Baltic Index Hits Two-Week Low As Capesize Rates Dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit its lowest…
Dry Weekly Market Monitor: US port strikes – New Orleans congestion
This week’s focus is on the U.S. port congestion amid recent port strikes. The ongoing U.S. port strikes, particularly at…
Interview: DNV’s Knut Ørbeck-Nilssen on Efficiency and Carbon Capture
Leading class society DNV believes that green fuels will be costly and scarce for the rest of the decade, making…
Euro zone business activity contracted in September, PMI shows
Euro zone business activity slipped back into contraction last month although the downturn was not as steep as initially thought,…
US labor market remains stable; weather, strike distortions loom
The number of Americans filing new applications for unemployment benefits rose marginally last week, but the devastation unleashed by Hurricane…
Florida Deploys National Guard to Reopen Ports for Hurricane Relief Efforts
Faced with the daunting task of recovery from one of the worst hurricanes to strike Florida and the southeast, Governor…
US office market shows signs of bottoming after big discount sales
The beleaguered U.S. office property market may be bottoming out, analysts told Reuters, pointing to a string of sales of…
Growth slows to near halt in German services sector in September, PMI shows
Growth in Germany’s services sector slowed for a fourth consecutive month in September, coming to a near standstill, a survey…
Bank of England could become ‘more aggressive’ on rate cuts, Bailey says
The Bank of England could move more aggressively to cut interest rates if inflation pressures continue to weakenbut conflict in…