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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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US Launches Operation to Safeguard Vessels in Red Sea
The US on Tuesday launched a multinational operation to safeguard start in the Red Sea as attacks by Iran-backed Houthi rebels forced major shipping companies to pause trade in the Red Sea.
- US Secretary of Defense Lloyd Austin said the United Kingdom, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain were among nations involved in the Red Sea security operation.
- The group will conduct joint patrols in the southern Red Sea and the Gulf of Aden.
- "This is an international challenge that demands collective action," Austin said in a statement, announcing the initiative as "Operation Prosperity Guardian".
- Several tanker and container shipping companies announced in the past days to pause traffic in the Red Sea and sail instead via the Cape of Good Hope.
- Euronav’s CEO said on Tuesday that shipping will be paused in the region until convoys by the “Operation Prosperity Guardian” will protect their vessels.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.