UAE, Israel export credit agencies sign agreement to boost trade

© Reuters. The flags of the U.S., United Arab Emirates, Israel and Bahrain flutter along a road in Netanya DUBAI (Reuters) – The export credit agencies of the United Arab Emirates (UAE) and Israel have signed a cooperation agreement to develop economic relations between the two countries, the UAE’s state news agency WAM said. Etihad […]

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Canada export agency sees 2021 global rebound, but domestic energy sector to suffer

© Reuters. Cargo ships anchor outside the Port of Vancouver OTTAWA (Reuters) – Canada’s export development agency on Thursday predicted global growth of 6.6% in 2021 after a 4.3% decline this year amid the coronavirus pandemic, but said the domestic energy and tourism sectors would suffer. Export Development Canada (EDC), in a semi-annual forecast, said […]

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Exclusive: Argentina farm minister says no plan to hike grains export taxes

By Hugh Bronstein BUENOS AIRES (Reuters) – Argentina does not plan to increase grains export taxes despite the government’s need for revenue as the coronavirus pushes the country into a deep recession this year, Agriculture Minister Luis Basterra told Reuters on Wednesday. Farmers in the vast Pampas grains belt had worried that the cash-strapped government, […]

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Will US Export and Import Volumes Rebound in May along with Retail Sales? Freight Data says it may not

While the US retail sales posted a record monthly gain (+17.7%, 8% exp.) in May, the US foreign and domestic trade appears to be too slow to adjust to the unexpected jump, shows freight data for May. Cass Freight Index sluggishly bounced from 0.92 points in April to 0.94 points in May. The average value […]

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