Negative rates hit global shipping market as zombies slow M&A
Tue, May 10, 2016 - 5:50 AM
Mr Andersen says politicians fail to make reforms needed and leave it to monetary policymakers to solve economic problems.
THE owner of the world's biggest shipping line says negative interest rates are hurting the industry by delaying the consolidation wave so badly needed. The monetary policy environment "means that consolidation will be much slower because it's easy for banks to keep weak...