Tradenews

Free Fall in Shipping Rates to Devastate Industry [01 Sep 2009]  
A Bloomberg survey by six analysts and fund managers predicts that the rate for leasing capesize vessels will reach as low as $18,000 from its current price of $37,865 per day. It should be recalled t  ...More
Tags: Bloomberg     Netherlands     BDI    
India Rupee Growth Boosts Confidence amid Trade Deficit Worries [22 Sep 2010]  
The Indian currency with its new symbol is riding high as since May 2009 investors pumped in unprecedented $24bn into the nation's stocks and bonds. In contrast, the BOP statistics draw a gloomy pictu  ...More
Tags: INR     Currency     USD     Bloomberg    
Swiss Banks Thrive despite Reversals in Client Secrecy [18 Oct 2010]  
Latest report indicates Swiss private banks resisted client secrecy censures by the US, France and Germany to attract more than 50bn francs ($53bn) of assets since the end of 2007. According to data c  ...More
Tags: Swiss     UBS     Francs     Bloomberg     Banking    
China Reports Unexpected Trade Deficit as Export Growth Cools [10 Mar 2011]  
China reported an unexpected $7.3 billion trade deficit; the nation’s biggest in seven years, in February after a Lunar New Year holiday disrupted exports.

Outbound shipments rose an annual 2.  ...More
Tags: Commerce Minister    David Cohen    Bloomberg    Seasonal Distortion