News
Top Glove halts dividend payout to preserve cash
KUALA LUMPUR (Oct 7): Top Glove Corp Bhd is halting its dividend payout to preserve cash holdings, after its plant utilisation (PU) rate declined from 52% in the second quarter ended Feb 28, 2022 (2QFY22) to 35% in 4QFY22, amid low average selling prices
Japanese rubber climbs
SINGAPORE: Japanese rubber futures rose on Thursday, supported by stronger crude prices, although trading remained thin due to the week-long holiday in top buyer China.
Ocean freight orders are signaling a big drop in consumer demand
A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop in ocean freight orders for the months of September and October. The decline in demand cuts across many products, including mac
UK may already be in recession - Bank of England
The Bank of England has raised interest rates from 1.75% to 2.25% - the highest level for 14 years - and warned the UK may already be in a recession.
Globalization of trade isn’t ending, despite Covid, war, inflation
Forecasts for global trade to slow down as supply chains reposition through nearshoring and reshoring of manufacturing operations is not happening, according to a new report by DHL Express and the NYU Stern School of Business.
Canceled sailings, stuck vessels, warehouse prices show U.S. ports are still struggling
Ocean carriers continue to cite congestion at U.S. and Canadian ports as the reason for canceling sailings in September, a cut in vessel service that has been flagged in previous CNBC reporting
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