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Global stocks climbed on Wednesday on renewed hopes for a trade deal between the U.S. and China and after economic data earlier in the week eased fears of a global downturn. The pan-continental Stoxx Europe 600 was up 0.8% in opening trade. In Asia, Japan’s Nikkei 225 and Hong Kong’s Hang Seng both gained 1%. U.S. futures pointed to opening gains of 0.4% for both the Dow Jones Industrial Average and the S&P 500. “Trade talks between China and the U.S. have, for now, produced positive news as a deal ...

Most Asian currencies firmed on Wednesday as reports of headway in Sino-U.S. trade talks and easing U.S. bond yields prompted buying of regional risk assets. The Financial Times reported that top officials from Washington and Beijing had resolved most of the issues standing in the way of an agreement. Lower U.S. Treasury yields, plus a slightly weaker dollar and yen, also encouraged stronger risk appetites in Asia. Gao Qi, a forex strategist at Scotiabank, said that given the fears of a global economic slowdown, regional currencies are likely to have ...

Global debt growth decelerated sharply in 2018, with about $3.3 trillion added globally compared with an increase of $21 trillion the previous year, the Institute of International Finance said in a report. Debt ended the year at about $243.2 trillion from $239.9 trillion at the end of 2017, after hitting a nominal record high of $248 trillion at the end of the first quarter. The year-end figure was little changed when compared with gross domestic product globally, ending close to the 2017 figure at 317% of GDP, though “still very ...

Updated bank credit lines for upstream companies for early 2019 may not only remain flat or slightly increased from last year, but access to capital markets could be less crucial to them since most have recently pledged to limit their spending to cash flow, industry experts say. Right now, E&P producers are in the talking stage with lenders – a formal twice-yearly process that occurs in April and again in October, to determine the creditworthiness of oil company borrowers. Oil and natural gas reserves are a major lending criteria, along ...

The European Union will warn G20 nations that trade tensions are putting global growth at risk and need to be addressed with a speedy reform of the World Trade Organisation, a EU draft document says. The paper, seen by Reuters, sets the EU priorities on trade, global tax reforms and financial rules before a meeting of finance ministers and central bank governors from the Group of 20 nations in Washington on April 11-12. “Current trade tensions put the ongoing expansion at risk,” the document says, warning that global growth is ...

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

Sources are saying that another tropical Cyclone (named Wallace) is forming

The MYS will be open to visitors from 11.00 am to 7.30 pm. From Wednesday 25th to Saturday 28th September, 2019, the Monaco Yacht Show will again welcome the international yachting world to the Principality of Monaco, offering a total immersion in the fascinating universe of luxury yachting. By opening to visitors in the late morning and extending opening times into the early evening, the organizers of the Monaco Yacht Show seek to offer schedules that correspond better to the visiting times preferred by private clients who can benefit fully ...

Shares of Euroseas Ltd. (NASDAQ:ESEA) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating. Analysts have set a 1-year consensus target price of $2.63 for the company and are anticipating that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Euroseas an industry rank of 95 out of 255 based on the ratings ...

Trident, a subsidiary of the technology group Wärtsilä is strengthening its underwater-related servicing capabilities with the opening of a new diving centre facility in Fujairah, United Arab Emirates. This expansion into a major global shipping region will enhance Wärtsilä’s ability to serve its global customers with underwater repairs, refurbishments and maintenance. By performing this work below the waterline using fully trained technician divers, the need to dry dock the vessel is eliminated, thereby significantly reducing costs and avoiding interruptions to the vessel’s operations. The UAE centre became fully operational in ...

An exciting era is ahead for the MSA, with the expansion of its training portfolio and a new centre opening in Portsmouth in July 2019. The Viking Maritime Group (including the MSA, Viking Crew and Chiltern Maritime) has identified a highly innovative approach to meeting the specific requirements of the cruise, ferry and superyacht industries for Simulation Training. A multi-million pound agreement has been reached between Viking Maritime Group (‘Viking’) and Wärtsilä Voyage Solutions (‘Wärtsilä’), formerly known as Transas Marine UK Ltd, to facilitate the development of a new state-of-the-art, ...

FN Diving Rotterdam, is proud to announce the opening of our new office in Algeciras, Spain. FN Diving Algeciras is a new subsidiary Office with full support of FN Diving in Rotterdam and operates in Spain,Portugal and North Africa. With the addition of this new location, FN Diving supports the entire portfolio and spectrum of of its underwater repair services by FN Diving on the Spanish South Cost with local resources, from Algeciras to Cadiz to Tanger and Malaga, Almeria and Valencia. We are proud to have local Spanish Algeciras ...

Witnessing increasing business for his bank in Gwadar port, a formerly remote fishing village in Balochistan province in southwestern Pakistan, Shakeeb Yusuf said he made the right choice as the robust business growth helped pave the way toward his promotion. Yusuf has been promoted to the full-time manager of Habib Bank Private Limited’s (HBL) branch at the port’s free zone after he managed to sign contracts with international business groups to handle their finances in Gwadar. The manager, who was introducing his bank’s products and services Friday at a booth ...

After a more active period, recycling seemed to cool down over the previous week. Bangladesh remained the most attractive destination

Malaysia plans to develop what it has billed as the world’s largest ship-to-ship transfer hub in the waters of Johor Baru port, with the project attracting the attention of the state’s Crown Prince yesterday. A signing ceremony for the project is expected to be held today in Putrajaya, as seen by a link to the event’s invitation card. The link was posted on the Facebook page of Crown Prince Tunku Ismail Sultan Ibrahim. According to the invitation, the ceremony will be attended by, among others, Prime Minister Mahathir Mohamad, Finance ...