Maersk warns of slower demand for container shipping
COPENHAGEN, Aug 4 (Reuters) – Shipping group A.P. Moller-Maersk (MAERSKb.CO) warned on Friday of a steeper decline in global demand for shipping containers by sea...
Germany at a standstill as huge strike halts planes and trains
Unions launch 24-hour strike, biggest since 1992 Germany’s largest airports suspend flights Workers demand better pay to withstand price rises Inflation at near double digits...
Wall St gains over 1% after encouraging inflation data with Fed next
Nasdaq posts biggest January gain since 2001 U.S. labor cost growth slows in fourth quarter Exxon, UPS rise after results, Caterpillar slumps Fed decision on...
Credit fund outflows in 2022 unwind last year’s inflows -BofA
LONDON, Dec 2 (Reuters) – Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year’s inflows, BofA Global Research...
S&P warns of possible trebling of U.S., European default rates
LONDON, Dec 1 (Reuters) – Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and...
Credit outlook darkens for non-financial companies, Moody’s says
Debt costs to increase as interest rates rise, hedges expire Lower purchasing power to hit demand in consumer-facing sectors Wage inflation to stay high, fuel...
America’s biggest warehouse is running out of room. It’s about to get worse
SAN BERNARDINO, Calif., Aug 2 (Reuters) – America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics,...
Wall Street slides with bond yields as recession worries flare
[ad_1] Bank of England expects recession throughout 2023 Treasury yield curve inversion deepens Dollar follows U.S. yields lower; sterling slides Oil resumes decline as demand...
China’s Xi proposes ‘global security initiative’, without giving details
BOAO, China, April 21 (Reuters) – Chinese President Xi Jinping on Thursday proposed a “global security initiative” that upholds the principle of “indivisible security”, a...
Putin likens Western sanctions to war as Russian assault traps Ukrainian civilians
Russia, Ukraine trade blame over stalled evacuation Up to 1.5 million refugees expected by Sunday night In call with U.S. Senate, Zelenskiy requests more help...