SINGAPORE, July 13, 2020 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company" or “it” or “we”), a global provider of maritime transportation services in the drybulk and product tanker sectors, announced that on July 9, 2020, the Company re-delivered the 2013-built chartered-in medium range tanker Doric Breeze to her owners at the conclusion of her charter. The vessel had been on charter to Grindrod Shipping for the past seven years. About Grindrod Shipping Holdings Ltd. Grindrod Shipping owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels and product tankers. The drybulk business, which operates under the brand “Island View Shipping” (“IVS”) includes a fleet of 17 handysize drybulk carriers and 14 supramax/ultramax drybulk carriers on the water with two chartered-in ultramax drybulk carriers under construction in Japan due be delivered between 3Q 2020 and 1Q 2021. The tanker business, which operates under the brand “Unicorn Shipping” (“Unicorn”) includes a fleet of three medium range tankers and one small tanker. The Company is based in Singapore, with offices in London, Durban, Tokyo, Cape Town and Rotterdam. Grindrod Shipping is listed on NASDAQ under the ticker “GRIN” and on
PARK RIDGE, Ill., July 13, 2020 /PRNewswire/ -- In a letter to the Centers for Medicare & Medicaid Services (CMS), The Joint Commission called on the agency to extend several waivers it enacted in response to the COVID-19 pandemic, including the removal of physician supervision for Certified Registered Nurse Anesthetists (CRNAs). According to the letter, "These waivers will allow CRNAs to function to the fullest extent of their licensure." As advanced practice nurses, CRNAs have vast experience in critical care settings and advanced education and training in anesthesiology. CRNAs provide care across all settings and in all patient populations and are the primary providers of anesthesia care in rural and underserved areas and on the battlefield in forward surgical teams. "Now more than ever it is important to optimize the nation's healthcare workforce. The AANA thanks The Joint Commission for recognizing the importance of allowing nurse anesthetists to practice to the full scope of their license and training," said AANA President Kate Jansky, MHS, CRNA, APRN, USA, LTC (ret). "By removing practice barriers, CMS expands access to care for millions of patients." In addition to CMS, several states have removed physician supervision for CRNAs. Governors of New York, Pennsylvania, Michigan, Maine,
WASHINGTON (AFP) - US Secretary of State Mike Pompeo said Monday (July 13) that the United States would treat Beijing's pursuit of resources in the dispute-rife South China Sea as illegal, ramping up pressure on another front. "We are making clear: Beijing's claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control them," Pompeo said in a statement. The United States has long rejected Beijing's sweeping claims in the South China Sea, aligning itself with Vietnam, the Philippines and other US partners in the region. But Pompeo went further by explicitly siding with South-east Asian nations, after years of the United States saying that it took no position on the merits of individual disputes. In line with the 2016 finding of an international tribunal, Pompeo said that the Mischief Reef and Second Thomas Shoal both "fall fully under the Philippines' sovereign rights and jurisdiction." Pompeo also denounced China's claims on the contested Spratly islands, where China earlier this year announced administrative districts, which would allow Beijing to expand its maritime claims. The United States as a result now rejects Beijing's claims in the waters surrounding Vanguard Bank off Vietnam, Lucania Shoals off Malaysia, waters considered in Brunei's exclusive economic zone and Natuna Besar off Indonesia, Pompeo said. "Any PRC action to harass other states' fishing or hydrocarbon development in these waters - or to carry out such activities unilaterally - is unlawful," Pompeo said. The statement is the latest assertive step by US President Donald Trump's administration against China, which it has increasingly portrayed as an enemy ahead of November elections. The United States in recent weeks has slapped visa restrictions on officials over the treatment of the Uighur and Tibetan minorities as well as over Beijing's clampdown in Hong Kong. Trump has also harshly criticised China over the coronavirus pandemic.
Pershing Square Tontine Holdings, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition company, or SPAC. The firm plans to go public with 200 million units at $20 each, according to a regulatory filing on Monday. A SPAC uses IPO proceeds and borrowed funds to acquire a company, typically within two years. Investors are not notified in advance which company a SPAC will buy. Ackman, whose New York-based hedge fund manages more than $10 billion in assets, may ultimately have $7 billion to invest. In the filing, Ackman said the company will seek to acquire a venture capital-backed firm that he called a “mature unicorn” that has chosen to remain private. Reuters first reported Ackman’s plans in June. Ackman, best known as an activist shareholder who calls for changes at companies, was also a co-sponsor of Justice Holding Inc., a SPAC which acquired restaurant chain Burger King for $1.4 billion in cash in 2012. Ackman’s latest vehicle will handily beat out former Citigroup executive Michael Klein’s Churchill Capital III Corp CCXX.N, which raised $1.1 billion in February, to become the largest ever SPAC. Churchill Capital late on Sunday agreed to take health care payment solutions provider Multiplan public in an $11 billion deal. Ackman is looking to list the SPAC’s shares on the New York Stock Exchange under the symbol “PSTH.U”.
