Bloomberg:
- Simon Young, deputy director of research and development for China Cosco Holdings Co., Asia’s biggest container-shipping line, said, “There is too much speculation. There are too many financial institutions involved in this sector.”
- Rates to ship coal, iron ore and other goods will fall 15% in the third quarter compared with the previous three months as China imports less ore to make steel, UBS AG said. “There is no doubt the last months have been unprecedented and unsustainable” when it comes to China’s iron-ore imports, Peter Hickson, a global strategist for basic materials at UBS said at a conference.
Business Insider:
NY Post:
LA Times:
Rassmussen:
Politico:
Washington Times:
USA Today:
- Israel rejected as "scandalous" a highly critical report released by the International Committee of the Red Cross on Monday marking six months since Operation Cast Lead, saying it was inconceivable that the document would chastise Israel for the situation in Gaza while ignoring the continued detention of IDF soldier Gilad Schalit or the "intransigent belligerence" of Hamas.