FINWIRES · TerminalLIVE
FINWIRES

Cargo Traffic to Los Angeles Port Expected to Rise in Week Ending Aug. 15

By

Cargo traffic at the Port of Los Angeles is expected to rise in the week ending Aug. 15, according to data from ship-tracking system Port Optimizer.

A total of 138,463 20-foot equivalent units, a standardized measure of cargo capacity, are projected to reach the port in the week, the data showed. That volume reflects a 11% increase from the previous week and a 22% rise from a year earlier.

Twenty-six freight vessels are scheduled to arrive at the port in the week ending Aug. 15, the data showed. That compares with 21 vessels scheduled this week and 22 in the week ending Aug. 8.

US President Donald Trump said Friday the US will immediately launch a Section 301 investigation into what he called the European Union's treatment of American companies. Trump said the administration anticipates reversing the penalties and imposing a substantial tariff on the European Union "at the earliest possible moment."

The US Federal Communications Commission issued a sweeping ban blocking all new Chinese-made advanced robotic devices, which directly impacts all humanoid robots and robot home gadgets.

Related Articles

International

Singapore's Unemployment Rate Steadies at 2% in Q2

Singapore's unemployment rate remained unchanged in the second quarter at 2% from the previous quarter, according to preliminary data from the Ministry of Manpower released Friday.The reading matched the Trading Economics forecast of 2.1%.Total employment grew by 10,700 during the second quarter of the year, compared with 10,400 a year earlier.

^STI
International

New Zealand Lending Rises in June Amid Broad-Based Loan Growth

New Zealand's lending from registered banks and non-bank lending institutions increased in June, driven by growth in housing, business, and agricultural lending, while personal consumer lending edged lower compared with the previous month, according to data from the Reserve Bank of New Zealand released on Friday.Total housing loans from registered banks and non-bank lending institutions in New Zealand grew to NZ$400.51 billion in June from NZ$399.03 billion in May. Total personal consumer lending fell to NZ$14.45 billion in June from NZ$14.46 billion in the previous month.Total business lending increased to NZ$143.18 billion in the period, from NZ$143.13 billion. Meanwhile, agricultural lending rose to NZ$64.5 billion in June, from NZ$63.16 billion in the previous month.

^NZ50
International

Bank of Japan Maintains Benchmark Interest Rate at 1%

The Bank of Japan voted to maintain its benchmark policy rate at 1.00% at the conclusion of its monetary policy meeting on Friday.The decision matched the consensus forecast tracked by Investing.com.The policy board decided, in an 8-1 vote, to continue guiding the uncollateralized overnight call rate to remain until the next monetary policy meeting.

Nikkei 225