Top S.Korean shipper HMM to invest $11.5 billion over 5 years for expansion

HMM Co Ltd, South Korea's largest container shipping company by sales, said on Thursday it plans to invest 15 trillion won ($11.46 billion) over the next five years to sharply increase its capacity.

newspaper

14-07-2022

Top South Korean shipper HMM to invest $11.5 billion over 5 years for expansion

Hyundai Merchant Marine (HMM), South Korea's largest container shipping company by sales, said on Thursday it plans to invest 15 trillion won ($11.46 billion) over the next five years to sharply increase its capacity.

newspaper

14-07-2022

Latin America steel demand to fall in 2022 -industry report

Steel demand in Latin America could dip through 2022 as the industry faces regional inflationary pressures, price hikes from the Russian invasion of Ukraine and political instability, an industry report showed.

newspaper

13-07-2022

China's exports bounce back, but global risks darken trade outlook

China's exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy.

newspaper

13-07-2022

China's exports pick up speed, but global risks darken trade outlook

BEIJING (Reuters) -China's exports rose at their fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a slowdown in imports, fresh virus flare-ups and a darkening global backdrop pointed to a bumpy road ahead for the economy.

newspaper

13-07-2022

China's exports pick up speed, but global headwinds darken trade outlook

BEIJING (Reuters) -China's exports grew at their fastest pace in five months in June, as factories revved up after the lifting of strict COVID lockdowns, but a slowdown in imports and a darkening global backdrop pointed to a bumpy road ahead for the domestic economy.

newspaper

13-07-2022

Pictet Wealth Management returns to Chinese stocks after 18-month hiatus

The wealth management arm of Swiss bank Pictet Group is buying Chinese equities again more than 18 months after it shunned the asset class, joining other foreign investors dipping back in as they bet on improving economic prospects and less regulatory intervention.

newspaper

13-07-2022

China's exports pick up speed in June as economy bounces from COVID shock

China's exports grew at their fastest pace in five months in June, exceeding analysts' expectations and adding to evidence that the world's second-biggest economy is slowly recovering from the damage of pandemic restrictions.

newspaper

13-07-2022

Fed's Barkin says 'definitely' sees signs economy is softening

CHARLOTTE, N.C. (Reuters) -The U.S. economy is slowing as consumers are buffeted by inflation and pandemic-driven demand for goods returns to more normal levels, Richmond Federal Reserve president Thomas Barkin said on Tuesday.

newspaper

12-07-2022