Japanese regional banks continue to expand local newbuilding investment market
Finance
Hot Freight Opinions: Reaction to Knight’s LTL move
Earlier this week, Knight-Swift Transportation officially stepped into the LTL arena by acquiring AAA Cooper Transportation for $1.35 billion. The ramifications of the deal are potentially far-reaching — not only for the two companies but for the industry as a whole.
We asked FreightWaves experts to provide us their HFOs (Hot Freight Opinions) on the deal.
Craig Fuller, founder and CEO
The KNX management team has one of the best track records of integrating large, transformative deals into their...
https://www.freightwaves.com/news/hot-freight-opinions-reaction-to-knights-ltl-move
Descartes continues customer-driven acquisition strategy with GreenMile purchase
In the supply chain software provider’s earnings call in June, Descartes Systems Group’s CEO explained the company’s recent spree of acquisitions in order to fulfill customers’ growing business needs.
“We listen to our customers about where to invest for the future, and as a result, our acquisition strategy is very much customer-driven,” said Edward J Ryan.
“Last year, we bought three businesses and this year we’ve already bought two. We believe there continues to be a number of good quality,...
GLOBAL & REGIONAL DAILY (Thursday, 8 July 2021)
GLOBAL & REGIONAL DAILY (Thursday, 8 July 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 8 2021
Global Markets
US Treasuries extended recent gains reflecting a continued unwind of the reflation trade, while the USD gained broadly after the latest FOMC minutes confirmed that the Committee began talking about tapering asset purchases. Focus today is on the results of the ECB Strategy Review at 13:00 CET followed by a press conference at 14:30 CET.
Greece
According to ELSTAT’s monthly labour force survey...
https://allaboutshipping.co.uk/2021/07/08/global-regional-daily-thursday-8-july-2021/
Monetary policy inertia risks financial crisis and climate change inaction
Monetary policy inertia risks financial crisis and climate change inaction
Thursday 8 July 2021 Vol.12 Ed.27.4
Commentary: Central banks must change course to avoid possible financial crisis
By Jacques de Larosière in Paris
Central banks around the world, led by the Federal Reserve, appear to wish to stick to the ‘static approach’ of monetary policy, maintaining their present unconventional stance for as long as possible. Following this course during the recovery from Covid-19 could eventually...
Avance Gas clinches $104m of green financing for new dual-fuel VLGCs
John Fredriksen-controlled company says interest margin will be adjusted depending on carbon intensity performance
Temasek to subscribe for bulk of Sembcorp Marine’s latest rights issue
Singapore sovereign wealth fund says its intention is to keep shipyard group listed in city state
Coast raises $6M to disrupt industry payment incumbents with fintech solutions
With a rise in last-mile delivery and an increasing need for more capacity on the road, payments and finance startup Coast aims to provide advanced technology for managing fleet-related expenses.
Founded by Daniel Simon and former Lyft executive Andrew Woolf, the company announced Wednesday it has raised an oversubscribed $6 million seed round following its initial $3.5 million round in September. The latest round was led by Better Tomorrow Ventures with participation from Avid Ventures,...
New Publication* Greece and the Euro: From Crisis to Recovery
New Publication* Greece and the Euro: From Crisis to Recovery
The eight-year adjustment program followed by Greece in the aftermath of the 2010 crisis was concluded in the summer of 2018. The program was associated with the deepest and longest recession in Greece’s post war history.
While the Greek economy appeared to be on a path to a partial recovery after 2017, in 2020 it was hit by another major negative shock, that of Covid-19, which has caused a further deep international recession.
| Thi... |
Nabis diversifies cannabis brands with $23M raise for distributor marketplace
According to a recent study by New Frontier Data, 43% of the U.S. adult population will reside in the 18 states that have or are expected to have legalized recreational marijuana by 2022.
To keep up with the rising demand, the cannabis industry has turned to technology solutions providers like Dutchie and Weedmaps to handle the estimated $40 billion of transactions expected to flood the market by 2025.
Related Article: Dutchie raises $200M for cannabis fulfillment, acquires LeafLogix and...