Oil tanker scrappage to hit record high this yr
SINGAPORE, June 03 (Reuters): The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations.The surge in scrapping underscores how the sector is grappling with...
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US may soon claim $1.7b penalty from China’s ZTE
WASHINGTON, June 03 (Reuters): The Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp, as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter.The Commerce Department is also seeking...
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Global airlines issue warning over trade tensions
SYDNEY, June 03 (Reuters): Growing tension over international trade could damage the airline industry and the world economy, global airlines and aviation executives warned on Sunday.The US government has renewed tariff threats against China and imposed duties on steel and aluminum on US allies Canada, Mexico and the European Union."Any...
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Commercial Bank of Ceylon PLC and Daraz Bangladesh Limited exchanging documents after signing a memorandum of understanding
Chief Operating Officer of Commercial Bank of Ceylon PLC Najith Meewanage and Managing Director of Daraz Bangladesh Limited Syed Mostahidal Hoq exchanging documents after signing a memorandum of understanding at Daraz Bangladesh Limited head office in the city recently
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