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...The 135,500-tonne Adora Magic City, commissioned by a joint venture between the China State Shipbuilding Corp and US-based Carnival Corp, set sail on Monday from Shanghai for South Korea and Japan before...
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...Australia’s Port of Newcastle, the world’s largest coal export terminal, whose credit rating was downgraded to junk status by S&P last week, has much of its outstanding debt tied up in sustainability-linked...
...First Republic’s credit just got a downgrade to junk from S&P Global Ratings....
...Need to know: business Rupert Murdoch stepped down as chair of Fox and News Corp, handing leadership to his eldest son Lachlan....
...Factory gate prices, shipping rates, commodity prices and inflation expectations have all begun to subside from their recent record levels....
...From a recent Vanity Fair piece on the topic: Lachlan [Murdoch]’s future will be decided by his siblings, all of whom sit on the board of the trust that controls [News Corp] through a special class of stock...
...The warning had an impact on the wider market, with the S&P 500 finishing 0.7 per cent lower on the day after recouping earlier declines....
...The company helped to send the S&P 500 to a two-month low on Friday after it issued a huge profit warning and scrapped full-year financial forecasts issued just three months ago....
...It is challenging times for Maersk given the rather sudden and sharp downturn in container shipping rates....
...U.S....
...Analysts at the Fitch rating agency have also warned that inflation will increase costs for personnel, shipping and its Paddock Club hospitality business....
...Commended Baker McKenzieO: 8; L: 7; I: 7; Total: 22Led by partner Kammalard U-rapeepatanapong, the firm’s Thailand office has done pioneering work on digital assets in the region....
...His father was a foreman in the shipping department of a garment trade company....
...“I’m shipping him out to a home in Florida,” he said, ending the interview. Jeremiah died in 2015. Coogan was shaken....
...The S&P 500, which was already lower following negative comments from Moderna’s chief executive about the effectiveness of vaccines to tackle the new Omicron strain, ended down 1.9 per cent....
...It recorded a 34 per cent jump in sales of Xbox following the launch of the new Series X and S consoles, while revenues for its Azure cloud computing platform grew 46 per cent. 3....
...An LED telly without the preface of an “O”, “U” or “Q” is cheap — but the picture isn’t up to much....
...Smart read The shipping industry, which contributes close to 3 per cent of global emissions, is in for a decarbonisation awakening, the FT’s Peggy Hollinger writes....
...What’s more, shipping costs have almost fallen back to their pre-pandemic level....
...Vanguard’s S&P 500 ETF, another physical equity ETF, was hit by the same trend, shipping €560m....
...(FT) Earnings round-up Booking, Lowe’s Companies, Royal Bank of Canada, Lloyds, Metro Bank, Nvidia Corp, William Hill and Petrofac are set to report....
...This could imply that the company is trying to catch up from production delays, since it costs more than shipping by sea....
...FedEx shares had risen 2.8 per cent this year as of Tuesday’s close, well behind the broader S&P 500’s gain of more than 27 per cent....
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