Shipowner Nikolaus Schues snaps up Diana Shipping stock after profitable car carrier play
Owner of Germany’s F Laeisz takes 5% of New York-listed bulker owner, becoming its second largest outside investor
US existing home sales fall to 14-year low in September
U.S. existing home sales dropped to a 14-year lowin September, likely as prospective buyers held out for lower mortgage rates,…
China’s stimulus measures not enough, Yellen and IMF chief economist say
China’s latest stimulus measures will not meaningfully boost domestic demand, leaving a major source of trade friction intact, U.S. Treasury…
Russian industry warns central bank’s high rates hurt crucial new investment
A growing chorus of Russian industrial companies and lobby groups are complaining of prohibitively high interest rates and warning that…
Incoming EU foreign policy chief Kallas warns against Russia and China
The European Union’s next foreign policy chief has told lawmakers that strengthening security must be a priority, warning that Europe…
Weak euro zone growth data raises some questions about recovery, Lane says
The recent flow of relatively weak data on the euro zone economy has raised questions about the bloc’s prospects but…
Germany bets on India to reduce reliance on China
Chancellor Olaf Scholz leads a high-level delegation to New Delhi this week, betting that greater access to the vast Indian…
Rotterdam’s nine-month container volumes edge higher on ‘tentative’ recovery in trade
A rise in consumer spending in Europe has kept volume at the port in positive territory so far this year,…
DSV, K+N post solid Q3 revenue gains, but profit margins under pressure
Rising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed…
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