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Stephen Jen Says China Has Turned Corner, Sees 10% Stock Rise
Chinese stocks are poised to gain 10% by year-end as Beijing’s supportive policies drive growth and valuations remain discounted, according to London-based asset manager Eurizon SLJ Capital.
Venezuela, Chevron strike deals to expand oil operations in key region
US oil giant Chevron and the government of Venezuela signed two deals Monday that will expand oil production in the country, as the country seeks to boost private investment in the sector.A signing ceremony took place at Miraflores Palace, where interim president Delcy Rodriguez was joined by Chevron Venezuela president Mariano Vela and a number of US dignitaries, including Charge D'affaires Laura Farnsworth Dogu and Assistant Secretary of Energy Kyle Haustveit.Venezuela's interim President Delc...
China’s Export Growth Slowed Sharply in First Month of Iran War
China’s export growth slowed sharply in March from previous months, reflecting growing strains on the world’s No. 2 economy as the war in Iran upends global energy supply.
Citigroup Strategists Upgrade US Stocks on ‘Defensive Tilt’
Citigroup Inc. strategists have joined Wall Street peers in turning more constructive on US stocks, saying elevated war uncertainty supports a preference for higher-quality and defensive companies.
US-Sanctioned Tanker Tests Trump Blockade With Hormuz Transit
A US-sanctioned tanker linked to China is making its way through the Strait of Hormuz, testing President Donald Trump’s naval blockade.
Amazon Nears Deal for Globalstarin Push to Rival Musk’s Starlink
Amazon.com Inc. is in advanced talks to acquire satellite operator Globalstar Inc. in a deal that would boost the tech giant’s efforts to build its own satellite operation, according to people familiar with the matter.
Virgin Atlantic boss says higher jet fuel prices are ‘here to stay’
Chief executive Corneel Koster also says UK airline will struggle to turn a profit in 2026
Oil prices fall below $100 as US–Iran signal fresh talks amid Hormuz blockade
Oil prices dipped below $100 per barrel as hopes for eased US-Iran dialogue emerged following peace talks in Islamabad. Despite some positive signs, an agreement was not reached, with Iran refusing to abandon nuclear fuel enrichment. The US military extended its blockade of the Strait of Hormuz, prompting threats from Iran, though diplomatic channels remain open.
IEA, IMF, World Bank heads warn of impacts of Iran war
The heads of the International Energy Agency (IEA), International Monetary Fund (IMF) and World Bank Group on Monday warned of the negative impacts of the war against Iran waged by the United States and Israel.
‘Stagflationary shock’ from Iran war a ‘nightmare’ as confidence among Australian households crashes
Weakened economic activity, soaring fuel prices and rising inflation have created a horror scenario, RBA deputy governor saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAndrew Hauser, the Reserve Bank of Australia’s deputy governor, says the “stagflationary shock” from the Iran war is a “central banker’s nightmare”, as confidence among Australian households crashed to its lowest level in years.Speaking at an event in New York o...
Goldman, Ardian Bought CIC’s $1 Billion US Private Equity Stake
Goldman Sachs Group Inc. and Ardian SAS were on the other side of a $1 billion US private equity sale by China’s sovereign wealth fund, according to people familiar with the matter.
Singapore tightens monetary policy as energy shock hits Asia
Trade-dependent nation vulnerable to sharp increases in oil and gas prices
China flexes trade power with soaring use of export controls
Tripling of restrictions in past five years underlines Beijing’s sway over crucial supply chains
Los Angeles hotel industry 'struggling' under wage mandate signed by Mayor Karen Bass, new survey finds
Hotels in Los Angeles, California are struggling, a new report from industry researchers claimed in a new report."Hotels are struggling to keep up with rising operating costs coupled with falling demand," the American Hotel and Lodging Association (AHLA) researchers said last week.According to AHLA, the city’s minimum wage mandate and other policies led to increased "costs without flexibility to reflect market conditions and demand levels."A phased-in minimum wage hike in Los Angeles mandated up...
Malaysian bust spotlights shadow fleet oil trade in Southeast Asia
The bust of an illegal transfer of oil between tankers in Malaysian waters has returned the spotlight to the shadow fleet trade in fuel – much of it from sanctioned nations – in Southeast Asia, which continues despite the paralysis of legitimate shipping routes triggered by the Iran war. Two tankers were intercepted in waters off Bagan Ajam, off the coast of Penang, on Saturday during an alleged illegal transfer of more than 700,000 litres of diesel worth an estimated 5.43 million ringgit...
Brussels must resist ‘passive’ role in US-China trade war, EU chamber urges
A leading European business association in China has urged Brussels to avoid becoming a “passive recipient” of US-China trade negotiations, as European firms scramble to navigate Beijing’s export controls. In a report released on Tuesday, the European Union Chamber of Commerce in China asserted that the EU must take the lead in discussions affecting its interests, while urging Beijing to avoid a one-size-fits-all approach to export controls. “We’re in a situation where Europe simply cannot...
Church, BJP leaders trade barbs: Are fissures brewing between BJP, Church after Kerala polls?
The row began after former MLA PC George and his son criticised a bishop for allegedly secretly calling up nunneries and ask them to vote for Cong-led UDF| India News
HSBC CEO on Impact of Middle East Conflict
“We’re saddened and concerned with what’s happening in the Middle East, and we’re concerned not just with what’s happening, but also with how long this will take,” HSBC CEO Georges Elhedery tells Bloomberg Television in Hong Kong. (Source: Bloomberg)
Are Stock Markets, Commodity Markets, Banks Closed Today For Ambedkar Jayanti?
Ambedkar Jayanti is observed nationwide to mark the birth anniversary of BR Ambedkar, who played a crucial role in drafting the Indian Constitution.
HSBC CEO Warns Mideast Conflict Is Denting Global Confidence
HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the conflict in the Middle East and broader “uncertainties” are beginning to dent client confidence as investors navigate an increasingly volatile global landscape.