China’s currency dropped to below the critical level of 7 yuan to the dollar today and hit a record low for offshore trading. (WSJ)
The U.S. unemployment rate remained steady at 3.7%. (WSJ)
A measure of American consumer sentiment ticked slightly higher in July. (WSJ)
U.S. trade with China fell by double digits in the first half of the year, pushing China below Canada and Mexico among top American trading partners. (WSJ)
Canadian exports and imports fell in June at the steepest rate in two years. (WSJ)
Copper prices sank 3.9% to a two-year low. (WSJ)
American officials signed a deal to open the European Union to more U.S. beef exports. (WSJ)
Iran seized an unidentified tanker in the Persian Gulf on an accusation that it was smuggling fuel. (WSJ)
EBay Inc. is suing three Amazon employees it claims worked to illegally recruit its third-party sellers. (WSJ)
Honda Motor Co. is cutting production of sedans at its Maryville, Ohio, plant. (WSJ)
Aluminum components maker Arconic Inc. boosted its profit outlook on stronger aerospace parts demand. (WSJ)
Japanese manufacturer Kyocera will move production from China to Vietnam to avoid U.S. tariffs and Sony Corp. and Sharp. Corp. are considering simliar moves. (Nikkei Asian Review)
Amazon is stopping fulfillment through the one-touch Dash buttons it had used for consumer goods. (MarketWatch)
Amazon opened a 1.1 million-square-foot distribution center in Tepotzotlan, Mexico, the company’s third in the country. (Mexico News Daily)
Tire manufacturer Michelin will sell a commercial version of the container-tracking system it created for its own shipments. (DC Velocity)
Drewry Shipping Consultants Ltd. projects 4.4% average annual growth in container volumes over the next five years. (Seatrade Maritime)
Japan’s Mitsui OSK Lines is researching use of synthetic methane as an alternative to fossil fuels to reduce carbon emissions. (Lloyd’s List)
South Korea plans to spend $35 billion over the next 20 years to expand capacity at its seaports. (Seatrade Maritime)
German authorities seized 4.5 tons of cocaine in a shipping container that had arrived at the Port of Hamburg from Uruguay. (The Guardian)
XPO Logistics Inc. raised its adjusted earnings outlook while lowering its projected revenue growth for the year. (The Loadstar)
A jury ordered a unit of Knight-Swift Transportation Holdings Inc. to pay fellow trucker CRST Expedited $15 million for recruiting drivers under contract to CRST. (Commercial Carrier Journal)
Scandinavian fashion retailer Carlings is selling digital-only clothing for up to $33 an outfit. (CNBC)
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