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More Hanjin ships seized, as freight rates surge and cargo owners fret

Hanjin Shipping vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives.Seeking to contain the fallout, a South Korean court said it would soon begin proceedings to rehabilitate the carrier - which would allow Hanjin to
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US to blame for trade talks failure: French minister

U.S. protectionism is being blamed by French and German government ministers for important free trade talks between the U.S. and the European Union teetering on the brink of collapse. "Those who are protectionist are Americans, Europe is very open," Matthias Fekl, France's Minister of State for Foreign Trade, Tourism and French Nationals Abroad, to
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Fitch: Sharp US Wage Shock Could Cause Global Tightening; Major Slowdown

A domestic US wage cost shock could lead to substantial financial tightening, which would result in a significant slowdown in the world economy, according to a new global macro scenario report from Fitch Ratings. In the report Fitch economists explore the consequences of a much faster-than-expected pick-up in US wage growth and the impact on econom
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European shares open steady before key U.S data

European shares were little changed in early deals on Friday, as investors awaited for key U.S. jobs data later in the day for clues about the Federal Reserve's next interest rate hike. By 0709 GMT, the pan-European STOXX index was up 0.01 percent, following a flat close in the previous session. SBM Offshore plunged 10 percent, leading STOXX losers
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European shares boosted by rally in banks, miners

* STOXX 600 rises 0.6 percent * Deutsche Bank, Commerzbank lead banks higher * Commodity stocks rebound from weakness * Elekta jumps after results LONDON, Sept 1 European shares rose at the open on Thursday, buoyed by a rally in banks and a recovery by commodity stocks after recent falls. Banks gained 1.6 percent, the top sectoral risers, with talk
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Bank stocks are back as investors dash from cash -BAML

Investors pulled billions of dollars out of cash in the latest week and turned towards an array of bond funds and equities -- notably bank stocks -- ahead of the keenly awaited August U.S. employment report, Bank of America Merrill Lynch said on Friday. Precious metals funds suffered their biggest weekly outflow of the year as expectations of highe
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More Hanjin ships seized, as freight rates surge and cargo owners fret

Hanjin Shipping vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives.Seeking to contain the fallout, a South Korean court said it would soon begin proceedings to rehab
Read more...

US to blame for trade talks failure: French minister

U.S. protectionism is being blamed by French and German government ministers for important free trade talks between the U.S. and the European Union teetering on the brink of collapse. "Those who are protectionist are Americans, Europe is very open," Matthias Fekl, France's Minister of State for Fore
Read more...

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