Asia’s Demand for Middle Eastern Oil Slows After Buying Spree
Asian refiners have slowed purchases of Middle Eastern crude after a buying spree over the past three weeks, with oil majors and traders stepping in to take some of the surplus barrels.
Asian refiners have slowed purchases of Middle Eastern crude after a buying spree over the past three weeks, with oil majors and traders stepping in to take some of the surplus barrels.
US technology stocks were set to rebound on Wednesday after concerns around artificial intelligence valuations wiped out nearly $1.3 trillion from the market capitalization of Nasdaq 100 stocks over two days.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Avril Hong give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Tuya Smart, an AI cloud and IoT platform provider, says growth remains strong despite slowing consumer appliance demand in China. Co-founder and COO, Alex Young, joined Bloomberg’s Minmin Low on the sidelines of the World Economic Forum in Dalian and appeared on Insight with Haslinda Amin. (Source: Bloomberg)
In volatile markets, traditional data often falls short, making commodity market sentiment analysis a critical differentiator.
The measure “will take time to meaningfully affect housing affordability and will not resolve voter frustration in that area,” analysts said.
South Korean stocks rebounded from a 10% rout, with investors refocusing on chipmakers’ earnings after what many saw as a selloff driven by technicals.
“It is going to be a process,” US Treasury Secretary Scott Bessent says about the state of negotiations with Iran during remarks at the Economic Club of New York. (Source: Bloomberg)
There’s so much money at stake in the NBA draft that falling a few slots could cost a player $30 million.
As Alphabet rolls out more data centers — and borrowing money to do it — it can be argued that it is becoming more of an industrial company, says strategist