OceanX: India Shining + freight rate horror stories = crumbs of comfort
Optimism or realism?
UPS: CLOSING DEALSGXO: LOOKING FOR VALUEXOM: LNG PARTNERSHIPXPO: UNDER PRESSUREDSV: GAUGING UPSIDEAAPL: 'NOT ENOUGH'AAPL: SMART RACELINE: NEW LOW AMZN: NEW INVESTMENTEXPD: 'NO-LAYOFF POLICY' EXPD: LEGAL RISK FWRD: REACTIONWTC: BOLT-ON DEALDSV: BLACKROCK HOLDING UPDATE
UPS: CLOSING DEALSGXO: LOOKING FOR VALUEXOM: LNG PARTNERSHIPXPO: UNDER PRESSUREDSV: GAUGING UPSIDEAAPL: 'NOT ENOUGH'AAPL: SMART RACELINE: NEW LOW AMZN: NEW INVESTMENTEXPD: 'NO-LAYOFF POLICY' EXPD: LEGAL RISK FWRD: REACTIONWTC: BOLT-ON DEALDSV: BLACKROCK HOLDING UPDATE
Finally, some action from the Indian government. It has raised its heavily subsidised diesel prices by more than 12% in a bid to cut the budget deficit and remove the threat of being downgraded to junk status by ratings agencies. But truckers, not surprisingly, are furious. They plan to strike and have increased freight prices by 15%. Meanwhile, the government has also opened up foreign investment into its struggling aviation sector. Is India starting to turn?
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