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SHANGHAI: The yuan-denominated crude oil futures contracts, which were launched exactly three years ago, are celebrated as China’s first products of their kind to be open to overseas investors, thanks to their strong market resilience, ability to adapt to and thrive in reforms, pricing independence, and demonstrable record in nurturing companies in the sector, experts said.
CAIRO (Reuters): Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday (March 26) to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes.
Insufficient supply of soybean meal helping CPO prices
SINGAPORE (Reuters) - A stuck container vessel in the Suez Canal, which has blocked the flow of goods through the narrow channel, will add strain to global supply chains already stretched by rebounding economic activity and tight shipping container supplies, analysts said on Friday.
Moody's believes that Europe's manufacturing industry and auto industry, including auto suppliers, will be most affected by the temporary closure of the Suez Canal.
CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains for everything from grains to baby clothes.
BEIJING (Xinhua): Chinese and European Union negotiation departments are carrying out a necessary legal review of the China-EU investment agreement, China's Ministry of Commerce (MOC) said on Thursday (March 25).
ISMAILIA, Egypt (Bloomberg): Ships are beginning costly and time-consuming detours around Africa with the Suez Canal still blocked by a massive container vessel, as concerns mount that a complex rescue mission could extend into weeks.