Palm Oil Advances as Crude Rally Boosts Outlook for Biofuels
Palm oil climbed for a second day as a surge in crude prices fueled by renewed US-Iran hostilities brightened demand prospects for biofuels.
Palm oil climbed for a second day as a surge in crude prices fueled by renewed US-Iran hostilities brightened demand prospects for biofuels.
South Korea plans to relax foreign-exchange rules governing capital transactions in the second half of the year as part of a broader effort to internationalize the won and deepen overseas use of the currency.
A first-of-its-kind report by the Australian government finds AI has not yet caused broad disruption in the nation’s labor market. That’s as the rising demand for AI is heightening concerns over the future of white-collar jobs. Scientia Professor of AI at the University of New South Wales Toby Walsh joins “Bloomberg: The Asia Trade” to discuss why Canberra needs to act now to mitigate the impact of AI and prepare workers for change. (Source: Bloomberg)
“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Trump’s 20% levy is the latest example of seeing what they can get away with.
Jennifer Parker, Adjunct Fellow at UNSW Canberra, discusses the legality and diplomatic implications of the US blockade and 20 percent cargo toll in the Strait of Hormuz. She draws on more than 20 years’ experience in the Royal Australian Navy, including leading multinational maritime operations in the Middle East. Jennifer speaks with Haidi Stroud-Watts on “Insight with Haslinda Amin.” (Source: Bloomberg)
Japan’s 20-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying.
Here’s a quick look at the numbers as China’s exports surge in June while imports rise at the fastest clip in five years. (Source: Bloomberg)
Iran has been sneaking oil tankers through the Strait of Hormuz over the past few days, even before the US said it would reimpose a blockade of Iranian ports as hostilities escalated.