Monday 21 March 2022 – Vol.13 Ed.12.1
Commentary: Cocktail of private debt and inequality makes US more vulnerable to stagflation
By Julian Jacobs in London
The Ukraine crisis is a portentous event for the global economy. The combination of rising prices and stifled growth is presenting central banks and governments with a dilemma about the possible emergence of stagflationary pressure. Yet the macroeconomic conditions that have left the US economy vulnerable to economic shocks have remained...
War and wrong sort of inflation bring back memories and lessons of the sixties
Friday 11 March 2022 – Vol.13 Ed.10.5
Bulletin: Return of guns and butter: war, inflation and central banks
By David Marsh in London
The world’s three most widely followed central banks have all got their inflation forecasts spectacularly wrong over the past 12 months. With the mood darkening after the start of the Russian invasion of Ukraine on 24 February, parallels with the 1960s and 1970s are growing ever more...
Russia’s invasion of Ukraine compels central banks and G7 to take action
Thursday 10 March 2022 – Vol.13 Ed.10.4
Commentary: Ukraine conflict cripples G20 but unifies G7
By Mark Sobel in Washington
Russia’s invasion of Ukraine crystallises key shifts underway in global governance. Among others, it will cripple the G20 and elevate the G7. To the extent there is a now an East/West split, the new East consists of Russia with half-hearted Chinese backing. With fissures torn open between the West and...
Sanctions and resultant ripples throughout the Maritime Industry
I never thought I would write about the effects of recently imposed sanctions affecting trading for the CIRM member companies and the wider maritime world, but the issue became rather important on Wednesday last week when our company Bank rang up to say that unless we took positive action we would lose the account!
We had to confirm to them “as from today no longer intend to trade with...
Press comment – sanctions on Russian ships
Nick Austin, shipping partner at global law firm Reed Smith, said: “The Department for Transport’s guidance on the banning of ships with Russian connections from UK ports is still developing, given that accurately identifying whether a vessel is “Russian” is not as easy it sounds.
“For example, under the current rules a ship is not Russian just because it has Russian crewmembers or a Russian captain. For the rules to bite, there has to be a...
https://allaboutshipping.co.uk/2022/03/09/press-comment-sanctions-on-russian-ships/
Three major consequences of the Ukraine conflict
Wednesday 9 March 2022 – Vol.13 Ed.10.3
Commentary: Reserves freeze sends shivers through Moscow
By Shahin Vallée in Berlin
Europe’s reluctance to agree Swift-based sanctions free from exclusions has brought a far stronger policy response: freezing the assets of Russia’s central bank. The private financial system is therefore not fully isolated from the global payments system allowing at least energy-related transactions to be settled, but the...
https://allaboutshipping.co.uk/2022/03/09/three-major-consequences-of-the-ukraine-conflict/
Shell heads for more Russian exits
8 March 2022
Shell heads for more Russian exits
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’Shell’s apology for buying Russian oil shows just how strong the winds of change are blowing through the corporate world. After coming under huge criticism over the weekend for snapping up a shipment of Russian crude at a bargain price, the company is putting reputation before immediate profits and severing more ties with the country....
https://allaboutshipping.co.uk/2022/03/08/shell-heads-for-more-russian-exits/
Commodity chaos – while equity markets calm
8 March 2022
Commodity chaos – while equity markets calm
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’The breath taking rise of commodities is causing a whirlwind of anxiety on financial markets and exchanges, as traders speculate about the knock on effects of the Ukraine conflict. Nickel prices seriously hit nerves today, with trading suspended on the London Metal Exchange, after a record breaking...
https://allaboutshipping.co.uk/2022/03/08/commodity-chaos-while-equity-markets-calm/
Look ahead to FTSE 350, other companies reporting & economic events from 28 February to 4 March