Category: Business
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Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong…
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SD Guthrie Bhd., the world’s biggest oil palm planter by acreage, is positioning itself to tap into the data-center boom as it looks to develop a green-energy powered industrial park in Malaysia’s southern state of Johor. Source: Bloomberg Markets.
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Volatility has vanished. Now hedge funds are betting the calm will last, shorting the Cboe Volatility Index, or VIX, at rates not seen in three years. But such eerie calm and extreme positioning has historically foreshadowed a spike in turbulence and stock losses. Source: Bloomberg Markets.
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The administration’s moves against offshore projects on the US East Coast heighten the risks for investors. Source: Bloomberg Markets.
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Fortescue’s full-year profit fell 41% on lower prices for its iron ore, as Chinese demand for the steelmaking ingredient weakens amid its protracted property-sector slowdown. CEO Dino Otranto, however, says the miner is confident that China’s long-term growth prospects would help maintain sales. He speaks on “Bloomberg: The China Show.” (Source: Bloomberg) Source: Bloomberg Markets.
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Oil steadied after a four-day advance as investors waited for clearer signals on supplies, with the US poised to double a tariff on all Indian imports to penalize the country for buying Russian crude. Source: Bloomberg Markets.
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Bloomberg’s Mark Gurman details the latest on Apple as Elon Musk files a lawsuit against the tech giant and OpenAI, accusing them of unfairly favoring OpenAI on its smartphones. He joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg) Source: Bloomberg Markets.
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US equity futures and European stocks retreated as some of the euphoria around expectations of Federal Reserve interest rate cuts eased, with concerns about tariffs and their impact on inflation and corporate profits back in focus. In China, the financial hub of Shanghai eased home-buying rules in the latest attempt by authorities to contain the…
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Saudi Arabia and the Olympic Council of Asia are in talks with China and South Korea to potentially move the 2029 Asian Winter Games. It comes as Saudi Arabia faces construction challenges with its planned ski resort, Trojena. Tim Callen, visiting fellow at the Arab Gulf States Institute and Former IMF Mission Chief to Saudi…
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This year’s rally in China’s defense stocks risks losing steam as early earnings for the sector look lackluster, deflating excitement that’s building over next month’s massive “Victory Day” parade. Source: Bloomberg Markets.