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Massive backlog of vessels at Panama Canal as drought causes congestion

The Panama Canal, which connects the Atlantic Ocean with the Pacific Ocean and divides North and South America, is grappling with an unprecedented traffic jam as the number of vessels waiting to cross has surged to a staggering 154. The congestion has been triggered by ongoing drought conditions that have plagued the major shipping gateway […]

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Commodities brace for second week of scrutiny with Chinese economic data

Commodities are poised to undergo another round of scrutiny driven by China’s economic data, marking a second week of potential challenges. The forthcoming final reports on retail sales, employment, investment, and production, coupled with updates on the ailing property sector, are highly anticipated. The backdrop of last week’s startling declines in exports, imports, and deflation

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Concerns rise for China’s economy: Weak trade data and property woes loom large

China’s economic landscape has raised alarms for a second consecutive week, prompted by last week’s dismal trade data and confirmation of a slide into deflation. This led to a more than 3% drop in Chinese shares, marking the worst performance among major economies’ markets. The question now is whether this week will witness a recurrence

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