Chinese Exports Swell Ahead of US Tariffs That Will Snarl Trade

China's exports rebounded in March, providing a boost to the economy ahead of the massive tariff hikes imposed against it by the US this month.
Exports in dollar terms rose 12.4% from a year earlier, the customs authority said Monday, well above the 4.6% gain projected by economists. Imports slumped 4.3%, worse than the 2.1% forecast decline. That left a trade surplus of $102.6 billion last month.

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Skift

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• Skift

Indian Regulator Cites Air India for Past Safety Lapses, Removes 3 Officials

While the June 12 crash is a separate issue, wider scrutiny of safety practices may bring more such checks in the coming months. Skift's coverage of the Air India crash is offered free to all readers. India's aviation regulator on Saturday ordered Air India to remove three senior employees from crew scheduling duties, citing previous violations of pilot rest and licensing rules. The action is not directly related to the June 12 crash of AI 171 crash in Ahmedabad, which brought additional scrutiny to Air India's operations. The Directorate General of Civil Aviation (DGCA) said multiple violations were discovered after Air India switched its internal crew scheduling software last year. 'Repeated and serious violations (were) voluntarily disclosed by M/s Air India concerning flight crew being scheduled and operated despite lapses in licensing, rest, and recency requirements,' the DGCA said. In aviation, "recency" refers to the requirement for pilots to have recently performed takeoffs and landings or simulator sessions to maintain valid licenses. The regulator said the findings point to systemic failures in crew scheduling and internal oversight. Who Was Held Responsible? The DGCA ordered Air India to remove three officials from operational roles and launch disciplinary action against them within 10 days. One was Vice President of the Integrated Operations Control Centre (IOCC), the central hub of an airline's day-to-day operations that brings together key departments like crew scheduling, maintenance, and network planning to ensure flights run safely and in line with regulations. In a short statement, Air India said it has followed the regulator's order. 'We acknowledge the regulator's directive and have implemented the order. In the interim, the company's Chief Operations Officer will provide direct oversight to the IOCC,' an Air India spokesperson said. No further details were shared by the airline. The DGCA order also warned that, 'Any future violation... will attract strict enforcement action, including but not limited to penalties, license suspension, or withdrawal of operator permissions.' A Show-Cause Notice In a separate but related matter, the DGCA also issued a show-cause notice to the airline. This was for Flight AI133 from Bengaluru to London on May 16 and 17. DGCA said both flights had exceeded the 10-hour limit set for crew flight time, a clear violation of existing safety rules. The DGCA said the airline must explain why action should not be taken for these violations. If Air India fails to reply within seven days, the DGCA could act on the matter without further input. In an update on Saturday, Air India said it has started releasing interim financial support to families affected by the June 12 crash of its Boeing 787-8 aircraft in Ahmedabad. The airline had announced an interim payment of INR 2.5 million (around $29,000) each to the families of the deceased and to the sole survivor, to help address immediate financial needs. This amount is separate from the INR 10 million (approximately $116,000) support already announced by Tata Sons. The airline said a centralized help desk, set up on June 15, is managing the compensation process. This single-window system is helping families by speeding up paperwork and guiding them through the claim process. 'The interim compensation began being released from 20 June 2025,' Air India said. 'Three families have received payments so far, and the remaining claims are currently being processed.' The help desk is also working with local authorities and insurance representatives to avoid delays and reduce the burden on families during this period.

Yahoo

2 hours ago

• Yahoo

Soybeans Soften Late to Close with Fractional Gains

The soybean market is trading with 3 to 5 cent gains early on Friday, with strength out of the Juneteenth holiday break. Soybeans closed the Wednesday session with contracts fractionally higher. Preliminary open interest was up 6,070 contracts, as July was down 9,391 contracts, and November was up 11,509. The cmdtyView Cash Bean price is up 1/2 cents to $10.26 1/2. Soymeal futures were down 10 to 30 cents/ton. Soy Oil was down 2 to 11 points higher on Wednesday. July options expire today. The next week is looking for heavy rains from NE, the southeast corner or SD, MN, WI and parts of MI in the next week totaling from 1 to up to 5 inches in some parts. The Southern Plains, through MO and the Eastern Corn Belt is looking at little totals. Heat is expected to hit much of the Corn Belt, with the 5-10 day looking 7-15˚F in in the ECB. What We Know About Soybeans Sugar Futures Remain Bearish- Can the Sweet Commodity Rally? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This morning's Export Sales report is expected to show between 0 and 400,000 MT of old crop soybeans in that week, with 0 to 200,000 MT for 2025/26. Soybean meal sales are seen at 150,000 to 450,000 MT, with 0 to 32,000 MT for bean oil. Chinese soybean imports in May totaled 12.11 MMT from Brazil, well above last years according to the country's customs data. Imports originating from the US were 11.7% higher yr/yr to 1.63 MMT. Jul 25 Soybeans closed at $10.74 3/4, up 3/4 cent, currently up 3 3/4 cents Nearby Cash was $10.26 1/2, up 1/2 cent, Aug 25 Soybeans closed at $10.76 3/4, up 1/2 cent, currently up 4 1/4 cents Nov 25 Soybeans closed at $10.68 1/4, up 1/2 cent, currently up 4 1/2 cents New Crop Cash was $10.14 1/4, up 1/2 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on

Yahoo

2 hours ago

• Yahoo

BofA Trimmed Lululemon Target to $370, Should Have Lowered the Buy Rating

BofA Securities has lowered its price target on Lululemon (NASDAQ: LULU) from $400 to $370 while maintaining a Buy rating a couple of weeks ago. The revision followed updated guidance from the company, which kept its fiscal 2025 sales forecast intact but trimmed its earnings outlook by 2.5%. The new EPS range stands at $14.58 to $14.78. The adjustment was supposed to show expected pressure from tariffs and a slightly more promotional retail landscape. Tariffs are forecast to reduce margins by 40 basis points this fiscal year, with a sharper 60 basis point hit expected in Q2. Mitigation efforts are slated to start in the second half. Despite the earnings revision, BofA remained upbeat on the company's broader trajectory. Sales plans are reportedly on pace, and early product launches have shown promise, with more scale expected in the coming months. Management also plans targeted price hikes and sourcing improvements to protect margins. LULU shares lost 30% of their value since BofA's call and currently trade at a trailing P/E of 15. While we acknowledge the potential of LULU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data