Article content (Bloomberg) — A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by Houthi militants, the US Central Command said. The strike Saturday on the Greek-owned M/T Wind caused flooding that knocked out its propulsion and steering, which the crew restored without help from […]
Breadcrumb Trail Links PMN Business Over the past few years, Vietnam’s anti-graft drive has taken down a slew of top Communist Party leaders, including presidents, deputy prime ministers and Politburo members. But that hasn’t stopped foreign investors from pouring in cash. Author of the article: Bloomberg News John Boudreau and Nguyen Kieu Giang Published May […]
Breadcrumb Trail Links PMN Business China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s second-largest economy. Author of the article: Bloomberg News Bloomberg News Published May 16, 2024 • Last updated 38 minutes ago • 3 minute read q47ln(gxsb6}u8n90msama68_media_dl_1.png National Bureau of Statistics, B […]
Article content (Bloomberg) — Oil was poised to eke out a modest weekly gain as futures remained in a narrow range, with the outlook for supply and inflation in focus. Brent traded above $83 a barrel after a two-day advance that saw futures add about 1%, while West Texas Intermediate was near $79. Lower US […]
Breadcrumb Trail Links PMN Business Chinese buyers are temporarily shunning Russian aluminum, as commercial realities intrude on the push to deepen bilateral trade ties. Author of the article: Bloomberg News Bloomberg News Published May 14, 2024 • 3 minute read m}sk3c3e1y08r9b{}eh3mph)_media_dl_1.png Bloomberg News Article content (Bloomberg) — Chinese buyers are temporarily shunning Russian aluminum, as […]
Article content (Bloomberg) — China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer. Gas imports through the end of April jumped 21% from the previous year, while coal purchases climbed 13%. The increase in coal in particular has defied […]
Breadcrumb Trail Links PMN Business China released a slew of disappointing economic data over the weekend, headlined by a surprise contraction in credit that adds pressure for authorities to speed up bond sales. Author of the article: Bloomberg News Bloomberg News Published May 12, 2024 • 3 minute read sf12u56}jp15d16w(bl4xdva_media_dl_1.png General Administration of Custom Article […]
Article content (Bloomberg) — The commercial division of Chinese private smelter Henan Jinli Gold and Lead Group Co. is looking to expand its commodities trading team in Singapore, as the industry turns increasingly bullish on copper, aluminum and other metals. The division, which handled about half of China’s silver exports last year, is aiming to […]
Article content (Bloomberg) — Oil declined as weak Chinese data raised concerns about demand, and traders looked ahead to an OPEC+ meeting on supply policy. Brent fell toward $82 a barrel after losing 1.3% on Friday, while West Texas Intermediate was below $78. Poor Chinese credit and inflation data showed the government is struggling to […]
Breadcrumb Trail Links PMN Business The yen has lost its haven currency status Author of the article: Bloomberg News Edward Harrison Published May 12, 2024 • 3 minute read egg8c07r0]l}9ba8)tpi(c7i_media_dl_1.png Bloomberg MLIV Pulse survey May Article content (Bloomberg) — The biggest US tech stocks are not only a bet on innovation but also a possible hedge against […]