How to strike the right balance in high yield bonds
Strong 2016 performance and a sharp rally in credit spreads have prompted some investors to take a cautious view of high yield bonds.
Latin America’s most technologically advanced shipping terminal opened in April at Lázaro Cárdenas with a ceremony attended by heads of state and shipping industry royalty, according to the Wall Street Journal.
The first freight train to run from Britain to China departed this month, reports Reuters, carrying goods like vitamins, baby products and pharmaceuticals as Britain seeks to burnish its global trading credentials for when it leaves the European Union.
As Frankfurt, Paris and Dublin vie for financial jobs that may move from London after Brexit, Bloomberg reports that two of Japan’s biggest banks have been quietly building their presence elsewhere: Amsterdam.
South Korean conglomerate LG Electronics Inc. is planning to build a new washing machine factory in Tennessee, its first major U.S. plant, and hire at least 600 workers by the end of 2019, according to the Wall Street Journal.
In the break room at the Dakota Provisions LLC turkey plant in Huron, S.D., employees are just as likely to hear safety instructions in Thai or Burmese as in English, reports the Wall Street Journal. Well over half of the 1,050 employees are Karen, ethnic minorities from Myanmar who have fled their native country.
Imports surged at the nation’s ports in January, buoyed by a postelection swell in consumer confidence, retailer restocking after the holidays and a strong dollar that made imported goods cheaper, according to the Wall Street Journal.
For at least a decade, Ryanair Holdings Plc CEO Michael O’Leary dreamed about coming to America, bringing the Irish carrier’s insanely low fares to the other side of the pond, reports Bloomberg. A leader among ultra low-cost airlines, Ryanair had global ambitions.
After a long rough patch, Indian aviation is finally taking off, but that burst of growth is now taking a toll on the industry's infrastructure, according to Reuters.
As long-term global average temperatures steadily rise, and international efforts to address them fall short, some scientists and engineers are working on increasingly desperate solutions to the symptoms of global climate change, according to Bloomberg.
According to Reuters, China will soon be dethroned by Japan as the top holder of U.S. government debt. Why? The Chinese central bank has been dipping into its foreign exchange reserves to support the yuan, while its Japanese counterpart has been content to allow the yen to weaken.
Hyundai Merchant Marine Co. and Mediterranean Shipping Co. are the leading contenders to buy the biggest container terminal in Long Beach, Calif., according to the Wall Street Journal, in a joint bid that may bolster the Korean operator’s effort to join a major shipping alliance.
According to CNBC, the European Central Bank (ECB) announced a continuation of the bank's generous asset-buying program on December 12, although a reduced pace of purchases is set to start from April next year.
Reuters reports the U.N. Security Council imposed new sanctions on North Korea on Wednesday aimed at cutting its annual export revenue by a quarter, after Pyongyang carried out its fifth and largest nuclear test so far in September.
Japan's small firms, many of which are “mom-and-pop” operations, are dying out as their aging owners struggle to find successors, according to Reuters.
Indian Prime Minister Narendra Modi’s “Make in India” program, designed to bring more high-grade manufacturing to the subcontinent, is facing a labor shortage, according to the Wall Street Journal.
Indian Railways has slashed the cost of transporting iron ore exports for the first time since March of 2012, according to The Economic Times.