Investments

Investments
Monday, August 3rd 2015 - 14:04 UTC

Two new 180.000GT vessels for Costa Cruises powered by liquefied natural gas

Carnival Corporation’s four next-generation cruise ships for Costa Cruises and AIDA Cruises will be the first in the industry to be powered at sea by LNG

Carnival Corporation & plc announced that its Italian brand, Costa Cruises, has placed orders for two new cruise ships powered by liquefied natural gas as part of an agreement with Meyer Werft to build four next-generation cruise ships with the largest guest capacity in the world.

Saturday, August 1st 2015 - 10:23 UTC

China delivers 'green' state of the art 18.000 TEU 'Vasco de Gama'

 Calling 11 different countries, UK-flagged CMA CGM Vasco da Gama is positioned on the CMA CGM Group's French Asia Line joining Europe to Asia.

Shipping group CMA CGM has taken delivery of the new build box ship CMA CGM Vasco de Gama on July 27. Built by China State Shipbuilding Corporation (CSSC), the 18,000 TEUs vessel, with its 399 meters length and 54 meters width, is the largest ship in the CMA CGM fleet and the largest containership ever built in a Chinese shipyard.

Thursday, July 30th 2015 - 22:31 UTC

UK Overseas Territories agree on a 'unified front' for December's JMC in London

The participants of the meeting in Hamilton pose for the 'family picture' at the end of discussions

Leaders of several British Overseas Territories meeting in Bermuda released a joint statement following a Pre-Joint Ministerial Council two-day meeting held last week in Hamilton. The goal of the international gathering was to discuss matters of common interest in order to present a unified front next December at the JMC in London.

Thursday, July 30th 2015 - 22:28 UTC

For the sixth straight time, Brazil raises interest rate 50 points to 14.25%

Copom said keeping rates at 14.25% level for a sufficiently long period of time was needed for inflation to converge to the target in late 2016.

Brazil's central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.

Thursday, July 30th 2015 - 15:55 UTC

Warren Buffett And Elon Musk To Spark A Lithium Boom

Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for lithium use will be in electric vehicles

The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery giga-factory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor's radar. It has been easy to take lithium for granted.

Thursday, July 30th 2015 - 08:07 UTC

First cargo ships sail along Egypt's new expanded Suez Canal; official opening in August

President Sisi wants the canal to become a symbol of national pride and to help combat Egypt's double-digit unemployment.

The first cargo ships passed through Egypt's New Suez Canal last weekend in a test-run before it opens next month, state media reported, eleven months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez Canal.

Wednesday, July 29th 2015 - 07:10 UTC

Uruguay announces controversial massive infrastructure investment program

President Vazquez and his cabinet during the announcement of the infrastructure investment plan for the next four years

Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.

Wednesday, July 29th 2015 - 05:52 UTC

Volkswagen overtakes Toyota to became world's biggest selling vehicle maker

VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.

Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time. VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.

Monday, July 27th 2015 - 11:58 UTC

Pearson prepared to sell 50% stake in The Economist; deal should be over b by end of summer

Pearson said it was in discussions regarding the sale of the Economist but there was “no certainty that this process will lead to a transaction”.

Publishing company Pearson has confirmed plans to sell its 50% stake in the Economist Group. The statement from the firm came just days after it announced the sale of the Financial Times to Japan's Nikkei.

Friday, July 24th 2015 - 10:15 UTC

Japan's largest media company buys the Financial Times in a £844m deal

The battle for the FT turned into a duel between Nikkei and Axel Springer, two groups keen to develop their global presence in the English-language market.

Nikkei, Japan’s largest media company, is to buy the FT Group from Pearson for £844m, after stunning its rival bidder Germany’s Axel Springer with an eleventh hour offer for the London-based global news organisation. The deal marks the end of an era, bringing the curtain down on Pearson's 58 year ownership of the Financial Times at a time of upheaval in the global media industry.

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