The Trump administration will impose tariffs on about $11 billion of imports from the European Union in retaliation for Airbus SE subsidies. (WSJ)
Iron ore prices reached a near five-year high on an emerging shortfall from mining hubs in Brazil and Australia. (WSJ)
Factory orders in the U.S. fell in February for the fourth time in five months. (MarketWatch)
Fiat Chrysler Automobiles NV will count Tesla Inc. electric cars in its fleet to avoid significant fines for violating European emissions rules. (WSJ)
The U.S. designated Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organization. (WSJ)
German car-parts maker ZF Friedrichshafen AG expects to pay higher taxes once it closes its acquisition of Wabco Holdings Inc. (WSJ)
Edward Lampert wants to buy the roughly 41% of Sears Hometown and Outlet Stores that he and his hedge-fund don’t currently own. (WSJ)
Walmart Inc.’s Mexico unit has pressured food suppliers to pull their products from Amazon.com Inc.’s marketplace. (Reuters)
Japanese jet-engine supplier IHI Corp. found 7,000 flawed inspections of engines and parts in a growing scandal over maintenance work. (Nikkei Asian Review)
Jewelry chain owner Signet Jewelers is closing up to 150 stores this year. (Dallas Morning News)
New York City is upgrading infrastructure used by the New York & Atlantic Railway to spur more use of the short line as an alternative to truck transport. (New York Times)
China’s demand for natural gas is forecast to grow 14% this year. (South China Morning Post)
China is turning to Brazil to make up for declining oil imports from other sources. (Splash 247)
Brazil auctioned off six port terminals in a growing privatization push. (Lloyd’s List)
China Merchants Port Holdings’ net profit rose 20.2% last year despite declining container throughpout at three terminals. (Container Management)
Corn exports through the Port of Vancouver, Wash., soared 61% last year. (Port Technology)
Teekay Corp. Chairman Sean Day is stepping down after 18 years at the top of the tanker operator. (TradeWinds)
Maritime fleet management technology startup Nautilus Labs raised $11 million in a Series A funding round. (American Shipper)
Australia-based Toll Global Forwarding is closing four U.S. offices and laying off workers there. (The Loadstar)
Oatly Inc. is opening a New Jersey factory that could mitigate a U.S. oat milk shortage. (Bloomberg)
|