Series of defections rock Hong Kong investment bank, but shock waves have not hit shipowner
Specifically, according to the report, in Q4 of 2018, almost 68% of all spot VLCC trade originated out of the Middle East Gulf and Red Sea, compared to 14% out of West Africa and nearly 15% out of the US Gulf and Latin America.
The Initiative boosts the countries’ investment, as in Sri Lanka, almost $200 million of Chinese funding went in the country’s...
Daily Overview of Global Markets & the SEE Region (Monday, 15 July, 2019)
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Notwithstanding Fed Chair Jerome Powell’s unambiguously dovish tone at his semi-annual testimony mid-last week, US Treasury yields continued to rise in early trade today, amid reduced expectations for an aggressive 50bps rate cut at the 30-31 July FOMC meeting following the firmer-than-expected US June core inflation report late last week. Along these lines,...
New Zealand terminal wants to build a new wharf to berth bigger ships.
This pioneering initiative forms part of Piraeus Bank’s continued commitment to the shipping community, through investment of international capital into existing opportunities and new financing to the shipping industry,
…the Bank explained in an official statement.
The initiative aims at positioning Piraeus Bank at the forefront of servicing the needs of Greek shipping clients.
Darrell Delamaide on the Fed, David Marsh on the ECB, and more
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world