Germany’s economic struggles deepen: A back-to-back recession looms
Germany’s economic downturn deepens with a projected contraction in 2024, marking its second consecutive year of decline. Manufacturing struggles and…
Regional banks brace for tougher capital rules, get relief from Fed cuts
U.S. regional banks preparing for higher capital requirements will get some relief from the Federal Reserve’s jumbo rate cut. As…
Fed’s Daly sees one or two more interest rate cuts this year
San Francisco Federal Reserve Bank President Mary Daly said she “fully” supported the U.S. central bank’s half-of-a-percentage-point interest-rate cut last…
Dalian iron ore retreats on China stimulus uncertainty
Dalian iron ore futures prices faltered on Thursday, surrendering earlier gains as uncertainty surrounding top consumer China’s fiscal stimulus plans…
Baltic index falls over one-month low on weak capesize demand
The Baltic Exchange’s main sea freight index continued its decline for the ninth day and hit its lowest in more…
Dry Bulker Acquisitions Rise by 34,5% This Year
A significant increase has been notable in the dry bulk market S&P activity so far in 2024. In its latest…
Houthis Continue Targeting Tankers Damaging One and Claiming Second Attack
In the latest phase of the attacks on merchant ships, the Houthi militants continue to target tankers as well as…
HD Hyundai Claims Ammonia Engine First Using High-Pressure Injection
HD Hyundai Heavy Industries is claiming to have achieved a critical breakthrough in the development of ammonia-fueled engines using a…
Vietnam 2024 rice exports seen above 7.6 mln tons, food association chairman says
Vietnam’s rice exports this year are expected to be higher than 7.6 million metric tons, Vietnam Food Association’s chairman said…