World
Investors are ‘dramatically overestimating’ an oil glut, Carlyle’s Jeff Currie says
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. Concerns about a supply glut […]
Read More
Stock futures are little changed after S&P 500 posts first winning day in September: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on September 09, 2024 in New York City. Spencer Platt | Getty Images Stock futures dipped on Tuesday morning after the major averages rebounded from their worst week in 2024. Futures tied to the S&P 500 declined 0.12%, while Nasdaq 100 futures fell 0.28%. Dow […]
Read More
‘Spook the West’: Turkey’s bid for BRICS both a strategic and symbolic step, analysts say
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. Sefa Karacan | Anadolu | Getty Images Turkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country of 85 million […]
Read More
China’s exports grow by 8.7% in August, beating expectations
A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. Martin Pollard | Reuters BEIJING — China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency. That was higher than the forecast […]
Read More
Japan nominates ex-currency diplomat Kanda to head Asian Development Bank
Masato Kanda, vice-minister of finance for international affairs at Japan’s Ministry of Finance, during a press conference after the Group of 20 (G-20) finance ministers and central bank governors meeting. Bloomberg | Bloomberg | Getty Images Japan will nominate Masato Kanda, the country’s former top currency diplomat, as its candidate to become next head of the Asian Development Bank, Finance Minister […]
Read More
Dozens dead after Typhoon Yagi hammers Vietnam, causing floods, landslides
A general view of a factory belonging to LG Electronics collapsed following the impact of Typhoon Yagi, in Trang Due Industrial Zone, Hai Phong city, Vietnam, September 9, 2024. REUTERS/Minh Nguyen Typhoon Yagi, Asia’s most powerful storm this year, left dozens dead in northern Vietnam and widespread damage to infrastructure and factories as it churned westwards, preliminary government estimates showed on […]
Read More
China begins anti-dumping probe into Canadian rapeseed
Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. Scott Olson | Getty Images China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa’s 100% tariffs on Chinese-made electric vehicles and other products come into force. […]
Read More
Asia-Pacific markets mixed following Wall Street’s rebound from worst week of 2024
Sunrise around the Bund river district on November 02, 2023 in Shanghai, China. James D. Morgan | Getty Images News | Getty Images Asia-Pacific markets were mixed on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year. The S&P 500 gained […]
Read More
Want to cash in on India’s growth? Veteran investor names 5 ‘well-run’ companies to buy right now
Interest in India has been rising steadily among investors, thanks to its growing economy , strong stock market performance and burgeoning population . Amid some talk of an Indian stock market bubble , however, Pramod Gubbi, co-founder of Marcellus Investment Managers, revealed how he is playing the market. The veteran investor said he is focused […]
Read More
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
David Solomon, CEO of Goldman Sachs, during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its ill-fated consumer […]
Read More