Information

  • Sep 05, 2024

Diesel Market Faces Strains in Asia as Chinese Demand Contracts

(Bloomberg) -- Chinese and Indian diesel markets — which account for the bulk of Asian demand — are showing signs of a slowdown, potentially leading to more weakness in crude oil prices.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsIn China, the biggest oil importer, demand for the fuel is contracting, while in India, consumption growth has collapsed. Against that backdrop,

  • Sep 05, 2024

Morning Bid: Markets hit tentative pause on selloff

Markets hit the pause button after a selloff in equities since the start of the week but sentiment remained fragile, as worries re-emerged over the prospects for the U.S. economy and investors focused squarely on this week's job reports. Labour data on Wednesday suggested the U.S. jobs market was losing steam, raising expectations the Federal Reserve may resort to large interest rate cuts, while additional reports including Friday's non-farm payrolls data are keeping sentiment on edge. Futures indicated European bourses were set for a subdued open after Asian shares rose 0.4% on Thursday, clawing back some of the week's losses, although the MSCI's broadest index of Asia-Pacific shares outside Japan is still down 2.2% so far this week.

  • Sep 05, 2024

Trump's new crypto business could create more conflicts if he's elected president

Donald Trump is promising to make America the “crypto capital of the planet” if he returns to the White House. Amidst his run for president, Trump has launched a new venture to trade cryptocurrencies that he's promoting on the same social media accounts he uses for his campaign. Trump has long melded his political and business interests, promoting his hotels and golf courses in the White House while selling sneakers, Bibles and shares in his social media company during his current campaign.

  • Sep 04, 2024

RBA Flags Jobs Challenge If Inflation Stays Above Target

(Bloomberg) -- Australia’s central bank will struggle to maintain low unemployment if inflation stays above its target level “indefinitely,” Governor Michele Bullock said, in a warning to households and firms that interest-rate relief is still some way off.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsIn a speech in Sydney, the Reserve Bank chief reiterated that the rate-se

Popular Post