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Finance

Finance

Financial firms face $225 billion in water-related losses, analysis estimates

portnews -
Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the...
Finance

Stocks cower as dollar marches to two-decade highs

portnews -
The U.S. dollar hit 20-year highs and world stocks fell towards their lowest in over a year on Friday as markets anticipated more U.S....
Finance

Fredriksen buys more International Seaways shares

portnews -
Shipping tycoon John Fredriksen keeps the pedal on stock purchasing and buys additional shares in US tanker company International Seaways, filings show. Norwegian-Cypriot John Fredriksen...
Finance

Star and Stripe: Maersk partners with US payments system

portnews -
Online payment system Stripe is celebrating the signing of a big new shipping client. Maersk, the world’s second largest containerline, has combined multiple payment...
Finance

Iron ore futures rise on optimism over China central bank support

portnews -
Chinese iron ore and steel futures rose on Thursday after the country’s central bank said it would take monetary policy steps to help businesses...
Finance

China (mainland) may move to limit impact of US financial weapons

portnews -
The weaponization of the US dollar against Russia after its invasion of Ukraine has raised expectations that Beijing will accelerate its de-dollarization efforts, to...
Finance

ECB should not raise rates in July before Q2 GDP data

portnews -
The European Central Bank should not raise interest rates in July, even though the inflation outlook suggests it can gradually reduce support for the...
Finance

CIT Increases Financing for Polsteam Ship Operator by Nearly $10 Million

portnews -
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business has increased its financing for Polska Zegluga Morska Capital Group,...
Finance

U.S. Energy Department to Commit $2.25B to Carbon Storage Program

portnews -
The program will look at potential storage sites both onshore and offshore, such as at depleted oil and natural gas fields under the seabed...
Finance

Fed raises rates by half point, starts balance sheet reduction June 1

portnews -
The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the...
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