European banks increase reliance on US dollar funding, EU regulator finds
European banks increased their reliance on U.S. dollars last year, Europe’s banking regulator said, amid growing concerns about the region’s…
BofA’s top brass to focus on growth plans at investor day
Bank of America’s BAC top executives will take center stage at Wednesday’s investor day in Boston, with analysts expecting them…
UK exit tax is less risky than zero fiscal vision
Britain is once again fretting about a wealthy exodus. Hot on the heels of a panic about the departure of…
China to suspend 24% additional tariff on US goods, retain 10% levy
China’s State Council Tariff Commission said on Wednesday it will suspend a 24% additional tariff on U.S. goods for one…
UK services firms report strongest outlook in a year as inflation pressures wane, PMI shows
Output and new orders in Britain’s services industry picked up last month, according to a survey released on Wednesday that…
German retailers expect modest rise in Christmas sales but mood cautious
Germany’s retail sector expects modest annual growth this holiday season, with sales forecast at 126.2 billion euros ($147.2 billion) for…
Australia’s APLNG offers cargo for December loading, say sources
Australia Pacific LNG (APLNG) has offered a liquefied natural gas (LNG) cargo for loading in December, two industry sources said…
Vitol, Delfin LNG and IRH sign 20-year LNG supply agreement
Vitol said on Wednesday International Resources Holding (IRH) has signed a 20-year agreement with Delfin LNG and Vitol for the…
Russian sulfur export ban to last until end-Dec, says government
Following multiple refinery attacks and sulfur production issues, the Government of the Russian Federation announced Nov. 2 a temporary ban…
Modernising maritime safety in a tide of technology
The maritime industry is experiencing a phase of rapid technological development. The shift from paper charts to continuous digital connectivity…