Reuters Iran’s condensate exports in July are expected to fall to the lowest in five months as major buyer South Korea scales back purchases of the ultra-light oil, trade sources said on Thursday. Robust demand for condensate, from South Korea in particular, helped drive a recovery of Iranian oil exports to a 4-1/2-year high in June, although the volume …

  Panama City, Panama / AFP With its capacity boosted by nearly three times, Panama’s enlarged canal — set to be inaugurated on Sunday — is expected to stimulate trade between the United States and Asia, and steal business from the rival Suez canal. “A good deal of the commerce between Asia and the east coast of the United States can …

  Bloomberg Colombia’s central bank raised its benchmark interest rate for a 10th consecutive month as consumer prices rose at the fastest pace since 2001 — while Finance Minister Mauricio Cardenas signaled that the tightening cycle was now over. In a majority decision, the seven-member board voted to raise the key rate a quarter-point to 7.5 percent, central bank Governor …