What Lyons can bring to the Bank, Asia Infrastructure Forum 2019

Gerard Lyons

What Lyons can bring to the Bank, Asia Infrastructure Forum 2019

Thursday 19 September 2019 – Vol.10 Ed.38.3

Commentary: What Lyons can bring to the Bank

By Chris Papadopoullos in London

Gerard Lyons’ candidacy for governor of the Bank of England may look like a pro-Brexit ploy, a way to sneak Prime Minister Boris Johnson’s optimism into a pessimistic institution. But Lyons – who has never worked in a central bank – would bring some positive qualities. In the light of the Bank’s renewed...

https://www.allaboutshipping.co.uk/2019/09/19/what-lyons-can-bring-to-the-bank-asia-infrastructure-forum-2019/

ECSA: EU State Aid Guidelines ‘highly successful’

Following a report on Maritime Subsidies in OECD countries by the International Transport Forum (ITF) questioning the effectiveness of the EU state aid guidelines (SAG), ECSA noted that the SAG are a profoundly effective instrument to boost the European shipping sector in a highly competitive global environment.

These views are supported by publications such as the Oxford Economics’ Study on the Economic Contribution of the EU shipping industry to the European economy, growth and jobs,

…ECSA...

https://safety4sea.com/ecsa-eu-state-aid-guidelines-highly-successful/

GLOBAL & REGIONAL DAILY (Wednesday, 18 September 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 18, 2019

Global Markets

Market focus is on the outcome of the FOMC’s two-day policy meeting, which concludes later today. Awaiting the FOMC’s verdict, USTs were firmer across the curve, while the EUR/USD was hovering slightly above the 1.10 handle.

Greece

In an effort to tackle tax evasion the government is reportedly contemplating increasing the required amount for the tax-free threshold. The 10-year GGB yield continues its downward path closing at...

https://www.allaboutshipping.co.uk/2019/09/18/global-regional-daily-wednesday-18-september-2019/

S. Korea officially excludes Japan as trading partner

South Korea officially excluded Japan from its list of trade partners affecting the latter’s fast-track approvals in trade, meaning that South Korean companies will now have to submit five documents to win individual approval, which is more than the previous three, Yonhap news agency reports.

The news that S. Korea would downgrade Japan from its trading list follow Japan’s move on removing South Korea from its white list in late August, amid an escalating trade war between the world’s most...

https://safety4sea.com/s-korea-officially-excludes-japan-as-trading-partner/

Fed divided ahead of key meeting, Capital Structure Forum 2019

Fed divided ahead of key meeting, Capital Structure Forum 2019

Wednesday 18 September 2019  – Vol.10 Ed.38.2

Commentary: Fed divided ahead of key meeting

By Mark Sobel in Washington

The Federal Open Market Committee meeting on 18 September will probably result in a 25 basis point cut in the federal funds rate. The relevant question is what the Federal Reserve signals about the rate outlook beyond this month. Market participants, seeking validation, will focus on the FOMC statement. Uppermost on...

https://www.allaboutshipping.co.uk/2019/09/18/fed-divided-ahead-of-key-meeting-capital-structure-forum-2019/

New report assesses ways to enhance maritime subsidies effectiveness

New report assesses ways to enhance maritime subsidies effectiveness
The International Transport Forum (ITF) published a report providing an overview of direct and indirect subsidies available to maritime transport in OECD countries. The report analyzes if they provide value for taxpayers’ money and offers suggestions on how policy makers can improve the effectiveness of maritime subsidies.

What the report found

Maritime subsidies are related to support for national flags, seafarer employment, the competitiveness of maritime clusters, promoting high quality...

https://safety4sea.com/new-report-assesses-ways-to-enhance-maritime-subsidies-effectiveness/