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splash247.com

Singapore to host digital ship identity trials - Splash247

Singapore will serve as a testbed to trial and pilot the use of digital ship identity in maritime applications such as digital port clearance and digital bunkering. During the ongoing Singapore Maritime Week, the Maritime & Port Authority (MPA) of Singapore has agreed to host the so-called...
splash247.com splash247.com

splash247.com

Shanghai stretches lead at the top of the boxport rankings to 10m teu - Splash247

Shanghai has built up an unprecedented commanding 10m teu lead over its nearest boxport rival in rankings of the top 30 container ports worldwide compiled by Alphaliner. Shanghai has been the world’s largest container port for the last 14 years, beating Singapore into second place. It now...
splash247.com splash247.com
 

At Chinese trade fair, exporters despair their goods are 'as cheap as cabbage'​

GUANGZHOU, China, April 17 (Reuters) - Wu Huazhan's Chinese television factory used to impose minimum orders to manage production efficiently. Times are now so bleak, it will take any order.

Foshan Top Winning Import & Export's profit margin has dropped to a wafer-thin 0.5% from 2% some 3-4 years ago, according to Wu, a co-owner of the Guangdong-based factory and one of the many exporters fretting about business prospects at China's biggest trade fair in the southern city of Guangzhou.

"We're selling electrical appliances as cheap as cabbage," he added. "If it continues for another year or two, we'll have to change careers."

The sombre mood at the twice-a-year Canton Fair scarcely got a lift from data on Tuesday showing that the world's second-largest economy grew at a faster-than-expected 5.3% in the first quarter.

A sharp contraction in Chinese exports for March in dollar terms despite growth in volumes and data showing producer prices extending a year-and-a-half-long decline have tempered hopes that China is on its way to finding sustained post-pandemic growth.

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Morning Bid: Blunt Powell signals rate cut plans on ice​

April 17, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

There's no doubt there's a doubt about any U.S. interest rate cuts this year.

After weeks of market trepidation about stalling U.S. disinflation amid still-brisk economic growth, Federal Reserve top brass are making clear that this year's rate cut plans are on ice until further notice.

Even though Fed policymakers seemed to re-affirm their expectation of as many as three quarter-point cuts in 2024 as recently as last month, the picture has shifted considerably since.

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www.benzinga.com

Asia Markets Ex-China Decline, While Europe Gains; Gold Surpasses $2,400 - Global Markets Today While US Slept - SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

China index gains while other Asian markets fall. Europe indexes were trading higher at the open on Tuesday. Crude oil was trading at $84.50, while gold surpassed the $2,400 mark on inflation fears.
www.benzinga.com www.benzinga.com

www.benzinga.com

S&P 500, Nasdaq Futures Point To Higher Open Today: What's Going On? - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

U.S. stocks are priming for a firmer start on Wednesday, potentially striving to inflect higher from the weakness seen so far in April. As some bullish market watchers pointed out there could be an inflection from the second half of April, with earnings potentially serving as an upside catalyst.
www.benzinga.com www.benzinga.com
 

IMF Warns the US, and China About Out of Control Deficit Spending​

Apr 18, 2024 #government #debt #currency

Nothing much to see, can listen in one tab, surf the forum in a different tab.


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