CBOT wheat futures fall on ample supplies, weak U.S. demand
GoPro Warns of Going-Concern Risk Amid AI-Fueled Memory Crunch
Surging memory costs are pushing action-camera maker GoPro Inc. to the brink. The company, founded by Nicholas Woodman, warned of risks to its ability to continue as a going concern and is seeking financing to avert a default, according to a latest filing.
Moubayed: Strong GCC Balance Sheet Kept Ratings High
Ratings agencies reaffirmed the strong position of various GCC economies, despite the geopolitical tensions. Alia Moubayed, Managing Director: EMEA Economics & Strategy at Jefferies International spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the resilience of these economies.
(Source: Bloomberg)
The Hidden Plumbing of Commodity Finance
Who pays to keep stuff moving in an age of disruptions?
ECB Says Consumer Inflation Expectations Ease But Stay Elevated
Euro-area consumers’ expectations for inflation in three years fell slightly in April, offering some relief to the European Central Bank, though policymakers are still likely to raise interest rates next week.
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Odd Lots: The Hidden Plumbing of Commodity Finance (Podcast)
We talk about the commodity supply chain all the time. We talk about the ports and the trucks and the ships and all of that. But there’s another dimension to moving commodities all around the world, which is actually paying for it. Who funds the oil tanker and what happens when that tanker is, say, stuck in the Strait of Hormuz? Commodity finance underpins production, transportation and storage of a wide variety of the things that make the modern world, but you tend to only hear about it when th
BP Dilutes Stake in Australia’s Browse With 5% Sale to GS Energy
BP Plc has agreed to dilute its stake in the A$48.7 billion Browse natural gas project by selling 5% to South Korea’s GS Energy Corp.
Adcock Faces Possible Antitrust Charges in South Africa
South Africa’s antitrust watchdog has accused pharmaceutical company Adcock Ingram Holdings Ltd. of profiteering from the Covid-19 pandemic, according to people familiar with the matter.
How AI Will Change Device Usage: Qualcomm’s Amon
Qualcomm CEO Cristiano Amon speaks at Computex, saying that in the future, AI agents will become a core element in the daily digital lives of users, and that mobile devices will be seen as access points for such agents. (Source: Bloomberg)