Massive investment drives huge growth...
Container Terminal Saint-Petersburg. Source: UCL Holding Container Terminal Saint-Petersburg (CTSP, member of UCL Holding), Russia, invested about RUR 1.5 bln (approx. USD 22.4 mln) in the terminal development in 2016, which is 2.3 times more than in 2015. The funding was used to purchase new
Port of Virginia starts expansion project...
Yesterday at Virginia International Gateway (VIG), US East Coast, survey crews began the preparatory work commencing a USD 320 mln three-year expansion project that will nearly double the terminals annual capacity, announced the Virginia Port Authority press release. The project is the first of two
Amazon sinks more than 3.5% as revenue misses, guidance disappoints... CNBC | 2017-02-02 20:38 UTC
Amazon.com was pummeled on Wall Street Thursday after its holiday season sales fell short of expectations. "Part of the revenue miss might be the ongoing shift to being a third-party marketplace," RJ Hottovy, senior retail analyst at Morningstar, told CNBC's "Closing Bell." "When that happens,
on 2017-02-02 21:54 UTC
Seagate to Shut Down One of Its Largest HDD Assembly Plants...
As a part of its cost-cutting efforts, Seagate has decided to shut down its HDD manufacturing plant in Suzhou, China. The factory is one of the company’s largest production assets and its closure will significantly reduce the company’s HDD out
on 2017-01-13 19:04 UTC
The Chinese Chart That Keeps IMF Up At Night...
As the IIF reported yesterday, in the first 9 months of 2016 global debt rose by $11 trillion, hitting an all time high of $217 trillion, ro 325% of world GDP. Of this increase, the IIF said that China accounted for the “lion’s share” and while China’s relentless debt-funded stimulus continues to
on 2017-01-05 18:58 UTC
MTV's New Chief on His Strategy to Lure Millennials...
Year-over-year, MTV is down 11 percent among its core 18-to-34 demographic and has suffered from creative inconsistencies. "MTV has no brand; no one knows what it is," gripes one agent. "It has to be something or it's going to die."