BLOOMBERG Political tensions between the US and China are contributing to lower container shipments between the world’s two largest economies, on top of an already-underway reshaping of global trade, according to a major shipping industry boss. “We are seeing a de-leveraging of trade between the US and China,” Jeremy Nixon, chief executive officer of Ocean Network Express, said at the ...

BLOOMBERG Taiwan’s industrial production plunged in March, weighed down by a manufacturing sector struggling to overcome a slump in global demand. Industrial output shrank 14.5% last month compared to a year ago, the Economics Ministry said in a statement. Economists surveyed by Bloomberg had forecast a 12.3% drop. March’s decline was the biggest contraction since May 2009 — in the ...

BLOOMBERG Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani’s conglomerate since it was targeted by a short seller in January. Adani Ports & Special Economic Zone Ltd plans to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four ...