. The Labor Department said import prices climbed by 0.9 percent in August after jumping by an upwardly revised 1.2 percent in July. Economists had expected import prices to rise by […]

‘Shipments to China driving export recovery’

Asian economies leading uptick: Crisil The improvement in the country’s export numbers in July was led by a 78% spike in shipments to China and other Asian economies that had successfully contained the pandemic, Crisil said in a report. These destinations constitute 16% of the overall exports basket. The contraction in exports narrowed to -10.2% […]

U.S. Trade Deficit Narrows As Spike In Exports Outpaces Jump In Imports

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed in the month of June. The Commerce Department said the trade deficit narrowed to $50.7 billion in June from a revised $54.8 billion in May. Economists had expected the trade deficit to […]

Half of Vietnam’s Apparel Orders Cancelled in First Half of Year

Follow Bloomberg on LINE messenger for all the business news and analysis you need. Vietnamese apparel companies saw about 50% of international orders cancelled during the first half of the year due to the novel coronavirus outbreak, according to an emailed statement from the industry and trade ministry. International orders were halted mostly in May […]

U.S. Total Trade Slumps to Lowest Level in Almost a Decade

U.S. trade in goods and services plunged in April to the lowest level in almost a decade as the Covid-19 pandemic stifled demand and hindered logistics. Exports declined from the prior month by 20.5%, the biggest drop in comparable data back to 1992, to $151.3 billion. Imports decreased 13.7%, also the most since 1992, to […]

Israel Economy Takes Historic Hit But Tops Expectation for Worse

Follow us @middleeast for more news on the region. Israel’s economy started 2020 with its worst quarter in at least 25 years, after a near total economic shutdown at home and abroad amid the coronavirus pandemic hammered private consumption. Gross domestic product contracted a seasonally adjusted, annualized 7.1% in the first three months of the […]

Food Supply Fears Are Growing as Romania Bans Grain Exports

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Romania became the first country to cut off grain exports during the coronavirus pandemic, a dramatic move that could fan worries about the global food supply. The government passed […]

India Bans All Exports of Trump’s ‘Game Changer’ Virus Drug

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. India put a total ban on exports of hydroxychloroquine, a malaria drug that U.S. President Donald Trump has touted as a “game changer” in the fight against Covid-19. Exports […]

India Bans Exports of Trump-Backed Virus Drug as Demand Surges

In this article India’s government banned exports of hydroxychloroquine, as global demand surges for the malaria drug touted by U.S. President Donald Trump as a potential coronavirus treatment. Exports will be limited to fulfilling existing contracts, while certain shipments on humanitarian grounds may also be allowed on a case-by-case basis, according to a statement issued […]