"The recovery is on its way," proclaimed one analyst, speaking about the dry bulk sector ... in 2014. "The trough is now squarely in the rear-view mirror," said another a half-decade ago. As it turned out, dry bulk earnings set fresh lows in early 2015, came up a little, then crashed to an all-time nadir in early 2016....
Reuters is reporting that Google’s parent company, Alphabet, has made an offer to acquire Fitbit. Yahoo Finance’s Akiko Fujita and Dan Howley discuss on The Ticker....
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China has found a way to get the Canadian vegetable oil it needs, after shunning direct imports from the country earlier this year, according to FarmLink.Canadian Grain Commission data for September shows canola exports to the United Arab Emirates jumped 533% from last year to 93,100 tons. Canola from Canada is getting crushed there, and then the oil is being exported to China, said Neil Townsend, a senior analyst at FarmLink in Winnipeg, Manitoba.Vegetable “oil demand in general is pretty good,” Townsend said in a phone interview. What the UAE is doing is “exporting tangible amounts of canola oil to China,” he said, allowing the Asian giant to get a needed commodity “through a backdoor.”China was the top of importer of Canadian canola before this year. The Asian nation would crush the...
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