Author: Lucas

During the first half of 2025, HMM expanded its container ship capacity by 112,000 TEU year-on-year, following the delivery of nine new vessels. Its tanker fleet also grew by 100,000 dwt, with the … Source link

The International Monetary Fund says the risk of a market correction could be as great as the late 1990s dotcom bubbleChip giant Nvidia has become the world’s most valuable company under CEO and founder Jensen Huang (Image: AFP via Getty Images)One of the world’s top economic bodies has warned of the risk of an AI-fuelled stock market bubble.The International Monetary Fund flagged “echoes” of the current surge in artificial intelligence companies and the dotcom bubble of the 1990s – which later burst, with trillions wiped off shares. It is seen as a warning to investors who think backing tech firms…

Steve Rowles, senior portfolio manager at TriVest Wealth Counsel, Wellington-Altus Private Counsel, joins BNN Bloomberg to discuss finding opportunities in tech Markets remain supported by strong earnings from tech and financial stocks, with gold and silver continuing to rally amid global uncertainty. Investors are watching how renewed trade friction between the U.S. and China, combined with fiscal risks in Washington, could affect valuations already at late-1990s levels.BNN Bloomberg spoke with Steve Rowles, senior portfolio manager at TriVest Wealth Counsel with Wellington-Altus Private Counsel, about where investors are finding opportunity in a momentum-driven market and how sectors like utilities and consumer…

Written by Nick Blenkey Photo: CMA CGM The CMA CGM Group has signed a letter of intent for six state-of-the-art LNG-powered 1,700 TEU containerships to be built at Cochin Shipyard Limited (CSL), India. The move makes the group the first major foreign carrier to commission LNG-fueled vessels from an Indian shipyard. All six vessels will be registered under the Indian flag. The vessels will be delivered from 2029 to 2031, in line with the group’s fleet renewal and energy transition strategy. CMA CGM says that the newbuilds demonstrate its commitment to a more sustainable shipping as they can operate on LNG…

Investors with a lot of money to spend have taken a bullish stance on MercadoLibre (NASDAQ:MELI).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with MELI, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga’s options scanner spotted 10 uncommon options trades for MercadoLibre.This isn’t normal.The overall sentiment of these big-money traders is split between 40% bullish…

The federal government of Nigeria has said that the country will host a World Investment Summit (WIS) next year, a responsibility it estimates could earn the country up to $5 trillion in foreign direct investment (FDI). The nation’s capital city will host this event in April 2026, which will convene up to 80 heads of state and government, 96 ministers, 800 speakers, and 8,000 participants globally, for discussions centred on “Unlocking Capital, Accelerating Development, Driving Prosperity.” Officials say it will “promote investment opportunities, strengthen global partnerships, and shape policies that drive inclusive growth.” Prince Adeniyi Adeyemi, the director-general of the…

Vijayawada: Union minister of state for heavy industries and steel, Bhupathiraju Srinivasa Varma, has sounded confident that Andhra Pradesh will become a Super AP under the able leadership of its chief minister and deputy chief minister.Addressing a public meeting on ‘Super GST-Super Savings’ at Nannuru village in Kurnool district on Thursday, the minister said, “PM Modi visited AP four times in the last 10 months showing his commitment and dedication to develop AP and the Centre invested lakhs of crores of rupees during his visit for the benefit of our state.”He recalled that Modi visited Visakhapatnam to launch projects worth…

TORONTO — Canadians send billions of dollars abroad every year, and pay hundreds of millions of dollars for the privilege.While the growing number of options to send money has helped push fees down, it still on average costs about six per cent, or $12, to send a typical $200 remittance from Canada, according to the World Bank.Meanwhile, the volume of remittances from Canada has soared to top $18 billion last year, up from a little over $7 billion a decade ago, meaning even more money is being swallowed up by fees.Stablecoin advocates, however, think they can help.“You can quickly send…

Gold maintains its record-setting advance early Thursday, after having settled Wednesday above the $4,200 threshold.Gold could see some profit-taking ahead of FedspeakAmidst sustained US Dollar (USD) weakness and persistent demand for safe havens, Gold – a traditional store of value –  extends its record run into the fourth consecutive day on Thursday.Gold buyers remain defiant as the ongoing trade spat between the United States (US) and China keeps investors on edge, while uncertainty over the US economic prospects in the face of the government shutdown also dent the sentiment around the Greenback.US Trade Representative Jamieson Greer on Wednesday said that…

The federal government has transferred nearly 200 acres of former Department of National Defence land to the Snuneymuxw First Nation near Nanaimo. The land, which is made up of several parcels, totals 194.7 acres (78.8 hectares) and is being added to the nation’s reserve lands through the federal government’s “addition to reserve” process. The property is located in the Mount Benson (Snuneymuxw’s te’tuxwtun) area, and the nation is looking at using the land to build housing, commercial spaces, enhanced infrastructure and “other economic development opportunities,” according to a joint release from the Snuneymuxw First Nation and Ministry of Crown-Indigenous Relations…