International News

The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.

Business world awaits Yellen’s assessment of Brexit

Last week economy watchers focused on Fed chairman Janet Yellen’s testimony before U.S. congressional committees on the American economy and the prospects for increases in the Fed’s key lending rate in the months ahead.

U.S. approves boat insurance for Cuba travel

Common sense has finally prevailed. Pantaenius, a U.S. marine insurer, said it will offer coverage for American boats traveling in Cuban waters. This eliminates a major barrier to cruising and fishing in Cuba, in my opinion.

Poor jobs report likely to keep rate increase at bay

Federal Reserve chairman Janet Yellen said in late May that an interest-rate increase probably will be appropriate “in the coming months” if the economy and job market continue to show steady improvement.

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