Mexico’s imports soared 17.6% in July on surging inbound petroleum and natural gas shipments. (WSJ)
The Trump administration will make $4.7 billion in payments to U.S. farmers to offset losses from trade battles. (WSJ)
Prices for livestock, dairy and other agricultural goods climbed after the U.S. and Mexico reached a trade agreement. (WSJ)
Private-equity firm One Rock Capital Partners LLC has been a winner in U.S. tariffs on imported paper that have triggered layoffs at American newspapers. (WSJ)
Warren Buffett’s Berkshire Hathaway Inc. is investing up to $357 million in Indian mobile-payments company One97 Communications Ltd. (WSJ)
Toyota Motor Corp. is set to invest about $500 million in Uber Technologies Inc. under an agreement to work jointly on driverless vehicle development. (WSJ)
A study suggests growing online competition could make retail prices less insulated from supply shocks. (WSJ)
Chaos in Brazil’s logistics sector is spreading, with exporters unable to get trucks to move goods to ports. (Financial Times)
Japanese companies are shifting production away from China to defend against higher U.S. tariffs targeting Beijing. (Nikkei Asian Review)
Brazilian trucking platform CargoX has raised $60 million in a new funding round led by The Blackstone Group. (Axios)
Some 12,000 Hyundai Heavy Industries workers walked off their jobs to protest layoffs at the South Korean shipbuilder. (Shipping Watch)
Noble Group shareholders approved a debt-restructuring plan that will hand over 70% of the equity in the commodities trader to senior creditors. (Splash 247)
Cosco Shipping Ports Ltd.’s net profit jumped 70.1% in the first half of the year, excluding one-off items. (American Shipper)
High demand for warehousing close to population centers is driving strong results for Australian real-estate companies. (Sidney Morning Herald)
Foxconn Technology Group is declining to say it still plans to build the type of factory in Wisconsin specified in its government contracts. (Milwaukee Journal-Sentinel)
|