Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
World Economy News
The latest news in global trade, including trade deficits, production and orders indexes, exports, manufacturing and more.
News & Analysis
22 May 2013
Japan’s exports to the United States rose for the fourth straight month in April on a year-on-year basis, surging 14.8 percent to 1.101 trillion yen ($10.69 billion), according to preliminary figures released by the Finance Ministry.
21 May 2013
India and China have signed three memorandums of understanding regarding buffalo meat, fisheries and pharmaceuticals, as well as one agreement on feed and feed ingredients...
16 May 2013
The Japanese economy grew 0.9 percent in the January-March quarter from the preceding quarter, or at an annualized pace of 3.5 percent, in real terms, the Cabinet Office said in a preliminary report on May 16.
16 May 2013
U.S. manufacturing and agricultural exports to Colombia are on the rise, as the trade agreement between the two nations reaches its one-year mark, according to Acting U.S. Trade Representative Demetrios Marantis.
16 May 2013
Despite its efforts to boost grain yields for the 10th consecutive year, China — the world's largest rice consumer — is expected to become also the largest rice importer in 2013/14, according to a newly released report by the U.S. Department of Agriculture.
13 May 2013
India’s trade deficit in April totaled $177.87 billion, widening from a deficit of $140.41 billion in April 2012.
09 May 2013
The Indian Ministry of Commerce and Industry has scaled back its export target for fiscal year 2013-14 from an original estimate of $500 billion to $325 billion.
07 May 2013
In seasonally adjusted terms, Australia had a goods and services trade surplus of A$307 million (about US$312.5 million) in March, a turnaround of $425.5 million on the deficit in February...
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