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Sunday, December 15, 2019

Economy

Bloomberg climate plan would halve U.S. carbon emissions in 10 years

Democratic presidential candidate Michael Bloomberg on Friday unveiled a climate plan to slash U.S. carbon emissions by 50% in ten years, by slapping tougher pollution standards on new gas-fired power plants and replacing coal...

China Ningbo Containerized Freight Index up 10.2 pct

The China Ningbo Containerized Freight Index (NCFI), a wind vane of China's busiest port's freight rates for the international container shipping market, stood at 853.2 points Friday, up by 10.2 percent from last week. The...

US, China reach deal to remove tariffs: Beijing

The US and China have reached an interim trade agreement that includes the removal of tariffs imposed by Washington, the Chinese government said today. The interim deal includes commitments by Beijing to purchase more US...

China Ningbo Containerized Freight Index (U.S. route) falls slightly

The China Ningbo Containerized Freight Index (NCFI) reported slight drops in freight indices in the United States routes this week due to shipment oversupply. NCFI, a wind vane of China's busiest port's freight rates for...

Opinion – US tariff flip-flops and a neutered WTO will hit trade and business...

The mercurial US trade policy and the lack of a platform for countries and businesses to adjucate trade complaints, with the WTO court in disarray, is undermining trade and business confidence, even as...
Baltic Exchange Flag

Baltic index drops for eighth-straight session as capesize rates ease

The Baltic Exchange’s main sea freight index fell for an eighth-straight session on Friday, as rates for capesize vessels eased. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry...

Trump Denies Rumours on Tariff Rollback Under ‘Limited’ Trade Deal With China

The United States and China has been trying for month to negotiate a trade agreement, with President Trump teasing for a “big deal” any time soon. A report in the Wall Street Journal on...

SHELL SIGNS INNOVATIVE $10 BILLION REVOLVING CREDIT FACILITY

Royal Dutch Shell plc (“Shell”) today announces that it has signed a $10 billion revolving credit facility. The new facility replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate...

Powered by US-China Trade Deal Prospects, Boris Johnson’s Win, Indian Bourses Gain in Early...

US and Chinese officials have been working on the terms of the phase-one deal for months after President Donald Trump announced in October that the two nations had reached an agreement. Both the countries...

E&P 2020 FORECAST: DEEPWATER BUCKING THE TREND

Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4%. Investments in shale/tight oil are expected to contract the most next year by almost 12%. Rystad Energy believes...