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New standard launched to resolve disputes over damaged shipping containers

New standard launched to resolve disputes over damaged shipping containers

SINGAPORE: A new technical standard was launched on Friday (Aug 14) to help resolve disputes over containers that are damaged in the process of shipping and transferring goods. The standard provides a set of guidelines to properly document and report conditions of the containers at every point that they pass through. Called Technical Reference (TR39 […]

August 14, 2015 | By | Reply More
Japan Post's US$11b triple listing expected Nov 4 – sources

Japan Post's US$11b triple listing expected Nov 4 – sources

TOKYO: Japan Post Holdings Co is expected to list shares in its holding company and bank and insurance units on Nov 4, several people close to the deal said on Friday (Aug 14), in Japan’s biggest sale of state-owned enterprises in nearly three decades. The government aims to sell at least 1.3 trillion yen (US$11 […]

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Dijsselbloem welcomes Greek parliament's approval of bailout

Dijsselbloem welcomes Greek parliament's approval of bailout

AMSTERDAM: Eurogroup President Jeroen Dijsselbloem welcomed the Greek parliament’s approval of a new bailout package on Friday but said it still must be approved by fellow euro zone countries that have problems trusting Athens. Parliament voted to approve the bailout after lawmakers bickered through the night, leaving Prime Minister Alexis Tsipras confronting a widening rebellion […]

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Dollar struggles in Asia after lift from US retail sales

Dollar struggles in Asia after lift from US retail sales

TOKYO: The dollar dipped against the yen and euro Friday after getting a lift from a solid US retail sales report that boosted expectations for a Federal Reserve rate hike as early as next month. In Tokyo, the greenback changed hands at 124.38 yen, easing from 124.43 yen in US trading, while the euro fell […]

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Malaysian ringgit closes at 17-year low on oil, politics, yuan

Malaysian ringgit closes at 17-year low on oil, politics, yuan

KUALA LUMPUR: Malaysia’s ringgit currency suffered one of its worst one-day declines on Friday (Aug 14), falling to a fresh 17-year low in a protracted slide blamed on concerns over low oil prices and political uncertainty. The ringgit has declined more than 25 percent over the past year and it weakened another 1.74 percent to […]

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Eurozone growth slows, outlook modest

Eurozone growth slows, outlook modest

BRUSSELS: Growth in the eurozone slowed slightly in the second quarter but it appears to be holding up against the Greek debt crisis and the Chinese slowdown, official data showed on Friday (Aug 14). Analysts said the figures suggest the economy is bumping along, but there seems little hope of a sharp improvement despite a […]

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Nine banks agree to pay US$2 billion to settle forex rigging suit

Nine banks agree to pay US$2 billion to settle forex rigging suit

NEW YORK: Nine major banks accused of foreign-exchange rigging have agreed to pay more than US$2 billion to investors in settlements, a law firm involved in the process said Thursday. Plaintiffs have “reached settlements totalling more than US$2 billion with Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs, HSBC, JPMorgan, RBS and UBS,” legal […]

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Global M&A activity surges toward record high

Global M&A activity surges toward record high

LONDON: Global mergers and acquisitions (M&A) have climbed close to a record high this year, accelerated by a trio of multibillion-dollar deals in the U.S., Thomson Reuters data showed. The largest of these was Warren Buffet’s US$30 billion-plus purchase of Precision Castparts , announced on Monday. The takeover is the biggest by Buffet’s Berkshire Hathaway […]

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The euro-zone recovery is losing momentum

The euro-zone recovery is losing momentum

TODAY’S figures for GDP in the second quarter of 2015 from Eurostat are disappointing. The consensus among economists was that the 19-strong currency club would grow by 0.4%, the same as in the first quarter. Instead the pace of quarterly growth slowed a little, to 0.3%, leaving output 1.2% higher than a year ago. The […]

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Asian shares hit by currency concerns, oil slump

Asian shares hit by currency concerns, oil slump

HONG KONG: Asian markets mainly fell on Friday (Aug 14), weighed down by jitters over the impact of China’s yuan devaluation and a fall in oil dragged down energy stocks, while Shanghai rose on hopes for more market intervention. The dollar dipped after advancing on solid US retail figures, which fuelled expectations the Federal Reserve […]

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