Expanding trade will catch up with the glut of merchant vessels in the first half of next year as accelerating growth in developing economies makes up for China’s slowdown, billionaire investor Wilbur Ross said.
Billionaire Wilbur Ross said an initial public offering for Diamond S Shipping Group Inc., the tanker company in which his firm is the largest shareholder, won’t proceed because the suggested price was too low.
Billionaire Wilbur Ross invited Paul Ryan over for lunch. Goldman Sachs Group Inc. and Wells Fargo & Co. bankers met with Rand Paul at a fundraiser in Atlanta. Investor Rob Arnott dropped in on Ted Cruz.