The Strategist
Markets & Industries

Container shipping spot rates are falling down as post-pandemic supply is growing - 03/22/2021

Container shipping spot rates, which have soared several times in the past six months, have begun to fall as supply is increasing. Container spot rates, which have soared several times in recent months, have started a slow decline. The World Container Index, calculated by Drewry, fell 1.7% to $4,94,000 per 40-foot container (FEU) in the week ended March 19.  The price has been slowly...

Morgan Stanley to become the first major investment bank to allow wealthy clients access to bitcoin funds - 03/19/2021

Morgan Stanley will only allow its richest clients to invest in bitcoin funds. They will be able to invest no more than 2.5 per cent of their capital in cryptocurrency assets, and the first investments could be made as early as April. Investment bank Morgan Stanley will be the first major US bank to offer its wealthy clients investments in bitcoin funds. It will open door to the three funds to...

Toyota, Honda cut production due to semiconductor shortages - 03/18/2021

The global shortage of semiconductors resulted production cuts in North America in two Japanese car companies, according to The Wall Street Journal. Honda announced that it would suspend production at almost all of its plants in the U.S. and Canada starting March 22. It is assumed that work at five plants will be suspended for one week, but the company's managers do not rule out that the downtime...

UK carmakers ask to delay ban on gasoline cars - 03/16/2021

UK's biggest car makers have called on the UK government to delay a ban on petrol and diesel-powered cars because of the risk of falling sales and job losses, the Guardian reports. The UK government plans to ban the sale of new petrol and diesel cars and lorries by 2030, 10 years earlier than originally planned. Hybrid cars will be allowed to be sold until 2035. According to the Guardian,...

Mainland China's FDI in use rise up to 31% - 03/15/2021

The volume of foreign direct investment (FDI) actually used in the Chinese mainland economy rose 31.5 per cent year-on-year to 176.76 billion yuan in the first two months of the year, the Chinese Ministry of Commerce said. In dollar terms, inflows rose 34.2 percent year on year to $26.07 billion. Foreign investment in services amounted to 141.74 billion yuan in the period, up 48.7 percent from a...

Survey: Three-quarters of business heads expect GDP growth - 03/12/2021

The majority of global CEOs believe that global GDP will improve this year and that business revenues will grow. This is evidenced by data from a PwC survey of 5,000 CEOs from 100 countries. GDP growth is expected by 76% of respondents, the highest since the question was included in the survey in 2012. At the end of 2019 there were only 22% of such optimists, while 53% were expecting a slowdown...

Saudi Aramco maximises oil prices for Asia and the US - 03/09/2021

Saudi Arabia's state-owned oil and gas company Saudi Aramco has raised April selling prices for all grades of oil for US and Asian customers, while prices have been cut for European customers, Bloomberg reported. "Saudi Aramco raised prices for Arab Light crude for Asia ... by 40 cents a barrel, to $1.4 above the benchmark price," the agency wrote.  The report also specified that oil...

UN expert: The world is running out of sand - 03/08/2021

The world is running out of one of its most important commodities, sand. It is considered the most sought-after resource after water, CNBC says. Sand is the main material used to build roads, bridges, high-speed trains, as well as in the production of glass, silicon chips and others. The world is already facing its scarcity, which will become one of the greatest problems of the 21st century,...

US Fed to continue soft policy until economy recovers - 03/05/2021

US Federal Reserve Chairman Jerome Powell confirmed on Thursday that the central bank intends to keep monetary policy soft until there is a significant improvement in the labour market. "We are still extremely far from our goals of maximum employment and an average annual inflation rate of 2.0%," the Fed chief told the Wall Street Journal. Meanwhile, long-term borrowing costs are rising on the...

S&P: EMEA countries are increasing borrowings - 03/03/2021

Borrowing by EMEA countries (Europe, Middle East and Africa) from the market and commercial banks (including the volume of debt securities placed on foreign and domestic markets and loans) this year will decrease compared with last year by $100bn, to $571bn, as a result the total debt of the governments of these countries may increase by the end of the year at $288bn, to $3.2 trillion, says the...
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