Shipping costs for raw materials and agricultural products advanced the most in 11 weeks as strengthening demand for vessels to load iron ore caused freight costs for the steelmaking raw material to surge.
Former Honduran President Manuel Zelaya, ousted in a 2009 coup, rejected official election results showing his wife, Xiomara Castro, losing the presidential vote with more than half the precincts reporting.
Bipartisan resistance in Congress to granting President Barack Obama fast-track authority to negotiate trade agreements won’t jeopardize a Pacific-region trade pact, U.S. Commerce Secretary Penny Pritzker said today.
Juan Orlando Hernandez, a lawyer and former head of Congress, is leading the presidential election in Honduras over the wife of ousted former President Manuel Zelaya, with both candidates claiming victory.
Senate Environment and Public Works Chairman Barbara Boxer said she is “very optimistic” lawmakers will agree on a bill to authorize as much as $12.5 billion for dredging U.S. harbors and waterways, flood control and environmental restoration.