The median price for a home in San Francisco is about $1.3 million, according to real estate site Zillow. Education Images | Universal Images Group | Getty Images There's one part of the mortgage world that's harder for some would-be home buyers to access: Jumbo loans. While there are signs that lenders may be easing their requirements for these larger mortgages, the squeeze that started when the coronavirus pandemic hit the U.S. economy in March has continued, experts say. For consumers, it means more roadblocks to buying a pricey home or refinancing a big mortgage. "It is truly a problem in the real estate market," said Al Bingham, a mortgage loan officer with Momentum Loans in Sandy, Utah. By definition, jumbo mortgages — also called "non-conforming" loans — do not conform to lending limits imposed by the government for mortgages backed by Freddie Mac and Fannie Mae. In most places, that ceiling is $510,400 (for 2020). In some spots — Alaska, Hawaii, Guam and the U.S. Virgin Islands — the cap is $765,600. More from Personal Finance:Households need tax refunds to cover rent, survey showsMoney moves to help you thrive in a recessionHere's how much Medicare could cost you in retirement However, in high-cost areas, it's not hard to exceed that amount. For example, the median price for a home in San Francisco is about $1.3 million, according to real estate site Zillow. That compares to the national average home value of roughly $248,800. Pre-coronavirus, the jumbo mortgage market relied on investors (often banks) to purchase the loans they originated. In the face of economic uncertainty and continuing high numbers of new unemployment claims — which means it's trickier to predict who won't default on a loan — that secondary market has largely dried up. "There are fewer investors interested in buying those loans," said Mike Fratantoni, chief economist at the Mortgage Bankers Association. This investor pullback means lenders now often must keep these mortgages in their own portfolio — and retain the risk. "There are a lot of competing demands for bank portfolios," Fratantoni said. "Households have maxed out their lines of credit, there's the [Paycheck Protection Program] … and banks have less space for jumbo loans." For consumers who would need one of these mortgages, whether for a refinance or a home purchase, it's likely they'll see higher credit score requirements than they would have at the start of 2020, as well as a larger minimum down payment and higher cash reserves. These loans also tend to require more due diligence on the part of the lender, which means borrowers have to produce things like bank statements, tax returns or other evidence proving their ability to repay. The average rate for a 30-year fixed-rate jumbo mortgage was 3.52% as of July 3, down slightly from 3.59% a week earlier, according to data from the Mortgage Bankers Association. Points paid — each point equals 1% of the loan — increased to 0.36 from 0.31. By comparison, conforming loans came with an average rate of 3.26%, down from 3.29%, with points decreasing to 0.35 from 0.36. Be aware that you might see bigger differences in jumbo loan terms from lender to lender than you would with Fannie and Freddie-backed mortgages. "On the conforming side of the market, competition is so fierce and there are so many lenders involved that you don't see a lot of dispersion of rates across lenders," Fratantoni said. In contrast, he said he's seen a quarter- to a half-percentage point difference "for essentially the same loan across lenders" in the jumbo market. "That's an enormous difference for jumbos," he said. While it may be harder to qualify for a jumbo loan than it was just months ago regardless of where you apply, at least one major lender has eased its jumbo refinance requirements for existing customers after tightening them several months ago: If you hold assets — regardless of the amount — with Wells Fargo, you can pursue a jumbo refinance there. It also applies to current mortgage customers and those who have home equity line of credit through the bank. This is a change from a temporary requirement imposed in early April that customers have at least $250,000 in assets at Wells Fargo to be eligible for its jumbo refinancing program. The bank's shift, however, does not apply to non-customers. If you want to refinance a jumbo mortgage at Wells Fargo, you'd need to transfer $1 million or more in assets to the bank. That doesn't apply to purchases. Non-customers may be eligible for other mortgage loan products beyond jumbo refinances without having to move assets there, said a Wells Fargo spokesman. As for how to find jumbo loans, you can do your research or go through a mortgage broker, who typically has access to a variety of available programs. "I advocate both," Fratantoni said. "Do your own homework, but if there's a broker you work with ... they might be good at identifying [options] you might not see." Subscribe to CNBC on YouTube.