WTO warns of global trade slowdown as indicator hits nine-year low

Geneva - A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday


Turkmenistan slashes oil exports

Moscow - Turkmenistan exports about 200,000 tonnes of oil per month via the Caspian to world markets, mainly from fields operated by the UAE’s ENOC and Italy’s Eni, but flows have halved in recent weeks


European lawmakers say NordLB rescue may involve State aid

Brussels - The recapitalization of Germany’s NordLB bank should be investigated by the European Commission as it likely involved state aid that might have violated European Union rules, two EU lawmakers said on Tuesday


Brexit, Honda to close UK plant with the loss of 3,500 jobs

London - Japanese carmaker Honda is set to announce the closure of its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches


U.S. justice sentences Interorient

Washington - The Western District of Lousiana has convicted and sentenced Interorient Marine Services Limited to pay a 2 million dollars fine for maintaining false and incomplete records relating to the discharge of oil

Japan January export seen falling most in 2 years
Trafigura halts oil trade with Venezuela

Trafigura halts oil trade with Venezuela

Geneva - Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation’s energy sector, a source with direct knowledge of the matter said

DSV raises offer for Panalpina in logistics tug of war
Venezuela shifts oil ventures’ accounts to Russia
U.S. LNG export plants to ramp up natgas use as Gulf Coast fog clears