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Paine Webber and Company was an American stock brokerage firm founded in 1880 in Boston, Massachusetts by William Alfred Paine and Wallace G. Webber. The company merged with UBS AG, a banking conglomerate headquartered in Zurich, Switzerland. Initially t ... more
"Will carriers move smaller vessels from the transpacific to Asia/Europe in the slack season?"Lam said.
Lam did not project demand in 2008, but noted that the same conditions that exist this year - a weak U.S. housing market and declining imports of key commodities such as furniture - will continue.That could create some excess capacity, but nevertheless rates will "trend upward," Lam said.
Morgan Stanley estimated these noncore assets are worth about HK$2.5 billion.China Merchants agreed to sell its Singapore-listed toll road unit to parent China Merchants Group for HK$2.95 billion, according to a company statement Thursday.Lam estimated the port operator's net gearing ratio will come down to about 30 percent from 45 percent. "In our view, increased funding capacity should facilitate China Merchants to further expand its port portfolio," Lam said in the report.
The Standard - China Southern parent loses 1.1b yuan in broker failure - Markets Section
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