(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. A.P. Moller-Maersk A/S, the world’s biggest container-shipping company, signaled it’s less optimistic about growth in its industry as trade wars dent the economic outlook.Copenhagen-based Maersk now sees global growth for the sector of 1-2% compared with a previous estimate of 1-3% for this year, it said on Friday. The company predicted growth in its own business may be “slightly lower” than the industry average, but said it will rein in costs to support profits.The more pessimistic outlook “reflects the broad-based …read more
Source:: Yahoo Finance
