Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Treasury Buyback Fails to Cool Long-Term Yields 
China Industrial Output Beats Forecasts as Exports Support Growth 
China Home Prices Fall Again as Property Slump Drags on Growth 
UK Economy Grows 0.4% in July, Beating Forecasts 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
UK Businesses Urge Government to Cut Electricity Levies 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
Add as a preferred source on Google
South Korean exporters are expected to suffer from soaring freight rates throughout next year as leading shipping firms reduce business due to the pandemic while the US and China push up demand.
Demand for shipping services is set to rise over the remainder of 2020 due to higher demand during the Christmas season and other promotional events by retailers.
Air shipping services may get more costly next year if mobilized to deliver COVID-19 vaccines.
Meanwhile, local air carriers and shipping firms would benefit from the rising costs.
HMM Co., South Korea's biggest shipper by sales, turned to profitability in the second quarter, marking the first time in 21 quarters, and reported a record-high operating income in the third quarter.
Meanwhile, Korean Air Lines Co., South Korea's biggest carrier, enjoyed a 76 billion won operating profit in the third quarter.
