Brazil Charges Former Vantage Drilling Chief with Corruption
Brazilian federal prosecutors on Thursday charged the former chief executive of U.S. oil services company Vantage Drilling with corruption and money laundering,…
Chinese Imports to US Ports Peaking Early
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs"…
Thyssenkrupp Taps Kerkhoff as Interim CEO
Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group's biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger.Hiesinger quit last week after failing to win unanimous shareholder backing for a deal to create a steel venture with India's Tata Steel.Kerkhoff, 50, will run the company until the process of finding a Hiesinger's replacement is completed…
Port of Oakland Container Imports at All-time High
Port of Oakland containerized import volume reached an all-time high last month, according to data released today. The port said it handled the equivalent of 87,207 20-foot import containers in June.
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