Latest News for: Shipping financial services

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Tankers ready for new trading map as Monday’s Russia ban looms

Splash24/7 02 Dec 2022
A new set of extended regulations banning much of the Western world fleet plus ancillary shipping services from touching Russian cargoes will come into effect on December 5, coordinated by the UK’s Office of Financial Sanctions Implementation (OFSI), the Office of Foreign Assets ...
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EU tentatively agrees Russian oil price cap – Reuters

Russia Today 02 Dec 2022
The proposed $60 a barrel ceiling on seaborne crude from Moscow is lower than initially intended ... The restrictions would ban shipping and services needed to transport Russian oil, such as brokering, financial assistance and insurance, unless the cargoes are purchased at or below the cap.
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GigaCloud Technology Inc Announces Third Quarter 2022 Financial Results

Eagle-Tribune 30 Nov 2022
2 GigaCloud Marketplace GMV means the total gross merchandise value of transactions ordered through our GigaCloud Marketplace including GigaCloud 3P and GigaCloud 1P, before any deductions of value added tax, goods and services tax, shipping charges paid by buyers to sellers and any refunds.
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Pitney Bowes to Present at the Bank of America Leveraged Finance Conference

Maryville Daily Forum 29 Nov 2022
PBI), a global shipping and mailing company that provides technology, logistics, and financial services, ... Pitney Bowes (NYSE.PBI) is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500.
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Modi’s GIFT city aims to take on Singapore, Dubai; Tax holidays, other exemptions drawing businesses

Financial Express 29 Nov 2022
Modi’s government has offered an array of incentives, including a 100% tax holiday for a decade to businesses that set up within the hub’s International Financial Services Center, or IFSC ... to businesses that set up within the hub’s International Financial Services Center, or IFSC.
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GIFT City: India's free-market oasis aims to take on Singapore and Dubai

The Times of India 29 Nov 2022
India's newest financial hub is rising from scrubland near the banks of the Sabarmati River once dominated by marsh birds and grazing buffalo ... Modi's government has offered an array of incentives, including a 100% tax holiday for a decade to businesses that set up within the hub's International Financial Services Center, or IFSC.
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EU considers price cap of $65-70 on Russian oil

The Times of India 24 Nov 2022
The price cap would ban companies from providing shipping and services, such as insurance, brokering and financial assistance, needed to transport Russian oil anywhere in the world unless the oil is sold below the agreed threshold ... narrowed the penalties on shipping provisions.
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HK to shine as world hub for logistics

ECNS 23 Nov 2022
"The Lin-gang Special Area focuses on the aviation, shipping and financial services sectors," Yang said, and there are collaboration opportunities between companies located in Yangtze River Delta and those in Hong Kong in these aspects ... international shipping hubs ranking report.
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EU considers imposing price cap of $65-$70 on Russian oil

Live Mint 23 Nov 2022
... sanctions package on Russia as soon as possible.The price cap would ban companies from providing shipping and services, such as insurance, brokering and financial assistance, needed to transport Russian oil anywhere in the world unless the oil is sold below the agreed threshold.
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European Union could cap Russian oil at $65-$70 a barrel: Report

Hindustan Times 23 Nov 2022
The price cap would ban companies from providing shipping and services, such as insurance, brokering and financial assistance, needed to transport Russian oil anywhere in the world unless the oil is sold below the agreed threshold ... Penalties on those ships would now be limited to a 90-day period and apply only to Russian oil.
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Five Reasons Why G7's Price Cap on Russia's Oil is Doomed

Sputnik 23 Nov 2022
Western allies are scheduled to approve a price cap on Russia’s oil exports on Wednesday. The cap will ban companies from providing shipping and financial services needed to deliver Russian crude unless it is sold below the agreed limits. Will the plan work? ....
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It's time-out for leap seconds

Phys Dot Org 21 Nov 2022
From 2035, leap seconds will be abandoned for 100 years or so and will probably never return ... Leaping into danger ... More broadly though, consider the networked critical infrastructure our world runs on, including electricity grids, telecommunications systems, financial systems, and services such as collision avoidance in shipping and aviation ... ....
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India can buy as much Russian oil as it wants, Yellen says. The caveat: it ...

Business Insider 16 Nov 2022
However, India can't use Western shipping, insurance, and financial services in such deals, she said. It would be tough for heavily sanctioned Russia to find substitutes for such Western services, she said ... and maritime services ... And many buyers are reliant on Western services.".
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Walmart attributes quaterly loss to opioid settlement, notes rising sales

Arkansas Democrat-Gazette 16 Nov 2022
Brian Yarbrough, a retail analyst with financial services firm Edward Jones, said investors weren't fazed by what they see as one-time costs ... Sam's Club's e-commerce net sales grew 20%, with strong contribution from both curbside pickup and ship-to-home services ... Chief Financial ...
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Walmart posts loss in 3Q but sales rise

Arkansas Democrat-Gazette 16 Nov 2022
Brian Yarbrough, a retail analyst with financial services firm Edward Jones, said investors weren’t fazed by what they see as onetime costs ... “Solutions and services have emerged as Walmart’s stealth power plays,” Spieckerman said ... Sam’s Club’s e-commerce net sales grew 20%, with strong contribution from both curbside pickup and ship-to-home services.

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