Author: Lucas

SEOUL, Nov. 10 (Yonhap) — HD Hyundai Heavy Industries Co. said Monday it has won a 435.3 billion-won (US$299.3 million) deal to build two large container vessels from Thai-based container shipper Regional Container Lines. The ships will be delivered to the shipping company by October 2028, the company said. This marks HD Hyundai Heavy’s first deal with Regional Container Lines, a major shipper in the world. With the latest contract, HD Hyundai Heavy has clinched orders to build 61 container ships in 2025, sharply up from 28 the previous year. This undated photo, provided by HD Hyundai Heavy Industries Co.,…

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsSign up to our free breaking news emailsAfter carefully choosing the freshest produce at the market, people face even more choices with vegetables, fruit, meat and dairy products at home that can help prolong freshness, minimize waste and prevent foodborne illnesses. There are several methods to store and preserve food, such as canning and pickling produce, freezing leftover ingredients, and storing food in the refrigerator. Although refrigeration is effective and most households have the appliance,…

GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK, as markets digest scarce economic data amid the ongoing US government shutdown. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3095.Sterling edges higher as Dollar steadies; weak US sentiment data and Fed comments cap market optimismThe Greenback has recovered some ground during the week, yet it remains poised to end with losses of 0.27%, according to the US Dollar Index (DXY), which measures the buck’s value against a basket of six currencies. The DXY is at 99.45 after…

Dean Kaplan is president of The Kaplan Group. He writes about business debt collection & contract negotiations & provides financial advice.The work-from-home movement has dramatically shifted where and how Americans earn a living. This change continues to transform downtown districts where millions once worked, shopped, dined and entertained.For the second straight year, Kaplan researchers analyzed office space available in 19 U.S. cities, focusing on leading financial districts. Comparing changes in liquidity, vacancy and growth, our findings reveal that at least half of these financial centers face serious risks for widespread defaults and fire sales of iconic buildings once bustling with…

KUWAIT CITY, Nov 9: The United States remains the leading destination for Kuwait’s public and private investments, the Kuwait Chamber of Commerce and Industry (KCCI) confirmed on Sunday, underlining the enduring strength and strategic nature of bilateral economic relations.KCCI highlighted that for more than three decades, the US has consistently ranked among Kuwait’s top three trading partners, with bilateral trade reaching USD 3.4 billion in 2023.The statement coincided with KCCI hosting a US commercial and economic delegation on Sunday, comprising several energy-sector companies and led by Darryl Cheng, Commercial Counselor at the US Embassy in Kuwait. The meeting was attended…

Energy Transfer continues to secure new growth opportunities.While Energy Transfer (ET 0.53%) pays a high-yielding distribution (currently 7.8%), growth is a huge part of its DNA. The master limited partnership (MLP) had grown its earnings at a 10% compound annual rate from 2020 through 2024. While growth will slow this year, a reacceleration is on the horizon. The midstream giant has several expansion projects entering service over the next year, which will fuel incremental cash flow. Meanwhile, its longer-term growth outlook just keeps getting better as the MLP secures new expansion opportunities. This growth could give it the fuel to…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is head of thematic fixed income research at BarclaysBond markets have discovered speed — and it’s changing the playbook. Volumes are up, the time needed to transact is way down, and the algos are flexing their market presence hard. US Treasuries now trade faster than you can blink — literally, in milliseconds. Chunky blocks in corporate credit are being traded by algos like high-frequency equities. Even dealing in municipal bonds, historically regarded as akin to watching paint dry in excitement,…

Image source: Getty Images Gilman Hill Asset Management, LLC disclosed a new stake in Kimberly-Clark Corporation (KMB +3.06%) as of its October 15, 2025, SEC filing, with an estimated trade value of $9.92 million.What happenedAccording to a filing with the Securities and Exchange Commission dated October 15, 2025, Gilman Hill Asset Management, LLC reported a new position in Kimberly-Clark Corporation (KMB +3.06%). The fund acquired 79,790 shares in the third quarter of 2025, with an estimated transaction value of $9.92 million. This position represented 1.55% of the fund’s reported U.S. equity assets as of September 30, 2025.What else to knowThis…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.We are still three weeks or so away from Budget day, and the process to get there has been extremely unpleasant for all involved. Highlights, if you can call them that, include a tearful chancellor, wild and frankly ridiculous claims that the country needs an IMF bailout, and a series of political dead ends. Now, we can add broken manifesto promises to the list.But bond investors always knew those manifesto promises would have to go, while other promises on not raising borrowing…

On the podcast last week, we heard why — if you’re looking for something to use as money — none of the elements on the periodic table work quite as well as gold. That was disappointing for our own David Kestenbaum, who had dreams of an osmium standard. Such a pretty blue-gray metal, the densest of the elements! Our expert bumped osmium because it’s too rare — comes in on meteorites, or some such. But it turns out there are a few other reasons that osmium money wouldn’t be such a good idea. They include (but are not limited to)…