Hints and tips:
...And here’s a smart listen: increasing barriers to achieving financial security have led a younger generation of investors to say, “F@$K it”....
...Morten O. Ravn: Hopefully not....
...The U.K.-based firm informally contacted Gilead last month to gauge its interest in a possible tie-up, the people said, asking not to be identified because the details are private....
...That followed orders in March for four 20,100 TEU containerships from Japan’s Mitsui O.S.K. Lines....
...(Bloomberg) “A Chinese court released a Japanese ship owned by Mitsui O.S.K....
...Shipping firms also took a beating. Mitsui O.S.K. Lines slid 4.1 per cent to Y304 and Kawasaki Kisen Kaisha lost 3.6 per cent to Y161....
...Shipping groups, however, helped support the index from severe losses as the sector got a boost from a report by JPMorgan, which said a near-term boost from dry bulk rates would support container groups....
...In Australia, rare earths miner Lynas Corp gained 5.1 per cent to A$1.35 after selling a convertible bond. Sydney’s S&P/ASX 200 gained 1.1 per cent to 4,271.33....
...In Tokyo, Mitsui O.S.K Lines surged 4.4 per cent on media reports that the shipping company agreed to a joint venture with Indonesia firm Trada Maritime to transport liquefied natural gas to the south-east...
...Mitsui O.S.K., Japan’s second-largest shipper by sales, jumped 3.9 per cent after Credit Suisse kept its “overweight” investment rating on Japanese shippers....
...Nippon Yusen, Japan’s biggest shipper by sales, surged 5.1 per cent and second-ranked Mitsui O.S.K. Linesclimbed 4.9 per cent. Third-largest Kawasaki Kisen Kaisha jumped 5 per cent....
...Calvin Hathaway has performed one of his legendary U-turns....
...Rises in the Baltic Dry index, a measure of dry bulk freight costs, lifted shipping lines with Mitsui OSK Lines gaining 3.9 per cent to Y511....
...A drop in the Baltic Dry index, a key measure of freight costs for dry bulk commodities, prompted a sell-off in the shipping sector....
...Shipping lines were weak after continued falls in the Baltic Dry index, a measure of bulk shipping rates, with Kawasaki Kisen off 3.9 per cent to Y348....
...Pimco’s Bill Gross told Reuters much the same thing after markets started to slide, i.e. that investors fear the US is “going the way of the U.K. — losing AAA rating which affects all financial assets and...
...Gains in the bulk shipping costs index overnight helped freight carriers such as Mitsui OSK, which rose 7 per cent to Y502....
...Mitsui O.S.K Lines, operator of Japan’s largest fleet of iron-ore ships, fell for a second day in Tokyo trading. The group was also forced to lower its profit target end of last month....
...Shipping lines fell, as the as the Baltic Dry Index, which measures the cost of transporting bulk commodities, continued to fall....
...Meanwhile, concerns over the slowing global economy were underscored by a 7.3 per cent decline in dry bulk shipping rates overnight, to their lowest since November 2006....
...Shipping companies were sold off after the Baltic index, an index of bulk shipping rates, declined 2.2 per cent, raising doubts about the revenue outlook for the sector....
...Overall the S&P/ASX 200 index closed 0.9 per cent higher at 5,422.70....
...The S&P/ASX 200 index closed 0.4 per cent higher at 5,443.20 More buoyant metal prices helped BHP Billiton, the world’s biggest miner, to advance by 0.9 per cent to A$45.32....
...Shipping companies fell as the Baltic Dry Index, a measure of the price of transporting bulk goods by sea, dropped sharply in London on Wednesday on fears of lower demand as the price of oil surges....
...K is for knickers....
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