Author: Admin

CapesizeThe Capesize market endured a challenging week, marked by a steady decline in rates and a sharp deterioration in sentiment midweek. The BCI 5TC fell from just above $29,000 on Monday to $22,595 by week’s end, pressured by unconfirmed reports that China’s state-run buyer CMRG had suspended BHP iron ore purchases. While BHP shipments to China have continued, the rumours amplified bearish sentiment at a time when Golden Week was already expected to dampen activity. In the Pacific, C5 offers slid from above $11.00 to below $9.00 before finding some stability towards the week’s close. The Atlantic proved mixed, fresh…

Colin Cowherd explains why the Philadelphia Eagles’ coaching is to blame for their offensive woes, especially in their 21-17 loss against the Denver Broncos. He then makes his case for Dak Prescott being a legitimate MVP candidate (runner-up MVP vote from Colin).

For local businesses, the lower cost of borrowing will encourage them to take up new loans, especially for exporting businesses. Lending to trade-related sectors, such as manufacturing, wholesale and retail trade, and transport and storage picked up notably in 2025, supported by buyers abroad front-loading their purchases ahead of US tariffs.Lower interest rates will also likely provide relief for the construction sector as it relies on commercial bank loans to finance its operations. Construction firms have already been trending towards a lower risk of defaulting on repayments, though it is still high compared to all commercial bank loans. Higher labour…

This political impasse does not resolve underlying policy disagreements, but instead creates costs ultimately borne by taxpayersTHE US federal government shut down last Wednesday (Oct 1), after lawmakers failed to reach an agreement to extend government funding. This is the first shutdown since 2019, with economic ramifications already becoming apparent across multiple sectors of the American economy.EY-Parthenon chief economist Gregory Daco estimates that each week of the ongoing shutdown could cost the economy US$7 billion, and reduce gross domestic product growth by 0.1 percentage point. While short-lived shutdowns are unlikely to have broad financial impacts, economists and analysts suggest this…

[NEW YORK] Oil prices gained about 1 per cent on Monday after the Opec+ production increase planned for November was more modest than expected, tempering some concerns about supply additions, though a soft outlook for demand is likely to cap near-term gains.Brent crude futures settled 94 cents, or 1.46 per cent, higher at US$65.47 a barrel, while US West Texas Intermediate crude was at US$61.69, up 81 cents, or 1.33 per cent.“The market feel that the actual amount of oil that is going to hit the market is far less than what they announced, given that some of the Opec+ members are already producing…

Image Source: Bing Image. License: All Creative Commons A squadron of €10,000 discounted drones has been continuously colliding with EU major airports, breaching NATO airspace, and landing on Polish, Czech, and Belgian military bases. The intrusions, commonly attributed to Russia’s hybrid war campaign, are not only intimidations, but also technological demonstrations of demonstrating Europe’s air defense worth and wasting costly interceptors. Image Source: Bing Image. License: All Creative Commons These intruder UAVs are usually made of lightweight materials like plywood and Styrofoam, which are difficult to detect by radar and anti-ship missiles with infrared seekers. They fly low, and their…

Michael Cohen College Football and College Basketball Writer Heading into the weekend, it certainly seemed like Saturday’s slate of Big Ten games might unfold in relatively straightforward fashion. A handful of teams were on bye, including highly ranked Oregon and Indiana, and schools like Ohio State and Penn State were massive favorites. Few people, if any, could have forecasted what happened at the Rose Bowl, where winless UCLA pulled the most stunning upset of this young college football season, shaking the Nittany Lions to their core with a 42-37 victory that could carry significant College Football Playoff ramifications. It was, from…

AUGUSTA, Maine — AUGUSTA, Maine (AP) — Authorities in Maine are investigating an allegation that dozens of unmarked ballots that were to be used in this November’s election arrived inside a woman’s Amazon order.The town of Ellsworth reported to the state last week that it was missing a shipment of 250 absentee ballots, Secretary of State Shenna Bellows said Monday. That happened the same day a woman in a town roughly 40 miles (65 kilometers) away reported finding bundles of ballots — 250 in all — wrapped in plastic inside the box that contained her delivery from Amazon.The secretary of…

The economy is projected to recover in the second half of the year, and policymakers may decide against a knee-jerk reaction to the poor GDP number[WELLINGTON] New Zealand’s central bank is expected to cut interest rates this week, but economists are divided over how aggressively it will respond to the weak economy.The Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee (MPC) will lower the Official Cash Rate (OCR) by 25 basis points to 2.75 per cent on Wednesday (Oct 8) in Wellington, according to 15 of 25 economists surveyed by Bloomberg. The remainder predict a 50-point cut to 2.5…

Colin Cowherd explains why the Philadelphia Eagles’ coaching is to blame for their offensive woes, especially in their 21-17 loss against the Denver Broncos.