US policy volatility has sent money managers scouring the world for alternatives, propelling local bonds from emerging-market countries to their best first half in 16 years.
Asian shares posted modest moves at the open as investors awaited progress on trade deals with the US ahead of the July 9 deadline imposed by President Donald Trump.
- Bloomberg Markets - Fiona MacDonald, Salma El Wardany, Nayla Razzouk, Grant Smith
OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share.
Representatives from Brazil and the US held a video conference on Friday to discuss a new tariff deal before President Donald Trump’s deadline on Wednesday, local media outlet Uol reported.
Thailand is making a last-ditch effort to avert a punitive 36% export levy threatened by the Trump administration with offers of greater market access for US farm and industrial goods, along with increased purchases of energy and Boeing jets.
Traders are swarming to equity-focused, exchange-traded funds listed in Taiwan, with demand from retail investors and a strong local currency driving up flows.
President Donald Trump’s country-by-country tariffs will take effect Aug. 1, Commerce Secretary Howard Lutnick said, signaling some breathing room for US trading partners ahead of a July 9 deadline previously set by the president.
Several French companies seek to invest a total of 4 billion ringgit ($947 million) in Malaysia after a trade delegation led by Prime Minister Anwar Ibrahim met with 40 industry representatives in France on Friday, according to Malaysia’s Ministry of Investment, Trade and Industry.
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers the world over while answering US President Donald Trump’s calls for lower fuel costs.
Prime Minister Mark Carney said a new oil pipeline to Canada’s West Coast is “highly likely” to be proposed as a nation-building project, which could mean it becomes part of Ottawa’s push to fast-track major developments under new legislation.
BRICS leaders are poised to adopt a position at odds with President Donald Trump on trade tariffs, conflict in the Middle East and global arms spending, even as they shy away from any direct challenge to the US.
Petroleo Brasileiro SA is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, Chief Executive Officer Magda Chambriard said.
Petrobras Chief Executive Officer Magda Chambriard said the Brazilian oil producer is seeking Chinese investment to help upgrade its shipping and infrastructure.
South Korean and US trade officials have discussed extending the July 9 deadline for trade deals in a last-minute bid to avert sweeping tariffs from President Donald Trump.
The world economy, beset with uncertainty for three months over Donald Trump’s on-again-off-again tariffs, is about to get more clarity as the US president’s deadline for trade deals arrives on Wednesday.
Saudi Arabia raised prices for its main crude grade for buyers in Asia next month by more than its customers had been expecting, a sign Riyadh is confident the market is strong enough to withstand extra supplies that OPEC+ is adding.
BRICS countries once again failed to make significant strides in the cross-border payments system for trade and investment they’ve been discussing for a decade.
More than 50 people have died and dozens of children are missing in Texas Hill Country after catastrophic flooding, leaving officials struggling to explain if they had done enough to warn people of the fast-rising waters. (Source: Bloomberg)
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