Shanghai Stocks Decline as U.S. Income Data Fuels Economic Growth Concern
China’s stocks fell, with the benchmark index dropping for the first time in four days, as smaller-than-estimated growth in personal incomes in the U.S. heightened concern the economic recovery may falter.
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Del Monte to shift port cargo from Camden to Gloucester
In a move that changes labor dynamics on the Delaware River, Del Monte Fresh Produce Co. is shifting 75 ships and a half-million tons of banana cargo annually out of Camden and south to privately owned Gloucester Terminals L.L.C., which employs less-costly labor.
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Japanese Stocks Fluctuate; Shipping Lines Drop, Inpex Advances
Japanese stocks fluctuated as shippers declined after cargo rates fell, while Inpex climbed on higher oil prices.
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China Day Ahead: Agricultural Bank Freezes Loans, China Life Profit Gains
Agricultural Bank of China Ltd. , the nation’s fourth largest by assets, froze lending to property developers for a week as it reviews outstanding loans to the industry, two people with knowledge of the matter said.
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Japanese Stocks Fall on Europe Deficit Concerns; Shippers Gain
Japan’s stocks fell, dragging the Nikkei 225 Stock Average to a nine-month low, after a European Central Bank official said emergency lending should be extended, indicating the region’s debt crisis may take longer to solve.
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