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NEW YORK: Asian shares were set to open higher on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher.
NEW YORK: Oil prices rose nearly 1% on Monday after Reuters reported that Russia would support stable oil output from OPEC+ ahead of a meeting with the producer group later this week.
LONDON (Reuters) - The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance policies do not cover them, industry sources say.
ISMAILIA, Egypt (Reuters) - Shipping is on the move again in the Suez Canal after a container ship that had blocked the waterway for nearly a week was refloated, two marine sources and a shipping agency said on Monday.
SINGAPORE: As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the side of the road, opened up his laptop and started buying shipping stocks.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (March 29)
SUEZ, Egypt (Reuters) - A giant container ship that was jammed across the Suez Canal and has been partially refloated swung back across channel amid high wind on Monday ahead of the next attempt to fully dislodge it, a Reuters witness and a canal source said.
COPENHAGEN/LONDON (Reuters) -The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.