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☆ The Baltimore bridge disaster is just the latest knock to global shipping and trade
▼ + stars: | 2024-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Over the past few years, supply chain woes have repeatedly come into the spotlight. Since then, global integrated supply chain systems just seem to keep getting disrupted — be it by the COVID-19 pandemic or Russia's war in Ukraine. The domino effect is due to the "just in time" model that supply chains have been relying on for decades. Here are three key reasons why supply chains just seem to keep screwing up in recent years. Examining ongoing conflicts in the Black Sea and Red Sea respectively shows how geopolitical conflicts affect global supply chains.

Persons: —, they've, Donald Trump, Dali, Francis Scott Key, Project44, Nari Viswanathan, Viswanathan, tailspin, Julie Gerdeman, Trump, Rahul Khanna, Geoff Weiss, Allan Post, Justus Heinrich, Khanna Organizations: Service, Business, Maersk, BI, Shipping, Allianz, Allianz Commercial, Technologies Locations: China, Ukraine, Baltimore, The Port, of Baltimore, Europe, Asia, Iran, Israel, Suez, Good, Africa, Panama, El, Egypt

☆ Ships are getting bigger. That's making incidents like the Baltimore bridge collapse more complicated.
▼ + stars: | 2024-03-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Incidents like the Baltimore bridge collapse are "very rare," a marine risk expert told BI. Still, data from marine risk consultants shows that cargo ship safety is improving. AdvertisementDon't jump to conclusions about the dangers of cargo ships after the dramatic destruction of a Baltimore bridge, a marine risk expert says. Rahul Khanna, the global head of marine risk consulting for Allianz, told Business Insider. Once the vessel collided, the sheer size of the ship — weighing some 95,000 tons — made the bridge's collapse inevitable.

Persons: —, Francis Scott Key, Rahul Khanna, Khanna, It's, Maryland's Organizations: Service, Allianz, Allianz Global, Cargo, Engineers, BI Locations: Baltimore, United States

It is the second contest between the two after Mnangagwa won a closely contested poll in 2018, which the opposition allege was rigged. Some 6.6 million people are registered to vote in the nation of about 15 million. LITTLE CHANGE SINCE MUGABE ERAPolitical analysts say Zimbabwe's unending economic maelstrom could tip the contest in favour of the opposition if the election is clean. We will not accept a rigged vote," Chamisa said at his last campaign rally on Monday. If there is no outright winner, a run-off between the top two candidates will be held on Oct. 2.

Persons: Mugabe, Mnangagwa, Emmerson Mnangagwa, Robert Mugabe, Nelson Chamisa, Chamisa, Olivia Kumwenda, Estelle Shirbon, Giles Elgood Organizations: World Bank, International Monetary Fund, Citizens Coalition, MUGABE, PF, Risk Consulting, ZANU, Zimbabwe Electoral Commission, Parliamentary, Thomson Locations: HARARE, Zimbabwe, Shurugwi, Harare

☆ The responsible investing boom is over. Can anything replace ESG?
▼ + stars: | 2023-07-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Environmental, social and corporate governance, or ESG, investing is on a downward spiral. But in 2022, the pace of inflows quickly eased as a confluence of political, geopolitical and market events severely damaged interest in ESG investing. ESG investing took off and became a buzzword — the “artificial intelligence of six years ago,” said Jenkins. Alphabet reported revenue of $74.6 billion, marking a 7% jump compared to last year and beating Wall Street’s estimates. Banc of California reported a much smaller decline in net income of $2.4 million last quarter.

Persons: ESG, Larry Fink, ”, Robert Jenkins, Jenkins, “, ” Jenkins, he’s, What’s, Clare Duffy, Catherine Thorbecke, Wall, ” Thomas Monteiro, —, Elisabeth Buchwald, Jared Wolff, Wolff, PacWest Organizations: CNN Business, Bell, New York CNN, BlackRock, CNN, Lipper, Pleiades Strategy, Google, Microsoft, Wall, Bancorp, Western Bank, Beverly, Santa, Bank Locations: New York, YOLO, Ukraine, Banc, California, Santa Ana, United States

☆ INDIA RUPEE Rupee scales near 3-wk high as Chinese yuan boosts Asian FX
▼ + stars: | 2023-03-01 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, March 1 (Reuters) - The Indian rupee hit a near three-week high against the dollar on Wednesday after a stronger Chinese yuan sparked a rally in Asian currencies. The rupee rose 0.20% to 82.50 per dollar, having strengthened up to 82.37 at one point, near its 55-day moving average of 82.3514 and at its highest level since Feb. 10. There were a "decent" amount of inflows into the market, and the broader sentiment was better, while a pullback in the dollar index helped the rupee, said a dealer at a private bank. Hence, the local unit is likely to stay in the range of 82.60-83.00 in the near term, Krishnamurthy said, noting that technically, only a break of either side on a daily close basis would trigger a directional move. Asian currencies and equities rose in response, while the dollar index fell 0.5%.

MUMBAI, Feb 13 (Reuters) - Indian government bond yields are expected to trend higher this week, as sentiment stays bearish, but debt as well as the local currency will track U.S. and India inflation data. India's headline retail inflation print is due on Monday, followed by U.S. retail inflation on Tuesday. Bond yields jumped after the RBI highlighted core inflation concerns, keeping the door open for another hike. The rupee will take its cues from the U.S. inflation print and its impact on the dollar index, a trader with a private bank said. For the week, the currency could move between 82.10 and 82.80 unless the U.S. inflation data is a big surprise, dealers said.

☆ Indian rupee could see big breakout after being locked in tight range - analysts
▼ + stars: | 2023-01-04 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Jan 4 (Reuters) - The Indian rupee's narrow trading range against the dollar over the last three weeks may set the stage for a big directional move and a jump in volatility, analysts said. Volatility - Anushka"The longer the narrow range prevails ... the higher is the risk of a big eventual break," said Anindya Banerjee, head research - fx and interest rates at Kotak Securities. He pointed to an instance in the recent past when a narrow trading range was followed by a major slide for the rupee. In September-October last year, the rupee fell from 80.00 to 83.29 in just a month after being held in the 79.50-80.00 range. The rupee has repeatedly found support just under the 83 level over the last three weeks.

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