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August 20, 2014

Shipping rise bodes well for world trade

By JAN M. OLSEN
Associated Press

COPENHAGEN, Denmark — The world's largest shipping company says it is sending more containers around world, a sign that global trade — and possibly economic growth — is picking up.

A.P. Moller-Maersk, which investors monitor as a bellwether for world trade, lifted Tuesday its earnings outlook on the back of an increase in freight volumes, a promising development at a time when a major economy like China is slowing and much of Europe remains stagnant.


 
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