GOLDMAN Sachs Group Inc. economists lowered the probability of a US recession in the next year to 20 percent from 25 percent, citing this week’s retail sales and jobless claims data.

Spot silver surpassed $30 an ounce to hit the highest level in more than a decade.

ABOUT 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs.

Asia-Pacific lenders expect syndicated loan volume to rise in 2024, as merger and acquisition activity rebounds and more companies engage in cross-border investments.

Vladimir Putin is testing the waters on whether the US is ready to engage in talks for ending Russia’s war in Ukraine.

Boeing Co. won an order for 150 Max jets from India’s newest airline, in a rare spot of good news for the US planemaker since a piece of fuselage blew off an Alaska Airlines flight almost two weeks ago.  

China looks all but certain to hit its growth goal of about 5 percent for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year. 

Rice prices reached a fresh 15-year high on mounting concerns that increased demand and the impact of El Niño will further tighten supplies of the grain that is a staple for billions across Asia and Africa.

BYD Co. plans to build its first European car factory in Hungary, part of a push by the Chinese electric-vehicle powerhouse to challenge Tesla Inc. as the dominant maker of battery-powered cars.

SHARES in the biggest global sportswear brands tumbled after Nike Inc. said it would slash jobs in response to weaker sales.

Brazil has overtaken the United States as the leading shipper of corn to China, just a year after the world’s top importer gave the go-ahead for supplies from the South American country.

Arm Holdings Plc has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move.

Cocoa farmers in Brazil are getting ready for a dramatic comeback.

RUSSIAN firms based in the United Arab Emirates are coming under greater scrutiny from local banks as the Gulf state faces increased US pressure to tackle sanctions evasion and ramps up efforts to get off a global organization’s watch list.

India, the world’s top rice exporter, is expected to maintain its curbs on overseas sales well into next year, a move likely to hold the staple grain at close to its highest price levels since the food crisis of 2008.

Ships carrying everything from consumer goods to food and fuel in and out of the European Union will soon face hefty emissions bills.
The post Big emissions bills are coming for ships sailing in Europe first appeared on BusinessMirror.