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Finance

Finance

FMC calls for increase in budget for more staff as shipper complaints rise

portnews -
The US Federal Maritime Commission (FMC) says there is increasing demand for its services as the number of industry complaints from shippers increases. Speaking to...
Finance

FMC Asks Congress for MoreMoney Amid Heavier Workload, Uptick in Shippers’ Complaints

portnews -
The Chairman of the Federal Maritime Commission is asking Congress for more funding next year due to an increase in demand for the Commission’s...
Finance

European stocks climb on strong earnings reports

portnews -
European shares extended gains for a second straight session on Thursday, as a slew of forecast-beating earnings reports helped set aside fears around slowing...
Finance

Dollar borrowing costs rise as euro, yen fall

portnews -
Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest...
Companies

Petrobras collects about $2 bln from Shell and TotalEnergies for stakes in Brazilian field

portnews -
Oil majors Shell and TotalEnergies have paid $1.1 billion and about $947 million, respectively, for an increased stake in the Petrobras-operated Atapu field located...
Finance

Major investment in port equipment in the Humber ports

portnews -
Associated British Ports (ABP) is investing £32 million in port equipment in the Humber to maintain customer demand as part of a wider Group...
Finance

FX Daily: Dollar strength is here to stay

portnews -
USD: Turbulent markets mean supported dollar The respite to risk assets offered by China’s policymakers yesterday proved short-lived, and equities went through another rough session...
Finance

Funds shun sterling as UK data dam bursts: McGeever

portnews -
Evidence is rapidly mounting that Britain’s cost of living crisis is starting to bite, and hedge funds are in prime position to cash in...
Finance

IMF warns of ‘stagflationary’ risks in Asia, cuts growth outlook

portnews -
The Asian region faces a “stagflationary” outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity...
Companies

Bolloré deal helps MSC anchor off India’s east coast amid Colombo disruption

portnews -
A €5.7bn ($6.2bn) deal inked last month by MSC to acquire Bolloré Africa Logistics has helped the Geneva-based behemoth secure a “growth-oriented” container-handling foothold...
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