Home / Author Archives: hellenicshippingnews. (page 1702)

Author Archives: hellenicshippingnews.

Asset Bubbles and the Economy Are Now One

After this latest round of a deflationary recession/depression consummates, global central banks and governments will engage in an epoch battle to re-inflate asset prices such as never before contemplated. Indeed, they are laying the framework for that assault right now. Global central banks took interest rates to the zero percent range a decade ago and, for the most part, they remain there today. These confetti pushers printed $15 trillion dollars in order to push rates into history’s basement. Such an enterprise in counterfeiting has never been attempted before outside of ...

Read More »

EU accelerates moves to block China’s market access

Europe is moving unexpectedly quickly to restrict Chinese access to big public projects ranging from railways to telecoms. Only a week after Brussels branded Beijing as a “systemic rival”, EU leaders attending a summit on Thursday are expected to yield to pressure from Berlin and Paris and “endorse” a law that will restrict the access of Chinese companies to the EU’s €2.4 trillion-per-year public procurement market. Many industrial EU countries are increasingly frustrated that their leading businesses were excluded from Chinese projects such as the country’s 10,000 kilometre high-speed rail ...

Read More »

MMi Daily Iron Ore Index Report March 20 2019

Vale has announced it received court approval on March 19 ( Brazil time) to resume Brucutu operations, but it is still waiting for environmental clearance from Minas Gerais’s environmental secretary. Iron ore DCE Futures market tumbled down in response to this news. Despite the news, traders tried to hold back material, especially with some mills still under production restrictions. According to SMM, the current iron ore supply and demand dynamic has not changed even though Vale is approved to resume production so soon, with prices being driven by sentiment. Source: ...

Read More »

Tanker Market Rates 20/03/2019

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

Read More »

Almost one-third of Chinese cities are shrinking, but urban planners told to keep building

The perception that China’s urbanisation is still in full swing is untrue for nearly one-third of Chinese cities, whose populations are shrinking, according to new findings by a Chinese university. A research team from Tsinghua University used satellite imagery to monitor the intensity of night lights in more than 3,300 cities and towns between 2013 and 2016. In 28 per cent of cases, the lights had dimmed. China now has 938 shrinking cities, according to Long Ying, an urban planning expert at China’s Tsinghua University, who founded and led the ...

Read More »

India’s Central Bank Is Full of Surprises These Days

Several theories explain why India’s new central bank governor took his boldest step yet. Little attention has been paid to the consequences. Last week, Governor Shaktikanta Das made an unexpected tweak to the Reserve Bank of India’s traditional management of longer-term liquidity in the banking system: by buying and selling government bonds. India’s currency, sovereign-debt and credit markets were all caught off-guard by the announcement of a three-year, dollar-rupee swap. The RBI will buy $5 billion from banks for its reserves by giving them rupees, and reverse the trade in ...

Read More »

China Changed How We Buy; Now It Will Change How We Recycle

Get ready. China is beginning to have another profound impact on the way we live our lives. The New York Times and Wall Street Journal have written about it in the last couple of days. This time, it’s not over stuff we buy. We’re used to that. We learned to throw things away rather than repair them. No one darns socks or repairs TVs, not anymore. We created a self-storage industry to accommodate our insatiable desire to have, and have more. This time, China is going to change the way ...

Read More »

Japan bank executive says mergers won’t fix woes brought by BOJ policy

Japan’s ultra-loose monetary policy is making it tough for commercial banks to earn profits out of lending, a problem that cannot be fixed through bank mergers, the influential chairman of a major regional bank in southern Japan said. Isao Kubota, chairman of Nishi-Nippon City Bank and once a finance ministry colleague of Bank of Japan Governor Haruhiko Kuroda, praised the BOJ chief’s massive stimulus programme for correcting a damaging yen spike and revitalising the economy. But Kubota said the length of the stimulus programme is causing some problems, including hurting ...

Read More »

French growth seen firming as impact of protests wanes – INSEE

French quarterly growth will firm in the first half the year as consumer spending benefits from improving household incomes and recovering business confidence after protests at the end of last year, the INSEE statistics agency said on Tuesday. The euro zone’s second-biggest economy is set to post growth of 0.4 percent in both the first and second quarters, up from 0.3 percent in the final three months of last year, INSEE forecast in its quarterly economic outlook. The economy would have grown 0.4 percent at the end of last year ...

Read More »

How U.S.-listed Chinese companies are ‘squeezing out’ minority investors

As scrutiny over unfair Chinese business practices intensifies amid drawn out U.S.-China trade discussions, investors are debating another contentious issue: minority American shareholders “squeezed out” by U.S. listed Chinese companies. The companies all follow the same playbook: After tapping into U.S. capital through a public listing, management turns around and takes the company private at a significantly cheaper valuation. That same management then relists the company back home in China, at a much higher valuation, leaving executives with a big windfall — and average retail investors with the biggest losses. ...

Read More »

UK Jobless Rate Fell in January

The jobless rate in the U.K. fell in January to its lowest level in more than four decades, a sign the labor market remains healthy despite concerns over Brexit. The unemployment rate in the U.K. fell to 3.9% in the three months through January from 4.0% in the three months through December, the Office for National Statistics said Tuesday, the lowest rate since 1975. The number of people in work hit a record high of 32.7 million, almost half a million more than a year earlier, the ONS said. Average ...

Read More »

German Economic Expectations Picked Up in March – ZEW Survey

German economic expectations picked up in March, albeit from a low level and despite a weaker assessment of the current economic situation, the ZEW economic research institute said Tuesday. The survey’s measure of economic expectations rose to minus 3.6 points from minus 13.4 points in February. The outcome is below the historical average of 22.2 points, but beats economists’ forecasts of minus 11.0 points. An expected delay in the Brexit process, as well as signs of progress in U.S.-Chinese trade negotiations, bolstered the mood of analysts and institutional investors, according ...

Read More »

Merkel – If no global deal on digital tax by second-half 2020, Europe should go ahead

German Chancellor Angela Merkel said on Tuesday that if there was no international agreement on taxing digital companies by the second half of next year, Europe should go ahead anyway. Merkel also, however, expressed optimism that a global solution would be reached given that U.S. President Donald Trump is also interested in achieving that. Source: Reuters (Reporting by Michelle Martin and Madeline Chambers)

Read More »

German Government Advisors Slash 2019 Growth Projection, Criticize ECB

A group of top German government advisors on Tuesday cut their economic growth forecast for 2019 in half, but said a recession is not on the cards thanks to robust domestic demand. “The boom period of the German economy is over for now,” Christoph Schmidt, the chairman of the German Council of Economic Experts, said. The experts cut their annual growth forecast to 0.8% from an earlier estimate of 1.6%. The projection takes account of calendar effects. In 2020, Europe’s largest economy is expected to expand by 1.3% in calendar-adjusted ...

Read More »

US Factory Orders Edged Up in January

Orders for U.S. manufactured goods rose 0.1% to a seasonally adjusted $500.48 billion in January, the Commerce Department said Tuesday. Here are the report’s key points: —Economists surveyed by The Wall Street Journal had expected a 0.1% rise from the prior month. —Excluding transportation, factory orders were down 0.2% in January from the previous month. That marks three consecutive months of declines. —Orders were up 0.2% on the month when excluding defense products, another sector that can skew headline figures. —New orders for durable goods rose a revised 0.3% from ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping