Latest Commodity markets News

Trump calls for 100% tariffs on cars made in Mexico as part of US manufacturing plan

Sep. 24, 2024 18:35 PM EDT

SAVANNAH, Ga. (AP) — Donald Trump on Tuesday pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs to boost auto manufacturing — despite warnings that domestic consumers would pay more and a lack of...

African Development Bank approves $1B loan to South Africa's state-owned rail and ports company

Jul. 18, 2024 09:16 AM EDT

CAPE TOWN, South Africa (AP) — The African Development Bank said Thursday it had approved a $1 billion loan to South Africa's state-owned rail and ports company, Transnet. The 25-year loan was wholly guaranteed by the South African government and will help finance the first phase...