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No more #Euroboom? No problem, say investors

Signs of fading growth momentum across Europe have come as bad news to equity investors hoping for a repeat of 2017’s bumper returns, but many say they’re not ready to throw in the towel yet on companies that are still delivering strong earnings. European equities were in high favour last year. The region had overcome the 2012 sovereign debt crisis and was finally seeing an economic boom – complete with its own hashtag, #Euroboom. Some of that enthusiasm has waned since. European stocks still failed to match Wall Street gains, ...

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An Iran-Inspired Crude Shock Could Add Fuel to Greenback Rally

Should the U.S. pull out of the Iran accord and the price of crude spike higher, things could be very different for the dollar this time around. A rally toward $80 per barrel would boost the U.S. currency versus most of its peers — contrary to what usually occurs when crude prices increase, according to Deutsche Bank AG strategist Alan Ruskin. That’s because an Iran-fueled rally would be a supply-side shock, a clear negative for risk assets versus the greenback. “In the event of the re-imposition of U.S. sanctions, the ...

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How the U.S. Economy Already Feels the Tariff Squeeze

The Trump administration’s decision to continue trade negotiations with allies averted new tariffs but threatens to slow corporate spending and drive up costs, developments that could inject new uncertainty to the market. President Donald Trump said Monday he was giving the European Union, Canada and Mexico until June 1 to negotiate deals that would exempt them from U.S. steel and aluminum tariffs. The White House said it has made agreements with Argentina, Brazil and Australia to avoid the tariffs. The administration already has imposed tariffs on China’s steel and aluminum ...

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U.S. Economy Hits Milestone as Fed Tries to Keep Growth Rolling

With the calendar’s turn from April to May, the U.S. economic expansion has become the nation’s second-longest on record. That milestone was reached as the Federal Reserve prepared to begin a two-day meeting in Washington on Tuesday. After a slow-but-steady slog over the past eight years and 10 months, most parts of the economy still look resilient. The central bank has kept borrowing costs historically low since the U.S. crawled out of a recession in mid-2009. It’s expected to leave interest rates on hold this week and plans to raise ...

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German minister urges EU unity in trade conflict with U.S.

A top German minister urged EU states to agree a common stance to negotiate with the United States on trade, acknowledging differences with France, after President Donald Trump extended a temporary reprieve for the EU on steel and aluminium tariffs. Although the EU has called for a permanent exemption from the tariffs, arguing the one-month extension is causing uncertainty among businesses, there are differences in emphasis among member states. German Economy Minister Peter Altmaier told Germany’s ARD television on Wednesday the EU faced a difficult situation which required a “fair ...

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Chinese iron ore and steelmaking prices May 2 2018

Morning offers of traders basically held stable today, with strong wait-and-see attitude among market participants.

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Tanker Market Rates 02/05/2018

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

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Vesper Marine protects the world’s second busiest port from collision risks with a submerged wreck

Vesper Marine, in partnership with Brand Marine Consultants (BMC), Hanseatic Underwriters and the Maritime and Port Authority of Singapore (MPA) have just completed an installation of their AIS-based Guardian:protect system to protect vessels from a hazardous shipwreck within the Singapore Strait entrance channel to the harbour and alert them to its presence. This was a critical installation for a port that weekly sees more than 2,500 vessel calls and unloads more than 11 million metric tons of cargo. Only the Port of Shanghai is busier. The dredger Cai Jun 3 ...

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Newcastlmaxes are the most sought after vessels by ship owners today says VesselsValue

Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such, ship owners are looking at a variety of factors, when they pull the trigger on new acquisitions, whether these are newbuildings or existing carriers, especially in today’s challenging market conditions, when a wrong business decision is often hard to recover from. In an exclusive interview with Hellenic Shipping News Worldwide (www.hellenicshippingnews.com), VesselsValue’s Director of Analytics, Mr. Kaizad Doctor, provides a very useful insight into the process of evaluating ships’ prices, while ...

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