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European stock markets closed slightly lower Friday, erasing gains through the morning and previous session. The Stoxx 600 index provisionally ended 0.3% lower, with major bourses and sectors pointing in …
AP Moeller – Maersk A/S
Biden designates Houthis terrorist group, as U.S. ramps up Red Sea counterstrikes
Houthi supporters hold up rifles as they rally to protest the killing of Saleh al-Samad, a senior Houthi official, by a Saudi-led coalition air strike in Hodeidah, Yemen April 25, …
Red Sea crisis could jeopardize inflation fight as shipping costs spike globally
A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images U.S. shipping costs are spiking as attacks in …
Panama Canal drought moves Maersk to start using land bridge for cargo
View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one …
Shipping boss says Red Sea disruption could hit global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the world’s largest container shipping firms said Thursday. Maersk CEO Vincent …
Maersk to extend Red Sea diversion for ‘foreseeable future’
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Danish shipping giant Maersk …
Global shipping delays cast shadow over strong December jobs report
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty …
Hawkish Fed minutes chill markets further
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Dec. 28, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from today’s CNBC Daily …
Fed minutes dampen market enthusiasm
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Dec. 28, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from today’s CNBC Daily …
Maersk shares gain after shipping firm extends Red Sea pause
Shipping giant Maersk saw a second session of strong gains Wednesday, as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to …