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SK Hynix shares fell more than 3%.Futures News, May 8th - According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed sharply lower on Thursday, with the benchmark contract down 1.2%, following the decline in international crude oil futures. International crude oil prices fell on Thursday due to concerns that the US might resume escort duties in the Strait of Hormuz. This put downward pressure on the Chicago soybean oil market. Weak US soybean oil export sales also weighed on prices. The US Department of Agricultures weekly export sales report showed that for the week ending April 30, 2026, net sales of US soybean oil for the 2025/26 marketing year were 1,000 tons, down 72% from the previous week and 15% from the four-week average. This data was in line with market expectations.On May 8th, according to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed slightly lower on Thursday, with the benchmark contract down 0.3%, mainly reflecting weak U.S. corn export sales and continued declines in international crude oil futures. Traders said the benchmark contract fell for the third consecutive trading day, following the decline in the international crude oil market. However, technical buying at the end of the session helped the corn market recover some lost ground. Weak corn export sales data also put pressure on corn prices. The U.S. Department of Agricultures weekly export sales report showed that for the week ending April 30, 2026, net sales of U.S. corn for the 2025/26 marketing year were 1,361,700 tons, down 15% from the previous week and down 4% from the four-week average, in line with market expectations. Net sales for the 2026/27 marketing year were 122,800 tons, with no sales a week earlier. According to precipitation maps released by the National Oceanic and Atmospheric Administration (NOAA), parts of the eastern Corn Belt may receive up to 0.75 inches of rain from Friday through Monday, while parts of the central-southern and southeastern regions will also continue to experience rainfall.May 8th - Data released on Friday showed that real wages in Japan rose 1% year-on-year in March, marking the third consecutive month of growth, providing further support for the Bank of Japan to raise interest rates at its June meeting. The data highlights the steady growth in Japanese wages, following a Reuters poll of economists where nearly two-thirds expected the Bank of Japan to raise interest rates to 1.0% by the end of June.May 8th - According to the official website of the China Securities Regulatory Commission (CSRC), Kunlun Core (Beijing) Technology Co., Ltd. officially launched its IPO preparation on May 7th, 2026, with China International Capital Corporation Limited (CICC) serving as the IPO advisor.

Cruise Lines Will Contest A U.S. Court's Huge Award For A Havana Dock

Aria Thomas

Jan 04, 2023 11:22

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Carnival (NYSE:CCL) Corp and Royal Caribbean (NYSE:RCL) Cruises stated on Tuesday that they will appeal a U.S. court verdict ordering them and two other cruise operators to pay $110 million in penalties for usage of a port seized by the Cuban government in 1960.


U.S. District Judge Beth Bloom ruled last week in Miami to award $440 million to the plaintiff, Delaware-registered Havana Docks Corp; registered to two U.S. residents claiming to be descendants of the original proprietors of the Havana Cruise Port Terminal.


It followed Bloom's March finding that the port's use constituted trafficking in seized Havana Docks Corp. property. The ruling represented a turning point for Cuban-Americans seeking restitution for confiscated property during the Cold War.


The judgment against Carnival granted the plaintiff $109,671,180.90 in damages, whilst the rulings against Norwegian, Royal Caribbean, and MSC, the most recent of which was released on Tuesday, each awarded the plaintiff $109,848,747.87 in damages.


Royal Caribbean confirmed to Reuters that it "disagrees with the verdict and expects to appeal." Carnival claimed that it strongly disagreed with the verdict, that it would appeal, and that it had participated in "legal travel."


Norwegian Cruise Line (NYSE:NCLH) declined to comment, and MSC Cruises did not provide a response to a request for comment.


Under the Helms-Burton Act, which authorizes U.S. residents to sue over the use of property taken in Cuba after 1959, Havana Docks filed action against the cruise lines.


"This is an extraordinarily significant ruling by Judge Bloom. According to Roberto Martinez, counsel for Havana Docks, the commercial use of confiscated property in Cuba in contravention of U.S. law bears clear, well-defined, and extensively published legal penalties.


"The incontrovertible data revealed that the cruise lines profited over $1.2 billion from their trips that exploited the stolen facility, but did not compensate Havana Docks Corp or the Cuban people," he stated.


The decisions could spark future lawsuits by Cuban exiles seeking compensation for confiscations of property by the late Cuban leader Fidel Castro, believed to be worth $2 billion.

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