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The world's largest container shipping company A.P. Moller-Maersk A/S (MAERSK-B.KO) Friday posted a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit, but said it expects container transport demand to remain subdued this year amid "challenging" conditions.Last year's earnings were boosted by the settlement of a tax dispute in Algeria.The Danish shipping and oil conglomerate said it is maintaining its full-year guidance, expecting a result for 2013 below that of 2012 of $4 billion, while the net result excluding exceptionals is expected to be in line with the 2012 figure of $2.9 billion."Global demand for seaborne containers is expected to increase by 2%-4% in 2013, lower on the Asia-Europe trades but supported by higher growth for imports to emerging economies," the company said.Indications for the first quarter of 2013 "show modest improvements in the global demand for container transport, ref...
Danish conglomerate A.P. Moller-Maersk A/S's (MAERSK-B.KO) unit Maersk Oil Tuesday said the DUC joint venture's total oil production fell to 164,700 barrels per day ...
The bad news, part of the bad news anyway, is that the iShares MSCI South Korea Capped Index Fund (NYSE:EWY) is down 12.5 percent year-to-date. That makes EWY, one o...
China Shipping Container Lines (2866.HK) plans to order five triple-E container ships, becoming the second operator after market leader A.P. Moller-Maesk A/S (MAERSK...
A deal-making frenzy in Asia's insurance industry is turning up the heat on buyers to fork out huge sums or miss out on a prime chance to tap into the sector's faste...
Some ETFs hold stocks. Others focus on bonds. Still others hold real estate investment trusts or master limited partnerships. Then there is the breed of ETF that off...
Eleven European companies have joined forces to further the development of power-to-gas, a concept to convert electricity to natural gas that could be used to store ...
As reluctant as many investors may be to admit it, the leading sectors among U.S. stocks over the past three years are decidedly defensive. Meaning consumer staples,...
Shares of Dow component Procter & Gamble (NYSE:PG), the world's largest consumer products company, are plunging by more than 4.5 percent Wednesday after the company ...
Procter & Gamble Co is increasing the time it takes to pay for supplies and offering financing to help mitigate the impact a longer payment cycle could have on small...
Much has been made of low volatility sectors leading U.S. equities to new all-time highs. Sectors such as consumer staples and utilities are driving the broader mark...
A.P. Moller-Maersk A/S (AMKBY) stuck to its forecast for a lower net profit in 2013 as weak economies in developed markets continue to hold back container shipping r...
Australia's economy, the world's 12th-largest, has dodged recession for 21 consecutive years and seems to be on firm footing. For investors, the environment for Aust...
Despite constant refrains regarding compelling valuations , Chinese stocks and the corresponding ETFs got off to disappointing start this year. For most China ETFs, ...
Bolstered by an accommodating Food & Drug Administration and promising recent clinical results for drugs aimed at treating conditions such as hepatitis C and multipl...
It seems like only yesterday that most Chinese Internet stocks not called Baidu (NASDAQ:BIDU) and a couple of other big names were left dead. Being the Amazon (NASDA...
For over three years, the utilities sector has been a leadership group, cementing the notion that investors have been somewhat apprehensive about the broader market ...
Hyundai Heavy Industries Co. (009540.SE) said Monday that it had received a $700 million container ship order from China Shipping Container Lines Co. (2866.HK), taki...
The owners of the world's containerships are the people responsible for making globalization a reality. Their fleets transport 90% of world trade in manufactured goo...
It's no secret that defensive industry sectors like consumer staples and utilities have been leading major U.S. stock market benchmarks to all-time new highs. But ha...
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