Saudi Arabia is “unlikely to continue” with its solo oil production cut, after fellow petro-nations did not join the kingdom in a cut earlier this year, according to wealth manager Julius Baer. In a media update Norbert Rücker, head of economics and next generation...

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The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on whether more increases will be needed to bring down inflation against a worsening economic backdrop. Thursday’s hike, the ninth in a row, increases the rate...

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Fortescue Metals Group on Thursday forecast higher iron ore shipments for fiscal 2024, encouraged by strength across its key operations in Western Australia. The world’s fourth-largest iron ore miner expects to ship between 192 million metric tonnes (Mt) and 197 Mt of...

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Kalmar, part of Cargotec, will supply a total of ten new Kalmar Hybrid Straddle Carriers to Patrick Terminals in Melbourne. The significant order was booked in Cargotec’s 2023 Q3 order intake, with delivery of the machines scheduled to be completed during Q1 of 2024....

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Chinese buyers are currently loading dozens of vessels with around 750,000 metric tons of sugar at Brazilian ports, the first large import movement from the Asian country in 2023. China is traditionally the world’s largest sugar importer. Its movements in the market...

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