GoodBulk Eyes USD 83 Mn in New Capital

Monaco-based owner of dry bulkers GoodBulk has embarked on an ambitious capital raising campaign as it welcomes new ships into the fleet. The company has secured a USD 73 million-worth credit facility with ING Bank and has entered into an investment agreement to collect around USD 10 million from share issuance. A portion of the
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The government is working on a scheme to allow duty-free import of capital goods by the domestic industry. The initiative could be an alternative to some of the export incentive schemes (EPCG, those for EOUs and SEZs) that will now have to be phased out or withdrawn because of their incompatibility with global trade rules,
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Turkey won’t impose capital controls to support the battered lira, Finance and Treasury Minister Berat Albayrak told 6,000 investors in a global conference call held to bolster confidence in the Middle East’s largest economy. The currency gained against the dollar. Restricting capital flows isn’t an option in a free-market system, Albayrak said on the call
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European capital goods companies are starting to show the strain of Washington’s trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks. Makers of machines that rely on thousands of small parts from around the world – from Swedish lawnmower maker
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Capital Product Partners L.P., an international diversified shipping partnership, released its financial results for the second quarter ended June 30, 2018. The Partnership’s net income for the quarter ended June 30, 2018 was $4.0 million, compared with $9.8 million for the second quarter of 2017 and $5.3 million for the previous quarter ended March 31,
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The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has approved the capital infusion of Rs 2,000 crore for strengthening the Export Credit Guarantee Corporation (ECGC). The amount would be infused for the three financial years, i.e. Rs 50 crore in 2017-18, Rs 1,450 crore in 2018-19 and Rs 500 crore for 2019-20.
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Riding on the tailwind of robust growth in the Asia-Pacific last fiscal year, Dachser India has further expanded its network in Gurugram, India’s largest business district located in the north of the country. Dachser set up the new branch in the burgeoning financial and industrial hub in order to serve a larger and growing customer
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Greece on Wednesday moved to ease capital restrictions imposed since the summer of 2015, raising the monthly limit of cash that can be withdrawn from bank accounts by 28 percent. Athens first imposed capital controls in July 2015 to stem a flight of cash from its banks at the height of a debt crisis that
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