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  • Dec 30, 2024

Indonesia Faces Costly Biofuel Expansion After Palm Oil Surges

(Bloomberg) -- Indonesian consumers, fuel retailers and palm oil producers are facing higher costs from the government’s plan to expand its biofuel program after the price of the tropical oil surged.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024Make a Transit-Oriented New Year’s ResolutionThe nation plans to increase the volume of palm oil used in its

  • Dec 30, 2024

World’s Best-Performing Currency Fails to Slow Kenyan Inflation

(Bloomberg) -- Kenya’s annual inflation rate climbed for a second successive month in December as higher food and transport costs offset the effects of the shilling’s world-beating performance this year.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024The consumer price index rose 3%, compared with a 2.8% increase in November, the Nairobi-based Kenya Nati

  • Dec 30, 2024

These 2 Monster Growth Stocks Skyrocketed Over 1,000% This Year — Here’s What Analysts Expect in 2025

“Past performance won’t guarantee future returns” is one of the first lessons in investing, a useful reminder that we can never tell what the future has in store. At the same time, a strong track record for a particular company can also suggest that the good times just might keep on rolling. So, what does it mean when a stock gains 1,000% or more in a single year? A jump of that magnitude signifies sustained outperformance – and investors will rightly wish to take a closer look. Wall Street’s an

  • Dec 30, 2024

Chinese Stocks Race Past Peers for First Annual Gain Since 2020

(Bloomberg) -- Chinese stocks posted their first annual advance since the pandemic, and more gains may be in store if Beijing offers further growth support.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Migrant Crisis Pushed US Homelessness to Record High in 2024The onshore benchmark CSI 300 Index has climbed almost 15% since end-2023 to halt an unprecedented three-year losing streak. A gauge of Chinese equities listed in Hong Kong jumped 26% to record it

  • Dec 30, 2024

Indian Refiner Boosts Mideast Oil Imports as Russian Flows Slow

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024One of India’s largest refiners has been forced to seek alternative and more expensive crude cargoes from the Middle East to make up for lower supplies fr

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