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Finance

China

China’s transport investment up 5.8% in Jan-Nov

portnews -
BEIJING -- China's fixed-asset investment in the transport sector maintained steady growth from January to November, official data showed on Wednesday. Investment in transport totaled...
Egypt

Egypt’s Currency Crisis is Creating a Massive Port Backlog

portnews -
A major hard currency crisis in Egypt is causing a massive backlog across the country’s ports, where goods worth $9.5 billion are stuck -...
Finance

Mauritius’ renminbi clearing center to facilitate Africa-China trade

portnews -
  Mauritius now has the third clearing center for the Chinese currency renminbi (RMB), or the yuan, in Africa, after South Africa and Zambia. Officially...
Finance

Wanted: A Sea-change in Climate Finance for Oceans

portnews -
The oceans are inextricably connected to the health of the planet, and of humans: they absorb up to 30% of annual greenhouse gas (GHG)...
Companies

MOL secures major transition-linked loan

portnews -
Mitsui O.S.K Lines, commanding a fleet of nearly 700 vessels, agrees to a loan with Japanese shipping group Mitsui O.S.K. Lines (MOL) has landed major...
Finance

Rupee trade makes a head start with Russia

portnews -
  Settlement of foreign trade in rupee has finally taken off, with a few transactions involving Russian firms having taken place recently, trade sources told...
Finance

Banker bonuses go from boom to bust in jarring reversal

portnews -
Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none...
Energy

Record boost for clean energy in $1.7 trillion funding bill passed by US House

portnews -
The $1.7 trillion bipartisan government spending bill passed by the US House of Representatives Dec. 23 has historic funding increases for clean energy and...
Energy

Brazil’s oil firms to invest $7.7 bln in onshore fields by 2029

portnews -
Brazil’s small- and medium-sized oil firms are set to invest some 40 billion reais ($7.74 billion) in onshore fields by 2029, according to a...
Finance

Bangladesh faces balance of payments vulnerabilities

portnews -
  Bangladesh’s trade trajectories are frequently praised because of the phenomenal growth in export profits from the ready-made garments (RMG) sector. In fiscal year 2021-22,...
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